Petro Carbon and Chemicals IPO GMP

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Petro Carbon and Chemicals Limited, part of the ATHA Group, was founded in 2007. The company makes calcined petroleum coke (CPC) from raw petroleum coke (RPC) also called green petroleum coke. CPC is utilized in manufacturing aluminum, steel and various other carbon based products.

Petro Carbon and Chemicals IPO Overview

Petro Carbon and Chemicals is planning to raise ₹113.16 crores through IPO selling shares through OFS at the price band between ₹162 -₹171 each. The IPO will be open from June 25 to June 27. Share allotment is expected to be completed by June 28, 2024 and shares are scheduled to be listed on NSE SME segment by July 2, 2024.

Currently, Petro Carbon and Chemicals’s promoters own 100% of the company. Bigshare Services will handle the IPO registration.

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Let’s look at how Petro Carbon and Chemicals IPO GMP has changed recently.

As of June 25, Petro Carbon and Chemicals IPO has a Grey Market Premium of ₹100. With the upper price band set at ₹171, the estimated listing price is ₹271 (Upper price band + today’s GMP). Indicating a gain of 58.48% per share.

Stay tuned with Trade Target for daily updates on Petro Carbon and Chemicals IPO GMP and the expected listing price.

Date: 26– June – 2024
Petro Carbon and Chemicals GMP: ₹110 (64.33%)

Date: 25– June – 2024
Petro Carbon and Chemicals GMP: ₹110 (64.33%)

Date: 24– June – 2024
Petro Carbon and Chemicals GMP: ₹100 (58.58%)

How can one apply for Petro Carbon and Chemicals IPO?

For retail investors minimum investment starts with 1 lot including 800 shares at a cost of ₹136,800 and this is the maximum limit for retail investors to apply in Petro Carbon and Chemicals IPO.

For HNIs minimum investment in Petro Carbon and Chemicals’s IPO is set at 2 lots which include 1600 shares and costs ₹273,600.

Application	Lots	Shares	Amount
Retail (Min)	1	800	₹136,800
Retail (Max)	1	800	₹136,800
S-HNI (Min)	2	1600	₹273,600

Petro Carbon and Chemicals IPO Financial

As of March 31, 2023, Petro Carbon and Chemicals reported a profit after tax of ₹672.65 lakhs. This reflects an increase compared to the previous year when the PAT was ₹570.99 lakhs as of March 31, 2022. The growth is even more notable when compared to the PAT of ₹11.64 lakhs as of March 31, 2021.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets in (₹ Lakhs)	26,379.12	27,703.56	15,992.29
Revenue (₹ Lakhs)	51,760.99	27,990.70	15,528.68
PAT (₹ Lakhs)	672.65	570.99	11.64
Total Borrowing (₹ Lakhs)	17,582.78	19,418.00	8,182.43

Petro Carbon and Chemicals IPO Quota allocation

Expected Listing Date for Petro Carbon and Chemicals IPO

Happy investing and thank you for reading!

Disclaimer: This website content is only for educational purposes, not investment advice. Before making any investment, it’s important to do your own research and be fully informed. Investing in the stock market includes risks, and you should carefully read the Risk Disclosure documents before proceeding. Please remember that past performance doesn’t guarantee future results, and due to market fluctuations, your investment goals may not always be achieved.