Chemcon Specialty Chemicals is a leading speciality chemicals manufacturer in India. The company specialized in manufacturing of chemicals, engaged in the manufacturing and sale of the Pharmaceutical Chemicals and the Oilwell Completion of Chemicals.
Chemcon specializes in the manufacture of Calcium bromide, Sodium bromide, and Zinc Bromide. It caters to oil and gas companies, API (Active Pharmaceutical Ingredient) manufacturers, and also provided contract manufacturing solutions. The company is looking to raise Rs 350 crores. The issue consists of a fresh issue of shares worth Rs 175 crores and an offer for sale for the remaining.
Company is the only manufacturer of HMDS in India and were the eighth largest manufacturer of HMDS worldwide in terms of production in the calendar year 2018. Chemcon Specialty is also the largest manufacturer of CMIC in India and the second-largest manufacturer of CMIC worldwide, in terms of production and capacity in the calendar year 2018 (source: Frost & Sullivan Report).
Strength of Chemcon
1) The largest manufacturer of pharmaceutical chemicals across the globe.
2) Leading oilfield chemicals manufacturer in India.
3) Supply products to domestic customers and as well as customers outside India
4) Strong and consistent financial performance.
5) Dedicated manufacturing plants for each product.
1) Company business includes the manufacturing, marketing and supply of specialised chemicals largely used in the pharmaceuticals and oilfield industries. Any decrease in the utility of their products for such industries may have an adverse impact on our business, growth and results of operations.
2) Limited product portfolio and their business may be adversely affected if any of their products do not continue to perform as expected
Chemcon IPO Details
IPO Opens on: 21 September 2020
IPO Closes on: 23 September 2020
Price Band: Rs 338-340 per share
Bid Lot: 44 shares and in multiples of 44 shares
Minimum Investment: Rs 14,960
Maximum Investment: Rs 194,480
Fresh issue: Rs 165 Cr
Offer for Sale: Rs 153 Cr
IPO Size: Rs 318 Cr
Retail Allocation: 35%
Retail & Employees Discount: Rs 0 per share
Chemcon IPO Time Line
Finalisation of Allotment: 28 September 2020
Initiation of Refunds: 29 September 2020
Transfer of Shares to Demat Account: 30 September 2020
Listing At: NSE & BSE
Listing Date: 1 October 2020
Financial Performance of (in Crores) Chemcon
|Net margin (%)||16.8||14.2||18.5|
Chemcon IPO Valuations
Face Value = Rs 10
Earnings Per Share (EPS) = Rs 15.37
PE Ratio = To Be Updated
Return on Net Worth (RONW) = 34.23%
Net Asset Value = 44.91 /Share
Chemcon IPO Subscription Details as on ( 23 Sept 6:00 pm)
|Category||Shares offered||Subscription (no. of times)|
|Day 1||Day 2||Day 3|
Grey Market Premium of Chemcon IPO Day by Day
Grey market premium as on 01-10-2020 = Rs 340-350/Share
Grey market premium as on 30-09-2020 = Rs 325-330/Share
Grey market premium as on 29-09-2020 = Rs 380-390/Share
Grey market premium as on 28-09-2020 = Rs 380-390/Share
Grey market premium as on 27-09-2020 = Rs 340-350/Share
Grey market premium as on 26-09-2020 = Rs 340-350/Share
Grey market premium as on 25-09-2020 = Rs 300-310/Share
Grey market premium as on 24-09-2020 = Rs 270-280/Share
Grey market premium as on 23-09-2020 = Rs 240-245/Share
Grey market premium as on 22-09-2020 = Rs 240-245/Share
Grey market premium as on 21-09-2020 = Rs 245-250/Share
Grey market premium as on 20-09-2020 = Rs 225-230/Share
Grey market premium as on 19-09-2020 = Rs 225-230/Share
Grey market premium as on 18-09-2020 = Rs 225-230/Share
Grey market premium as on 17-09-2020 = Rs 205-210/Share
Grey market premium as on 16-09-2020 = Rs 205-210/Share
Grey market premium as on 15-09-2020 = Rs 350/Share
Grey market premium as on 14-09-2020 = Rs 350/Share
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