July 2, 2024
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Petro Carbon IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents
Petro Carbon IPO Post Listing Review:
On 2nd July 2024, the scrip is listed at Rs. 300, premium of 75.44% over the issue price Rs. 171. The listing has been very impressive and much above the expectations of the grey market.
What was the last GMP of Petro Carbon IPO?*
GMP Rs.90
Check Subscription status of Petro Carbon IPO
Petro Carbon IPO Subscription Closed
Price Rs. 171 Lot 800 shares |
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| QIB | NII X | RII X | Total X | Applications |
| 94.49 | 129.91 | 74.34 | 92.01 | 2,01,314 / 74.34x |
| Amount wise subscription recd. Rs. 9734.66 Crore | ||||
| Note: Solid response received | ||||
What is the business of Petro Carbon ?
Petro Carbon and Chemicals Limited is engaged in the business of manufacturing and marketing of Calcined Petroleum Coke (“CPC”) in the carbon industry. Atha Group is a multi-product, multi-technology, multi-location business conglomerate. It is a 70 year old diversified Indian business house headquartered in Kolkata. The Company was founded by Mr. Kishor Kumar Atha in the year 1957 in Odisha as a Mining and Minerals company. Since the last decade, the group has been focusing towards its growth strategy of business diversification, forward and backward integrations and acquisition of projects, which has significantly helped the group maintain consistency in performance and growth.
PCCL’s business model is fundamentally a B2B model wherein it majorly supplies its end product CPC, to the renowned, aluminum manufacturing government companies, graphite electrodes and titanium dioxide manufacturers as well as other users in the metallurgical, chemical industries and other steel manufacturing companies. In 2018, the company was honoured with the prestigious NALCO VIKRETA UTKARSH PURASKAR, recognizing it as the top supplier among all the suppliers of POL (Petroleum, Oil, and Lubricants) by the National Aluminium Company Limited.
PCCL’s plant was operational since the year 1975, wherein the detailed engineering and layout of the plant was done by Engineers India Limited. This plant was later acquired, revamped and upgraded by the group in the year of 2008. In the last five years, the group has strategically shifted its attention towards Vertical Integration, technological Innovation, Diversification, strategic partnerships which has resulted in Operational expansion, excellence, resulting in a substantial enhancement of its overall performance.
Calcined Petroleum Coke commonly known as CPC is produced from Raw Petroleum Coke (RPC) also called the Green Petroleum Coke. Calcined Petroleum Coke (CPC) holds significant importance in the manufacturing of aluminium, and is also utilised in the production of steel and various other carbon-based products. It is widely used in aluminium industry, titanium dioxide industry, electrode manufacturing industry, foundry industry, glass industry metallurgical and chemical industry, steel industry and Carbon Paste etc. The process entails heating raw petroleum coke to eliminate volatile impurities, resulting in enhanced properties that make it highly suitable for various manufacturing processes.
Get more information about the company @ http://www.pccl.in/
| Petro Carbon IPO Details | |
| IPO opens on | 25 June 2024 |
| IPO closes on | 27 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6617600 Shares / Rs 113.16 Crore |
| * Fresh Issue | – |
| * Offer for Sale | 6617699 Shares / Rs 113.16 Crore |
| Market Maker Portion | 430400 Shares |
| Net offer to Public | 6187200 Shares/ Rs.105.80 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.162-171 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 800 Shares |
| Listing will at | NSE SME |
| Shares offered in Petro Carbon IPO | ||
| Shares | Rs. (Crore) | |
| QIB (50%) | 3093600 | 51.90 |
| NII (15%) | 928080 | 15.87 |
| RII (35%) | 2165520 | 37.03 |
| Total Shares | 6187200 | 105.80 |
| Retail portion will be oversubscribed by | 2707 | |
| Forms | ||
| How much Shares to Apply in Petro Carbon IPO? | ||
| Min Retail Application | 800 Shares | Rs. 136800 |
| Min HNI Application | 1600 Shares | Rs.273600 |
Who are the Promoters of Petro Carbon IPO?
Promoters of the company being Kishor Kumar Atha, Dilip Kumar Atha, Gaurav Atha, Vishal Atha and Bharat Atha.
What are the Objects of Petro Carbon IPO?
The Offer comprises of only offer for sale.
The objectives of the Offer are to:
Achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
Carry out the Offer for Sale of up to Equity Shares by the Selling Shareholders.
| Petro Carbon IPO Tentative timetable | |
| IPO opens on | 25 June 2024 |
| IPO Closes on | 27 June 2024 |
| IPO Allotment on | 28 June 2024 |
| Refund Initiation | 1 July 2024 |
| Credit of Shares | 1 July 2024 |
| Listing on | 2 July 2024 |
| Registered Office of the Company Petro Carbon and Chemicals Limited Avani Signature, 6th Floor, 91A/1, Park Street, Kolkata – 700016 |
| Who is the Lead Manager of Petro Carbon IPO? GYR Capital Advisors Private Limited |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
| Petro Carbon IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2020-21 | 155.29 | 0.12 | 0.04 | 0.46 |
| 2021-22 | 279.91 | 5.71 | 2.20 | 18.54 |
| 2022-23 | 517.61 | 6.73 | 2.59 | 17.92 |
| Book Value of the Share on | 31.03.2023 | Rs 14.43 | ||
| BV of the Share at cap price | after the IPO | Rs. | ||
| Offer Price/upper band | Rs. 171 | |||
| Petro Carbon IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 66 |
| Price/BV Ratio | 11.85 |
| Upper price/BV after IPO | – |
How Petro Carbon IPO compares with the Peers?
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Petro Carbon | 10 | 518 | 66.00 |
| Goa Carbon | 10 | 1377 | 8.11 |
| India Carbon | 10 | 576 | 13.85 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Petro Carbon IPO To the point Guidance
Petro Carbon and Chemicals Limited is engaged in the business of manufacturing and marketing of Calcined Petroleum Coke (“CPC”) in the carbon industry. Atha Group is a multi-product, multi-technology, multi-location business conglomerate. PCCL’s business model is fundamentally a B2B model wherein it majorly supplies its end product CPC, to the renowned, aluminum manufacturing government companies, graphite electrodes and titanium dioxide manufacturers as well as other users in the metallurgical, chemical industries and other steel manufacturing companies.
Size: Net size of the IPO is Rs. 105.80 crore, which is relatively very large, compared to other SME IPOs. The retail portion is Rs. 37.03 Crore and NII portion is Rs.15.87 Crore. Because of the large size, huge oversubscription is a bit difficult.
Financial Snapshot: The company has shown sharp rise in the topline and bottom-line during last 3 years. The net profit has shoot up to Rs. 6.73 crore compared to just Rs. 12 lacs in the year 2020-21. The performance of 2020-21 may be affected by Covid restrictions. The shares are offered at PE multiple of 66, based on the high EPS of Rs. 2.59 during 2022-23. There is small room of listing gains, for the new investors.
Quicklinks
Petro Carbon IPO GMP today details?
Petro Carbon IPO
Petro Carbon IPO FAQs
What is Petro Carbon IPO?
Petro Carbon is a SME IPO of 6617600 equity shares of the face value of Rs. 10 aggregating up to Rs.113.16 Crores. The issue is priced at Rs.161-171 per share. The minimum order quantity is 800 Shares.
When will Petro Carbon IPO open?
Petro Carbon IPO opens on June 25, 2024, and closes on June 27, 2024.
What is the lot size of Petro Carbony IPO?
Petro Carbon IPO lot size is 800 Shares, and the minimum amount required is Rs.136800.
How to apply for Petro Carbon IPO?
You can apply in Petro Carbon IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Petro Carbon IPO allotment?
The finalization of Basis of Allotment for Petro Carbon IPO will be done on 28 June, 2024, and the allotted shares will be credited to your demat account by July 1, 2024.
When is Petro Carbon IPO listing date?
Petro Carbon IPO listing date is July 2, 2024.
