Chemcon is a manufacturer of specialised chemicals, such as HMDS and CMIC which are predominantly used in the pharmaceuticals industry and inorganic bromides, namely Calcium Bromide, Zinc Bromide and Sodium Bromide, which are predominantly used as completion fluids in the oilfields industry. Chemcon were the only manufacturer of HMDS in India and were the third largest manufacturer of HMDS worldwide in terms of production in the calendar year 2019. Chemcon were the largest manufacturer of CMIC in India and the second largest manufacturer of CMIC worldwide, in terms of production and capacity in calendar year 2019. Further, Chemcon were the only manufacturer of Zinc Bromide and the largest manufacturer of Calcium Bromide in India, in terms of production in calendar year 2019. Chemcon supply products to domestic customers and also export products to countries including United States of America, Italy, South Korea, Germany, People’s Republic of China, Japan, United Arab Emirates, Serbia, Russia, Spain, Thailand and Malaysia.
The key customers of Chemcon Pharmaceutical Chemicals include Hetero Labs Limited, Laurus Labs Limited, Aurobindo Pharma Limited, Sanjay Chemicals (India) Private Limited, Lantech Pharmaceuticals Limited, Ind -Swift Laboratories Limited, Vivin Drugs & Pharmaceuticals Limited and Macleods Pharmaceuticals Limited and the key customers of Chemcon, Oilwell Completion Chemicals include Shree Radha Overseas, Water Systems Specialty Chemical DMCC and CC Gran Limited Liability Company.
Promoters Detail
The Promoters of Company are: 1. Kamalkumar Rajendra Aggarwal 2. Navdeep Naresh Goyal and 3. Shubharangana Goyal. Promoters hold 22,514,134 Equity Shares in aggregate, representing 70.85% of the issued, subscribed and paid-up Equity Share capital of our Company.
Financials Results
Particulars Financial Year 2020 2019 2018
Revenue from operations 2,620.52 3,033.41 1,576.42
Profit after tax 488.53 430.41 263.81
IPO Detail
Issue Size - 9,352,940 Eq Shares of Rs 10 (aggregating up to Rs 318.00 Cr)
Offer for Sale - 4,500,000 Eq Shares of RS 10 (aggregating up to Rs 153.00 Cr)
Fresh Issue - 4,852,940 Eq Shares of Rs 10 (aggregating up to Rs 165.00 Cr)
IPO Price - Rs 338 to Rs 340 per equity share
Market Lot - 44 Shares ( Min Order quantity )
Maximum Order Quantity for Retail -572 Shares ( 13 Lots )
Finalisation of Basis of Allotment - Sep 28, 2020
Initiation of Refunds - Sep 29, 2020
Credit of Shares to Demat Account - Sep 30, 2020
IPO Shares Listing Date - Oct 1, 2020
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