Petro Carbon IPO Skyrockets: 7x Oversubscription, Lists with 75% Premium on Debut

Petro Carbon's IPO shines 7.03x oversubscribed, shares debut at ₹300, soaring 75.4% above issue price. Stellar performance surpasses expectations, signaling robust market confidence in the company's prospects.
Petro Carbon IPO Skyrockets: 7x Oversubscription, Lists with 75% Premium on Debut

Petro Carbon and Chemicals made a spectacular NSE SME debut on July 2, with shares opening at ₹300, a 75.4% premium over the ₹171 issue price. This impressive launch outperformed grey market expectations of a 50% gain, rewarding investors with a substantial ₹1,03,200 profit per lot.

Petro Carbon and Chemicals Ltd’s IPO has seen impressive demand, with investors oversubscribing the issue 7.03 times by the second day. This robust response suggests high market enthusiasm and faith in the company’s prospects, signaling a positive outlook for its future performance and growth potential.

ATHA Group’s Petro Carbon and Chemicals Limited, a B2B supplier of Calcined Petroleum Coke since 1975, serves diverse industries. With recent upgrades and strategic growth, PCCL is now launching a ₹113.16 crore IPO offering 66,17,600 shares, aiming to boost capital, visibility, and brand image through stock exchange listing.

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