Petro Carbon & Chemicals Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹171
Per ShareLot Size
800 Shares
Minimum Investment
₹1,36,800
Issue Size
₹113.16 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Petro Carbon & Chemicals Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.99%
Issue Type
Book Building - SME
ISIN
INE998U01015
About the Company
Petro Carbon and Chemicals Limited ("PCCL") is a ATHA Group (the "Group") Company 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 we majorly supply our 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 us as the top supplier among all the suppliers of POL (Petroleum, Oil, and Lubricants) by the National Aluminium Company Limited.
Industry Overview
In recent years, India is emerging as one of the competitive and high-quality manufacturing destinations in the global market, attracting foreign investments. Presently, India's chemical and petrochemical (CPC) industry holds a significant position in the world market, worth US$ 178 billion, and it is expected to grow to about US$ 300 billion by 2025.The strategic geographical location of India has enabled the country to maintain its key position in the international market. Calcined petroleum coke (CPC) is one of the major raw materials for the Aluminium Industry. CPC is used for fabrication of anodes used in the aluminum electrolysis process. Calcined Petroleum Coke (CPC) has been in use for more than 120 years to produce the carbon anodes used in the Hall-Heroult Aluminium electrolysis process. Performance of the anodes in the aluminium electrolysis process depends on many properties of CPC.
Company History
Petro Carbon and Chemicals Limited was incorporated as `Petro Carbon and Chemicals Private Limited' in Kolkata, West Bengal as a private limited company under Companies Act, 1956, pursuant to a certificate of incorporation dated November 05, 2007 Issued by Deputy Registrar of Companies, West Bengal. Thereafter, the Company was converted from a private limited company to a public limited company pursuant to a special resolution passed in the extraordinary general meeting of its Shareholders held on January 09, 2024, and consequently, the name of the Company was changed to Petro Carbon and Chemicals Limited, and a fresh certificate of incorporation dated February 23, 2024 was Issued by the RoC to the Company.
Products & Services
- Petro Carbon and Chemicals Limited ("PCCL") is a ATHA Group (the "Group") Company engaged in the business of manufacturing and marketing of Calcined Petroleum Coke ("CPC") in the carbon industry.
Growth Strategy
- Adopt Environment friendly technologies.
- More focus on Research & Development.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 2 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY25 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 66,17,600 equity shares of face value of Rs. 10/- each ("Equity Shares") of Petro Carbon and Chemicals Limited (the "Company" or "Petro Carbon and Chemicals" or "PCCL" or "Offerer") at an offer price of Rs. 171 per equity share (including a share premium of Rs. 161 per equity share) for cash, aggregating Rs. 113.16 crores through an offer for sale by promoter selling shareholders ("Public Offer") out of which 4,30,400 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 171 per equity share for cash, aggregating Rs. 7.36 crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. offer of 61,87,200 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 171 per equity share for cash, aggregating up to Rs. 105.80 crores is hereinafter referred to as the "Net Offer". The public offer and net offer will constitute 26.79 % and 25.05 % respectively of the post-offer paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Well positioned to capture the growth potential of the Indian carbon industry.
- Track record of growth and efficient operations.
- Strategic location of its plant provides it with competitive advantages.
- Strong track record of financial performance.
- Experienced senior management and large pools of skilled manpower.
- The Promoter Selling Shareholders, will receive the entire proceeds from the Offer for Sale. The Company will not receive or benefit from any proceeds from the Offer for Sale.
- The company depends on the success of its relationships with its customers. The company revenue is generated from certain of its key customers, and the loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for its products could adversely affect the company's business, results of operations, financial condition and cash flows.
- The Company derives a substantial portion of its revenues from sales of aluminium and steel industry and has a single product CPC.
- In the event the company is unable to procure adequate amount of raw material, at competitive prices, its business, results of operations and financial condition may be adversely affected. Further, the company generally does not enter into agreements with its suppliers and accordingly may face disruptions in supply from the current suppliers.
- The company is subject to strict technical specifications and quality requirements provided by its customers and failure to comply with the technical specifications and quality standards prescribed by such customers may lead to loss of business from such customers and could negatively impact its reputation, which would have an adverse impact on the company's business prospects and results of operation.