Rite Zone Chemcon India
NSE SME₹120,000 / 1600 Shares
Rite Zone Chemcon India IPO Details
The Rite Zone Chemcon India IPO price band is set between ₹75 per equity share, with a face value of ₹10 per share. The issue is managed by Skyline Financial Services Private Ltd, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 31 Oct, 2022 and closes on 2 Nov, 2022. Investors can check the allotment status on 7 Nov, 2022, while the listing date is tentatively scheduled for 11 Nov, 2022.
The total issue size is 1,195,200 shares of ₹10, aggregating up to ₹8.96 Cr. Stay tuned for the latest Rite Zone Chemcon India IPO review and GMP updates.
Rite Zone Chemcon India IPO Review, Rating & Analysis
Rite Zone Chemcon India IPO Review
NO REVIEWRite Zone Chemcon India IPO Rating
Rite Zone Chemcon India IPO Highlights
IPO Date
Oct 31, 2022 - Nov 2, 2022
Listing Date
11 Nov, 2022
Face Value
₹10 Per Equity Share
Price Band
₹75 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Rite Zone Chemcon India IPO Lot Size
The minimum market lot for Rite Zone Chemcon India IPO is 1600 shares with an application amount of ₹1,20,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,20,000 |
| Retail (Max) | 1 | 1600 | ₹1,20,000 |
| S-HNI (Min) | 2 | 3200 | ₹2,40,000 |
| S-HNI (Max) | 8 | 12800 | ₹9,60,000 |
| B-HNI (Min) | 9 | 14400 | ₹10,80,000 |
Rite Zone Chemcon India IPO Timeline
Issue Price
₹75 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Skyline Financial Services Private LtdLead Manager
Expert Global Consultants Private LimitedIssue Size
1,195,200 shares of ₹10(aggregating up to ₹8.96 Cr)Rite Zone Chemcon India IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 22 | 1039.27 | 565.73 | 26.21 | - | - | - |
| 31 Mar 21 | 677.87 | 384.21 | 0.69 | - | - | - |
| 31 Mar 20 | 666.83 | 574.77 | 15.89 | - | - | - |
All values are in ₹ Lakh
Promoters & Share Holding
Promoter(s) Name
- Mr. Bhavesh Babulal Bhandari
- Mrs. Arti Bhavesh Bhandari
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 58.39% | % |
About Company
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.
Rite Zone Chemcon India IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 566,400 | 568,000 | 1,134,400 |
Day 1 -31-10-22 06:00 PM | 0.61 x | 0.96 x | 0.78 x |
Day 2 -01-11-22 06:00 PM | 1.05 x | 2.42 x | 1.74 x |
Day 3 -02-11-22 06:00 PM | 2.36 x | 7.10 x | 4.73 x |
Frequently Asked Questions about Rite Zone Chemcon India IPO
When will Rite Zone Chemcon India IPO open for subscription?
The Rite Zone Chemcon India IPO opens on 31 Oct, 2022 and closes on 2 Nov, 2022.
What is the investors portion for Rite Zone Chemcon India IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 568000.
How to apply for Rite Zone Chemcon India IPO?
You can apply for Rite Zone Chemcon India IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Rite Zone Chemcon India IPO?
The issue size of Rite Zone Chemcon India IPO is approx ₹1,195,200 shares of ₹10(aggregating up to ₹8.96 Cr) crores.
What is the price band of Rite Zone Chemcon India IPO?
The price band for Rite Zone Chemcon India IPO is ₹75 per equity share to ₹undefined.
What is the lot size of Rite Zone Chemcon India IPO?
The minimum bid (lot size) for Rite Zone Chemcon India IPO is N/A shares with an investment of approx ₹120,000 .
What is the allotment date of Rite Zone Chemcon India IPO?
The allotment date for Rite Zone Chemcon India IPO is 7 Nov, 2022.
What is the listing date of Rite Zone Chemcon India IPO?
The listing date for Rite Zone Chemcon India IPO is expected to be 11 Nov, 2022.
What is the GMP of Rite Zone Chemcon India IPO?
The latest Grey Market Premium (GMP) for Rite Zone Chemcon India IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.