IPO

Petro Carbon and Chemicals Limited IPO

NSE SME

Listed On: Jul 2, 2024 at ₹ 300.0

₹ 273600 /1600 Shares
*Min Investment

Check Allotment

25 Jun, 2024

Open Date

27 Jun, 2024

Close Date

28 Jun, 2024

Allotment Date

02 Jul, 2024

Listing Date
Petro Carbon and Chemicals Limited IPO Issue Details
  • Issue Price ₹162-171 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 66,17,600 shares(aggregating up to ₹113.16 crore)
  • Offer For Sale 66,17,600 shares(aggregating up to ₹113.16 crore)
  • Listing at NSE SME
  • List Price 300.0
  • Listing Date 2024-07-02
  • Lead Manager GYR Capital Advisors Private Limited
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 800 ₹1,36,800
Retail(max) 1 800 ₹1,36,800
NII (min) 2 1,600 ₹2,73,600
Petro Carbon and Chemicals Limited IPO Reservation

Petro Carbon and Chemicals Limited IPO offers total 6,617,600 shares. Out of which 1,236,800 (18.69%) allocated to QIB, 928,800 (14.04%) allocated to NII,2,166,400 (32.74%) allocated to RII, NA (NA%) allocated to employees and 1,855,200 (28.03%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 1,855,200 (28.03%)
Market Maker Shares Offered 430,400 (6.5%)
QIB Shares Offered 1,236,800 (18.69%)
NII (HNI) Shares Offered 928,800 (14.04%)
Retail Shares Offered 2,166,400 (32.74%)
Total Shares Offered 6,617,600 (100%)
Petro Carbon and Chemicals Limited IPO Documents
DRHP
RHP
Petro Carbon and Chemicals Limited IPO Details


Petro Carbon and Chemicals Limited IPO is an SME IPO, priced at ₹162-171 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 66,17,600 equity shares, aggregating up to ₹113.16 crores..

The IPO bidding window is open from Jun 25, 2024 to Jun 27, 2024. The allotment is expected to be finalized on Jun 28, 2024, and the tentative listing date is Jul 2, 2024.

The minimum lot size for Retail investors is 800 shares, with a minimum investment of ₹1,36,800. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,73,600.

GYR Capital Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Giriraj Stock Broking Private Limited will act as the market maker for this issue.

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Petro Carbon and Chemicals Limited IPO Subscription Analysis And Details
Retail
74.34x
Total
92.11x
As on QIB / NII Retail Total
Shares Offered / Reserved / 2,166,400 4,332,000
Day 1 25-06-24 06:00 PM
/ x 3.42 x 2.36 x
Day 2 26-06-24 06:00 PM
/ x 12.31 x 7.74 x
Day 3 27-06-24 06:00 PM
/ x 74.34 x 92.11 x
Total No of Applications
2,01,314
Petro Carbon and Chemicals Limited Valuations
EPS Pre IPO ₹/-
EPS Post IPO ₹/-
P/E Pre IPO 66.02
ROCE 60.36%
Debt/Equity 0.54
RoNW 66.00%
PAT Margin 15.78%
Petro Carbon and Chemicals Limited Company Financials
In Lakhs
In Lakh
31-Mar-23 31-Mar-22 31-Mar-21
Assets 26,379.12 27,703.56 15,992.29
Revenue 51,760.99 27,990.70 15,528.68
Profit After Tax 672.65 570.99 11.64
Net Worth 3,752.81 3,080.17 2,509.17
Reserves & Surplus 5,561.06 4,973.20 4,489.97
Total Borrowing 17,582.78 19,418.00 8,182.43
About Petro Carbon and Chemicals Limited Company

Petro Carbon and Chemicals Limited, founded in 2007 and a part of the ATHA Group, is manufacturing calcined petroleum coke (CPC), and this product is for the carbon industry.

The company calcines raw petroleum coke, green petroleum coke, into CPC that is used to manufacture and produce aluminum, steel and other carbon-based products among others.

The production plant is situated in Purba Medinipur, West Bengal, and has a capacity of producing approximately 93,744 tons of CPC per annum; the area covered by the plant is approximately 30 acres.

Currently, the company employs about 74 individuals at different levels in the areas of production, maintenance, marketing, sales, administration, and corporate services. Besides, the company currently employs approximately 290 contract workers in the production facility.

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Petro Carbon and Chemicals Limited - Promoter(s)

Kishor Kumar Atha

Dilip Kumar Atha

Gaurav Atha

Vishal Atha

Bharat Atha

Pre Issue Share Holding : %

Post Issue Share Holding : %

Petro Carbon and Chemicals Limited IPO - Issue Objectives
1

Achieve the benefits of listing the Equity Shares on the Stock Exchanges

2

Carry out the Offer for Sale of up to Equity Shares by the Selling Shareholders.

Petro Carbon and Chemicals Limited IPO - Peers Comparison
Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
Petro Carbon and Chemicals Limited 2.59 N/A 14.43 N/A 17.92 11.85 Standalone
Goa Carbon Ltd. 88.24 N/A 130.82 8.76 58 5.47 Standalone
India Carbon Limited 90.28 N/A 1637.97 13.85 6.14 0.76 Standalone

Notes:

  1. The P/E Ratio has been computed based on the closing market price of equity shares on March 15, 2024, divided by the Basic EPS as of March 31, 2023.
  2. Basic and Diluted EPS refers to the Basic EPS sourced from the Annual Reports for FY 22-23 of the listed peer companies.
  3. Return on Net Worth (%) for listed industry peers has been computed based on the Net Profit After Tax for the year ended March 31, 2023, divided by Total Equity as on March 31, 2023.
  4. NAV per share for listed peers is computed as the Total Equity as on March 31, 2023, divided by the outstanding number of equity shares as on March 31, 2023.
Contact Details

Petro Carbon and Chemicals Limited

Avani Signature, 6th Floor, 91A/1, Park Street, Kolkata - 700016

033-40118400

pccl@athagroup.in

http://www.pccl.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html