SME IPO REVIEW.
[Audio] COMPANY DETAILS Incorporation in 2015, 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..
[Audio] Competitive Strength: Wide product portfolio with a focus on quality. Quality Assurance and customer satisfaction. Asset Light business model with low fixed overheads. R&D set up for constant product improvement and new product development. Longstanding customer relationships leading to increased business opportunities. Existing committed workforce..
[Audio] COMPANY FINANCIALS.. COMPANY FINANCIALS. Period Ended Total Assets Total Revenue Profit After Tax Net Worth Reserves and Surplus Total Borrowing 31-Mar-20 666.83 574.77 15.89 62.53 61.53 258.12 31-Mar-21 677.87 384.21 0.69 63.26 62.26 329.3 31-Mar-22 1039.27 565.73 26.21 502.36 198.86 106.24 30-Sep-22 1240.92 1036.34 17.48 519.85 216.34 97.36 Amount in ₹ Lakhs.
[Audio] OBJECTS OF THE ISSUE The company intend to utilize the proceeds of the Issue to meet the following objects: 1. To part finance the Working Capital Requirements. 2. General Corporate Purposes. 3. To meet Issue Expenses..
[Audio] IPO TIMETABLE. IPO TENTATIVE TIMETABLE. Event Tentative Date Opening Date Oct 31, 2022 Closing Date Nov 2, 2022 Basis of Allotment Nov 7, 2022 Initiation of Refunds Nov 9, 2022 Credit of Shares to Demat Nov 10, 2022 Listing Date Nov 11, 2022.
[Audio] IPO LOT SIZE. IPO LOT SIZE. The Rite Zone Chemcon IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120,000)..
[Audio] GMP AS ON 30 OCT 2022 10: 34AM RS 15 PER SHARE ( 20%) FOR DAILY GMP UPDATE SUBSCRIBE MY CHANNEL THANK YOU.