Petro Carbon & Chemicals Ltd IPO

Petro Carbon and Chemicals Limited (PCCL) is a ATHA Group (the Group) Company engaged in the business of manufacturing and marketing of Calcined Petroleum Coke (CPC) in the carbon industry. Atha Group is a multi- product, multi-technology, multi-location business conglomerate. It is a 70 year old diversified Indian business house headquartered in Kolkata. The Company was founded by Mr. Kishor Kumar Atha in the year 1957 in Odisha as a Mining and Minerals company. Since the last decade, the group has been focusing towards its growth strategy of business diversification, forward and backward integrations and acquisition of projects, which has significantly helped the group maintain consistency in performance and growth. PCCL's business model is fundamentally a B2B model wherein we majorly supply our end product CPC, to the renowned, aluminum manufacturing government companies, graphite electrodes and titanium dioxide manufacturers as well as other users in the metallurgical, chemical industries and other steel manufacturing companies. In 2018, the company was honoured with the prestigious NALCO VIKRETA UTKARSH PURASKAR, recognizing us as the top supplier among all the suppliers of POL (Petroleum, Oil, and Lubricants) by the National Aluminium Company Limited.

Open Demat Account

50years

Petro Carbon & Chemicals Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
66.18 L66.18 L21.66 L247 LNSE₹ 113.16 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
25 Jun, 2427 Jun, 24800 ₹ 1,29,600 Book Building - SME02 Jul, 24

Petro Carbon & Chemicals Ltd IPO Dates

  • 25 Jun 2024

    Opening date

  • 27 Jun 2024

    Closing date

  • 28 Jun 2024

    Basis of
    Allotment

  • 01 Jul 2024

    Initiation of
    Refunds

  • 01 Jul 2024

    Credit of
    Shares

  • 02 Jul 2024

    Listing date

Details

SectorType
SectorChemicals
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB37.8x3092000116869600
NII130.4x928800121112800
Retail74.43x2166400161240000
Employee0x00
Total60.33x6617600399222400

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)FY23FY22FY21
Revenue from operations11.289.130.91
EBITDA13.0610.211.57
PAT6.735.710.45
Total Assets157.43179.1490.19
Share Capital26.0026.0026.00
Total Borrowings126.68152.7048.01
Operating Activities (Net Cash)8.516.791.11
Investing Activities (Net Cash)3.036.98-6.29
Financing Activities (Net Cash)126.68152.7048.01
Net Cashflow38.0416.372.67

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.

Get your FAQs right

Petro Carbon & Chemicals Ltd's IPO offers shares for up to ₹ TBA It begins on Jun 25, 2024 and ends on Jun 27, 2024.

The price of Petro Carbon & Chemicals Ltd IPO ranges between ₹162 to ₹171 per share.

The Petro Carbon & Chemicals Ltd IPO opens on Jun 25, 2024 and closes on Jun 27, 2024.

The allotment for the Petro Carbon & Chemicals Ltd IPO will be finalised on Jun 28, 2024. The shares will be listed on BSE and NSE on Jul 2, 2024.

The minimum lot size for Petro Carbon & Chemicals Ltd IPO is 800 shares, priced between ₹162 to ₹171 per share.

The GMP (Grey Market Premium) of Petro Carbon & Chemicals Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Petro Carbon & Chemicals Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Petro Carbon & Chemicals Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jun 25, 2024, and closes on Jun 27, 2024. The allotment is finalised on Jun 28, 2024.

To apply for the Petro Carbon & Chemicals Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.