Chemcon is a manufacturer of specialised chemicals mainly HMDS and CMIC which are predominantly used in pharma companies, and inorganic bromides, namely Calcium Bromide, Zinc Bromide and Sodium Bromide, which are predominantly used as completion fluids in the oilfields industry.
They have monopoly in manufacturing HMDS in India, the rest of market is dominated by chinese players, worldwide they are at no. 8 in HDMS manufacturing.
They are the largest manufacturer of CMIC in India and the second largest manufacturer of CMIC worldwide, in terms of production and capacity in calendar year 2018 (source: Frost & Sullivan Report).
Further, they are the only manufacturer of Zinc Bromide and the largest manufacturer of Calcium Bromide in India, in terms of production in calendar year 2018.
With export contribution of 32.23%in 2019, they export their products to countries including United States of America, People’s Republic of China, Japan, United Arab Emirates, Azerbaijan, Serbia, Russia and Malaysia.
The key customers of their Pharmaceutical Chemicals include Hetero Labs Limited, Laurus Labs Limited, Aurobindo Pharma Limited, IndSwift Laboratories Limited.
It has a manufacturing plant at Manjusar near Vadodara in Gujarat, 5 operational plants, 3 warehouses, and 2 leased warehouses.
Financial Summary (Fig in Cr.)
|Profit After Tax (PAT)||48.85||43.04||26.38|
Chemcon IPO Details
|Issue Dates||Sep 21 – Sep 23, 2020|
|Issue Size (Fresh Issue)||Rs. 165 Cr|
|Issue Size (Offer for Sale)||Rs. 153 Cr|
|Face Value||Rs. 10/- Per Share|
|Price Band||Rs. 338 – 340/- Per Share|
|Min Market Lot||44 Shares|
|Listing Platform||BSE, NSE|
|Min Investment Amt (Retail)||Rs. 14,960/-|
|Max Investment Amt (Retail)||Rs. 194,480/-|
Chemcon IPO Schedule
|Offer Start Date||Sep 21, 2020|
|Offer End Date||Sep 23, 2020|
|Finalisation of basis of allotment||Sep 28, 2020|
|Initiation of Refunds||Sep 29, 2020|
|Credit of shares to Demat A/c||Sep 30, 2020|
|Listing Date||Oct 01,2020|
Chemcon IPO Registrar
Link Intime India Pvt Ltd
C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (W) Mumbai 400 083 Maharashtra India
Phone: +91-22-4918 6270
Chemcon IPO Lead Manager(s)
Ambit Private Limited
Intensive Fiscal Services Private Limited