Are you looking for information on the Rite Zone Chemcon IPO? You've come to the right place! In this blog post, we'll give you all the details you need to know about the upcoming IPO, including the date, price, review, and allotment.
Rite Zone Chemcon IPO Review
Rite Zone Chemcon is a manufacturer of construction chemicals and concrete chemicals. The company plans to list its shares on the National Stock Exchange's SME platform through an initial public offering (IPO). The IPO is scheduled to open on October 31, 2022 and will close on November 2, 2022.
The IPO aims to raise ₹8.96 crores from the sale of equity shares. The price band for the IPO has been set at ₹75 per share. The minimum lot size for the IPO is 1600 shares.
Rite Zone Chemcon's products are used in civil construction, infrastructure development, building & structure construction (pre-construction or post-construction). The company has a good number of clients to whom they provide their products.
The lead manager to the Rite Zone Chemcon IPO is ____________ and the registrar to the issue is ___________.
Rite Zone Chemcon IPO GMP Live Rates day by day with Kotak rates.
Rite Zone Chemcon IPO GMP Live Rates day by day with Kotak rates:
The much awaited Rite Zone Chemcon IPO is all set to hit the markets on October 31, 2022. The company plans to raise ₹8.96 crores through this public issue. The price band for the same has been set at ₹75 per share.
Ahead of its IPO, let's take a look at the company's GMP live rates day by day with Kotak rates.
The table below shows the live updates of Rite Zone Chemcon's GMP on a daily basis with Kotak Securities:
Rite Zone Chemcon IPO Date & Price Band Details
Rite Zone Chemcon IPO date is set for October 31, 2022 and will close on November 2, 2022. The price band is set at ₹75 per share with a market lot of 1600 shares. The company plans to raise ₹8.96 crores through this public issue. Kotak Securities will be providing live updates of Rite Zone Chemcon's GMP on a daily basis leading up to the IPO.
Rite Zone Chemcon IPO Market Lot
The market lot for the Rite Zone Chemcon IPO has been fixed at 1600 shares. This means that investors will have to bid for at least 1600 shares in order to be allocated any shares in the IPO. The total number of shares on offer in the IPO is 12,80,000 and the face value of each share is ₹10.
The minimum investment amount for the Rite Zone Chemcon IPO will therefore be ₹12 lakhs. This is assuming that investors do not make use of any lots or additional offers that may be available.
The market lot size of 1600 shares has been set keeping in mind the retail investor category. The main reason behind this is that most retail investors do not have the capacity to bid for large blocks of shares. The market lot size also provides them with an opportunity to participate in the IPO without having to commit a large amount of money.
Rite Zone Chemcon IPO Dates
The IPO of Rite Zone Chemcon is set to open on October 31, 2022 and will close on November 2, 2022. The company plans to raise ₹8.96 crores through this public issue with a price band of ₹75 per share. Kotak Securities will be providing live updates of Rite Zone Chemcon's GMP on a daily basis leading up to the IPO.
Rite Zone Chemcon IPO Form
The Rite Zone Chemcon IPO Form will be available on the website of the lead manager to the issue, Kotak Securities. The form can be downloaded from the website and investors can apply for the IPO through it. The form must be duly filled and submitted to Kotak Securities along with the required documents.
The lead manager will allot shares to successful applicants based on a randomization process. Allotment of shares will be done on a first-come-first-served basis. Applicants who have been allotted shares will be intimated through email or SMS. They will also be given a physical copy of the allotment letter.
Successful applicants who have been allotted shares will have to make payment within three working days from the date of allotment. Shares can be paid for using ASBA facility or through NEFT/RTGS. Physical shares will be dispatched to the registered address of the shareholder within six working days from the date of payment.
Unsuccessful applicants who have not been allotted shares will get a refund within seven working days from the date of finalization of basis of allotment. Refunds will be made through NEFT/RTGS and no interest will be payable on such refunds.
Rite Zone Chemcon Company Financial Report
Rite Zone Chemcon India Limited is a manufacturer of construction chemicals and concrete chemicals. They offer their products for civil construction, infrastructure development, building & structure including pre-construction or post-construction. They have a good number of clients to whom they provide their products.
The company was incorporated in the year 2010 and is based in Mumbai, Maharashtra. The company operates in two segments: Construction Chemicals and Concrete Chemicals. The Construction Chemicals segment includes admixtures, waterproofing solutions, flooring solutions, repair and rehabilitation solutions and other construction chemicals. The Concrete Chemicals segment includes concrete admixtures, superplasticizers and other concrete chemicals.
For the fiscal year ended March 31, 2020, the company's revenue from operations was Rs. 64.91 crores. The company's net profit for the same period was Rs. 10.01 crores. As of March 31, 2020, the company's total assets were Rs. 97.36 crores and its total liabilities were Rs. 21.35 crores.
Rite Zone Chemcon IPO Valuation – FY2022
Rite Zone Chemcon is set to launch its IPO on October 31, 2022 and close on November 2, 2022. The company plans to raise Rs 8.96 crores through this public offering. The IPO price band has been fixed at Rs 75 per share, with a minimum lot size of 1600 shares.
Rite Zone Chemcon India Limited is a manufacturer of construction chemicals and concrete chemicals. The company offers its products for civil construction, infrastructure development, building & structure including pre-construction or post-construction. Rite Zone Chemcon has a good number of clients to whom they provide their products.
In terms of valuation, the company's FY2022 EPS works out to be Rs 3.92. At the upper end of the price band, this values the company at 19x FY2022 earnings. This seems to be a fair valuation given that the company is expected to grow its earnings at a CAGR of around 20% over the next two years.
Peer Group
The IPO of Rite Zone Chemcon will be up against some tough competition from other companies in the same space. Some of its peers include Pidilite Industries, Kansai Nerolac Paints and Asian Paints.
Pidilite Industries is the market leader in the adhesives & sealants segment and also has a strong presence in the construction chemicals segment. The company has a market capitalization of Rs 71,000 crores and is expected to report revenues of Rs 11,700 crores in FY2022.
Kansai Nerolac Paints is India's second largest paint company with a market capitalization of Rs 35,000 crores. The company's revenues stood at Rs 10,800 crores in FY2021 and it is expected to report a revenue growth of around 10% in FY2022.
Asian Paints is India's largest paint company with a market capitalization of Rs 2 lakh crores. The company reported revenues of Rs 27,500 crores in FY2021 and is expected to grow its top line by around 12% in FY2022.
Company Promoters
The company promoters are Mr. Umesh H. Vaidya, Mrs. Jayshree U. Vaidya and Mr. Girish M. Gala.
Mr. Umesh H. Vaidya is the Chairman and Managing Director of the company. He has over 35 years of experience in the field of construction chemicals and concrete admixtures.
Mrs. Jayshree U. Vaidya is the Joint Managing Director of the company and has over 30 years of experience in marketing, sales and business development.
Mr. Girish M Gala is the Whole-Time Director of the company and has over 20 years of experience in finance, accounts, taxation and secretarial matters.
Rite Zone Chemcon IPO Registrar
The Registrar for the Rite Zone Chemcon IPO is KFin Technologies Pvt. Ltd. (formerly known as Karvy Fintech Pvt. Ltd.).
KFin Technologies is a leading provider of Registry and Transfer Agent (RTA) services in India. The company has a strong track record of providing high quality services to its clients. KFin Technologies has a wide range of services, including IPO registration, share transfer, investor relations and more.
The company has a strong team of professionals who are experienced in providing high quality services to its clients. KFin Technologies is committed to providing excellent customer service and has a strong track record of meeting the needs of its clients.
Rite Zone Chemcon IPO Allotment Status
The allotment of shares in an IPO is done through a random selection process. The allotment is done by the registrar of the IPO, who allocates shares to eligible applicants based on the number of shares applied for and the price band. The allotment status of an IPO is usually released within 2-3 days after the close of the IPO.
Investors can check the allotment status of an IPO online on the website of the registrar or on the stock exchange where the IPO is listed. The allotment status will also be available on the websites of SEBI and NSE.
To check the allotment status, investors will need their PAN number and application number. The allotment status will show the number of shares allotted and the price at which they have been allotted. Allotments are usually made at or near the cut-off price.
Once the allotment is finalized, investors will be able to see their holdings in their demat account. They will also receive an allocation advice from their broker or depository participant (DP).
Rite Zone Chemcon IPO Lead Managers
Rite Zone Chemcon's IPO is being managed by KFin Technologies Pvt. Ltd., which is a SEBI-registered investment advisor. The company was founded in 2006 and is based in Mumbai, India.
KFin Technologies Pvt. Ltd. is a leading provider of financial technology solutions. The company offers a comprehensive suite of products and services that enable businesses to streamline their financial operations and improve their bottom line.
KFin Technologies has a strong track record of providing high quality, innovative financial technology solutions to its clients. The company has a team of experienced professionals who are well-versed in the latest technologies and who are committed to providing the best possible service to their clients.
KFin Technologies is confident that it will be able to provide the best possible service to Rite Zone Chemcon and help the company to achieve its fundraising goals.
Company Address
Rite Zone Chemcon is located in Mumbai, India. The company was founded in 2010 and has been manufacturing construction chemicals and concrete chemicals since then.
The company offers its products for civil construction, infrastructure development, building & structure including pre-construction or post-construction.
Rite Zone Chemcon has a good number of clients to whom they provide their products. Some of their major clients include Larsen & Toubro Limited, Shapoorji Pallonji & Company Private Limited, JMC Projects (India) Limited, and Godrej Construction.
Rite Zone Chemcon IPO FAQs
1. What is the date of the Rite Zone Chemcon IPO?
The Rite Zone Chemcon IPO is scheduled to open on October 31 and will close on November 2, 2022.
2. What is the price band of the Rite Zone Chemcon IPO?
The price band for the Rite Zone Chemcon IPO has been fixed at Rs. 75 per share.
3. What is the lot size of the Rite Zone Chemcon IPO?
The lot size for the Rite Zone Chemcon IPO has been fixed at 1600 shares.
4. How much money does Rite Zone Chemcon hope to raise through this IPO?
Rite Zone Chemcon aims to raise Rs. 896 million through this public offering of shares.
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