Chemcel Bio-tech IPO
Chemcel Bio-tech IPO — date, price band, lot size & details 2008
Chemcel Bio-tech listed on 13 Oct 2008 at ₹16, flat to the ₹16 issue price.
Chemcel Bio-tech is a Vijayawada based maker of agrochemicals and bio fertilisers that used its IPO to set up a bio diesel unit. Its total income was Rs 24.62 crore in FY2008.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 13 November.
- Open 09 Sep 2008
- Close 12 Sep 2008
- Allotment TBA
- Refund/credit TBA
- Listing 13 Oct 2008
Issue summary
The terms of the offer, as filed.
| IPO Dates | 9 to 12 Sep, 2008 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 350 Shares |
| Issue Size | ₹24.64 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 5,600 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 350 shares at the ₹16 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 350 | ₹5,600 |
| Retail (max) | 35 | 12,250 | ₹1,96,000 |
| S-HNI (min) | 36 | 12,600 | ₹2,01,600 |
| S-HNI (max) | 178 | 62,300 | ₹9,96,800 |
| B-HNI (min) | 179 | 62,650 | ₹10,02,400 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 12.24 crore in FY2005 to Rs 24.62 crore in FY2008.
- 02Profit after tax rose from Rs 0.18 crore in FY2005 to Rs 1.23 crore in FY2008.
- 03Net worth rose from Rs 2.41 crore in FY2005 to Rs 13.29 crore in FY2008.
- 04Its home state, Andhra Pradesh, is India's largest state market for agrochemicals, growing about 3 to 5% a year as per the prospectus.
Risks · 5
- 01Profit after tax was only Rs 1.23 crore on income of Rs 24.62 crore in FY2008.
- 02Return on net worth was only 9.14%.
- 03Rs 9.93 crore of the issue was for a bio diesel unit, a new and untested business.
- 04Agrochemical demand depends on the monsoon and on farm incomes in 1 state, Andhra Pradesh.
- 05Promoter holding fell from 57.23% before the issue to 29.4% after it, which is very low.
Three years of numbers
All figures in ₹ crore, as reported in the Chemcel Bio-tech offer document.
| Metric | 31 Mar 2008 | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|---|
| Assets | 28.30 | 24.87 | 19.47 | 8.02 |
| Total Income | 24.62 | 23.48 | 21.80 | 12.24 |
| Profit After Tax | 1.23 | 0.94 | 0.76 | 0.18 |
| NET Worth | 13.29 | 12.05 | 7.08 | 2.41 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Chemcel Bio-tech RHP.
Where the money goes
₹24.85 Cr of the issue is earmarked to named objects.
About the company
It was set up mainly to make agrochemicals, and Andhra Pradesh, its home market, is India's largest state market for agrochemicals.
It also had a bio fertiliser division and was setting up a bio diesel unit.
The IPO was Rs 24.64 crore at a fixed price of Rs 16. The money was for the bio diesel unit, working capital for its agrochemical and bio fertiliser division and repaying loans.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Chemcel Bio-tech IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Allahabad Bank
4 issues handledBest listing: Pochiraju Industries (+50.3%). Weakest: Niraj Cement Structurals (-2.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Chemcel Bio-tech?
The current Grey Market Premium is ₹0.
What is the Chemcel Bio-tech IPO price band?
₹16, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 13 October 2008.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
