IPO Issue Details
Issue Price / Price Band₹75 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size11,95,200 shares (aggregating up to ₹8.96 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 31 Oct 2022
Subscription CloseWed, 02 Nov 2022
Anchor AllotmentSun, 30 Oct 2022
Basis of AllotmentMon, 07 Nov 2022
Initiation of RefundsWed, 09 Nov 2022
Credit of Shares to DematThu, 10 Nov 2022
Listing DateFri, 11 Nov 2022
UPI Mandate Deadline2022-11-02
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 1,600 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 3,200 shares
P/E Ratio (Pre-IPO)90.36x
Net Offer to Public11,34,400 shares (aggregating up to ₹8.51 Cr)
Reserved for Market Maker60,800 shares (aggregating up to ₹0.4560 Cr)
Pre-IPO Promoter Holding30,35,070 shares
Post-IPO Promoter Holding42,30,270 shares
About Rite Zone Chemcon India Ltd.
Incorporation in 2015, Rite Zone Chemcon India Limited deals in a range of construction chemicals and concrete products. The company offers complete construction solutions by supplying a complete range of various chemical products related to civil construction, infrastructure, building & structure including pre-construction or post construction as well as supplying all types of concrete required for construction and infrastructure developments.The company's products include Concrete Admixture, Water Proofing Systems, Concrete Lubricators, Engineering Grouts, Industrial Flooring, Concrete Repairs, Curing Compound & Mould Release Agents, Surface Treatment, Tiling & Block Products.Rite Zone Chemcon India Limited outsource the chemical products production to a third-party manufacturer. The company has also tied up with concrete manufacturers in Maharashtra for concrete production.Strengths:Wide product portfolio with a focus on quality.Quality Assurance and customer satisfaction.Asset Light business model with low fixed overheads.R&D set up for constant product improvement and new product development.Longstanding customer relationships leading to increased business opportunities.Existing committed workforce.
Objects of the Issue
Rite Zone Chemcon India Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working Capital Requirements
6.75
2
2 General Corporate Purposes
0.50
Shareholding & Lock-in
Pre-IPO Promoter Holding
30,35,070 shares
Post-IPO Promoter Holding
42,30,270 shares