Patel Chem Specialities Ltd IPO
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Patel Chem Specialities Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 70 L | TBA | TBA | ₹ 170 L | BSE | ₹ 58.8 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 25 Jul, 25 | 29 Jul, 25 | 1600 | ₹ 1,31,200 | Book Building - SME | 01 Aug, 25 |
Patel Chem Specialities Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Chemicals |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 7000000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Patel Chem Specialities Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 11.03 | 4.71 | 3.93 |
| EBITDA | 11.69 | 5.27 | 4.35 |
| PAT | 7.66 | 2.89 | 2.28 |
| Total Assets | 27.32 | 23.07 | 12.51 |
| Share Capital | 1.00 | 1.00 | 1.00 |
| Total Borrowings | 5.24 | 4.23 | 2.59 |
| Operating Activities (Net Cash) | 8.32 | 3.45 | 2.70 |
| Investing Activities (Net Cash) | -2.38 | 0.08 | 0.08 |
| Financing Activities (Net Cash) | 5.24 | 4.23 | 2.59 |
| Net Cashflow | 0.52 | 0.06 | 0.56 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Patel Chem Specialities Ltd
Our Company was incorporated as a private limited company under the Companies Act, 1956 in the name and style of Patel Chem Specialities Private Limited bearing Certificate of Incorporation Number U24100GJ2008PTC054305 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli, dated June 25, 2008. Further, our Company was converted into a Public Limited Company in pursuance of a special resolution passed by the members of our Company at the Extra-Ordinary General Meeting held on July 4, 2024 and the name of our Company changed from Patel Chem Specialities Private Limited to Patel Chem Specialities Limited and Registrar of Companies, Central Processing Centre issued a new certificate of incorporation consequent upon conversion dated August 29, 2024. As on date of this Red Herring Prospectus, the Corporate Identity Number of our Company is U24100GJ2008PLC054305.
Our Company is engaged in the manufacturing of Carboxymethyl Cellulose Sodium (Sodium CMC), Microcrystalline Cellulose (MCC), Carboxymethyl Cellulose Calcium (Calcium CMC), Croscarmellose Sodium (CCS), Sodium Starch Glycolate (SSG), and Sodium Monochloro Acetate (SMCA). Our Company operate in chemicals industry.
Our Company operates in the field of specialty chemicals, particularly focusing on the production of cellulose-based excipients. We manufacture a diverse range of products that are critical to various industries, including pharmaceuticals, food & beverages, cosmetics, and numerous industrial applications. These chemicals are fundamental in the formulation of essential products such as tablets, food additives, personal care items, and industrial formulations. Our products play vital roles as binders, disintegrants, thickeners, stabilizers, and gelling agents, each serving a specialized function across multiple sectors.
Peer Comparison:
- Patel Chem Specialities Limited
- Accent Microcell Limited
- Sigachi Industries Limited
Patel Chem Specialities Ltd IPO Key Points
Strengths
- Product Portfolio.
- Experienced Promoter and Management group.
- Global Presence.
- Diversified customer base.
- Continuous innovation and quality consistency.
Risk
- We do not have long-term agreements with our suppliers for raw materials and an inability to procure the desired quality, quantity of our raw materials in a timely manner and at reasonable costs, or at all, may have a negative impact on our business, results of operations, financial condition and cash flows.
- Majority of our domestic purchases and imports for the last 3 Financial Years and stub period is dependent on few states and single country. Any loss of business from any of these states and country may adversely affect our ability to procure our raw materials in time to meet our customers needs.
- Majority of our domestic sales for the last 3 Financial Years and stub period is dependent on few states. Any loss of business from any of these states may adversely affect our revenues and profitability.
Strategy
- Establishing New Facility to meet the rising demand for CCS, SSG, CMC and Calcium.
- Increasing our Global presence.
- Developing New Products.
- Product Portfolio.
- Experienced Promoter and Management group.
- Global Presence.
- Diversified customer base.
- Continuous innovation and quality consistency.
How To Apply for Patel Chem Specialities Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
