Petro Carbon and Chemicals Limited is set to launch its IPO with a price range of ₹162 to ₹171 per share, each having a face value of ₹10. The IPO will start on Tuesday, June 25, and will close on Thursday, June 27. Investors can bid for a minimum of 800 shares and in multiples of 800 shares thereafter.
Allocation Breakdown:
- 50% for qualified institutional buyers (QIBs)
- 35% for retail investors
- 15% for non-institutional investors
- 6.50% for market makers
About the Company: Petro Carbon and Chemicals Limited, part of the Atha Group, produces and sells calcined petroleum coke (CPC). The Atha Group, founded in 1957 in Odisha, started as a mining and mineral company and has since expanded and diversified its business. The group is based in Kolkata and has a history of stability and growth.
Financial Performance:
- Revenue increased by 84.92% from the fiscal year ending March 31, 2022, to March 31, 2023.
- Profit after tax (PAT) grew by 17.8% during the same period.
IPO Details:
- The IPO aims to raise ₹113.16 crore through an offer-for-sale of up to 66,17,600 shares.
- Promoters selling shares include Kishor Kumar Atha, Dilip Kumar Atha, Gaurav Atha, Vishal Atha, and Bharat Atha.
- The purpose of the IPO is to benefit from listing on the stock exchanges and to facilitate the sale of shares by the selling shareholders.
The IPO is managed by GYR Capital Advisors Private Limited, with Bigshare Services Pvt Ltd as the registrar.
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