At the IPO price of 340, the asking P/E is 28x on FY20 earnings. The latest GMP of Chemcon IPO is ₹310 (+/-5). Chemcon Speciality Chemicals IPO: Happiest Minds IPO allotment is over and IPO investors are now looking for another IPO listing. Open an account to invest in IPOs today! Chemcon IPO GMP Today. Chemcon IPO to list on NSE and BSE on 1 October 2020, Thursday at 10:00 AM. Chemcon Speciality Chemicals to raise Rs 318 crore via IPO; price band set at Rs 338-340 The public offer will close on September 23 and the bidding for anchor investors' book will be on September 18. Chemcon IPO details: Subscription Dates: 21 – 23 September 2020 Price Band: INR338 – 340 per share: Fresh issue: INR165 crore: Offer For Sale: 45,00,000 shares (INR152.1 – 153 crore) Chemcon IPO Promoter Holding. Post Issue Share Holding 74.47%. However, it has also issued a public offering of ₹320 crores along with a recent issue of ₹165 crores. As the stock market has recovered well from lows in March 2020 and post-multifold bids for Happiest Minds and Route Mobile IPOs, equity experts are expecting many more IPO launchesin the remaining part of the year. Lowbrokers is expecting a huge bumper listing gain on this IPO. The price band for Chemcon is Rs 338 to Rs 340. Chemcon Speciality is the leader in specialty chemicals across the globe. Chemcon IPO issue open date is 21st September 2020 and close date is 23rd September 2020. Chemcon’s IPO will be open for subscription from September 21 to 23. Advertisement Chemcon Speciality Chemicals Ltd product portfolio includes oilfield chemicals (Calcium Bromide, Sodium Bromide, and Zinc Bromide), Pharma intermediates, Silanes, and chemical contract manufacturing work. Return on Net Worth (RONW) = 34.23% Net Asset Value = 44.91 /Share. The lot size for Chemcon IPO is a minimum of 44 shares to maximum 572 shares. The IPO closed for subscription on September 23 with a price band of Rs 338-340 per equity share. The offer price of Chemcon Speciality Chemicals Limited IPO is ₹338 - 340. Issue Size. 5. Chemcon Speciality Chemicals IPO has been subscribed 1.18 times on the first day of the bidding with retail category subscribing 2.65 times; and NIIs 0.26 times. Company Profile. Get insights on the Chemcon Chemicals IPO Date, Share Price, News and more, all at one place. - This Chemcon IPO is of the book-building kind. The Chemcon IPO will start on 21st September 2020 and will end on 23rd September 2020. 165 crore and an offer for sale (OFS) of up to 45 lakh equity shares of Rs. Maximum 13Lot 572 ₹194,480. Chemcon IPO Subscription Details as on ( 23 Sept 6:00 pm) Chemcon IPO is offering Rs165cr worth fresh equity share and 45 lakh equity shares through an offer for sale (OFS). Chemcon Speciality Chemicals IPO is set to open on 21-09-2020 in the Price Band of Rs. The ₹318 crore initial public offering (IPO) of Chemcon saw a stellar demand for its shares in the market, and the 149 times oversubscription on the final day of bidding during IPO is proof of that. 9,352,940 Equity Shares of ₹10 (aggregating up to ₹318.00 crore) Chemcon Speciality is entering the primary market on Monday 21 st September 2020, with a Rs. The Chemcon Speciality Chemicals IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. Chemcon Speciality Chemicals IPO Price The face value of each share is Rs 10, but the price band of the IPO is [ ]. The estimated listing price for Chemcon IPO is ₹650 which is approx 91.18% gain. Price Band of the IPO is fixed at Rs.338-Rs.340 per equity share While, the face value is Rs.10 per equity share According to the above mentioned price band, the market capitalization of Chemcon will be approximately Rs.1,245 Cr (a small cap company) The issue price is fixed at the lower band of Rs338 per equity share … The company has fixed the IPO price band at Rs 338-340 per share. The public issue includes fresh issue of equity shares worth Rs 165 crore and … Invest in upcoming IPOs in a just a few clicks. ... im applying 88 share can allowed me. It will be combination of a fresh issue and offer for sale. To ride on this IPO wave, yet another company, Chemcon Speciality Chemicals ltd is ready to launch it’s IPO in the market on 22nd September 2020. Chemcon IPO Lot Size and Price (Retail) Application Lots Shares Amount (Cut-off) Minimum 1Lot 44 ₹14,960. Sept 21, 2020 - Sept 23, 2020. Let's get the complete review of Chemcon IPO, business overview, IPO dates, Chemcon IPO allotment, subscription, company financials, GMP and other information. Pharmaceutical and oilfield chemical manufacturer Chemcon Speciality Chemicals’ initial public offering (IPO) is set to open today. Its margins are also improving. The price band of the issue has been kept at Rs 338–340 per equity share. As the demand is been high for the stock so we can expect it to hit the upper circuit on listing. 318 crore IPO, comprising fresh issue of up to Rs. For good companies, it is more than 70%. IPO Closing In: Company Description – Chemcon Specialty Chemicals Ltd Is a chemical product manufacturing company that manufactures chemicals such as Bromide, Pharma Intermediates and Silanes. The reason being the high receivables. Pre Issue Share Holding 100%. With a price band of Rs 338-Rs 340, the company plans to raise up to Rs 318 crore during its three-day public offer which closes on Wednesday, September 23. Chemcon IPO Valuations. Chemcon Speciality Chemicals. The Kostak Price of Chemcon IPO is ₹0.As the Allotment is Out.. Chemc on IPO IPO Date. Earnings Per Share (EPS) = Rs 15.37 PE Ratio = To Be Updated. Know all about the latest Chemcon Speciality Chemicals IPO and invest in the new IPO online. The company has targeted to raise a total of Rs 318 crore from this IPO. 10 each by the promoters, in the price band of Rs. The price band for IPO is ₹338-340, lot size 44 shares. The IPO for Chemcon Speciality Chemicals had closed back on September 23, 2020. The receivables days have increased from 68 days in FY18 to 122 days in FY20. Chemcon IPO Equity Size This Initial Public Issue of 9,800,000 Equity Shares of Rs.10 each for cash at a price of Rs.338 to Rs.340 per equity share aggregating to Rs.318 Cr. The expected listing price of Chemcon IPO depends on many factors including demand, nature of the business, market environment and state of the economy. The face value for Chemcon Speciality Chemicals Limited IPO is Rs 10 per equity share. Chemcon IPO Kostak Price. The face value of each share is Rs 10, but the price band of the IPO is Rs.338 to Rs.340. Chemcon IPO subscribed 148.99x times, QIB 113.54x, HNI 449.14x and RII 40.53x times overall. The size of this IPO is INR 350 crores, and the company is looking to fulfill many of its financial goals through the fund generated by this Public Offering. Along with CAMS, Chemcon Speciality Chemicals is also likely to be listed on October 1. Grey Market Price is going on as Rs 250-300 The Vadodara-based company raised Rs 95.40 crore through allotment of 28.06 lakh shares to 13 anchor investors at Rs 340 per share. The Chemcon IPO grey market premium gives some hint but the actual listing price is difficult to guess. The shares listed on the bourses at ₹731, with an upside of 115% over the issue price band of ₹338 to ₹340. Issue Type. Company IPO price is reasonably priced. According to the 2018 report, it is 8th in HMDS Manufacturing, while the second largest company in CMIC Manufacturing. Chemcon shares so far has traded in the range of ₹ 743.80 to ₹ 610 so far today, as compared to issue price of ₹ 340. As the current GMP at 350 last heard, we can expect listing around 650-700 level. About Chemcon IPO. Hence, the issue price of Rs 340 per share is reasonably priced. However, for Chemcon Chemicals, it is just 16% in FY20. The total IPO size is approx Rs 165 crore. It has strong revenue growth in the last 4 years. IPO Date: Sep 21, 2020 - Sep 23, 2020: Issue Type: Book Built Issue IPO: Issue Size: 9,352,940 Eq Shares of Rs 10 (aggregating up to Rs 318.00 Cr) Fresh Issue: 4,852,940 Eq Shares of Rs 10 (aggregating up to Rs 165.00 Cr) Offer for Sale: 4,500,000 Eq Shares of Rs 10 (aggregating up to Rs 153.00 Cr) Face Value: Rs 10 per equity share: IPO Price Chemco Speciality Chemicals has fixed the price band of its Initial public offering (IPO) in the range of 338-340 per share. Face Value = Rs 10. CHEMCON Chemical IPO GMP 325 +/- 2 Kostak 475+/- 25 CAMS IPO GMP 320 +/- 2 Kostak 950 +/- 25 *To join our WhatsApp group send your … Chemcon Speciality Chemicals established in the year 1988, the company is a specialized manufacturer of chemicals like CMIC and HMDS. Chemcon Speciality Chemicals IPO will open from 21st to 23rd Sep 2020. Book Built Issue IPO. 338-340 per share. The company intends to receive only the proceeds from the fresh issue section of the offer. Currently, brokerage houses and experts are keeping a positive opinion about this IPO. The price band for the same was set on a humble price of ₹338-340 per equity. 4. The price band for Chemcon Speciality Chemicals was fixed at Rs 338-340 per share. 345-350 per equity share. The IPO comprises of a fresh issue of Rs 165 crore and an offer for sale of Rs 45 lakh equity shares by promoters Kamalkumar Rajendra Aggarwal and Naresh Vijaykumar Goyal. The GMP price last updated on Sep 30th 2020 11:57 PM. The Grey Market Premium of Chemcon IPO is ₹330.It has decreased a bit in the last few hours. Chemcon IPO share price, date, and details at Motilal Oswal. Chemcon Speciality Chemicals IPO – Subscribe for Medium to long term. The Chemcon speciality chemicals share price is given in a band, instead of a fixed value. One day before the IPO, the Vadodara-based company raised Rs … Have increased from 68 days in FY18 to 122 days in FY20 issue has been kept at Rs 338-340 equity! 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