Rite Zone Chemcon India Limited IPO GMP, Review, Price, Allotment
Incorporated in 2015, Rite Zone Chemcon India Limited deals with a range of building chemicals and cement products. The company offers comprehensive solutions in the field of construction, supplying an extensive array of diverse chemicals related to civil, infrastructure, buildings and structures including either before, during, or after construction, as well as providing all types of cement required in the building and development of infrastructure.
The company’s products include cement additives, water proofing systems, cement lubricants, engineering grouts, industrial flooring, cement repairs, curing compounds and mould release agents, surface treatments, and block products. Rite Zone Chemcon India Limited outsources chemical products manufacturing to third-party manufacturers.
The company has also tied up with cement manufacturers in Maharashtra to manufacture cement. The company deals with an array of building chemicals and cement products. It offers comprehensive construction solutions range related to civil, infrastructure, buildings and structures including before, during, or after-construction, as well as supplies of all types of cement required in the building and development of infrastructure.
Construction chemicals are the chemical compounds used in the building works. They are used either to accelerate a process, or to increase the resilience and strength of the structures. Adding building chemicals to different construction materials as part of construction improves the efficiency, usability, increases the function, and protects basic or customized elements of a structure.
Its range of products includes concrete additives, water proofing systems, concrete lubricants, engineering grouts, industrial flooring, concrete repair, curing compounds and mould release agents, surface treatments, and tile & block products.
Rite Zone Chemcon India Limited IPO Important Dates
| Opening Date | 31 October 2022 |
| Closing Date | 2 November 2022 |
| Basis of Allotment | 7 November 2022 |
| Initiation of refunds | 9 November 2022 |
| Transfer of shares to demat accounts | 10 November 2022 |
| Listing Date | 11 November 2022 |
Rite Zone Chemcon India Limited IPO Details
| Price Band | ₹75 per share |
| Lot Size | 1600 Shares |
| Minimum Amount for 1 lot | ₹1,20,000 |
| Total IPO size | ₹8.96 crore |
| Offer for Sale | 1,195,200 shares |
| Listing At | NSE SME |
| Retail Quota | 50% |
| QIB Quota | – |
| NII Quota | 50% |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Objects of the Issue
- To part finance the Working Capital Requirements
- General Corporate Purposes
- To meet Issue Expenses.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 666.83 | 574.77 | 15.89 | 62.53 | 61.53 | 258.12 |
| 31-Mar-21 | 677.87 | 384.21 | 0.69 | 63.26 | 62.26 | 329.3 |
| 31-Mar-22 | 1039.27 | 565.73 | 26.21 | 502.36 | 198.86 | 106.24 |
| 30-Sep-22 | 1240.92 | 1036.34 | 17.48 | 519.85 | 216.34 | 97.36 |
IPO Valuation – FY2022
| Earning Per Share (EPS): | ₹1.49 per Equity Share |
| Price/Earning P/E Ratio: | 50.34 |
| Return on Net Worth (RoNW): | 5.22% |
| Net Asset Value (NAV): | ₹16.55 per Equity Share |
Peer Group
N/A
Company Promoters
- Mr. Bhavesh Babulal Bhandari
- Mrs. Arti Bhavesh Bhandari
IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/
Company Contact Information
Rite Zone Chemcon India Ltd
Row House 11,
Beverly Park, Row House CHS Ltd
Mira Road Thane- 401107
Phone: +91 22 6884 9680
Email: cs@ritezone.in
Website: http://www.ritezone.in/
Rite Zone Chemcon India Limited IPO GMP
| GMP (Grey Market Premium) | Subject to Sauda | Listing Gain |
| ₹10 | – | 15% |
Rite Zone Chemcon India Limited IPO Review
| What our experts say about Rite Zone Chemcon India Limited IPO Review | Apply |
Rite Zone Chemcon India Limited IPO Subscription Details
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | – |
| Non-Institutional Buyers | 2.36 |
| Retail Investors | 7.10 |
| Employees | – |
| Others | – |
| Total | 4.73 |
Rite Zone Chemcon India Limited IPO Allotment Status
| Check Rite Zone Chemcon India Limited IPO Allotment Status | Click Here |
Rite Zone Chemcon India Limited IPO Listing Performance
Rite Zone Chemcon India Limited IPO Listing Price is ₹82.85
| IPO Price Band | ₹75 |
| Open | ₹82.85 |
| Low | ₹78.75 |
| High | ₹86.95 |
| Close | ₹86.95 |
FAQ
When will Rite Zone Chemcon India Limited IPO will open?
Rite Zone Chemcon India Limited IPO is set to open on 31 October 2022.
What is Rite Zone Chemcon India Limited IPO Price Band?
Rite Zone Chemcon India Limited IPO Price Band is ₹75 per share.
What is the lot size of Rite Zone Chemcon India Limited Offer?
Lot size of Rite Zone Chemcon India Limited IPO is 1600 Shares per lot.
What is Rite Zone Chemcon India Limited offer size?
Rite Zone Chemcon India Limited IPO offer size is ₹8.96 crore.
What is the last date to apply for Rite Zone Chemcon India Limited IPO?
Last date to apply Rite Zone Chemcon India Limited IPO is 2 November 2022.
What is the Rite Zone Chemcon India Limited IPO Allotment Date?
Allotment Date for Rite Zone Chemcon India Limited IPO is 7 November 2022.
What is the Rite Zone Chemcon India Limited IPO Listing Date?
Listing Date for Rite Zone Chemcon India Limited IPO is 11 November 2022.
How to Apply Rite Zone Chemcon India Limited IPO through 5 Paisa?
Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Rite Zone Chemcon India Limited IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking to Approve the mandate. Open a free Demat Account with 5 Paisa.
