Chemcon Speciality Chemicals Limited IPO Subscription Period From 21st September To 23rd September 2020:
To begin with, Chemcon Speciality Chemicals Limited embodied in 1988 and located in Gujarat. The company is mainly involved in the manufacturing of specialized chemicals such as HMDC and CMIC. The IPO subscription will start on 21st September and it will be close on 25th September 2020.
|Bid Period||21st September to 23rd September 2020|
|IPO Type||Book Built Issue IPO|
|IPO Size||93,52,940 Eq Share of Rs. 10 (aggregating up to Rs. 318.00 Cr)|
|Fresh Issue||48,52,940 Eq Shares of Rs. 10 (aggregating up to Rs. 165.00 Cr)|
|Offer for Sale||45,00,000 Eq Shares of Rs. 10 (aggregating up to Rs. 153.00 Cr)|
|Face Value||Rs. 10 per equity share|
|IPO Price||Rs. 338 to Rs. 340 per equity share|
|Market Lot||44 Shares|
|Minimum Order Quantity||44 Shares|
|Listing At||BSE, NSE|
The company introduced a ‘Book Built Issue‘ type initial public offering with the face value of Rs. 10 per equity share. Initially, Chemcon Speciality Chemicals Ltd. provided an issue size of 93,52,940 equity shares with an aggregating of Rs. 318.00 Cr. Similarly, the price band of the issue from Rs. 338 to Rs. 340 per equity share.
Moreover, the fresh issue of the company is 48,52,940 equity shares with an aggregating up to Rs. 318.00 Cr. Also, the offer for sale of the initial public offering is 45,00,000 equity shares with an aggregating of Rs. 165.00 Cr.
The market lot and the minimum order quantity is 44 per each. If any investor should invest in this company with a minimum investment amount of Rs. 14,960 (1 lot=44 shares). Also, the maximum investment amount of Rs. 1,94,480 (1 lot= 572 shares).
Chemcon Speciality Chemicals Limited Promoter Holdings:
The promoters of the company are KamalKumar Rajendra Aggarwal, Navdeep Naresh Goyal, and Shubharangana Goyal.
|Pre Issue Share Holding||100%|
|Post Issue Share Holding||74.70%|
The objective of the company, it plans to utilize the IPO raised amount for working capital requirements, expansion of manufacturing facility, and for the general corporate purposes. The company share will be list on both the BSE and NSE.
The company will issue the allotment order on 28th September 2020. If in case shares are not allotted to any investor the bid amount will be refunded on 29th September. Chemcon shares will list on 1st October 2020 on both the stock exchanges.
Link Intime India Private Ltd
C 101, 247 Park, L.B.D.Marg,
Vikhroli (West), Mumbai-400083
Phone: +91-22-4918 6270
Email: [email protected]
Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.