Petro Carbon and Chemicals IPO Details: Petro Carbon and Chemicals has announced the dates for its upcoming Initial Public Offering (IPO). The IPO is scheduled to commence on June 25 and will conclude on June 27. This NSE SME IPO aims to raise ₹113.16 crores. The price band for Petro Carbon and Chemicals IPO ranges from ₹162 to ₹171 per share, with a market lot size of 800 shares.
PCCL operates primarily on a business-to-business (B2B) model, focusing on supplying its flagship product, Calcined Petroleum Coke (CPC), to prominent entities including government aluminum manufacturers, graphite electrode producers, titanium dioxide manufacturers, as well as various users in the metallurgical, chemical, and steel industries. Notably, in 2018, the company was awarded the prestigious NALCO VIKRETA UTKARSH PURASKAR by the National Aluminium Company Limited, recognizing PCCL as their top POL supplier among all competitors.
Established in 1975, PCCL’s plant was initially engineered and laid out by Engineers India Limited. In 2008, the facility was acquired, refurbished, and modernized by the PCCL group. Over the past five years, the company has strategically focused on vertical integration, technological advancements, diversification, and forming strategic partnerships. These initiatives have significantly expanded operations and enhanced overall performance.
Calcined Petroleum Coke, derived from Raw Petroleum Coke (RPC), undergoes a calcining process that transforms green coke into a dense, pure carbon product with low hydrogen content, excellent electrical conductivity, and a defined structure. Its minimal metal and ash content make calcined petroleum coke the preferred material for manufacturing carbon anodes used in the electrolytic smelting process for producing aluminum from alumina.
Petro Carbon and Chemicals IPO Objectives:
The objectives of the Offer are to:
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
- Carry out the Offer for Sale of up to Equity Shares by the Selling Shareholders.
Petro Carbon and Chemicals IPO Review (Apply or Not)
- Update Soon
Petro Carbon and Chemicals IPO Date & Price Band Details:
| IPO Open: | June 25, 2024 |
| IPO Close: | June 27, 2024 |
| IPO Size: | Approx ₹113.16 Crores, 6,617,600 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹162 to ₹171 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Petro Carbon and Chemicals IPO Lot Size:
The Petro Carbon and Chemicals IPO requires a minimum market lot of 800 shares, which corresponds to an application amount of ₹136,800.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 800 | ₹136,800 |
| Retail Maximum | 1 | 800 | ₹136,800 |
| S-HNI Minimum | 2 | 1600 | ₹273,600 |
Petro Carbon and Chemicals IPO Timeline:
The Petro Carbon and Chemicals IPO is scheduled to open on June 25 and will close on June 27. The allotment date for the IPO is set for June 28, with a tentative listing date on July 2.
| IPO Open Date: | June 25, 2024 |
| IPO Close Date: | June 27, 2024 |
| Basis of Allotment: | June 28, 2024 |
| Refunds: | July 1, 2024 |
| Credit to Demat Account: | July 1, 2024 |
| IPO Listing Date: | July 2, 2024 |
Petro Carbon and Chemicals IPO GMP Today:
The last Grey Market Premium (GMP) for Petro Carbon and Chemicals SME IPO is ₹100. With the IPO’s price band set at ₹171.00, the estimated listing price for Petro Carbon and Chemicals SME IPO would be ₹271.00 (cap price ₹171.00 + today’s GMP ₹100.00). This suggests an expected percentage gain per share of 58.48%.
Petro Carbon and Chemicals Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹155.29 | ₹154.100 | ₹0.12 |
| 2022 | ₹279.93 | ₹271.61 | ₹5.71 |
| 2023 | ₹517.61 | ₹508.11 | ₹6.73 |
| September 2023 | ₹351.98 | ₹280.46 | ₹50.29 |
Petro Carbon and Chemicals IPO Valuation – FY2023
Check Petro Carbon and Chemicals IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.59 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 17.92% |
| Net Asset Value (NAV): | ₹14.43 per Equity Share |
Peer Group
- Goa Carbon Limited
- India Carbon Limited
Company Promoters
- Kishor Kumar Atha
- Dilip Kumar Atha
- Gaurav Atha
- Vishal Atha
- Bharat Atha
Petro Carbon and Chemicals IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Petro Carbon and Chemicals IPO Allotment Status
Check Petro Carbon and Chemicals IPO allotment status on Bigshare website URL. Click Here
Petro Carbon and Chemicals IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Company Address
Petro Carbon and Chemicals Limited
Avani Signature, 6th Floor,
91A/1, Park Street,
Kolkata – 700016
Phone: 033-40118400
Email: pccl@athagroup.in
Website: http://www.pccl.in/
Petro Carbon and Chemicals IPO FAQs
1. What is the IPO date for Petro Carbon and Chemicals? Petro Carbon and Chemicals IPO is scheduled to open on June 25 and close on June 27, 2024.
2. What is the price band for Petro Carbon and Chemicals IPO? The price band for Petro Carbon and Chemicals IPO is set at ₹162 to ₹171 per share.
3. What is the minimum market lot for applying to Petro Carbon and Chemicals IPO? The minimum market lot size for Petro Carbon and Chemicals IPO is 800 shares.
4. What is the application amount for the minimum market lot in Petro Carbon and Chemicals IPO? For the minimum market lot of 800 shares, the application amount is ₹136,800.
5. When will the Petro Carbon and Chemicals IPO allotment be finalized? The allotment date for Petro Carbon and Chemicals IPO is scheduled for June 28, 2024.
6. When is the expected listing date for Petro Carbon and Chemicals IPO? Petro Carbon and Chemicals IPO is expected to be listed on the stock exchange around July 2, 2024.
7. What is the estimated listing price of Petro Carbon and Chemicals IPO? Based on the last Grey Market Premium (GMP) of ₹100, the estimated listing price for Petro Carbon and Chemicals IPO is ₹271, which represents a potential gain of approximately 58.48% over the upper price band.
8. What business does Petro Carbon and Chemicals operate in? Petro Carbon and Chemicals primarily operates on a B2B model, supplying Calcined Petroleum Coke (CPC) to industries such as aluminum manufacturing, graphite electrodes, titanium dioxide production, and other metallurgical and chemical sectors.
9. What are the notable achievements of Petro Carbon and Chemicals? In 2018, Petro Carbon and Chemicals was awarded the prestigious NALCO VIKRETA UTKARSH PURASKAR by the National Aluminium Company Limited, recognizing its excellence as a supplier of Petroleum, Oil, and Lubricants (POL).
10. How long has Petro Carbon and Chemicals been in operation? Petro Carbon and Chemicals’ plant has been operational since 1975, with significant upgrades and modernization completed in 2008 to enhance its production capabilities.
