Rite Zone Chemcon IPO deals in a range of construction chemicals and concrete products.
Rite Zone Chemcon IPO – Overview
| IPO Dates | 31st Oct to 2d Nov 2022. |
| IPO Price | INR 75 per share |
| Fresh issue | 1,195,200 shares (INR 8.96 crore) |
| Offer For Sale | Nil |
| Total IPO size | 1,195,200 shares (INR 8.96 crore) |
| Minimum bid (lot size) | 1600 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Rite Zone Chemcon IPO -Tentative Dates
| IPO Offer Opening Date | 31 October 2022 |
| IPO Closing Date | 2 November 2022 |
| Finalisation of Basis of Allotment | 7 November 2022 |
| Initiation of refunds | 9 November 2022 |
| Transfer of shares to demat accounts | 10 November 2022 |
| IPO Listing Date | 11 November 2022 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Overview
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.
Competitive Strengths
- 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.
Objects of the Issue
- Expansion of Business.
- General Corporate Purposes.
Company Financials
| Particulars | 31-March-22 | 31-June-21 | 31-Mar-20 |
| Total Assets | 1039.27 | 677.87 | 666.83 |
| Total Revenue | 565.73 | 384.21 | 574.77 |
| Profit After Tax | 26.21 | 0.69 | 15.89 |
Company Contact Information
Rite Zone Chemcon India Ltd
Row House 11,
Beverly Park, Row House CHS Ltd
Mira Road Thane- 401107
Phone: +91 22 6884 9680
Email: cs@ritezone.in
Website: http://www.ritezone.in/
Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/
Lead Manager(s)
- Expert Global Consultants Private Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
