Petro Carbon and Chemicals Limited-IPO

The Petro Carbon and Chemical IPO is scheduled to open on June 25, 2024, and close on June 27, 2024. Petro Carbon and Chemicals aims to raise Rs 113.16 crores via this Mainline IPO. The entire issue consists of an offer for sale of 66.18 lakh shares.

The price band for the Petro Carbon and Chemical IPO is set at Rs 162 to 171 per share, with a market lot of 800 shares.

The IPO will be listed on the NSE SME, with the tentative listing date set for Tuesday, July 2, 2024. The allotment for the Petro Carbon and Chemical IPO will be finalized on Friday, June 28, 2024.

Petro Carbon and Chemicals IPO Details

Petro Carbon and Chemicals IPO Lot Size

Petro Carbon and Chemicals IPO Objectives

The objectives of the Offer are to:

1. Carry out the Offer for Sale of up to Equity Shares by the Selling Shareholders.

2. Achieve the benefits of listing the Equity Shares on the Stock Exchanges.

About Petro Carbon and Chemicals

Petro Carbon and Chemical Limited (PCCL) was established on November 5, 2007, and is engaged in the production of calcined petroleum coke (CPC) for the carbon industry.

PCCL is part of the ATHA GROUP, a multi-product, multi-technology, multi-location business conglomerate.

The company’s production facility, located in Purba Medinipur, West Bengal, has a capacity of around 93,744 tons of CPC per annum and is spread over an area of approximately 30 acres.

PCCL employs around 74 people in various levels of production, maintenance, and other areas. Additionally, the company employs around 290 contract workers at its current production facility.

Petro Carbon and Chemicals Limited Financial Information

Petro Carbon and Chemicals Limited’s revenue increased by 84.92% and profit after tax (PAT) rose by 17.8% between the financial year ending with March 31, 2023 and March 31, 2022.

Petro Carbon and Chemicals IPO Timeline

Conclusion

Petro Carbon and Chemicals Limited is launching its IPO from June 25 to June 27, 2024, aiming to raise Rs 113.16 crores through an offer for sale of 66.18 lakh shares. The price band is set at Rs 162 to 171 per share, with a lot size of 800 shares. The IPO will be listed on the NSE SME, with the listing date expected on July 2, 2024. The primary objectives are to facilitate the offer for sale by existing shareholders and to benefit from listing on the stock exchange. The company, part of the ATHA GROUP, specializes in producing calcined petroleum coke and has shown significant financial growth, with notable increases in revenue and profit after tax over recent years.