Petro Carbon & Chemicals Ltd

Petro Carbon & Chemicals Ltd IPO

IPO Price Range: ₹162 - 171

Petro Carbon and Chemicals Limited (PCCL) is a ATHA Group (the Group) Company engaged in the business of manufacturing and marketing of Calcined Petroleum Coke (CPC) in the carbon industry. Atha Group is a multi- product, multi-technology, multi-location business conglomerate. It is a 70 year old diversified Indian business house headquartered in Kolkata. The Company was founded by Mr. Kishor Kumar Atha in the year 1957 in Odisha as a Mining and Minerals company. Since the last decade, the group has been focusing towards its growth strategy of business diversification, forward and backward integrations and acquisition of projects, which has significantly helped the group maintain consistency in performance and growth.PCCLs business model is fundamentally a B2B model wherein we majorly supply our end product CPC, to the renowned, aluminum manufacturing government companies, graphite electrodes and titanium dioxide manufacturers as well as other users in the metallurgical, chemical industries and other steel manufacturing companies. In 2018, the company was honoured with the prestigious NALCO VIKRETA UTKARSH PURASKAR, recognizing us as the top supplier among all the suppliers of POL (Petroleum, Oil, and Lubricants) by the National Aluminium Company Limited.

Min Investment

₹1,36,800

IPO Size

₹113 Cr

IPO Status

Closed

Quantity in 1 Lot

800

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Petro Carbon & Chemicals Ltd

Open Date25 Jun 2024
Close Date27 Jun 2024
Allotment Date28 Jun 2024
Listing Date2 Jul 2024

Key Statistics

Bid Opening DateBid Opening Date25 Jun 2024
Bid Closing DateBid Closing Date27 Jun 2024
Allotment DateAllotment Date28 Jun 2024
Issue SizeIssue Size₹113.16Cr
Quantity in 1 lotQuantity in 1 lot800

Strength and risks

Strength

Strength

  • Well positioned to capture the growth potential of the Indian carbon industry.

  • Track record of growth and efficient operations.

  • Strategic location of its plant provides it with competitive advantages.

  • Strong track record of financial performance.

  • Experienced senior management and large pools of skilled manpower.


Risk

Risk

  • The Promoter Selling Shareholders, will receive the entire proceeds from the Offer for Sale. The Company will not receive or benefit from any proceeds from the Offer for Sale.

  • The company depends on the success of its relationships with its customers. The company revenue is generated from certain of its key customers, and the loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for its products could adversely affect the companys business, results of operations, financial condition and cash flows.

  • The Company derives a substantial portion of its revenues from sales of aluminium and steel industry and has a single product CPC.

  • In the event the company is unable to procure adequate amount of raw material, at competitive prices, its business, results of operations and financial condition may be adversely affected. Further, the company generally does not enter into agreements with its suppliers and accordingly may face disruptions in supply from the current suppliers.

  • The company is subject to strict technical specifications and quality requirements provided by its customers and failure to comply with the technical specifications and quality standards prescribed by such customers may lead to loss of business from such customers and could negatively impact its reputation, which would have an adverse impact on the companys business prospects and results of operation.

  • Any reduction in the demand of its products could lead to underutilisation of the companys manufacturing capacity. Its may also face surplus production of a particular product due to various reasons including inaccurate forecasting of customer requirements, which could adversely affect its business, results of operations, financial conditions and cash flows.

  • Prices and sales volumes for its CPC are dependent on the aluminium industry, and any decrease in such demand or prices could adversely affect the company revenues and results of operations.

  • The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.

  • The company depends on certain key suppliers for its raw materials and other components required for the companys manufacturing process which could result in delays and adversely affect its output.

  • The company depends on key equipment and machinery, and the non-availability of such equipment at reasonable cost may adversely affect its operations and financial results.

Promoters Holding

Investors Holdings %
Kishor Kumar Atha20%
Dilip Kumar Atha17.44%
Gaurav Atha15%
Vishal Atha32.56%
Bharat Atha15%

About Petro Carbon & Chemicals Ltd

OrganisationPetro Carbon & Chemicals Ltd
HeadquartersKolkata
IndustryChemicals

Frequently Asked Questions

  • What is the size of the Petro Carbon & Chemicals Ltd IPO?

    The size of the Petro Carbon & Chemicals Ltd IPO is ₹113.16Cr .

  • What is 'pre-apply' for Petro Carbon & Chemicals Ltd IPO?

    'Pre-apply' for Petro Carbon & Chemicals Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Petro Carbon & Chemicals Ltd IPO order be placed?

    Your Petro Carbon & Chemicals Ltd IPO order will be placed on 25 Jun 2024.

  • What are the open and close dates of the Petro Carbon & Chemicals Ltd IPO?

    The open and close dates of the Petro Carbon & Chemicals Ltd IPO are 25 Jun 2024 to 27 Jun 2024.

  • What is the lot size and minimum order quantity of the Petro Carbon & Chemicals Ltd IPO?

    The lot size and minimum order quantity of the Petro Carbon & Chemicals Ltd IPO are 800 and 800 respectively.

  • What would be the listing gains on the Petro Carbon & Chemicals Ltd IPO?

    The potential listing gains on the Petro Carbon & Chemicals Ltd IPO will depend on various market factors and cannot be predicted with certainty.