IPO Details
Bidding Dates
25 Jun 24 - 27 Jun 24
Price Range ₹
162 - 171
Total Equity
₹ 113.16Cr
Lot Size
800
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
25 Jun 2024
Offer end
27 Jun 2024
Allotment
28 Jun 2024
Refund initiation
01 Jul 2024
Demat transfer
01 Jul 2024
Listing
02 Jul 2024
Offer start
25 Jun 2024
Offer end
27 Jun 2024
Allotment
28 Jun 2024
Refund initiation
01 Jul 2024
Demat transfer
01 Jul 2024
Listing
02 Jul 2024
About Company
Petro Carbon and Chemicals Limited, a subsidiary of the ATHA Group, was established in 2007 and specializes in producing calcined petroleum coke (CPC) for the carbon industry. The company manufactures CPC from raw petroleum coke (RPC), also known as green petroleum coke, which is used in the production of aluminum, steel, and various other carbon-based products. Located in Purba Medinipur, West Bengal, the company's production facility has an annual capacity of approximately 93,744 tons of CPC and spans around 30 acres. Petro Carbon and Chemicals Limited employs around 74 personnel across various departments, including production, maintenance, marketing, sales, administration, and corporate services. Additionally, the company hires approximately 290 contract workers at its production facility.
Year Founded
05-11-2007
Promotor Details
Vishal Atha
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 73.21 |
| Share Capital | 24700000 | 18082400 |
Offer to Public
66,17,600.00 Cr
Project Details
- None - Nonecr
Objectives
- The objects of the Offer are to(i) achieve the benefits of listing the Equity Shares on the Stock Exchanges
- and(ii) carry out the Offer for Sale of up to Equity Shares by the Selling Shareholders.
Highlights
- The company is strategically positioned to capitalize on the growth potential of the Indian carbon industry. With a robust market presence and increasing demand for carbon products, the company is well-placed to expand its market share and drive revenue growth.
- The company has a strong track record of growth and efficient operations. Its consistent performance and ability to streamline processes have led to improved productivity and profitability, making it a reliable player in the industry.
- The strategic location of the company's plant provides it with significant competitive advantages. Proximity to key markets and suppliers reduces transportation costs and ensures timely delivery of products, enhancing operational efficiency and customer satisfaction.
- The company boasts a strong track record of financial performance. Solid revenue growth, healthy profit margins, and prudent financial management have contributed to its stable financial position, making it an attractive investment option.
- The company benefits from an experienced senior management team and a large pool of skilled manpower. Their industry expertise, leadership, and technical know-how drive innovation and operational excellence, positioning the company for sustained success.
Challenges
- The company relies heavily on certain key customers and suppliers. The loss of any major customer or disruption in the supply of raw materials could severely impact the company's business operations, financial condition, and cash flows.
- A substantial portion of the company's revenue is derived from the sales of a single product, CPC (calcined petroleum coke), primarily to the aluminum and steel industries. Any reduction in demand from these industries could adversely affect the company's revenues and operational results.
- The company's operations require significant working capital. Insufficient cash flow from operations or an inability to secure additional borrowing could materially and adversely affect its business and results of operations.
- The company faces risks related to its manufacturing processes and supply chain. Any slowdown or shutdown in manufacturing operations, failure to procure raw materials at competitive prices, or delays caused by key equipment unavailability could negatively impact its business performance.
- The company, its directors, and promoters are involved in various litigation and claims. Any adverse rulings could result in significant liabilities or penalties, damaging the company's reputation and financial status. Additionally, failure to obtain or renew necessary regulatory approvals and licenses in a timely manner could disrupt its operations.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 27,686.11 | 2,600.00 | 660.92 | 660.92 | 2.542 |
| 2021 | 15,962.35 | 2,600.00 | 5,11,00,116.00 | 5,11,00,116.00 | 1.9654 |
| 2023 | 26,288.25 | 2,600.00 | -86,08,087.00 | -86,08,087.00 | -0.3311 |
| 2024 | 28,391.49 | 2,470.00 | 5,11,00,116.00 | 5,11,00,116.00 | 1.9654 |
| 2020 | 1,78,74,42,000.00 | 26,00,00,000.00 | 8,246.00 | 8,246.00 | 33.3846 |
