Rite Zone Chemcon IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 02, 2022Let’s have a detailed review of the company and analytics of the Rite Zone Chemcon IPO release date, IPO offer price, subscription, Rite Zone Chemcon Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 75 |
| Listing At | NSE SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | Nov 11, 2022 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 896 Lakh |
| IPO Size | Rs 896 Lakh |
| Tick Size | 1 |
Rite Zone Chemcon IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Rite Zone Chemcon IPO – Summary
Incorporated in 2015, the Company is an ISO 9001:2015 certified company and deals in a range of construction chemicals and concrete products.
They offer 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 Promoter of this company is MR. BHAVESH BABULAL BHANDARI AND MRS. ARTI BHAVESH BHANDARI. The lead manager to the issue is Expert Global Consultants Private Limited, and the Registrar to this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
Rite Zone Chemcon IPO Date
The opening and closing dates of Rite Zone Chemcon IPO are Oct 31, 2022, and Nov 2, 2022, respectively.
Rite Zone Chemcon IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 31st Oct | 0.61x | 0.96x | 0.78x |
| 2nd Day -1st Nov | 1.05x | 2.48x | 1.76x |
| 3rd Day – 2nd Nov | 2.36x | 7.10x | 4.73x |
| Shares Offered or Net Issue | 566,400 | 568,000 | 1,134,400 |
The shares subscribed by the public will be updated here.
Rite Zone Chemcon IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Rite Zone Chemcon Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Nov 7, 2022 |
| Refunds Initiation | Nov 9, 2022 |
| Credit of Shares to Demat Account | Nov 10, 2022 |
| Share Listing Date | Nov 11, 2022 |
Rite Zone Chemcon IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.75
Rite Zone Chemcon IPO Equity Size
This Initial Public Issue of 1,195,200 Equity Shares of Rs.10 each for cash at a price of Rs.75 per equity share aggregating to Rs.896 Lakh.
Rite Zone Chemcon IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,195,200 Equity Shares of Rs.10/ each.
Issue Size: 1,195,200 Equity Shares of Rs.10 each, aggregating to Rs.896 Lakh
Open Free Demat Account Now!
Rite Zone Chemcon IPO – Live Performance
The listing date of this IPO is Nov 11, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Rite Zone Chemcon Share Price |
Rite Zone Chemcon IPO Grey Market Premium
The Rite Zone Chemcon Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Rite Zone Chemcon IPO – Company Overview
Their range of products includes Concrete Admixture, Water Proofing Systems, Concrete lubricators, Engineering Grouts, Industrial Flooring, Concrete Repairs, Curing Compound & Mould Release Agent, Surface Treatment, and Tiling & Block Products.
Their Company also deal in a range of concrete products such as slump concrete, flowable concrete, self-compaction concrete (SCC), Light Weight Concrete, Stamp Concrete, Color Concrete, PQC Concrete, Early Strength Concrete, Reinforce Concrete, Shotcrete Concrete, Precast Concrete, Pile Concrete, Air Entrench Concrete, Prestressed Concrete, High Strength Concrete Etc.
Also, they have tied up with concrete manufacturers in Maharashtra for the production of concrete. The majority of these manufacturers are located on the outskirts of Mumbai city, which enables the continuous and smooth supply of concrete to overall Mumbai, Navi Mumbai and Thane city.
Rite Zone Chemcon IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR) | ||||
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 12,40,92,856 | 10,39,27,086 | 6,77,87,082 | 6,66,83,127 |
| *Total Revenue | 10,36,34,615 | 5,65,73,915 | 3,84,21,251 | 5,74,77,801 |
| Total Expense | 10,04,76,202 | 5,11,88,106 | 3,83,25,530 | 5,54,68,225 |
| Profit After Tax | 17,48,398 | 26,20,558 | 69,173 | 15,89,276 |
Earnings per Equity Share (in Lakh)
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 0.58 | 1.49 | 0.11 | 2.61 |
Further, their PAT for the period ended on Sep 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 17,48,398, Rs. 26,20,558, Rs. 69,173 and Rs. 15,89,276 respectively.
Rite Zone Chemcon IPO – Promoters
The Promoter of this company is:
- MR. BHAVESH BABULAL BHANDARI
- MRS. ARTI BHAVESH BHANDARI
List of Related Parties (Key Managerial Personnel)
- Bhavesh Babulal Bhandari, Managing Director and Chairman
- Arti Bhavesh Bhandari, Executive Director
- Siddharth Banerjee, Executive Director
- Devang Nandkishor Trivedi, Non-Executive Independent Director
- Mirali Kishorbhai Raja, Non-Executive Independent Director
Rite Zone Chemcon IPO – Promoters Holding
- Pre-Issue Share Holding – 58.39%
- Post Issue Share Holding – %
Rite Zone Chemcon IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 1,195,200 Equity Shares aggregating up to Rs.896 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 60,800 Equity Shares aggregating up to Rs.45.60 Lakh |
| Net Issue to the Public | Up to 11,34,400 Equity Shares aggregating up to Rs.850.80 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 5,68,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 5,66,400 Equity Shares |
| Equity Shares outstanding prior to the Issue | 30,35,070 Equity Shares |
| Equity Shares outstanding after the Issue | 4230270 Equity Shares |
Rite Zone Chemcon IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To part finance the Working Capital Requirements;
2. General Corporate Purposes; and
3. To meet Issue Expenses.
Rite Zone Chemcon IPO – Business Strategy
- Expand their market in retail segment products
- Sourcing the Raw material
- Stable revenue stream from Government companies projects through sub-contractors
- Expand their supplier base
Rite Zone Chemcon IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Management team having domain knowledge to scale up and expand into new opportunities
- Wide product portfolio addressing the needs of varied customers across the industry.
- Dedicated technical & functional team to provide solutions to their customers
- Extensive Sales and distribution network
- Experience of handling large & complex projects
- Multi-year relationships with most customers.
- Improving operational efficiency
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 1.49 | 5.22 | 16.55 |
| 31-Mar-21 | 0.11 | 1.09 | – |
| Mar-20 | 2.61 | 25.41 | – |
Rite Zone Chemcon IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs.) | |
| Rite Zone Chemcon Limited | 10 | [●] | 1.49 | 5.22 | 10,36,34,615 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Rite Zone Chemcon IPO Lead Managers
| Lead Managers |
| Expert Global Consultants Private Limited 1511, RG Trade Tower Netaji Subhash Place, Pitampura, New Delhi – 110 034, India Telephone: 011 4509 8234 Email: ipo@expertglobal.in Website: www.expertglobal.in Investor grievance email: compliance@expertglobal.in Contact Person: Mr. Gaurav Jain SEBI registration number: INM000012874 CIN: U74110DL2010PTC205995 |
Rite Zone Chemcon IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi – 110020, India Telephone: 011-40450193-197 Facsimile: 011-26812683 Email:ipo@skylinerta.com; Investor Grievance Email: grievances@skylinerta.com Contact Person: Ms. Rati Gupta Website: www.skylinerta.com SEBI Registration Number: INR000003241 CIN: U74899DL1995PTC071324 |
Rite Zone Chemcon IPO – Other Details
- Statutory Auditor – M/s Kumbhat & Co., Chartered Accountants
- Legal Counsel to the Company – Zastriya, Attorneys & Legal Consultants
- Bankers to the Company – HDFC Bank Limited
Rite Zone Chemcon IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to Rite Zone Chemcon IPO
Rite Zone Chemcon Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Rite Zone Chemcon IPO Review FAQs
Check out various FAQs related to Rite Zone Chemcon IPO:
What is the Issue Size of Rite Zone Chemcon IPO?
The Company is making an initial public offer of 1,195,200 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Rite Zone Chemcon IPO?
The price band for this particular IPO ranges between Rs. 75. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Rite Zone Chemcon IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Oct 31, 2022, while the closing date is set at Nov 2, 2022.
What is the Rite Zone Chemcon IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Nov 7, 2022, refund initiation is on Nov 9, 2022, credit of shares is on Nov 10, 2022, and share listing date is on Nov 11, 2022.
What is the Rite Zone IPO Listing Date?
Shares of this company shall be listed in the exchanges Nov 11, 2022. The date, when the listing would be done, is stagnant on Nov 11, 2022.
Who is the Registrar of Rite Zone IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Rite Zone IPO?
Here are the promoters of this IPO – MR. BHAVESH BABULAL BHANDARI AND MRS. ARTI BHAVESH BHANDARI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Rite Zone IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Rite Zone IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Rite Zone Chemcon Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in INR is 26,20,558, 2021 is 69,173, 2020 is 15,89,276. PAT from Sep 2022 is 17,48,398.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics