Omkar Speciality Chemicals IPO
Omkar Speciality Chemicals IPO — date, price band, lot size & details 2011
Omkar Speciality Chemicals listed on 10 Feb 2011 at ₹92, 6.1% below the ₹98 issue price.
Omkar Speciality Chemicals makes speciality chemicals such as selenium, iodine and molybdenum compounds and pharma intermediates. Its total income was Rs 68.92 crore in FY2010.
Stock price
Omkar Speciality Chemicals is listed — here is the live share price.
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 12 November.
- Open 24 Jan 2011
- Close 27 Jan 2011
- Allotment 04 Feb 2011
- Refund/credit TBA
- Listing 10 Feb 2011
Issue summary
The terms of the offer, as filed.
| IPO Dates | 24 to 27 Jan, 2011 |
|---|---|
| Price Band | ₹95 – ₹98 |
| Face Value | ₹10 |
| Lot Size | 60 Shares |
| Issue Size | ₹79.38 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 5,880 |
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 60 shares at the ₹98 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 60 | ₹5,880 |
| Retail (max) | 34 | 2,040 | ₹1,99,920 |
| S-HNI (min) | 35 | 2,100 | ₹2,05,800 |
| S-HNI (max) | 170 | 10,200 | ₹9,99,600 |
| B-HNI (min) | 171 | 10,260 | ₹10,05,480 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 43.29 crore in FY2008 to Rs 68.92 crore in FY2010.
- 02Profit after tax rose from Rs 2.58 crore in FY2008 to Rs 5.13 crore in FY2010, and was Rs 5.05 crore in six months to September 2010.
- 03It makes a wide range of niche derivatives across at least 6 metals.
- 04Rs 32.16 crore of the issue was for a new Unit 4 at Badlapur.
Risks · 5
- 01Total borrowing was Rs 33.34 crore on 30 September 2010, above its net worth of Rs 20.45 crore.
- 02Its new and expanded units, costing Rs 32.16 crore and Rs 14.62 crore, carry execution risk.
- 03Raw material prices for metals such as selenium and iodine can swing widely; total assets were Rs 81.78 crore.
- 04Chemical plants carry environmental and safety risk, and all its units are at Badlapur, with Rs 10.00 crore needed for working capital.
- 05Promoters held 100% before the issue and 58.73% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Omkar Speciality Chemicals offer document.
| Metric | 30 Sep 2010 | 31 Mar 2010 | 31 Mar 2009 | 31 Mar 2008 |
|---|---|---|---|---|
| Assets | 81.78 | 61.24 | 50.38 | 27.82 |
| Total Income | 51.56 | 68.92 | 50.65 | 43.29 |
| Profit After Tax | 5.05 | 5.13 | 3.13 | 2.58 |
| NET Worth | 20.45 | 15.92 | 11.45 | 8.32 |
| Reserves and Surplus | 9.44 | 4.40 | 11.19 | 8.06 |
| Total Borrowing | 33.34 | 26.77 | 26.08 | 14.06 |
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 Omkar Speciality Chemicals RHP.
Where the money goes
₹80.00 Cr of the issue is earmarked to named objects.
About the company
It makes speciality chemicals and pharma intermediates. Its inorganic range covers molybdenum, selenium, iodine, cobalt, bismuth and tungsten derivatives, and its organic range includes tartaric acid derivatives.
Its pharma intermediates include potassium iodate, bismuth ammonium citrate and bromoform, made at units in Badlapur, Maharashtra.
The IPO was Rs 79.38 crore and was entirely fresh issue at Rs 98, the top of the Rs 95 to Rs 98 band. The money was for a new Unit 4 at Badlapur, expanding its three existing units and working capital.
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.
Omkar Speciality Chemicals 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.
Almondz Global Securities Ltd
23 issues handledBest listing: Amar Remedies (+100.0%). Weakest: First Winner Industries (-12.0%).
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 Omkar Speciality Chemicals?
The current Grey Market Premium is ₹0.
What is the Omkar Speciality Chemicals IPO price band?
₹95 to ₹98, on a face value of ₹10.
When is the allotment?
The basis of allotment is 4 February 2011, with listing on 10 February 2011.
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.
