Petro Carbon and Chemicals IPO bids starts on Tuesday, June 25 and closes on Thursday, June 27. The IPO is a book-built issue of ₹113.16 crores. The issue is entirely an offer for sale of 66.18 lakh equity shares. The price band of the issue is set to ₹162 to ₹171 per share with a face value of ₹10. Bidding for Anchor Investor will happen on Monday, June 24. The issue shall be listed on NSE SME (small and medium enterprises) with tempting date fixed as Tuesday, July 2.
The minimum lot size of the issue is 800 equity shares and its multiples thereafter. The minimum amount of investment required for Retails is ₹1,36,800. The minimum bid size for HNI’s (High Net-worth Individuals) is 2 lots, aggregating to ₹2,73,600. The company has reserved 50% shares of the issue for QIB’s (Qualified Individual Bidders), in which 6.50% for Market Maker Portion, 15% for NII’s and 35% for Retail Individual Investors.
Allied Blenders and Distillers IPO opens on June 25: check full details
GYR Capital Advisors Private Limited is the book-running lead managers. Axis Bank Limited is sponsor bank of the issue. Bigshare Services Private Limited is registrar of the IPO.
Financials
| Particulars | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Revenue | 445 | 515 | 276 |
| Profit After Tax | 70.31 | 6.72 | 5.7 |
| PAT Margin | 15.78% | 1.30% | 2.06% |
| Borrowings | 80 | 175 | 194 |
| Cash Flow | 79 | 62 | -61 |
The company has a total debt of ₹80 crores, out of which ₹60 crores is short-term debt and ₹20 crores is Long-term debt.
Risk Factors
- The promoter selling shareholders, will receive the entire proceeds from the Offer for Sale. The Company will not receive or benefit from any proceeds from the Offer for Sale.
Object of the Issue
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
- To carry out Offer for Sale of up to Equity Shares by the Selling Shareholders.
About Petro Carbon and Chemicals Limited
Established on November, 2007, Petro Carbon and Chemicals Limited specializing in the manufacturing and supply of Calcined Petroleum Coke. PCCL is a part of the Atha Group, a muti-product, multi-technology, multi-location business conglomerate.
One thought on “Petro Carbon and Chemicals IPO price band sets at ₹162 to ₹171 per share; check more details”