Rite Zone Chemcon India deal in wide range of construction chemicals and concrete products. The company is ISO 9001:2015 certified. The company offer complete construction solution by supplying a complete range of various chemical products related to civil construction, infrastructure, building & structure including pre-construction or post construction as well supplying all types of concrete required for construction and infrastructure developments.
Rite Zone Chemcon India range of products includes Concrete Admixture, Water Proofing Systems, Concrete Lubricator, Engineering Grouts, Industrial Flooring, Concrete Repairs, Curing Compound & Mould Release Agent, Surface Treatment, Tiling & Block Products.
Rite Zone Chemcon India Company also deal in range of concrete products such as slump concrete, flowable concrete, self-compaction concrete (SCC), Light Weight Concrete, Stamp Concrete, Color Concrete, PQC Concrete, Early Strength Concrete, Reinforce Concrete, Shotcrete Concrete, Precast Concrete, Pile Concrete, Air Entrench Concrete, Prestressed Concrete, High Strength Concrete etc.
The Company tied up with three concrete manufacturers in Maharashtra for production of concrete. Majority of these manufacturers are located on the outskirts of Mumbai city, which enables continuous and smooth supply of concrete to overall Mumbai, Navi Mumbai and Thane city.
Competitive Strengths
- Experienced Management team having domain knowledge to scale up and expand into new opportunities.
- Wide product portfolio addressing the needs of varied customers across the industry.
- Dedicated technical & functional team to provide solutions to their customers.
- Extensive Sales and distribution network.
- Experience of handling large & complex projects.
- Multi-year relationships with most customers.
- Improving operational efficiency.
Company Promoters
- Mr. Bhavesh Bhandari
- Mrs. Arti Bhandari
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 574.77 | 554.68 | 15.89 |
| 31 March 2021 | 384.21 | 383.25 | 0.69 |
| 31 March 2022 | 565.73 | 511.88 | 26.20 |
Object Of The Issue
- To part finance the Working Capital Requirements;
- General Corporate Purposes; and
- To meet Issue Expenses.
Rite Zone Chemcon India IPO – Details
| IPO Opening Date | 31 October 2022 |
| IPO Closing Date | 02 November 2022 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | ₹8.96 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹75 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Limited |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Rite Zone Chemcon India IPO – Date Schedule
| IPO Open Date | 31 October 2022 |
| IPO Close Date | 02 November 2022 |
| Basis of Allotment Date | 07 November 2022 |
| Initiation of Refunds | 09 November 2022 |
| Credit of Shares to Demat Account | 10 November 2022 |
| IPO Listing Date | 11 November 2022 |
Rite Zone Chemcon India IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 1600 | 1,20,000 |
| Maximum | 1 | 1600 | 1,20,000 |
Rite Zone Chemcon India IPO Promoter Holding
| Pre Issue Share Holding | 58.39% |
| Post Issue Share Holding |
Rite Zone Chemcon India IPO Prospectus
Company Contact Information
| Rite Zone Chemcon India Limited Row House 11, Beverly Park, Row House CHS Ltd Mira Road Thane- 401107 Phone: +91 22 6884 9680 Email: cs@ritezone.in Website: www.ritezone.in |
Rite Zone Chemcon India IPO Registrar
| Skyline Financial Services Private Limited D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi – 110020, India Phone: 011-40450193-197 Email: ipo@skylinerta.com Website: www.skylinerta.com |
Rite Zone Chemcon India IPO Lead Manager(s)
| 1. Expert Global Consultants Private Limited |
Rite Zone Chemcon India IPO FAQs
| What is Rite Zone Chemcon India IPO? Rite Zone Chemcon India IPO is a SME IPO. The issue is priced at ₹75 per equity share. The IPO is to be listed on NSE SME. |
| When Rite Zone Chemcon India IPO will open? The IPO is to open on 31 October 2022 for NII and Retail Investors. |
| What is Rite Zone Chemcon India IPO Investors Portion? The investors’ portion for NII-50%, and Retail 50%. |
| How to Rite Zone Chemcon India IPO? You can apply Rite Zone Chemcon India 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 Rite Zone Chemcon India IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Rite Zone Chemcon India”. Click on 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 Angle One. |
| How to Apply the Rite Zone Chemcon India IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Rite Zone Chemcon India”. Click on 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 5 Paisa. |
| How to Apply the Rite Zone Chemcon India IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Rite Zone Chemcon India”. Click on 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 Upstox. |
| How to Apply the Rite Zone Chemcon India IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Rite Zone Chemcon India”. Click on 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 IIFL. |
| What is Rite Zone Chemcon India IPO Size? Rite Zone Chemcon India IPO size is ₹8.96 crores. |
| What is Rite Zone Chemcon India IPO Price Band? Rite Zone Chemcon India IPO Price Band is ₹75. |
| What is Rite Zone Chemcon India IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,20,000 amount while the maximum bid is 1600 shares with ₹1,20,000. |
| What is the Rite Zone Chemcon India IPO Allotment Date? Rite Zone Chemcon India IPO allotment date is 07 November 2022. |
| What is the Rite Zone Chemcon India IPO Listing Date? Rite Zone Chemcon India IPO listing date is 11 November 2022. The IPO is to list on NSE SME. |
