CHEMCON IPO, Date, Price bands, and More details.

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Another IPO is going to hit on Dalal street on the 21st of September 2020. this time it is CHEMCON SPECIALITY CHEMICAL LTD. Chemcon aims to raise ₹223 crore through this IPO. CHEMCON is India’s largest manufacturer of specialized chemicals, such as Hexamethyldisilazane / Hexamethyldisilane (HMDS) and Chloromethyl Isopropyl Carbonate (CMIC), which are predominantly used in the pharmaceuticals industry.


CHEMCON is the only manufacturer of HMDS in India and is the eighth largest manufacturer of HMDS worldwide in terms of production in 2018. It is the largest manufacturer of CMIC in India and the second-largest manufacturer of CMIC worldwide, in terms of production and capacity in the calendar year 2018. Further, it is the only manufacturer of Zinc Bromide and the largest manufacturer of Calcium Bromide in India, in terms of production in 2018. CHEMCON has a strong network in the Indian market as well as in the international market including USA, China, Japan, UAE, Serbia, Russia, Malaysia, and Azerbaijan.

Objective of the Issue

  • Capital expenditure towards expansion of companies manufacturing facility.
  • To meet working capital requirements.
  • General corporate purpose.

Basic details about CHEMCON

Full nameChemcon Speciality Chemicals Ltd

Dates to remember

IPO Open21 September 2020
IPO Close23 September 2020
Basis of Allotment28 September 2020
Refunds date29 September 2020
Credit to Demat Account30 September 2020
 Listing Date01 October 2020

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹316.13-₹318 crores
Number of shares offered to the public9,352,941 shares
Face value₹10 per equity share
Price band₹338-₹340 per equity share
Retail portion35%
Lot size44 Nos
Minimum application1 lot – 44 shares
Maximum application13 lot – 572 shares
Minimum application amount₹14,960
maximum application amount₹1,94,480
Listing ExchangeBSE, NSE

Offer Size by Investor Category

Qualifies Institutional Buyers (QIB)50%
Non-Institutional Investors15%
Retail Investors35%

Category-wise Break up

Anchor: 28,05,883 Shares = 95.40 Crores
QIB: 18,70,588 Shares = 63.60 Crores
NII: 14,02,941 Shares = 47.70 Crores
RII: 32,73,529 Shares = 111.30 Crores

More about CHEMCON

The company supplies its products to domestic customers and also exports its products to countries including United States of America, People’s Republic of China, Japan, United Arab Emirates, Azerbaijan, Serbia, Russia and Malaysia. In FY2019, 2018 and 2017, its revenue from exports (including Deemed Exports) contributed 32.23%, 48.06% and 65.09% respectively of its revenue from operations, growing at a CAGR of 29.44% between FY2017 and FY2019.

The key customers of its Pharmaceutical Chemicals include Hetero Labs Limited, Laurus Labs Limited, Aurobindo Pharma Limited, Sanjay Chemicals (India) Private Limited, Lantech Pharmaceuticals Limited, Ind-Swift Laboratories Limited, Vivin Drugs & Pharmaceuticals Limited, Macleods Pharmaceuticals Limited and the key customers of Oilwell Completion Chemicals include Shree Radha Overseas, Water Systems Specialty Chemical DMCC, Universal Drilling Fluids and CC Gran Limited Liability Company.


  • Leading chemicals manufacturer in India.
  • Largest manufacturer of pharmaceutical chemicals across the globe.
  • Strong and consistent financial performance.
  • Dedicated manufacturing plants for each product.
  • Diversified clientele base in the domestic and global markets.

Financials Summary

ParticularsFor the year/period ended (₹ in million)
Total Assets2,257.921,730.33970.66626.80
Total Revenue2,660.173,053.261,583.91899.96
Profit After Tax488.53430.41263.8128.24

Valuation of Chemcon Speciality Chemicals (as of FY2020)

Earnings Per Share (EPS)₹15.37
Price/Earnings (PE ratio)21.99 – 22.12  
Return on Net Worth (RONW)34.23% 
Net Asset Value (NAV)₹44.91 per share

Company Promoters

  • KamalKumar Rajendra Aggarwal
  • Navdeep Naresh Goyal
  • Shubharangana Goyal

Promoter holding pre IPO: 70.85%

Chemcon IPO Lead Managers

  • Intensive Fiscal Services Private Limited
  • Ambit Private Limited

Registrar of Chemcon IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195

Chemcon Contact Details

Chemcon Speciality Chemicals Limited
9th Floor, Onyx Business Center,
Akshar Chowk, Old Padra Road, 
Vadodara 390 020 
Phone: +91 265 298 1195 

Chemcon IPO Allotment Status

Chemcon IPO allotment status will be available on Link Intime’s website.

Click on this link to get allotment status.

Chemcon IPO subscription status

No. of Times Issue Subscribed 
Shares Offered1,868,3441,407,2493,283,5806,559,173
Sep 23, 2020 113.54x449.14x41.15x149.30

Final thoughts

CHEMCON IPO is going to hit Dalal street after the huge success of the happiest minds IPO and route mobiles IPO. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.

happy investing

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