Mumbai, Maharashtra Sep 19, 2020 (Issuewire.com) - The chemcon speciality aims to plan to raise around Rs. 318 crores to meet its capital requirement for expanding manufacturing capacity, to meet working capital requirement and other general business purposes.
The Chemcon Speciality Pvt Ltd is the leading name in the Indian chemical industry. Chemcon exports its chemically manufactured products such as speciality chemicals, oilfield chemicals, silanes and contract manufacturing to the 11 countries outside India. Strong global presence of chemical business, diversified portfolio and strong financial growth is the key role for Chemcon for its IPO issue.
Chemcon Speciality has a strong financial presence over the last few years and showing constant improvements in total assets and revenue. In the last financial year 2019-2020 the company recorded a 49 Cr profit after tax whereas previous financial year 2018-19 it recorded 43 crores. See more details about the Chemcon IPO here.
This IPO brings a fair opportunity to retail individual investors; Chemcon offering 35% for retail investors, 50% for QIBs and remaining 15% for Non-Institutional Investors. The Chemcon issued total 9,352,940 equity shares, out of which 4,50,000 equity shares are offered for sale and its total valuation is around 153 crores.
The retail individual investors can subscribe minimum one lot of 44 equity shares of Rs. 14,960/- and maximum 13 lot of 572 equity shares of Rs. 1,94,480. The current pre issue shareholding of the promoter in the company is 100%; after post issue it will be 74.47%.
Most stock brokers are suggesting its investors for the Chemcon speciality’s IPO. The high demands in speciality chemicals due to coronavirus outbreak and many other reasons plays a favourable and positive environment for this ipo. Please do your research on your own before subscribing to Chemcon IPO.
When to Apply for Chemcon IPO Subscription?
The subscription of the IPO begins from 21st September to 23rd September 2020 and timing for subscription is 10:00 AM to 5:00 PM.
Which payment modes are available for Chemcon IPO Subscription?
You can do it via net banking, UPI payments apps like BHIM, Google Pay, Phone Pe and other apps.
How will I inform me regarding my Chemcon IPO Subscription?
You will receive a mail from your demat account holding company regarding receivable of allotment of shares against your application.
If I don’t get a Chemcon IPO Subscription when my money will be reversed in my bank account?
If you do not receive an allotment your money will be returned to your bank from 29th September 2020 and it may take 2-3 business days.
When will the Chemcon IPO be Listed?
The listing of shares will be on 1st October 2020.
Content Source: IPO Wale
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