Chemcon is the manufacturer of specialised chemicals, such as HMDS and CMIC which are predominantly used in the pharmaceuticals industry (the “Pharmaceutical Chemicals”), and inorganic bromides, namely Calcium Bromide, Zinc Bromide and Sodium Bromide, which are predominantly used as completion fluids in the oilfields industry (the “Oilwell Completion Chemicals”).
Products that are manufactured by the company are:
1. HMDS and ancillary products (including hi-purity HMDS)
3. 4 CBC
Oilwell Completion Chemicals
1. Calcium Bromide (solution and powder)
2. Zinc Bromide (solution)
3. Sodium Bromide (solution and powder)
We were the only manufacturer of HMDS in India and were the third largest manufacturer of HMDS worldwide in terms of production in the calendar year 2019.
We were the largest manufacturer of CMIC in India and the second largest manufacturer of CMICworldwide, in terms of production and capacity in calendar year 2019.
HMDS is widely used in manufacturing of antibiotics such as penicillin, cephalosporins and other types of penicillin derivatives.
CMIC is mainly used in pharmaceutical industry as a key intermediate for anti-AIDS and anti-hepatitis B drug Tenofovir.
Pharmaceutical intermediates are the chemical compounds that form the building blocks used in production of active pharmaceutical ingredient (API). The global market of chemicals used as pharma intermediates was valued at about USD 27 Bn in 2019 and is expected to grow at a CAGR of 4% between 2020 and 2023.
The overall market of chemicals used as pharma intermediates is anticipated to grow at 7-9% CAGR over the 5 year forecast period.
Promoters of the company
Kamalkumar Rajendra Aggarwal, Navdeep Naresh Goyal and Shubharangana Goyal are our Promoters.
We are a leading manufacturer globally of the Pharmaceutical Chemicals and we are a leading manufacturer in India of the Oilwell Completion Chemicals
Diversified customer base coupled with long standing relationships
Our top five customers and our top ten customers contributed 59.35% and 72.26%, respectively of our total revenue from operations in Fiscal 2020
We have established relationships with our key customers. For instance, we conduct business with Aurobindo Pharma Limited on the basis of purchase orders and they have been our client for over 20 years. 68.61% of our total revenue from operations in Fiscal 2020 was contributed by customers who have been consistently purchasing our products over the last five years.
Kamalkumar Rajendra Aggarwal
Designation: Chairman and Managing Director
Rajesh Chimanlal Gandhi
Designation: Whole-time Director and Chief Financial
Objects of the Issue
Capital expenditure towards expansion of the Manufacturing Facility 41.03cr
To meet working capital requirements 90.00cr
General corporate purposes* [●]
we were the only manufacturer of Zinc Bromide and the largest manufacturer of Calcium Bromide in India, in terms of production in calendar year 2019
We supply our products to domestic customers and also export our products to countries including United States of America , Italy, South Korea, Germany, People’s Republic of China, Japan, United Arab Emirates, Serbia, Russia,Spain, Thailand and Malaysia.
The key customers of our Pharmaceutical Chemicals include Hetero Labs Limited, Laurus Labs Limited, Aurobindo Pharma Limited, Sanjay Chemicals (India) Private Limited, Lantech Pharmaceuticals Limited, Ind –Swift Laboratories Limited, Vivin Drugs & Pharmaceuticals Limited and Macleods Pharmaceuticals Limited
|IPO date||Sep 21 – Sep 23 (2020)|
|Issue size||318 Cr(9,352,940 Eq shares)|
|Listing price band||338 -340 per equity share|
|Face value||10 Rs|
|1 Lot size||44 shares|
|Minimum quote||14,960 Rs|
|Maximum quote||1,94,480 Rs|
|Listing in||BSE only|
|Offer opens on||Sept 21, 2020|
|Offer closes on||Sept 23, 2020|
|Credit of shares in demat account||Sept 30,2020|
|Listing date||Oct 1, 2020|
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