Last updated on November 11, 2022
Rite Zone Chemcon IPO description – The company deals in range of construction chemicals and concrete products. It offers complete construction solutions range related to civil construction, infrastructure, building & structure including pre-construction or post construction as well supplying all types of concrete required for construction and infrastructure developments. The construction chemicals are chemical compounds used in construction works. They are used to speed up the process or add more sustainability and strength to the structures. The addition of construction chemicals to various building materials during the construction work improves performance, workability, adds functionality, and protects the basic or customized elements of a structure.
Its range of products includes Concrete Admixture, Water Proofing Systems, Concrete Lubricator, Engineering Grouts, Industrial Flooring, Concrete Repairs, Curing Compound & Mould Release Agent, Surface Treatment, Tiling & Block Products.
Rite Zone Chemcon also deals in 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.
Promoters of Rite Zone Chemcon – Mr Bhavesh Babulal Bhandari & Mrs Arti Bhavesh Bhandar
Rite Zone Chemcon IPO Details
| Rite Zone Chemcon IPO Dates | 31 October – 2 November 2022 |
| Rite Zone Chemcon IPO Price | INR 75 per share |
| Fresh issue | 11,95,200 shares (INR 8.96 crore) |
| Offer For Sale | Nil |
| Total IPO size | 11,95,200 shares (INR 8.96 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 1,20,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Rite Zone Chemcon Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 |
| Revenue | 574.78 | 379.74 | 493.33 | 1,034.08 |
| EBITDA | 554.68 | 383.26 | 511.88 | 1,004.76 |
| Net income | 15.89 | 0.69 | 26.21 | 17.48 |
Rite Zone Chemcon Offer News
Rite Zone Chemcon Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 2.61 | 0.11 | 1.49 |
| PE ratio | – | – | 50.34 |
| RONW (%) | 25.41 | 1.09 | 5.22 |
| NAV | – | – | 16.55 |
| EBITDA % | 3.38 | 3.09 | 4.78 |
| Debt to Equity | 4.13 | 5.21 | 0.21 |
Rite Zone Chemcon IPO GMP Daily Trend
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 9 Nov 2022 | 5 | – | – |
| 8 Nov 2022 | 5 | – | 7,000 |
| 7 Nov 2022 | 5 | – | 7,000 |
| 4 Nov 2022 | 5 | – | 10,000 |
| 3 Nov 2022 | – | – | 15,000 |
| 2 Nov 2022 | – | – | 15,000 |
| 1 Nov 2022 | – | – | 20,000 |
| 31 Oct 2022 | – | – | 30,000 |
| 29 Oct 2022 | – | – | 30,000 |
Rite Zone Chemcon Offer Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Day 1 | 0.58 | 0.91 | 0.74 |
| Day 2 | 0.99 | 2.30 | 1.65 |
| Day 3 | 2.24 | 6.77 | 4.49 |
Rite Zone Chemcon Offer Lead Manager
EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
1511, RG Trade Tower Netaji Subhash Place,
Pitampura, New Delhi – 110 034, India
Phone: 011 4509 8234
Email: [email protected]
Website: www.expertglobal.in
Rite Zone Chemcon Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor,
Okhla Industrial Area, Phase -I
New Delhi-110020
Phone: +91-11-40450193/97
Email: [email protected]
Website: www.skylinerta.com
Rite Zone Chemcon Contact Details
RITE ZONE CHEMCON LIMITED
Row House 11, Beverly Park,
Row House CHS Ltd
Mira Road Thane- 401107
Phone: +91 22 68849680
E-Mail: [email protected]
Website: www.ritezone.in
Rite Zone Chemcon IPO Allotment Status
Rite Zone Chemcon IPO allotment is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Rite Zone Chemcon IPO Dates & Listing Performance
| Rite Zone Chemcon IPO Opening Date | 31 October 2022 |
| Rite Zone Chemcon IPO Closing Date | 2 November 2022 |
| Finalisation of Basis of Allotment | 7 November 2022 |
| Initiation of refunds | 9 November 2022 |
| Transfer of shares to demat accounts | 10 November 2022 |
| Rite Zone Chemcon IPO Listing Date | 11 November 2022 |
| Opening Price on NSE SME | INR 82.85 per share (up 10.47%) |
| Closing Price on NSE SME | INR 86.95 per share (up 15.93%) |
Rite Zone Chemcon IPO FAQs
What is Rite Zone Chemcon offer size?
Rite Zone Chemcon offer size is INR 8.96 crore.
What is Rite Zone Chemcon IPO Price Band?
Rite Zone Chemcon public offer price is INR 75 per share.
What is the lot size of Rite Zone Chemcon IPO?
Rite Zone Chemcon offer lot size is 1,600 shares.
What is Rite Zone Chemcon IPO GMP today?
Rite Zone Chemcon IPO GMP today is INR 5 per share.
What is Rite Zone Chemcon kostak rate today?
Rite Zone Chemcon kostak rate today is NA per application.
What is Rite Zone Chemcon Subject to Sauda rate today?
Rite Zone Chemcon Subject to Sauda rate today is INR NA per application.
