Petro Carbon and Chemicals IPO: Things to Know Before Investing

Petro Carbon and Chemicals  IPO is open for subscription starting Tuesday, June 25, 2024, and closing on Thursday, June 27, 2024. This upcoming IPO's price is Rs 162 to 171 per share. The minimum lot size set for the retail category is 800 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 1600 shares. The minimum investment required for retail category investors is Rs 1,36,800 (171 x 800 shares). However, for the HNI category, the minimum investment amount required is Rs 2,73,600 (171x 1600 shares). Petro Carbon and Chemicals IPO is a book-built issue of Rs 113.16 crores. This upcoming IPO is entirely an offer for sale of Rs 66.18 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, June 28, 2024. Petro Carbon and Chemicals  IPO will be listed on the NSE SME segment, and the listing date is fixed on Tuesday, July 2, 2024. The book-running lead manager of Petro Carbon and Chemicals  IPO is GYR Capital Advisors Private Limited. The registrar for this IPO is Bigshare Services Private Limited.

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About Petro Carbon and Chemicals Limited

Petro Carbon and Chemical Limited is ATHA group company founded in 2007, is engaged in producing calcined petroleum coke for the carbon industry. The company produces calcined petroleum coke, commonly known as CPC, from raw petroleum coke also known as green petroleum coke, for use in the manufacture and production of aluminium, steel and various other carbon-based products. Petro Carbon and Chemical Limited production facility is located in Purba Medinipur, West Bengal, and has a capacity of around 93,744 tons of CPC per annum, the plant is spread over an area of around 30 acres. They had team members of around 74 people in the various levels in areas of production, marketing, maintenance, sales administration and corporate services. In addition to this, the company employs around 290 contract workers at its current production facility. 

Objectives of Carbon and Chemicals IPO

The objective of this IPO issue is to get the listing benefits from the stock exchange. To carry out the offer for sale of the equity shares from the selling shareholders.

Financials of Petro Carbon and Chemicals Limited (Amt in Rs Lakhs)

Petro Carbon and Chemicals posted revenue of Rs 35,197.68 lakhs and net profit of Rs 5,028.58 lakhs for the period ending on 30 Sep 2023. Earlier, in the period ending on 31 March 2023, the firm reported a revenue of Rs 51,760.99 lakhs and PAT of Rs 672.65 lakhs. The company’s revenue increased by 84.92% and PAT increased by 17.8% between the FY ending on 31st Mar 2023 and 31st March 2022. 

Other Important Details of Petro Carbon and Chemicals IPO

Time-Table of Petro Carbon and Chemicals IPO

Lot Size of Petro Carbon and Chemicals IPO

IPO Reservation of Petro Carbon and Chemicals Limited

Promoters of Petro Carbon and Chemicals Limited and Their Holdings

The promoters of Petro Carbon and Chemicals company are Kishor Kumar Atha, Dilip Kumar Atha, Gaurav Atha, Vishal Atha and Bharat Atha.

Lead Manager(s) of Petro Carbon and Chemicals IPO

The lead manager for Petro Carbon and Chemicals IPO is GYR Capital Advisors Private Limited.

How do you apply for the Petro Carbon and Chemicals IPO?

Wait for the public issue to open for subscription, then click here to apply for the Petro Carbon and Chemicals Limited IPO with Bigul.

How do you check the allotment status of Petro Carbon and Chemicals IPO?

Bigshare Services Private Limited is the registrar for Petro Carbon and Chemicals IPO. To check your allotment status, please click here.

FAQs

1. What are the details of the Petro Carbon and Chemicals IPO?

Petro Carbon and Chemicals IPO is a book-built issue of Rs 113.16 crores. This upcoming IPO is entirely an offer for sale of Rs 66.18 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, June 28, 2024. 

2. Who are the lead managers for the Petro Carbon and Chemicals Limited IPO?

GYR Capital Advisors Private Limited is appointed as the lead manager for the IPO.

3. What is the role of Bigshare Services Private Limited in this IPO?

Bigshare Services Private Limited is the registrar for Petro Carbon and Chemicals Limited, handling the IPO's administrative aspects.

4. How can I apply for the Petro Carbon and Chemicals IPO?

The public subscription of this new IPO will open on June 25, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The objective of this IPO issue is to get the listing benefits from the stock exchange. To carry out the offer for sale of the equity shares from the selling shareholders.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Petro Carbon and Chemicals Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of Petro Carbon and Chemicals Limited?

Petro Carbon and Chemicals posted revenue of Rs 35,197.68 lakhs and net profit of Rs 5,028.58 lakhs for the period ending on 30 Sep 2023. The company’s revenue increased by 84.92% and PAT increased by 17.8% between the FY ending on 31st Mar 2023 and 31st March 2022. 

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