Petro Carbon and Chemicals IPO

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25th – 27th Jun 2024
02 Jul 2024
₹162 – ₹171
800 shares (₹136800)
113cr

Schedule

Issue open date 25 Jun 2024
Issue close date 27 Jun 2024
UPI mandate deadline 27 Jun 2024 (5 PM)
Allotment finalization 28 Jun 2024
Refund initiation 01 Jul 2024
Share credit 01 Jul 2024
Listing date 02 Jul 2024
Mandate end date 12 Jul 2024
Lock-in end date for anchor investors (50%) 30 Jul 2024
Lock-in end date for anchor investors (remaining) 26 Sep 2024

About

Petro Carbon and Chemicals’ IPO launches on June 25, 2024, with subscriptions closing on June 27, 2024. Established in 2007, the company is part of the ATHA Group, a diversified Indian business house headquartered in Kolkata. The company is engaged in the manufacturing and marketing of Calcined Petroleum Coke (CPC), primarily supplying aluminum manufacturers, graphite electrode producers, and other industries such as metallurgical, chemical, and steel. The manufacturing facility situated in Haldia, West Bengal, is capable of producing around 93,744 tons of CPC annually. Encompassing over 30 acres, the facility is equipped with specialized railway siding for streamlined logistics.

Funds Raised in the IPO Amount
Overall ₹113.16 crores
Fresh Issue ₹113.16 crores
Offer for sale

Financial Snapshot

Financial Year Ended March 2021 March 2022 March 2023 December 2023
Total Assets 159.92 277.83 263.78 274.32
Revenue 155.28 279.93 517.61 447.11
Profit After Tax 0.12 5.71 6.72 70.31
EPS 0.04 2.20 2.59 27.54

*All figures except EPS are in ₹ Crores

Risk factors

  • Dependency on Aluminium and Steel Industry: The Company’s revenues are heavily dependent on the aluminum and steel industries through its product, Calcined Petroleum Coke (CPC). Any downturn in these industries or issues affecting customers could significantly impact the Company’s business and financial health.
  • Reliance on Key Suppliers: The Company’s production relies on key suppliers for raw materials and components. Disruptions, cost increases, or delivery delays from these suppliers could adversely affect production and financial stability.
  • Performance Risk from Third-Party Contractors: Dependence on third-party contractors and employees carries risks of non-performance or substandard performance, leading to additional costs and delays, affecting the Company’s operations and finances.

Note:

  • The above schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion.
  • The allotment status will be available by July 01, 2024, on the Registrar’s website and the NSE website.