Rite Zone Chemcon India Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

31 Oct 2022

Close Date

02 Nov 2022

Allotment

07 Nov 2022

Listing Date

11 Nov 2022

Exchange

NSE SME

Price Band

₹75

Listing Price

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Allotment Status

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Price Band

₹75

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

11,95,200 shares (aggregating up to ₹8.96 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

30,35,070 shares

Promoters

Post-IPO Holding

42,30,270 shares

Promoters

P/E (Pre)

90.36x

UPI Deadline

2022-11-02

Mandate

Anchor AllotmentSun, 30 Oct 2022

Basis of AllotmentMon, 07 Nov 2022

Refund InitiationWed, 09 Nov 2022

Demat CreditThu, 10 Nov 2022

Listing DayFri, 11 Nov 2022

UPI Mandate Deadline2022-11-02

Sale TypeFresh Capital

Net Offer to Public11,34,400 shares (aggregating up to ₹8.51 Cr)

Market Maker Quota60,800 shares (aggregating up to ₹0.4560 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Rite Zone Chemcon India Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 02 Nov 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	60,800	—	₹0.46
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,195,200	100%	₹8.96

IPO Shares Offered

Rite Zone Chemcon India Ltd. IPO total issue size: ₹8.96 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	60,800	₹0.46	5.09%
Total	1,195,200	₹8.96	100.00%

* Based on upper price band ₹75 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹75.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹240,000
Retail (Max — 13 Lots)	13	20,800	₹1,560,000
S-HNI (Min — 14 Lots)	14	22,400	₹1,680,000
B-HNI (Min — 68 Lots)	68	108,800	₹8,160,000

* Issue Price ₹75 × Lot Size 1,600 shares

IPO Schedule

Anchor

30 Oct 2022

✓ Done

IPO Open

31 Oct 2022

✓ Done

IPO Close

02 Nov 2022

✓ Done

Allotment

07 Nov 2022

✓ Done

Refunds

09 Nov 2022

✓ Done

Demat Credit

10 Nov 2022

✓ Done

Listing Day

11 Nov 2022

✓ Done

₹75.00

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Issue ₹75.00 Live Price

About Rite Zone Chemcon India Ltd.

Incorporation in 2015, Rite Zone Chemcon India Limited deals in a range of construction chemicals and concrete products. The company offers complete construction solutions by supplying a complete range of various chemical products related to civil construction, infrastructure, building & structure including pre-construction or post construction as well as supplying all types of concrete required for construction and infrastructure developments.The company's products include Concrete Admixture, Water Proofing Systems, Concrete Lubricators, Engineering Grouts, Industrial Flooring, Concrete Repairs, Curing Compound & Mould Release Agents, Surface Treatment, Tiling & Block Products.Rite Zone Chemcon India Limited outsource the chemical products production to a third-party manufacturer. The company has also tied up with concrete manufacturers in Maharashtra for concrete production.Strengths:Wide product portfolio with a focus on quality.Quality Assurance and customer satisfaction.Asset Light business model with low fixed overheads.R&D set up for constant product improvement and new product development.Longstanding customer relationships leading to increased business opportunities.Existing committed workforce.

Objects of the Issue

1 Working Capital Requirements

2 General Corporate Purposes

3 Issue Expenses

Rite Zone Chemcon India Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹565.7

31-Mar-22

₹384.2

31-Mar-21

₹574.8

31-Mar-20

Profit After Tax (PAT)

₹26.2

31-Mar-22

₹0.7

31-Mar-21

₹15.9

31-Mar-20

Particulars	31-Mar-20	31-Mar-21	31-Mar-22
Revenue from Operations	574.77	384.21	565.73
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	15.89	0.69	26.21
Net Worth	62.53	63.26	502.36
Total Assets	666.83	677.87	1039.27
Reserves & Surplus	61.53	62.26	198.86
Borrowings	258.12	329.30	106.24
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered11,95,200 (100.00%)

Net Offer to Public11,34,400 shares (aggregating up to ₹8.51 Cr)

Reserved for Market Maker60,800 shares (aggregating up to ₹0.4560 Cr)

Pre-Issue Promoter Holding30,35,070 shares

Post-Issue Promoter Holding42,30,270 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd.

02228511022

ipo@skylinerta.com

https://www.skylinerta.com/ipo.php

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Book Running Lead Managers

Expert Global Consultants Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Rite Zone Chemcon India Ltd. IPO subscribed? ▲

Rite Zone Chemcon India Ltd. IPO is subscribed 1.00 times by Nov 02, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Rite Zone Chemcon India Ltd. IPO retail subscription status? ▼

The Rite Zone Chemcon India Ltd. IPO retail category is subscribed 1.00 times as of 02 Nov 2022. The retail portion is oversubscribed.

How to subscribe Rite Zone Chemcon India Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 31 Oct 2022 and closes 02 Nov 2022. Min investment: ₹120,000 (1 lot = 1,600 shares). UPI mandate: 2022-11-02.

How many times Rite Zone Chemcon India Ltd. IPO subscribed? ▼

The Rite Zone Chemcon India Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Rite Zone Chemcon India Ltd. IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd.) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 07 Nov 2022. Refunds: on 09 Nov 2022.

When Rite Zone Chemcon India Ltd. IPO will be listed? ▼

The Rite Zone Chemcon India Ltd. IPO listing date is 11 Nov 2022, Friday. Listed on: NSE SME. Issue price: ₹75. Estimated listing: ₹75. GMP: NIL.

When Rite Zone Chemcon India Ltd. IPO close? ▼

The Rite Zone Chemcon India Ltd. IPO closes on 02 Nov 2022, Wednesday. UPI mandate: 2022-11-02. Allotment: 07 Nov 2022. Listing: 11 Nov 2022.

Quick Actions

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Live Price LIVE

Last Price₹75.00

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Issue Price₹75.00

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Quick Summary

StatusListed

Issue Price₹75

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹75

Subscribed1.00x

Open Date31 Oct 2022

Close Date02 Nov 2022

Allotment07 Nov 2022

Listing Date11 Nov 2022

ExchangeNSE SME

UPI Deadline2022-11-02