Petro Carbon and Chemicals Limited (NSE SME)
Jun 25, 2024 - Jun 27, 2024
| Price | ₹162 - ₹171 |
| Premium | ₹90 |
|---|---|
| Lot size | 800 |
| Allotment | Jun 28, 2024 |
| Listing | Jul 2, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 800 | 136800 | 2708 |
| HNI | 2 | 1600 | 273600 | 1161 |
Last updated on 27-Jun-2024 17:01:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1236800 | 116869600 | 94.49 |
| NIB | 928800 | 121093600 | 130.38 |
| RETAIL | 2166400 | 161051200 | 74.34 |
| Total | 4332000 | 399014400 | 92.11 |
| Retail Apps | 201314 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹29.93 | @8% ₹34.21 | @9% ₹38.48 | @10% ₹42.76 | @11% ₹47.03 | @12% ₹51.31 |
Petro Carbon IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 32.74% | 2166400 |
| NII (HNI) | 14.04% | 928800 |
| Anchor | 28.03% | 1855200 |
| QIB | 18.69% | 1236800 |
| Market Maker | 6.50% | 430400 |
| Total | 100.00% | 6617600 |
Petro Carbon and Chemicals IPO Details
| Total Issue Size | 6,617,600 shares (aggregating up to ₹113.16 Cr) |
| Offer for Sale | 6,617,600 shares of ₹10 (aggregating up to ₹113.16 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 24,700,000 |
| Market Maker portion | 430,400 shares Giriraj Stock Broking |
Key Performance Indicators
| KPI | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROCE | 60.36% | 10.88% | 10.09% |
| RONW | 66.00% | 17.91% | 18.54% |
| D/E | 0.54 | 2.15 | 2.56 |
| EPS (Diluted) | 27.54 | 2.59 | 2.20 |
Financial Statement(Restated)
| Period Ended | Dec-23 | Mar-23 | Mar-22 | Mar-21 |
|---|---|---|---|---|
| Assets | 27,432.35 | 26,379.12 | 27,703.56 | 15,992.29 |
| Revenue | 44,711.11 | 51,760.99 | 27,990.70 | 15,528.68 |
| Profit After Tax | 7,031.16 | 672.65 | 570.99 | 11.64 |
| Net Worth | 10,653.34 | 3,752.81 | 3,080.17 | 2,509.17 |
| Reserves and Surplus | 12,528.21 | 5,561.06 | 4,973.20 | 4,489.97 |
| Total Borrowing | 8,063.02 | 17,582.78 | 19,418.00 | 8,182.43 |
| Amount in Lakhs | ||||
About Company
Petro Carbon and Chemicals Limited, a part of the ATHA Group and established in 2007, specializes in producing calcined petroleum coke (CPC) from raw petroleum coke (RPC) for applications in the aluminum, steel, and other carbon-based industries. The company's production facility, located in Purba Medinipur, West Bengal, spans approximately 30 acres and has an annual production capacity of around 93,744 tons of CPC. Employing around 74 staff members across production, maintenance, marketing, sales, administration, and corporate services, the company also relies on approximately 290 contract workers to support its operations.
Strength Factors
Growth Potential: Positioned to capitalize on the expanding Indian carbon industry, Petro Carbon and Chemicals Limited is well-placed for future growth.
Proven Track Record: The Company has a history of growth and efficient operations, demonstrating its ability to scale and optimize production.
Strategic Location: The plant's strategic location in Purba Medinipur, West Bengal, provides competitive advantages in logistics and supply chain management.
Risk Factors
No Benefit from Offer for Sale: The Company will not receive any proceeds from the Offer for Sale, as all funds will go to the Promoter Selling Shareholders.
Revenue Concentration: With a substantial portion of revenues coming from the aluminum and steel industries and reliance on a single product, CPC, any downturn in these markets could adversely impact the company.
Supplier Dependence: Reliance on key suppliers for raw materials could lead to delays and disruptions in the manufacturing process, negatively affecting output and overall operations.
GYR Capital Advisors Private Limited