Petro Carbon and Chemicals IPO Details Today : Petro Carbon and Chemicals IPO Details Today is Open on 25 June 2024 and Close on 27 June 2024. Petro Carbon and Chemicals IPO to Raise 6,617,600 shares (Approx ₹113.16 Cr) via IPO. The Fresh issue of 6,617,600 shares (Approx ₹113.16 Cr).
Our Company was incorporated on November 05, 2007 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. 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, our 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. Calcined Petroleum Coke commonly known as CPC is produced from Raw Petroleum Coke (RPC) also called the Green Petroleum Coke.
The result of the calcining process is converting green coke to hard, dense and almost pure carbon with low hydrogen content, good electrical conductivity and a defined structure. These properties alongwith low metals and ash contents make calcined petroleum coke the best material currently available for making carbon anodes for smelting of alumina to aluminium in the electrolytic smelting process.
Calcined Petroleum Coke (CPC) holds significant importance in the manufacturing of aluminium, and is also utilised in the production of steel and various other carbon-based products. It is widely used in aluminium industry, titanium dioxide industry, electrode manufacturing industry, foundry industry, glass industry metallurgical and chemical industry, steel industry and Carbon Paste etc.
The Plant has a capacity of approximately 93,744 tons per annum of CPC and the plant comprises an area of around 30 acres with good infrastructure facilities like own railway sliding inside the plant premises itself facilitating unloading / loading of wagons, along with yard / shed to store both Raw Petroleum Coke (RPC) / Calcined Petroleum Coke (CPC).
Petro Carbon and Chemicals IPO Date & Price Band Details
| IPO Open Date | 25 June 2024 |
|---|---|
| IPO Close Date | 27 June 2024 |
| IPO Size | 6,617,600 shares (Approx ₹113.16 Cr) |
| Fresh Issue | 6,617,600 shares (Approx ₹113.16 Cr) |
| Lot Size | 800 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹171 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Petro Carbon and Chemicals IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 800 | ₹136,800 |
| Retail Maximum | 1 | 800 | ₹136,800 |
| S-HNI Minimum | 2 | 1600 | ₹273,600 |
Object 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 Allotment & Listings (Details)
| IPO Open Date | 25 June 2024 |
|---|---|
| IPO Close Date | 27 June 2024 |
| Basis of Allotment | 28 June 2024 |
| Refunds | 1 July 2024 |
| Credit to Demat Account | 1 July 2024 |
| IPO Listing Date | 2 July 2024 |
Petro Carbon and Chemicals Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| Sept 2023 | ₹351.98 | ₹280.46 | ₹50.29 |
| 2023 | ₹517.61 | ₹508.11 | ₹6.73 |
| 2022 | ₹279.93 | ₹271.61 | ₹5.71 |
| 2021 | ₹155.29 | ₹154.00 | ₹0.12 |
Our Company Promoters
- Kishor Kumar Atha
- Dilip Kumar Atha
- Gaurav Atha
- Vishal Atha
- Bharat Atha
Qualitative Factors
- 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.
Petro Carbon and Chemicals Comparison Listed Industry Peers Group
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV Per | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|---|
| Petro Carbon and Chemicals | 10.00 | 2.59 | [.] | 17.92% | 14.43 | 51,760.99 |
| Peer Group | ||||||
| Goa Carbon Limited | 10.00 | 88.24 | 8.11 | 58.00% | 130.82 | 1,37,695.04 |
| India Carbon Limited | 10.00 | 90.28 | 13.85 | 6.14% | 1637.97 | 57,627.02 |
Comparison of accounting ratios with listed industry peers
- Goa Carbon Limited
- India Carbon Limited
Petro Carbon and Chemicals Company Contact Details
Avani Signature, 6th Floor, 91A/1,
Park Street, Kolkata, West Bengal, India, 700016
Telephone: 033-40118400
E-mail: pccl@athagroup.in
Investor grievance id: investorgrievance.pccl@athagroup.in
Website: www.pccl.in
Petro Carbon and Chemicals IPO Registrar
Bigshare Services Private Limited
Office No. 56-2, 6th Floor, Pinnacle Business Park, Next to Ahura
Center, Mahakali Caves Road, Andheri East, Mumbai-400 093,
Maharashtra, India.
Tel: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Contact Person: Mr. Vinayak Morbale
