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Petro Carbon and IPO
Price Band
₹162.0–171.0
Issue Size
₹113.16 Cr
Lot Size
800 shares
Min Investment
₹136,800
GMP
+₹90.0 (52.63%)
Issue Price
₹171.0
Subject to Sauda
₹54700
Paid only if allotted
Petro Carbon and IPO AI Summary
- Petro Carbon and IPO is listed on NSE SME in the Industrial Minerals sector.
- Price band: ₹162.0–₹171.0 per share, lot size 800 shares (min. investment ₹136,800).
- Subscription window: 25 Jun–27 Jun 2024, listing on 02 Jul 2024.
- Current GMP is +₹90.0 (52.63%), an estimated listing price of ₹261 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Petro Carbon and IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 27 Jun 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Petro Carbon and IPO Grey Market Premium (GMP) Today
GMP
+₹90.0
GMP %
+52.63%
Est. Listing
₹261.0
Updated: 25 Jul 2026 14:05
About the Company
Petro Carbon and Chemicals Limited, an ATHA Group company, was founded in 2007 and is engaged in the production of calcined petroleum coke (CPC) for the carbon industry. The company produces calcined petroleum coke, commonly known as CPC, from raw petroleum coke (RPC), also known as green petroleum coke, for use in the manufacture and production of aluminum, steel and various other carbon-based products. The company's production facility is located in Purba Medinipur, West Bengal, and has a capacity of around 93,744 tons of CPC per annum; the plant is spread over an area of around 30 acres. The company employs around 74 people at various levels in the areas of production, maintenance, marketing, sales, administration and corporate services. In addition, the company employs around 290 contract workers at its current production facility.
Company Financials (₹ Cr)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 274.32 | 263.79 | 277.04 | 159.92 |
| Total Income | 447.11 | 517.61 | 279.91 | 155.29 |
| Profit After Tax | 70.31 | 6.73 | 5.71 | 0.12 |
| NET Worth | 106.53 | 37.53 | 30.80 | 25.09 |
| Reserves and Surplus | 125.28 | 55.61 | 49.73 | 44.90 |
| Total Borrowing | 80.63 | 175.83 | 194.18 | 81.82 |
Key Ratios
NAV
₹43.13
ROCE
60.36%
RoNW
66.00%
P/E Ratio
66.02
PAT Margin
15.78%
Debt/Equity
0.54
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| India Carbon Limited | 1637.97 | 6.14% | 13.85 | 90.28 |
| Goa Carbon Ltd. | 130.82 | 58% | 8.76 | 88.24 |
| Petro Carbon and Chemicals Limited This IPO | 14.43 | 17.92% | — | 2.59 |
Promoters
Kishor Kumar Atha, Dilip Kumar Atha, Gaurav Atha, Vishal Atha and Bharat Atha
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Achieve the benefits of listing the Equity Shares on the Stock Exchanges
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹279.91 Cr in the year ending 31 Mar 2022, increasing to ₹517.61 Cr by 31 Mar 2023, before declining to ₹447.11 Cr by 31 Dec 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹5.71 Cr in the year ending 31 Mar 2022, rising to ₹6.73 Cr by 31 Mar 2023, and then significantly increasing to ₹70.31 Cr by 31 Dec 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Priced at roughly 66.02 trailing earnings, versus peers trading at P/E ratios of 8.76 to 13.85.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the likely listing price of an IPO. It reflects the demand for the shares before they are officially listed on the stock exchange. A positive GMP suggests that the shares may list at a premium to the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance, considering factors such as the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings may want to avoid IPOs like this, which can carry higher risks and uncertainties.
Listing Gains — The Risk
Listing-day gains can be unpredictable. Factors such as market conditions, investor sentiment, and overall demand for the stock can influence the share price on the first day of trading. Investors should be aware that gains on listing day are not guaranteed and can vary significantly.
This evaluation is generated from Petro Carbon and's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Petro Carbon and IPO GMP today?
Petro Carbon and IPO GMP today is +₹90.0 (52.63%), indicating an estimated listing price of ₹261. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Petro Carbon and IPO?
The price band of Petro Carbon and IPO is ₹162.0–₹171.0 per share.
When does Petro Carbon and IPO open and close?
Petro Carbon and IPO opens on 25 June 2024 and closes on 27 June 2024.
When does Petro Carbon and IPO list on the stock exchange?
Petro Carbon and IPO listed on 02 July 2024 at ₹261.0.
What is the lot size for Petro Carbon and IPO?
The lot size for Petro Carbon and IPO is 800 shares, requiring a minimum investment of ₹136,800.
What is the price band for the IPO?
The price band for the IPO is ₹162.0 to ₹171.0.
What is the minimum investment required?
The minimum investment required is ₹136,800.
What is the lot size for the IPO?
The lot size for the IPO is 800 shares.
When does the IPO open and close?
The IPO opens on June 25, 2024, and closes on June 27, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
25 Jun 2024
Close
27 Jun 2024
Allotment
28 Jun 2024
Listing
02 Jul 2024
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