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Rite Zone Chemcon IPO Detail

Rite Zone Chemcon IPO Detail

Rite Zone Chemcon IPO opens on October 31 and closes on November 2, 2022. According to the DRHP filed by the company with SEBI, they are planning to issue 11,95,200 shares of Rs 10 each, aggregate up to Rs 8.96 crore through this public issue.

Incorporated in 2015, Company is ISO 9001:2015 certified company and deal in range of construction chemicals and concrete products. They offer a complete construction solution by supplying a complete range of various chemical products related to civil construction, infrastructure, building, and structure, including pre-construction or post-construction, as well as all types of concrete required for construction and infrastructure developments. Construction chemicals are chemical compounds that are used in the construction industry. They are used to speed up the process or add more sustainability and strength to the structures. The addition of construction chemicals to various building materials during the construction work improves performance, workability, adds functionality, and protects the basic or customized elements of a structure.

The company’s range of products includes concrete additives, water proofing systems, concrete lubricators, engineering grouts, industrial flooring, concrete repairs, curing compounds and moulds release agents, surface treatment, tiling, and block products.

Objects of the Issue

The company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects:

  1. To part finance Working Capital Requirements of the Company  
  2. General corporate purposes
  3. To meet Public Issue Expenses

Financial Highlights

ParticularsFY 2021-22FY 2020-21FY 2019-20
Share Capital3,03,50,7001,00,0001,00,000
Net worth5,07,26,42066,64,38657,89,461
Revenue from operations4,93,33,4733,79,74,4895,74,77,801
Profit After Tax28,35,8448,74,92512,16,202
EPS (Basic and Diluted) In Rs1.490.112.61
Net Assets Value (NAV) Per Equity Shares (In Rs)16.5510.3710.25
Total Borrowing (As per Restated Balance sheet)1,06,23,8313,29,30,1852,58,11,851
(In Rs)

Rite Zone Chemcon IPO – Details

According to the DRHP filed by the company with SEBI, they are planning to issue 11,95,200 shares of Rs 10 each, aggregate up to Rs 8.96 crore through this public issue.

Issue TypeFixed Price Issue IPO
IPO PriceRs 75 per share
Face ValueRs 10 per share
Market Lot1600 shares
Issue Size11,95,200 shares of Rs 10 (Aggregating up to Rs 8.96 crore)
Fresh Issue11,95,200 shares of Rs 10 (Aggregating up to Rs 8.96 crore)
NII (HNI) Shares Offered50% of the Net offer
Retail Shares Offered50% of the Net offer
Listing AtNSE SME
PromotersMr. Bhavesh Bhandari Mrs. Arti Bhandari

Tentative Dates for Rite Zone Chemcon IPO

IPO opens onOct 31, 2022
IPO closes onNov2, 2022
Basis of Allotment publication dateNov 7, 2022
Initiation of RefundNov 9, 2022
Credit of shares to Demat AccountNov 10, 2022
IPO listingNov 11, 2022

Rite Zone Chemcon IPO – Lot Size

ApplicationsLotsSharesAmount
Retail (Min)11600Rs 1,20,000
Retail (Max)11600Rs 1,20,000

Rite Zone Chemcon Limited IPO – Promoter Holding

Pre issue share holding58.39%
Post issue share holding

Read more: Vital Chemtech IPO Detail

Rite Zone Chemcon Limited IPO – SWOT Analysis

STRENGHTH

  1. Experienced Management team having domain knowledge to scale up and expand into new opportunities
  2. Wide product portfolio addressing the needs of varied customers across the industry.
  3. Dedicated technical & functional team to provide solutions to company customers.
  4. Extensive Sales and distribution network
  5. Experience of handling large & complex projects
  6. Multi-year relationships with most customers.
  7. Improving operational efficiency

WEAKNESS

  1. The Company is dependent on few numbers of customers and suppliers for sales and purchase from top 10 customers and Top 4 suppliers. Loss of any of these large customer and supplier will significantly affect its revenues and profitability.
  2. Company rely on third parties for manufacturing of its products for performance of services carried out by Company.

OPPORTUNITY

  1. Global market is projected register a CAGR of over 5.5% during the forecast period (2021-2026).
  2. The Indian chemicals industry stood at US$ 178 billion in 2019 and is expected to reach US$ 304 billion by 2025 registering a CAGR of 9.3%. The demand for chemicals is expected to expand by 9% per annum by 2025. The chemical industry is expected to contribute US$ 300 billion to India’s GDP by 2025.

THREAT

  1. New Competitor
  2. Technology
  3. Changes in government policies

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP IPO RHP
Company Contact InformationRow House 11, Beverly Park,
Row House CHS Ltd Mira Road Thane- 401107
Phone: +91 22 6884 9680
Email: [email protected]
Website: http://www.ritezone.in/
IPO RegistrarSKYLINE FINANCIAL SERVICES PRIVATE LIMITED
Address: D-153A, 1st Floor, Okhla Industrial Area PhaseI, New Delhi – 110020, India.
Tel. Number: 011-40450193-197
Investors Grievance Id: [email protected]
Website: www.skylinerta.com  
IPO Lead Manager(s)Expert Global Consultants Private Limited

FAQ’s

The lot size of Rite Zone Chemcon IPO is 1600 shares.

November 7, 2022 is the IPO allotment date of Rite Zone Chemcon Limited.

Click here for more FAQs.

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