Chemcon Speciality Chemicals Ltd

Chemcon Speciality Chemicals Ltd

Issue Period: Monday, Sept 21 - Wednesday 23, 2020

Incorporated in 1988, Chemcon Speciality Chemicals Ltd is a manufacturer of specialized chemical products i.e. HMDS and CMIC. Its product portfolio includes oilfield chemicals (Calcium Bromide, Sodium Bromide, and Zinc Bromide), Pharma intermediates, Silanes, and chemicals contract manufacturing work.
Chemcon Chemicals is a leading manufacturer of Pharmaceutical chemicals and generates maximum revenue from this particular segment. Hetero Labs Limited, Laurus Labs Ltd, Aurobindo Pharma Ltd, Lantech Pharmaceuticals Ltd, Macleods Pharma Ltd are the key customers of its Pharma chemical business. However, Shree Radha Overseas, Universal Drilling Fluids, Water Systems Speciality are some of the clients of its oilfield chemicals segment. In 2018, it was the 8th largest manufacturer of HMDS and 2nd largest manufacturer of CMIC chemical worldwide.
Company not only serves the domestic market but also export its products in overseas market such as USA, China, Japan, UAE, Serbia, Russia, Malaysia, and Azerbaijan. It has a manufacturing plant at Manjusar near Vadodara in Gujarat, 5 operational plants, 3 warehouses, and 2 leased warehouses.


Competitive Strengths:

• Largest manufacturer of pharmaceutical chemicals across the globe.
• Leading oilfield chemicals manufacturer in India.
• Diversified clientele base in the domestic and global markets.
• Strong and consistent financial performance.
• Dedicated manufacturing plants for each product.

Company Promoters:

KamalKumar Rajendra Aggarwal, Navdeep Naresh Goyal, and Shubharangana Goyal are the promoters of the company.

Company Financials:

Particulars For the year/period ended (₹ in million)
Summary of financial Information (Restated Consolidated) 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 2,257.92 1,730.33 970.66 626.80
Total Revenue 2,660.17 3,053.26 1,583.91 899.96
Profit After Tax 488.53 430.41 263.81 28.24


Objects of the Issue:

Firm purposes to utilize the net proceeds from the IPO towards below objectives;

• To meet capital expenditures for expansion of manufacturing facility.
• To meet business working capital requirements.
• To meet general corporate purposes.

(Read Detailed Report)

Issue Details

Chemcon Speciality Chemicals Ltd IPO ISSUE OPENS
ISSUE OPENS
Monday, September 21, 2020
Chemcon Speciality Chemicals Ltd IPO ISSUE CLOSES
ISSUE CLOSES
Wednesday, September 23, 2020
Chemcon Speciality Chemicals Ltd IPO ISSUE PRICE
ISSUE PRICE
₹338 to ₹340 per equity share
Chemcon Speciality Chemicals Ltd IPO BID LOT
BID LOT
44 Equity shares & multiple of 44 Equity shares thereafter.
Chemcon Speciality Chemicals Ltd IPO- IPO SIZE
IPO SIZE
₹ 316.13 - ₹ 318 Cr
Chemcon Speciality Chemicals Ltd IPO-LISTING EXCHANGES
LISTING EXCHANGES
NSE & BSE
Chemcon Speciality Chemicals Ltd IPO-ALLOTMENT DATE
ALLOTMENT DATE
Tentatively Tuesday, September 29, 2020
Chemcon Speciality Chemicals Ltd IPO- RATIO
RATIO
QIB 50% - Retail 35% - NIB 15%

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