Rite Zone Chemcon India IPORite Zone Chemcon India SME IPO Analysis @ Chanakyanipothi.com,
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    Listing: The scrip on 11 Nov 2022, got listed at Rs. 82.85 as compared to its issue price of Rs. 75.

    Guidance: The Company deals in range of concrete products. The size of the IPO is small and retail portion will get oversubscribed by just 355 forms. so, oversubscription is not an issue. The market for the products of the company is very huge, at the same time, it will face tough competition from large corporates. The offer price is somewhat on higher side compared to earnings. There are chances of small returns on listing. 

    Subscription Trend of last day
    On 2.11.2022 at 5.00 pm
      No. of No. of times
      Shares offered Subscribed
    NII 566400 2.36
    Retail  568000 7.10
    Total 1134400 4.73

    Rite Zone Chemcon India Company Details

    The company deals in range of construction chemicals and concrete products. It offers complete construction solution by supplying a complete range of various chemical products related to civil construction, infrastructure, building & structure including pre-construction or post construction as well supplying all types of concrete required for construction and infrastructure developments.

    Its range of products includes Concrete Admixture, Water Proofing Systems, Concrete Lubricator, Engineering Grouts, Industrial Flooring, Concrete Repairs, Curing Compound & Mould Release Agent, Surface Treatment, Tiling & Block Products.
    The Company also deal in range of concrete products such as slump concrete, flowable concrete, self-compaction concrete (SCC), Light Weight Concrete, Stamp Concrete, Color Concrete, PQC Concrete, Early Strength Concrete, Reinforce Concrete, Shotcrete Concrete, Precast Concrete, Pile Concrete, Air Entrench Concrete, Prestressed Concrete, High Strength Concrete Etc.
    For more information, click www.ritezone.in

    Rite Zone Chemcon India IPO Details
    IPO opens on  31 October 2022
    IPO closes on  02 November 2022
    Issue Type Book Built Issue IPO
    Issue Size up to 11,95,200 Shares /Rs 8.964 Crore
    * Fresh Issue Rs.8.964 Cr approx.
    * Offer for Sale  Up to Rs.0 Cr
       
    Face Value per share: Rs. 10
       
    Price Band Rs. 75
    Employee discount  Rs. 0 per share
    Retail Lot Size  1600 Shares
    Listing will at  NSE Sme
    Shares offered to
      Shares Rs. (Cr)
    QIB (00 %)  0 0
    NII (50 %)  5,66,400 4.26
    RII (50 %)  5,68,000 4.26
    Total Shares  11,34,400 8.52
    Retail portion will be oversubscribed by  355
    Forms
    How much Shares to Apply?
    Min Retail Application 1600 Shares Rs. 120000
    Max Retail Application  1600 shares Rs. 120000

    Promoters of the IPO
    MR. BHAVESH BABULAL BHANDARI AND MRS. ARTI BHAVESH BHANDARI

    Objects of the IPO:
     To meet the Working Capital Requirement

    Rite Zone Chemcon IPO Tentative timetable
    IPO opens on 31 October,2022
    IPO Closes on 02 November,2022
    IPO Allotment on  07 November,2022
    Unblocking of ASBA  09 November,2022
    Credit to Demat Accounts  10 November,2022
    Listing on 11 November,2022
    Registered Office of Rite Zone Chemcon
    Row House 11, Beverly Park, Row House CHS Ltd Mira Road Thane- 401107
    Rite Zone Chemcon IPO Lead Managers 
    Expert Global Consultants Pvt Ltd
    Registrar to Rite Zone Chemcon IPO
    Skyline Financial Services Pvt ltd
    Rite Zone Chemcon IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW
      Rs. Cr Rs. Cr Rs. %
    2019-20 5.75 0.16 2.61 25.41
    2020-21 3.84 0.00 0.11 1.09
    2021-22 5.66 1.49 1.49 5.22
    Book Value of the Share on 31.03.2022 Rs.16.55    
    Book Value of the Share after the IPO Rs. –    
    Offer Price   Rs. 75    
    Ratio Analysis
    Upper Price Band/last EPS 50
    Upper offer price/Book Value Ratio 4.41
    Upper offer price/BV after IPO Ratio
    Rite Zone Chemcon IPO Peer Comparison:
    as on date of DRHP Total Income Rs. Net Profit PE Ratio
      Rs Cr. Rs. Cr  
    Shankara Building Products     44.80
           
           

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