The date for Petro Carbon and Chemicals IPO has been set. The IPO will open on June 25 and close on June 27. This is an NSE SME IPO aiming to raise ₹113.16 crores. The price band for the IPO is set at ₹162 to ₹171 per share, with a market lot of 800 shares.
PCCL’s business model is primarily B2B, supplying their core product, Calcined Petroleum Coke (CPC), to prominent aluminum manufacturing government companies, graphite electrode and titanium dioxide manufacturers, as well as other users in the metallurgical, chemical, and steel industries. In 2018, PCCL received the prestigious NALCO VIKRETA UTKARSH PURASKAR from the National Aluminium Company Limited, recognizing them as the top supplier of Petroleum, Oil, and Lubricants (POL).
PCCL’s plant has been operational since 1975, with detailed engineering and layout by Engineers India Limited. The plant was acquired, revamped, and upgraded by their group in 2008. Over the past five years, the group has focused on Vertical Integration, Technological Innovation, Diversification, and strategic partnerships, leading to operational expansion and excellence, and significantly enhancing overall performance.
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Calcined Petroleum Coke (CPC) is produced from Raw Petroleum Coke (RPC), also known as Green Petroleum Coke. The calcining process converts green coke into hard, dense, and almost pure carbon with low hydrogen content, good electrical conductivity, and a defined structure. These properties, along with low metals and ash content, make CPC the best material for making carbon anodes for smelting alumina to aluminum in the electrolytic smelting process.
Objectives of the Issue
Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Carry out the Offer for Sale of up to Equity Shares by the Selling Shareholders.
Petro Carbon and Chemicals IPO Review
To be updated soon.
Petro Carbon and Chemicals IPO Date
| 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 |
Petro Carbon and Chemicals IPO Market Lot
The minimum market lot for the Petro Carbon and Chemicals IPO is 800 shares, with an application amount of ₹136,800.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 800 | ₹ 1,36,800 |
| Retail Maximum | 1 | 800 | ₹ 1,36,800 |
| S-HNI Minimum | 2 | 1600 | ₹ 2,73,600 |
Petro Carbon and Chemicals IPO Dates
The Petro Carbon and Chemicals IPO will open on June 25 and close on June 27. The allotment date is set for June 28, and the IPO is expected to be listed 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 Limited Financial Information (Restated Standalone)
| Amount in ₹ Lakhs | ||||
| Period Ended | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 27,432.35 | 26,379.12 | 27,703.56 | 15,992.29 |
| Revenue | 44,711.11 | 51,760.99 | 27,990.70 | 15,528.68 |
| Profit After Tax | 7,031.16 | 672.65 | 570.99 | 11.64 |
| Net Worth | 10,653.34 | 3,752.81 | 3,080.17 | 2,509.17 |
| Reserves and Surplus | 12,528.21 | 5,561.06 | 4,973.20 | 4,489.97 |
| Total Borrowing | 8,063.02 | 17,582.78 | 19,418.00 | 8,182.43 |
Key Performance Indicator
| KPI as of December 31, 2023. | |
| KPI | Values |
| ROCE | 60.36% |
| Debt/Equity | 0.54 |
| RoNW | 66.00% |
| PAT Margin (%) | 15.78 |
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 Limited Contact Details
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/
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 Lead Managers (Merchant Bankers)
GYR Capital Advisors Private Limited
Petro Carbon and Chemicals IPO FAQs
What is Petro Carbon and Chemicals IPO?
Petro Carbon and Chemicals IPO is an NSE SME IPO aimed at raising ₹113.16 crores, with an issue price of ₹162 to ₹171 per equity share. The IPO will be listed on NSE.
When will the Petro Carbon and Chemicals IPO open?
The IPO will open on June 25, 2024, for QIB, NII, and Retail Investors.
What is the investor allocation for Petro Carbon and Chemicals IPO?
The allocation is 50% for QIB, 15% for NII, and 35% for Retail.
How to apply for the Petro Carbon and Chemicals IPO?
You can apply via ASBA online through your bank account or via UPI through your stock brokers. You can also fill up an offline form through your stock brokers.
How to apply for the Petro Carbon and Chemicals IPO through Zerodha?
Log in to Console on the Zerodha website or app. Go to Portfolio and click on IPO. Select “Petro Carbon and Chemicals” and click on the Bid button. Enter your UPI ID, Quantity, and Price, then submit the IPO Application Form. Approve the mandate in your UPI App.
How to apply for the Petro Carbon and Chemicals IPO through Upstox?
Log in to the Upstox app. Select the IPO and choose “Petro Carbon and Chemicals”. Click on the Bid button, confirm your application, and approve the mandate in your UPI App.
How to apply for the Petro Carbon and Chemicals IPO through Paytm Money?
Log in to the Paytm Money app. Select the IPO and choose “Petro Carbon and Chemicals”. Click on the Bid button, confirm your application, and approve the mandate in your UPI App.
What is the size of the Petro Carbon and Chemicals IPO?
The IPO size is ₹113.16 crores.
What is the price band for the Petro Carbon and Chemicals IPO?
The price band is ₹162 to ₹171 per equity share.
What is the minimum and maximum lot size for the Petro Carbon and Chemicals IPO?
The minimum lot size is 800 shares, amounting to ₹136,800.
What is the allotment date for the Petro Carbon and Chemicals IPO?
The allotment date is June 28, 2024.
