Rite Zone Chemcon India Limited (SME)
Oct 31, 2022 - Nov 2, 2022
| Price | ₹75 - ₹75 |
| Premium | ₹4 |
|---|---|
| Lot size | 1600 |
| Allotment | Nov 9, 2022 |
| Listing | Nov 11, 2022 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 120000 | 0 |
| HNI | 2 | 3200 | 240000 | 0 |
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | [.] |
| Non-Institutional Buyers | 2.36 |
| Retail Investors | 7.10 |
| Employees | [.] |
| Others | [.] |
| Total | 4.73 |
*Rite Zone Chemcon India Limited-NSE SME*
Issue Date : *31-Oct to 2-Nov, 2022*
Price : *₹75*
Lot Size : *1600 Shares*
Issue : *11,95,200 Shares*
Issue size : *₹8.964 Cr*
FV : *₹10*
Incorporation in 2015, Rite Zone Chemcon India Limited deals in a range of construction chemicals and concrete products. The company offers complete construction solutions by supplying a complete range of various chemical products related to civil construction, infrastructure, building & structure including pre-construction or post construction as well as supplying all types of concrete required for construction and infrastructure developments.
The company's products include Concrete Admixture, Water Proofing Systems, Concrete Lubricators, Engineering Grouts, Industrial Flooring, Concrete Repairs, Curing Compound & Mould Release Agents, Surface Treatment, Tiling & Block Products.
Rite Zone Chemcon India Limited outsource the chemical products production to a third-party manufacturer. The company has also tied up with concrete manufacturers in Maharashtra for concrete production.
Strengths:
- Wide product portfolio with a focus on quality.
- Quality Assurance and customer satisfaction.
- Asset Light business model with low fixed overheads.
- R&D set up for constant product improvement and new product development.
- Longstanding customer relationships leading to increased business opportunities.
- Existing committed workforce.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 666.83 | 574.77 | 15.89 | 62.53 | 61.53 | 258.12 |
| 31-Mar-21 | 677.87 | 384.21 | 0.69 | 63.26 | 62.26 | 329.3 |
| 31-Mar-22 | 1039.27 | 565.73 | 26.21 | 502.36 | 198.86 | 106.24 |
| 30-Sep-22 | 1240.92 | 1036.34 | 17.48 | 519.85 | 216.34 | 97.36 |
| Amount in ₹ Lakhs | ||||||
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/