Chemcon Speciality Chemicals IPO
Chemcon Speciality Chemicals Limited (CHEMCON) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 01 October 2020.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +58.1% (likely range +25% to +95%), day's high +66.7%, chance of a gain 97%. Actual: +115.0% at the open, +115.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 18,68,344 | 21,21,24,704 | 114x | |
| NII (HNI) total | 14,07,249 | 63,20,57,844 | 449x | |
| Retail | 32,83,580 | 13,53,07,744 | 41.2x | |
| Total | 65,59,173 | 97,94,90,292 | 149x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 11% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Chemcon Speciality Chemicals's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Ujjivan Small Finance BankDec 2019 | 111x | 473x | 49.1x | 166x | ₹771 Cr | +58.8% | +69.7% |
| Central Depository Services (India)Jun 2017 | 149x | 563x | 23.8x | 170x | ₹524 Cr | +67.8% | +81.2% |
| Quess CorpJul 2016 | 59.0x | 392x | 34.1x | 144x | ₹411 Cr | +57.7% | +60.7% |
| Happiest Minds TechnologiesSep 2020 | 77.4x | 351x | 70.9x | 151x | ₹702 Cr | +110.8% | +137.9% |
| Capacit'e InfraprojectsSep 2017 | 131x | 638x | 17.6x | 183x | ₹408 Cr | +59.6% | +59.6% |
| Apollo Micro SystemsJan 2018 | 102x | 958x | 40.2x | 249x | ₹162 Cr | +69.1% | +74.5% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Intensive Fiscal Services | 11 | +28.6% | 82% |
| Ambit Capital | 13 | +24.3% | 69% |
Offer documents (NSE)
Frequently asked
What is the Chemcon Speciality Chemicals IPO price band and lot size? ₹338–340 per share, with a lot of 44 shares, so the smallest retail bid is ₹14,960.
How many times has it been subscribed? 149x overall: QIB 114x, NII 449x, retail 41.2x.
How did it list? It opened at ₹731, +115.0% against the issue price of ₹340, and closed its first day +72.0%.
