Petro Carbon and Chemicals Limited IPO
Petro Carbon and Chemicals Limited IPO
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Petro Carbon and Chemicals Limited's has transitioned to a publicly listed entity following its IPO debut on 02-07-2024 at the NSE exchange. The public offering successfully raised 66,17,600 Shares, consisting of TBDin new capital and ₹113.16 Cr in existing shareholder sales.
The IPO featured a competitive price range of ₹162 to ₹171 and minimum application size of 800 shares. Market reception was evidenced through subscription activity between 25-06-2024 and 27-06-2024, reflecting investor appetite for the offering.
Allotment of shares was completed on 28-06-2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Petro Carbon IPO About Company
Petro Carbon and Chemicals Limited, a part of the ATHA Group and established in 2007, specializes in producing calcined petroleum coke (CPC) from raw petroleum coke (RPC) for the aluminum, steel, and other carbon-based industries. Its production facility in Purba Medinipur, West Bengal, spans approximately 30 acres with an annual production capacity of around 93,744 tons of CPC. The company employs around 74 staff members across production, maintenance, marketing, sales, administration, and corporate services, supplemented by approximately 290 contract workers to support its operations.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Petro Carbon IPO Strength Factors
- Expanding Opportunities: Petro Carbon and Chemicals Limited is well-positioned to benefit from the growing Indian carbon industry, paving the way for future growth.
- Strong Track Record: With a history of steady growth and efficient operations, the company has proven its ability to scale and optimize production.
- Strategic Location Advantage: Its plant in Purba Medinipur, West Bengal, offers logistical and supply chain benefits, enhancing efficiency and competitiveness.
Petro Carbon IPO Risk Factors
- No Direct Financial Gain: The company won’t receive any funds from the Offer for Sale, as all proceeds will go to the Promoter Selling Shareholders.
- Market Dependence: A large portion of revenue comes from the aluminum and steel industries, and since the company primarily sells CPC, any downturn in these markets could impact business.
- Supplier Reliance: Dependence on key suppliers for raw materials could cause delays and disruptions, affecting production and overall operations.
Petro Carbon IPO Lead Manager(s)
- GYR Capital Advisors Private Limited
Petro Carbon IPO Promoter(s)
- Kishor Kumar Atha
- Dilip Kumar Atha
- Gaurav Atha
- Vishal Atha
- Bharat Atha
Petro Carbon IPO FAQs
Petro Carbon and Chemicals Limited IPO subscribed 92.11 times. The public issue subscribed 74.34 times in the retail category,94.49times in QIB, and -- times in the HNI (10+) category byNovember 26, 2025 9:24:22 AM (Day 26).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Petro Carbon IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Petro Carbon IPO FAQs
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