
Basic Materials / Chemicals Manufacturing · NSE / BSE
Chemcon Speciality Chemicals Ltd, incorporated in 1988, is engaged in the manufacturing of specialised chemicals such as HMDS and CMIC, along with oilfield chemicals including calcium bromide, sodium bromide, and zinc bromide, pharma intermediates, silanes, and contract manufacturing services. Pharmaceutical chemicals form the largest part of its revenue, with key customers comprising Hetero Labs, Laurus Labs, Aurobindo Pharma, Lantech Pharmaceuticals, and Macleods Pharma, while in the oilfield chemicals segment it caters to clients like Shree Radha Overseas, Universal Drilling Fluids, and Water Systems Speciality. In 2018, the company ranked as the eighth-largest HMDS manufacturer and the second-largest CMIC manufacturer globally, highlighting its strong market position. Chemcon serves both domestic and international markets, exporting to countries such as the USA, China, Japan, UAE, Serbia, Russia, Malaysia, and Azerbaijan, and operates its manufacturing facility at Manjusar near Vadodara, Gujarat, which includes five production plants, three owned warehouses, and two leased warehouses.
Price Band
₹338 – ₹340
Issue Size
₹318 Cr
Lot Size
44 shares
GMP
+91.2%
Est. Listing
₹650
at current GMP
Subscribed
149.30x
overall
Open
21 Sep 2020
Close
23 Sep 2020
Allotment
29 Sep 2020
Refund
30 Sep 2020
Demat Credit
1 Oct 2020
Listing
1 Oct 2020
Overall Subscription
149.30x
Total Demand
QIB Multiplier
113.54x
Institutions & Funds
NII / HNI
449.14x
High Net-Worth
Retail (RII)
41.15x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,868,344 | 212,124,704 | 113.54x |
| NIB | 1,407,249 | 632,057,844 | 449.14x |
| RETAIL | 3,283,580 | 135,104,420 | 41.15x |
| Total | 6,559,173 | 979,286,968 | 149.30x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 74,398 | 3,061,478 | 41.15x |
| HNIs (10L +) | 476 | 213,791 | 449.14x |
| HNIs (2-10L) | 2,278 | 1,023,141 | 449.14x |
| Total Applications | 77,152 | 4,298,410 | 55.71x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Chemcon Speciality Chemicals Limited is bringing an initial public offering (IPO) in the Basic Materials / Chemicals Manufacturing sector with an aggregate issue size of ₹318 Crores. The shares are offered at a price band of ₹338 to ₹340 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2020-09-23, the basis of allotment is scheduled to be finalized on 2020-09-29. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
The latest Grey Market Premium (GMP) for Chemcon Speciality Chemicals Limited IPO is ₹310 per equity share. Based on the upper price band of ₹338 to ₹340 per equity share, the estimated listing price is ₹650 (+91.2% expected listing gain).
With a lot size of 44 shares and current GMP of ₹310, the expected profit per application lot is approx ₹13,640 (+91.2% gain). Minimum application cost is approx ₹14,960.
The Chemcon Speciality Chemicals Limited IPO aggregate issue size is ₹318 Crores with an equity price band set at ₹338 to ₹340 per equity share. The retail lot size is 44 shares requiring a minimum capital outlay of approx. ₹14,960.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 149.30x (Retail: 41.15x, QIB: 113.54x, NII: 449.14x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2020-09-29. Investors can verify status using PAN card or application number.
Chemcon Speciality Chemicals Limited shares are scheduled to list on NSE and BSE on 2020-10-01.