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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.
Petro Carbon and Chemicals IPO GMP
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
- QIB Investor: 50% of the net issue
- Retail Investor: 35% of the net issue
- NII (HNI) Investor: 15% of the net issue
Expected Listing Date for Petro Carbon and Chemicals IPO
- Subscription Period: 25 June to 27 June
- Basis of Allotment Finalization: 28 June 2024
- Initiation of Refunds: 1 July 2024
- Demat Credits: 1 July 2024
- Listing Date: 2 July 2024
- Listing on: NSE SME
