Chemcel Biotech’s initial public offering (IPO) has a set price of Rs 24.64 crore. Chemcel Biotech’s initial public offering (IPO) began on September 9, 2008 and ended on September 12, 2008. On October 13, 2008, the shares were listed on the BSE. Chemcel Biotech’s initial public offering (IPO) price is $16 per share.
Chemcel Biotech Limited, founded in 1995, is in the business of producing agrochemicals. The primary products of the company are liquids, granules, and dust. Chemcel Biotech has CIB registrations for 34 items used in the production of pesticides for crops such as paddy, cotton, sugarcane, turmeric, chilies, pulses, vegetables, and so on. They have 34 items in their product line, all of which are insecticides. Chemcel Biotech produces a wide range of formulations, including liquids, granules, and powders. The company’s goods are available in a variety of container sizes
to meet the demands of small, marginal, and big farms. Compant’s product line covers the majority of crops and plant diseases. Through its distributors, they offer complete plant protection solutions to farmers.
They have registration certificates for 34 compositions. CHEMCEL HEXA, COUNTER, COSY, and CELPHATE are the company’s best-selling formulas. The company has established a production center in Kanuru, Vijayawada, Andhra Pradesh, to manufacture a wide range of insecticides, which is adjacent to the rice belts of Krishna and Godavari districts, as well as the commercial belts of Guntur and Khammam.
Chemcel Biotech IPO Details
|IPO Date||September 9, 2008 to September 12, 2008|
|Listing Date||October 13, 2008|
|Face Value||₹10 per share|
|Price||₹16 per share|
|Total Issue Size||15,400,000 shares.
(aggregating up to ₹24.64 Cr)
|Issue Type||Fixed Price Issue IPO|
Chemcel Biotech Company Financials
|Particulars For the year/period ended (Rs. in Lacs)||30-Jun-07||31-Mar-07||31-Mar-06||31-Mar-05||31-Mar-04|
|Profit After Tax (PAT)||10.37||93.62||75.68||18.39||8.41|
Objects of the Issue (Chemcel Biotech IPO Objectives)
The objects of the issue are to achieve the benefits of listing on the stock exchanges and to raise capital.
- To set up Bio-Diesel manufacturing unit,
- To meet the additional Working Capital requirement on account of increased operations for the Agrochemical & Bio Fertilizer division;
- To repay short-term loan of Rs 120.00 Lakhs availed from Union Bank of India for meeting the project expenses;
- To partially repay the working capital loan facility availed from Union Bank of India;
- To meet the public issue expenses,
- To achieve the benefits of listing our company’s shares on Bombay Stock Exchange Limited (BSE),
Chemcel Biotech IPO Listing Details
|Listing Date||October 13, 2008|
|BSE Script Code||533026|
|Final Issue Price||₹16 per share|
Chemcel Biotech Listing Day Trading Information
|Final Issue Price||₹16.00|
Chemcel Biotech IPO FAQs
Q1. What is Chemcel Biotech IPO?
Ans. Chemcel Biotech IPO is a main-board IPO of 15,400,000 equity shares of the face value of ₹10 aggregating up to ₹24.64 Crores. The issue is priced at ₹16 per share. The IPO opens on September 9, 2008, and closes on September 12, 2008. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.
Q2. When Chemcel Biotech IPO will open?
Ans. The Chemcel Biotech IPO opens on September 9, 2008 and closes on September 12, 2008.
Q3. When is Chemcel Biotech IPO allotment?
Ans. The finalization of Basis of Allotment for Chemcel Biotech IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
Q4. When is Chemcel Biotech IPO listing date?
Ans. The Chemcel Biotech IPO listing date is on October 13, 2008.