Petro Carbon and Chemicals Limited is launching an IPO to sell 66,17,600 shares worth INR 113.16 crores. The company aims to list equity shares on stock exchanges, raise capital, and enhance visibility and brand image.
Petro Carbon and Chemicals IPO – Important Dates
| Petro Carbon and Chemicals Limited IPO Date | June 25, 2024, to June 27, 2024 |
| Petro Carbon and Chemicals Limited IPO Listing Date | July 2, 2024 |
| Petro Carbon and Chemicals Limited IPO Price | INR 162-171 per share |
| Petro Carbon and Chemicals Limited IPO Lot Size | 800 shares |
| Petro Carbon and Chemicals Limited IPO Total Issue Size | INR 113.16 crores |
| Petro Carbon and Chemicals Limited IPO Basis of Allotment | June 28, 2024 |
| Petro Carbon and Chemicals Limited IPO Initiation of Refunds | July 1, 2024 |
| Petro Carbon and Chemicals Limited IPO Credit of Shares to Demat | July 1, 2024 |
| Petro Carbon and Chemicals Limited IPO Issue Type | Book Built Issue IPO |
| Petro Carbon and Chemicals Limited IPO Listing At | NSE SME |
Petro Carbon and Chemicals Limited IPO – Company Profile
Petro Carbon and Chemicals Limited (PCCL), part of the ATHA Group, manufactures and markets Calcined Petroleum Coke (CPC) in a B2B model. It primarily supplies the aluminum, graphite, titanium dioxide, metallurgical, chemical, and steel industries.
PCCL operates a B2B model, supplying Calcined Petroleum Coke (CPC) to aluminum manufacturers, graphite electrode and titanium dioxide producers, and metallurgical industries. in 2018 PCCL received the NALCO VIKRETA UTKARSH PURASKAR as its top supplier.
PCCL’s plant, operational since 1975 and upgraded by the group in 2008, has seen enhanced performance over the last five years through vertical integration, technological innovation, diversification, and strategic partnerships.
Petro Carbon and Chemicals Ltd IPO Fundamental Analysis
Petro Carbon and Chemicals Limited Technologies’ financial analysis reveals a mixed performance. Revenue increased significantly. Equity and assets grew while debt reliance decreased. Profitability, EPS, and RoNW improved, indicating robust financial health and potential growth.
- Revenue Trend: The revenue increased from ₹27,696.33 lakhs in March 2022 to ₹51,550.67 lakhs in March 2023. The revenue for the current year’s 9-month period ending December 2023 is INR 44,570.06 lakhs, falling short of last year’s benchmark.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹570.99 lakhs in March 2022 to ₹7,031.16 lakhs by December 2023. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹2.20 in March 2022 to ₹27.54 by December 2023, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 18.54% to 66.00%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Petro Carbon and Chemicals IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 December 2023 |
| Revenue (₹ in lakhs) | 27,696.33 | 51,550.67 | 44,570.06 |
| Equity (₹ in lakhs) | 7,573.2 | 8,160.61 | 14,998.21 |
| Expenses (₹ in lakhs) | 27,161.28 | 50.811.37 | 34,657.68 |
| Profit and Loss After Tax (₹ in lakhs) | 570.99 | 672.20 | 7,031.16 |
| Diluted EPS only (₹) | 2.20 | 2.59 | 27.54 |
| Return on Net Worth (%) | 18.54 | 17.91 | 66.00 |
| NAV per Equity Share (₹) | 11.85 | 14.43 | 43.13 |
| Total Assets (in lakhs) | 27,703.56 | 26,378.67 | 27,432.35 |
| Total Liabilities (in lakhs) | 20,130.36 | 18,218.06 | 12,434.14 |
| Debt Equity Ratio | 2.56 | 2.15 | 0.54 |
Petro Carbon and Chemicals Limited IPO Peer Comparison
Petro Carbon and Chemicals Limited showcases competitive performance. Goa Carbon Limited demonstrates substantial growth and stability. India Carbon Limited exhibits robust performance and noteworthy achievements across various operational aspects.
| Company | Total Income (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic & Diluted) (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) |
| Petro Carbon and Chemicals Limited | 51,760.99 | 10 | – | 2.59 | 17.92 | 14.43 |
| Goa Carbon Limited | 1,37,695.04 | 10 | 8.76 | 88.24 | 58.00 | 130.82 |
| India Carbon Limited | 57,627.02 | 10 | 13.85 | 90.28 | 6.14 | 1637.97 |
Petro Carbon and Chemicals Ltd IPO Objective
The main objective of Petro Carbon and Chemicals Limited is to achieve the benefits of listing and enhance the visibility and the brand image.
Petro Carbon and Chemicals IPO Risks And Challenges
Petro Carbon and Chemicals Limited’s risk includes a heavy reliance on CPC sales to aluminum, steel, and related industries, supply chain vulnerabilities, operational challenges, and potential disruptions impacting financial stability and reputation.
- The company specializes in CPC manufacturing and serves the steel and aluminum industries. Revenue heavily relies on CPC sales to aluminum smelters, graphite electrodes, and titanium dioxide manufacturers. Industry downturns or customer challenges pose risks to financial stability.
- Procurement of raw petroleum coke, a primary material, is crucial. Costs have surged in recent periods. Reliance on short-term contracts poses supply risks. Factors beyond control may disrupt supply, impacting operations and financials.
- They specialize in manufacturing and marketing CPC to various industries. Operational issues, such as equipment malfunction or raw material shortages, could disrupt production, impacting business, reputation, and financial stability. Maintaining high-quality standards is crucial to retaining customers and avoiding liabilities.
Petro Carbon and Chemicals Ltd IPO – Industry & Market Potential
Basic chemicals and plastics are vital for consumer goods manufacturing. Due to unique market drivers, investments in China, the Middle East, and North America surged in the past decade. Recent shale gas discoveries transformed North America into a competitive chemicals production region.
India emerges as a competitive manufacturing hub, attracting foreign investments. The chemical and petrochemical industry, valued at US$178 billion, is projected to reach US$300 billion by 2025, leveraging India’s strategic location.
The Chemical and Petrochemical Industry’s growth is driven by increasing domestic demand, with linked sectors like textiles and automotive expected to reach US$350 billion and US$300 billion by 2024-25. Additionally, the FDI inflow totaled US$18.48 billion from April 2000 to March 2021.
Petro Carbon and Chemicals Limited IPO – Type of Offer
Petro Carbon and Chemicals Limited is coming up with an offer to sell 66,17,600 existing shares. Along with the other shareholders, the below are the details of the promoters selling their existing shares:
| Name of the promoter selling shareholder | Maximum number of offered shares for sale |
| KISHOR KUMAR ATHA | 13,23,520 |
| DILIP KUMAR ATHA | 13,23,520 |
| GAURAV ATHA | 13,23,520 |
| VISHAL ATHA | 13,23,520 |
| BHARAT ATHA | 13,23,520 |
Petro Carbon and Chemicals IPO Offer Size
The offer size of Petro Carbon and Chemicals Limited is INR 113.16 crores, consisting of an offer to sell 66,17,600 shares. The company seeks to list equity shares on stock exchanges, raise capital, and enhance visibility and brand image.
Petro Carbon and Chemicals Limited IPO Allotment Structure
Petro Carbon and Chemicals Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 35% for Non-Institutional Investors (NII), and 15% for Retail Individual Investors (RII) according to SEBI regulations. 430,400 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 35% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 15% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 430,400 shares, are reserved for marker makers.
How to apply for a Petro Carbon and Chemicals Limited IPO?
To apply for the Petro Carbon and Chemicals Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Petro Carbon and Chemicals Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Petro Carbon and Chemicals Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Petro Carbon and Chemicals Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Petro Carbon and Chemicals Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Petro Carbon and Chemicals Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Petro Carbon and Chemicals Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Petro Carbon and Chemicals Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Petro Carbon and Chemicals Limited Ltd IPO Offer Registrar
The registrar for the Petro Carbon and Chemicals Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Bigshare Services Private Limited
Office No. 56-2, 6th Floor,
Pinnacle Business Park, Next to Ahura Center,
Mahakali Caves Road, Andheri East,
Mumbai-400 093, Maharashtra, India.
Tel: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Petro Carbon and Chemicals Limited Limited IPO – FAQs
The allotment date of the Petro Carbon and Chemicals Limited IPO is June 28, 2024.
The price band of the issue is INR 162-171 per share.
The offer size of Petro Carbon and Chemicals Limited is INR 113.16 crores, consisting of an offer to sell 66,17,600 shares. The company seeks to list equity shares on stock exchanges, raise capital, and enhance visibility and brand image.
The listing date of Petro Carbon and Chemicals Limited’s IPO is July 2, 2024.
