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.
Chemcon IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹338 to ₹340 per equity share |
| Market Lot | 44 Shares |
| Min Order Quantity | 44 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 543233 |
| NSE Symbol | CHEMCON |
| ISIN | INE03YM01018 |
| Issue Size | Aggregating up to ₹318.00 Cr |
| Fresh Issue | Aggregating up to ₹165.00 Cr |
| Offer for Sale | Aggregating up to ₹153.00 Cr |
Chemcon IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 21-Sep-20 |
| IPO Close Date | 23-Sep-20 |
| Basis of Allotment Date | 28-Sep-20 |
| IPO Listing Date | 1-Oct-20 |
Chemcon IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 44 | ₹14,960 |
| Maximum | 13 | 572 | ₹194,480 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For Chemcon Speciality Chemicals
Company Financials:
| PARTICULAR | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 |
| Total Assets | 2,257.92 | 1,730.33 | 970.66 | 626.8 |
| Total Revenue | 2,660.17 | 3,053.26 | 1,583.91 | 899.96 |
| Profit After Tax | 488.53 | 430.41 | 263.81 | 28.24 |
Company Promoters:
Kamal Kumar Rajendra Aggarwal, Navdeep Naresh Goyal, and Shubharangana Goyal are the promoters of the company.
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.
Registrar & Company Detalis
| Company Contact Information | Chemcon IPO Registrar |
| Chemcon Speciality Chemicals Limited Block Number 355, Manjusar Kunpad Road Manjusar Village, Taluka Savli Vadodara 391775 Phone: 91 98795 64107 Email: investor.relations@cscpl.com Website: http://www.cscpl.com/ | Link Intime India Private Ltd Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Phone: +91-22-4918 6270 Email: chemcon.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
