Petro Carbon and Chemicals Limited, an ATHA Group company is engaged in the production of calcined petroleum coke (CPC) for the carbon industry.
The company produces calcined petroleum coke, commonly known as CPC, from raw petroleum coke (RPC), also known as green petroleum coke, for use in the manufacture and production of aluminum, steel and various other carbon-based products.
The company’s production facility is located in Purba Medinipur, West Bengal, and has a capacity of around 93,744 tons of CPC per annum; the plant is spread over an area of around 30 acres.
The company employs around 74 people at various levels in the areas of production, maintenance, marketing, sales, administration and corporate services. In addition, the company employs around 290 contract workers at its current production facility.
Petro Carbon and Chemicals IPO – Details
| IPO Opening Date | 25 June 2024 |
| IPO Closing Date | 27 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 66,17,600 Shares Worth ₹113.16 Crore Fresh Issue: 66,17,600 Shares Worth ₹113.16 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹162 – ₹171 |
| Market Lot | 800 Shares |
| Min Order | 800 Shares (1 Lot ) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Petro Carbon and Chemicals IPO – Date Schedule
| IPO Open Date | 25 June 2024 |
| IPO Close Date | 27 June 2024 |
| Basis of Allotment | 28 June 2024 |
| Initiation of Refund | 01 July 2024 |
| Credit of Shares to Demat Account | 01 July 2024 |
| IPO Listing Date | 02 July 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 27, 2024 |
Petro Carbon and Chemicals IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 800 | ₹1,36,800 |
| Retail (Maximum) | 1 | 800 | ₹1,36,800 |
| HNI (Minimum) | 2 | 1600 | ₹2,73,600 |
Competitive Strengths
- Well positioned to capture the growth potential of the Indian carbon industry.
- Track record of growth and efficient operations.
- Strategic location of our plant provides us with competitive advantages.
- Strong track record of financial performance.
- Experienced senior management and large pools of skilled manpower.
Company Promoters
- Kishor Kumar Atha
- Dilip Kumar Atha
- Gaurav Atha
- Vishal Atha
- Bharat Atha
Object Of The Issue
- 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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 155.28 | 154.99 | 0.11 | 81.82 |
| 31 March 2022 | 279.92 | 271.61 | 5.70 | 194.18 |
| 31 March 2023 | 517.60 | 508.11 | 6.72 | 175.82 |
| 31 December 2023 | 447.11 | 346.75 | 70.31 | 80.63 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 60.36% |
| Debt/Equity | 0.54 |
| RoNW | 66.00% |
| Pre IPO | Post IPO | |
| EPS (Rs) | – | – |
| P/E (x) | – | – |
Petro Carbon and Chemicals IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Petro Carbon and Chemicals IPO Prospectus
Company Contact Information
| 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 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 Lead Manager(s)
| 1. GYR Capital Advisors Private Limited |
Petro Carbon and Chemicals IPO FAQs
| What is Petro Carbon and Chemicals IPO? Petro Carbon and Chemicals IPO is a SME IPO. The issue is priced at ₹162 – ₹171 per equity share. The IPO is to be listed on NSE SME. |
| When Petro Carbon and Chemicals IPO will open? The IPO is to open on 25 June 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to Petro Carbon and Chemicals IPO? You can apply for Petro Carbon and Chemicals IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Petro Carbon and Chemicals IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Petro Carbon and Chemicals”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Petro Carbon and Chemicals IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Petro Carbon and Chemicals”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Petro Carbon and Chemicals IPO Size? Petro Carbon and Chemicals IPO size is ₹113.16 crores. |
| What is Petro Carbon and Chemicals IPO Price Band? Petro Carbon and Chemicals IPO Price Band is ₹162 – ₹171. |
| What is Petro Carbon and Chemicals IPO Minimum and Maximum Lot Size? The minimum bid is 800 Shares with ₹1,36,800 amount while the maximum bid is 800 shares with ₹1,36,800. |
| What is the Petro Carbon and Chemicals IPO Allotment Date? Petro Carbon and Chemicals IPO allotment date is 28 June 2024. |
| What is the Petro Carbon and Chemicals IPO Listing Date? Petro Carbon and Chemicals IPO listing date is 02 July 2024. The IPO is to list on NSE SME. |
