Incorporated in 1988, Chemcon Speciality Chemicals Ltd is a manufacturer of specialized chemical products i.e. HMDS and CMIC. Its product portfolio includes oilfield chemicals (Calcium Bromide, Sodium Bromide, and Zinc Bromide), Pharma intermediates, Silanes, and chemicals contract manufacturing work.
Chemcon Chemicals is a leading manufacturer of Pharmaceutical chemicals and generates maximum revenue from this particular segment. Hetero Labs Limited, Laurus Labs Ltd, Aurobindo Pharma Ltd, Lantech Pharmaceuticals Ltd, Macleods Pharma Ltd are the key customers of its Pharma chemical business. However, Shree Radha Overseas, Universal Drilling Fluids, Water Systems Speciality are some of the clients of its oilfield chemicals segment. In 2018, it was the 8th largest manufacturer of HMDS and 2nd largest manufacturer of CMIC chemical worldwide.
Company not only serves the domestic market but also export its products in overseas market such as USA, China, Japan, UAE, Serbia, Russia, Malaysia, and Azerbaijan. It has a manufacturing plant at Manjusar near Vadodara in Gujarat, 5 operational plants, 3 warehouses, and 2 leased warehouses.
Competitive strengths
• Largest manufacturer of pharmaceutical chemicals across the globe.
• Leading oilfield chemicals manufacturer in India.
• Diversified clientele base in the domestic and global markets.
• Strong and consistent financial performance.
• Dedicated manufacturing plants for each product.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Capital expenditure towards expansion of Manufacturing Facility | ₹41 |
| 2 To meet working capital requirements | ₹90 |
| 3 General corporate purposes | ₹19 |
| Metric | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
|---|---|---|---|
| Total Assets | 226 | 173 | 97 |
| Revenue | 266 | 305 | 158 |
| PAT | 49 | 43 | 26 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 4,676,469 (50%) | — |
| NII / HNI | — | 1,402,942 (15%) | — |
| Retail (RII) | — | 3,273,530 (35%) | — |
| Total | — | 9,352,941 (100%) | — |
* Amount calculated at upper price band (₹340) · ** Total includes all investor categories
- 1 Initiation of Refund 29 Sep 2020
- 2 Credit of Shares to Demat 30 Sep 2020
- 3 Lock-in Period (30%) October 28, 2020
- 4 Lock-in Period (50%) December 27, 2020
- Retail allocation is good at 35% of the total offering.
- HNI/NII demand is good at 15%.
- Institutional (QIB) interest is strong at 50%.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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