Rite Zone Chemcon India Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 566,400 (47%) | — | ₹425 Cr |
| Retail | — | 568,000 (48%) | — | ₹426 Cr |
| Market Maker | — | 60,800 (5%) | — | ₹5 Cr |
| Σ Total | — | 1,195,200 (100%) | — | ₹8,964 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹120,000 |
| Retail (Max) | 13 | 20,800 | ₹1,560,000 |
| S-HNI (Min) | 14 | 22,400 | ₹1,680,000 |
| B-HNI (Min) | 67 | 107,200 | ₹8,040,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 |
|---|---|---|---|
| Revenue | 575 | 384 | 566 |
| Profit After Tax | 16 | 1 | 26 |
| Net Worth | 63 | 63 | 502 |
| Total Assets | 667 | 678 | 1,039 |
| Reserves & Surplus | 62 | 62 | 199 |
| Total Borrowing | 258 | 329 | 106 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Working Capital Requirements – 6.75
- 2 General Corporate Purposes – 0.50
- 3 Issue Expenses – 1.71
Company Overview
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.