Petro Carbon and Chemicals Limited IPO oversubscribed by 92 x . Check its current GMP & Allotment details.
Petro Carbon and Chemicals Limited, an ATHA Group company founded in 2007, specializes in the production of calcined petroleum coke (CPC) for the carbon industry. CPC, derived from raw petroleum coke (RPC) or green petroleum coke, is essential in manufacturing aluminum, steel, and various other carbon-based products. The company operates a production facility in Purba Medinipur, West Bengal, with an annual capacity of approximately 93,744 tons of CPC.
Petro Carbon and Chemicals Subscription Details
| Category | Subscription Rate |
|---|---|
| QIBs | 94.49 x |
| NII | 129.9 x |
| Retail | 74.34 x |
| Total | 92 x |
Petro Carbon and Chemicals GMP Today
The current GMP of the company is around Rs. 90-105 (which is around 53% of the Issue price . It is expected that investors can get a profit of 53% per lot if the stock lists at such GMP price.
Note: The GMP fluctuates on the basis of market demand.
Petro Carbon and Chemicals Allotment & Listing Dates
The allotment of the IPO bound company is to be done on Friday (28/06/2024) by Bigshare Services Pvt Ltd (Registrar) and the listing date of the shares is on Tuesday (2/07/2024). The shares of the company is going to list at NSE at 10 A.M on the listing date.
To check your allotment status, click here.
Disclaimer:
The recommendations made above are by market analysts and are not advised by either the author, nor FinTrend 24. The author, nor the brokerage firm nor FinTrend 24 would be liable for any losses caused as a result of decisions based on this write-up. FinTrend 24 advises users to consult with certified experts before making any investment decision.