Rite 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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