Chemcon Speciality IPO: Should you subscribe?

Dates, Price band, Lot size, Risks, Review and broker recommendations etc.
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Chemcon Company Info

chemcon

Chemcon is a leading manufacturer of Pharmaceutical intermediates and Oilfield Chemicals (Completion Fluids). At Chemcon, an ISO 9001:2015 certified company, they manufacture all our products complying GMP guidelines and completion fluids of unmatched purity, complying with highest standards (API-RP-13J) of quality in Oilfield Industry.

Proceeds from the IPO will be used to:

  • Meet capital expenditures for expansion of manufacturing facility.
  • Support business working capital requirements.
  • Accommodate general corporate purposes.
ISSUE DETAILS
ItemValue
Issue Size318 Cr
Face Value10/- per Equity Share
IPO Price338 – 340
Lot Size44
Minimum Lots1
Maximum Lots13
KEY DATES
Date TypeDate
Bid Open21/09/2020
Bid Close23/09/2020
Allotment Finalization28/09/2020
Initiation of Refunds29/09/2020
Credit of Shares30/09/2020
Listing Date01/10/2020
LOT SIZE AND PRICING
LotsSharesAmount
14414,960
135721,94,489
PROMOTER SHAREHOLDING
HoldingPercentage
Pre-Issue100%
Post-Issue74.47%

Investor Quota and Overall Subscription Status

Investor TypeQuotaShares on OfferSubscription Status
QIBs50%–113.54x
Non-Institutional (NII)15%–449.14x
Retail (RII)35%–41.15x

Day-wise Subscription Status

DayDay 1Day 2Day 3
QIB0.04x2.83x89.71x
NII0.78x4.96x678.88x
RII (Retail)5.68x15.53x35.63x
Employee0.28x1.04x3.88x
Total2.10x7.52x157.41x
Latest Company News
  • Not Tracking now – Issue Closed
Broker Recommendations
  • Should you subscribe?

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