The Petro Carbon and Chemicals IPO is an offer-for-sale issue valued at ₹113.16 crores, consisting entirely of 66.18 lakh shares. The subscription window for the IPO of Petro Carbon and Chemicals opens on June 25, 2024, and it will close on June 27, 2024. The allotment process is expected to be finalized on Friday, June 28, 2024. The company plans to list its shares on the NSE SME, with a tentative listing date set for Tuesday, July 2, 2024.
The price band for the Petro Carbon and Chemicals IPO is ₹162 to ₹171 per share. Retail investors can apply for a minimum lot size of 800 shares, requiring an investment of ₹136,800. High Net Worth Individuals (HNIs) can invest in a minimum of 2 lots (1,600 shares), totaling ₹273,600.
Notably, Petro Carbon and Chemicals operates in the petrochemicals sector, specializing in the production of various chemical products. The book running lead manager for this IPO is GYR Capital Advisors Private Limited, while Bigshare Services Pvt Ltd serves as the registrar for the issue.
Petro Carbon and Chemicals IPO Details:
| Company Name | Petro Carbon and Chemicals |
| Sector | Chemical Production |
| IPO Type | SME |
| IPO Open date | 25th June 2024 |
| IPO Close date | 27th June 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Petro Carbon and Chemicals IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 800 | 1,36,800 |
| HNI (Min) | 2 | 1600 | 2,73,600 |
Petro Carbon and Chemicals IPO Timeline:
| IPO Open Date | 25th June 2024 |
| IPO Close Date | 27th June 2024 |
| Basis of Allotment | 28th June 2024 |
| Refund Initiation Date | 01st July 2024 |
| Shares Credit to Demat | 01st July 2024 |
| Listing Date | 02nd July 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
