Petro Carbon & Chemicals Ltd IPO
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Petro Carbon & Chemicals Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| 66.18 L | 66.18 L | 21.66 L | 247 L | NSE | ₹ 113.16 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 25 Jun, 24 | 27 Jun, 24 | 800 | ₹ 1,29,600 | Book Building - SME | 02 Jul, 24 |
Petro Carbon & Chemicals Ltd IPO Details
Petro Carbon & Chemicals 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 | 37.8x | 3092000 | 116869600 |
| NII | 130.4x | 928800 | 121112800 |
| Retail | 74.43x | 2166400 | 161240000 |
| Employee | 0x | 0 | 0 |
| Total | 60.33x | 6617600 | 399222400 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Petro Carbon & Chemicals Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 11.28 | 9.13 | 0.91 |
| EBITDA | 13.06 | 10.21 | 1.57 |
| PAT | 6.73 | 5.71 | 0.45 |
| Total Assets | 157.43 | 179.14 | 90.19 |
| Share Capital | 26.00 | 26.00 | 26.00 |
| Total Borrowings | 126.68 | 152.70 | 48.01 |
| Operating Activities (Net Cash) | 8.51 | 6.79 | 1.11 |
| Investing Activities (Net Cash) | 3.03 | 6.98 | -6.29 |
| Financing Activities (Net Cash) | 126.68 | 152.70 | 48.01 |
| Net Cashflow | 38.04 | 16.37 | 2.67 |
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 Petro Carbon & Chemicals Ltd
Petro Carbon and Chemicals Limited was incorporated as `Petro Carbon and Chemicals Private Limited' in Kolkata, West Bengal as a private limited company under Companies Act, 1956, pursuant to a certificate of incorporation dated November 05, 2007 Issued by Deputy Registrar of Companies, West Bengal. Thereafter, the Company was converted from a private limited company to a public limited company pursuant to a special resolution passed in the extraordinary general meeting of its Shareholders held on January 09, 2024, and consequently, the name of the Company was changed to Petro Carbon and Chemicals Limited, and a fresh certificate of incorporation dated February 23, 2024 was Issued by the RoC to the Company.
In recent years, India is emerging as one of the competitive and high-quality manufacturing destinations in the global market, attracting foreign investments. Presently, India's chemical and petrochemical (CPC) industry holds a significant position in the world market, worth US$ 178 billion, and it is expected to grow to about US$ 300 billion by 2025.The strategic geographical location of India has enabled the country to maintain its key position in the international market. Calcined petroleum coke (CPC) is one of the major raw materials for the Aluminium Industry. CPC is used for fabrication of anodes used in the aluminum electrolysis process. Calcined Petroleum Coke (CPC) has been in use for more than 120 years to produce the carbon anodes used in the Hall-Heroult Aluminium electrolysis process. Performance of the anodes in the aluminium electrolysis process depends on many properties of CPC.
Peer Comparison:
- Goa Carbon Ltd
- India Carbon Ltd
Petro Carbon & Chemicals Ltd IPO Key Points
Strengths
- Well positioned to capture the growth potential of the Indian carbon industry.
- Track record of growth and efficient operations.
- Strategic location of its plant provides it with competitive advantages.
- Strong track record of financial performance.
- Experienced senior management and large pools of skilled manpower.
Risk
- The Promoter Selling Shareholders, will receive the entire proceeds from the Offer for Sale. The Company will not receive or benefit from any proceeds from the Offer for Sale.
- The company depends on the success of its relationships with its customers. The company revenue is generated from certain of its key customers, and the loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for its products could adversely affect the company's business, results of operations, financial condition and cash flows.
- The Company derives a substantial portion of its revenues from sales of aluminium and steel industry and has a single product CPC.
Strategy
- Adopt Environment friendly technologies.
- More focus on Research & Development.
- Well positioned to capture the growth potential of the Indian carbon industry.
- Track record of growth and efficient operations.
- Strategic location of its plant provides it with competitive advantages.
- Strong track record of financial performance.
- Experienced senior management and large pools of skilled manpower.
How To Apply for Petro Carbon & Chemicals Ltd 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.
