Petro Carbon & Chemicals
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 25 Jun 2024 – 27 Jun 2024
- Listing date
- 02 Jul 2024
- Face value
- ₹10 per share
- Issue price
- ₹171 per share
- Lot size
- 800 shares
- Total issue size
- ₹113 Cr
- Promoter holding
- 100.00% → 73.21% pre-issue → post-issue
- ISIN
- INE998U01015
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- GYR Capital Advisors Pvt.Ltd.
- Registered office
- Avani Signature, 6th Floor, 91A/1, Park Street, West Bengal
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 18,55,200 | — | — |
| Market maker | 4,30,400 | — | — |
Application size
Minimum 800 shares per lot, in multiples, at ₹171
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 800 | ₹1,36,800 |
| S-HNI (min) | 2 | 1,600 | ₹2,73,600 |
| S-HNI (max) | 7 | 5,600 | ₹9,57,600 |
| B-HNI (min) | 8 | 6,400 | ₹10,94,400 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|
Key performance indicators
- Return on net worth
- 66.00%
- ROCE
- 60.36%
- Debt / equity
- 0.54
- PAT margin
- 15.78%
- NAV per share
- ₹43.13
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Petro Carbon & Chemicals
Petro Carbon and Chemicals Limited (PCCL), incorporated in 2007 and converted to public in 2024, is a subsidiary of the 70-year-old Atha Group conglomerate. The company operates a single manufacturing plant in Haldia, West Bengal with an installed capacity of 93,744 MT per annum. PCCL manufactures Calcined Petroleum Coke from Raw Petroleum Coke through a high-temperature calcination process. The company primarily supplies to aluminium smelters (approximately 70% of revenue), steel manufacturers, graphite electrode producers, and titanium dioxide manufacturers. PCCL received the NALCO VIKRETA UTKARSH PURASKAR in 2018 recognizing it as the top supplier to National Aluminium Company Limited. The company follows a B2B business model with strategic focus on large tender-based orders.
Company Analysis
from RHPPetro Carbon and Chemicals Limited manufactures and markets Calcined Petroleum Coke (CPC) for the aluminium, steel, titanium dioxide, and related metallurgical industries.
Petro Carbon and Chemicals Limited (PCCL), incorporated in 2007 and converted to public in 2024, is a subsidiary of the 70-year-old Atha Group conglomerate. The company operates a single manufacturing plant in Haldia, West Bengal with an installed capacity of 93,744 MT per annum. PCCL manufactures Calcined Petroleum Coke from Raw Petroleum Coke through a high-temperature calcination process. The company primarily supplies to aluminium smelters (approximately 70% of revenue), steel manufacturers, graphite electrode producers, and titanium dioxide manufacturers. PCCL received the NALCO VIKRETA UTKARSH PURASKAR in 2018 recognizing it as the top supplier to National Aluminium Company Limited. The company follows a B2B business model with strategic focus on large tender-based orders.
Objects of the Issue
- Benefits of listing the Equity Shares on the Stock Exchanges Not specified p.88
- Offer for Sale of Equity Shares by Selling Shareholders Not specified - Offer for Sale by Selling Shareholders only p.88
Issue Structure
- Total Issue
- Up to 66,17,600 Equity Shares aggregating up to ₹[●] lakhs
- Fresh Issue
- Not Applicable - This is an Offer for Sale
- Offer for Sale
- Up to 66,17,600 Equity Shares by Promoter Selling Shareholders aggregating up to ₹[●] lakhs. Out of which 4,30,400 Equity Shares reserved for Market Maker
- Price Band
- To be decided and advertised at least two working days prior to Bid/Offer Opening Date
- Lot Size
- [●] Equity Shares and in multiples thereof
- Face Value
- ₹10 per Equity Share
Business Model
B2B manufacturing and marketing of Calcined Petroleum Coke. The company procures raw petroleum coke (95% from imports; 5% domestic), processes it through calcination at 1,200-1,350°C in rotary kilns to eliminate volatile matter and increase density, then sells the finished product to aluminium smelters, steel manufacturers, electrode producers, and other industrial users. Revenue is primarily generated through quarterly and regular tenders from major aluminium companies and other customers.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Kishor Kumar Atha | Promoter | 20.00% | — |
| Dilip Kumar Atha | Promoter | 17.44% | — |
| Gaurav Atha | Promoter | 15.00% | — |
| Vishal Atha | Promoter | 32.56% | — |
| Bharat Atha | Promoter | 15.00% | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.