Petro Carbon and Chemicals IPO allotment today: Here’s how to check the status on Bigshare and NSE

The allotment status for Petro Carbon and Chemicals Limited's initial public offering (IPO) is scheduled to be finalised today (June 28). Investors who submitted bids in the public issue can check their IPO allotment status online through the official websites of the registrar, Bigshare Services Pvt Ltd, and NSE.

On Bigshare’s website

• Visit the IPO allotment page on the Bigshare website - https://ipo.bigshareonline.com/ipo_status.html#google_vignette
• Choose ‘Petro Carbon and Chemicals’ from the drop-down menu
• Select the identification option you prefer; it could be PAN number, application number or DP ID
• Enter the corresponding PAN number, application number or demat account number based on your selection
• Click the ‘Search’ button
• Your Petro Carbon and Chemicals IPO allotment status will be displayed on the screen

On NSE Website

• Go to the NSE website and then the IPO allotment status page - https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Create a new registration, if you haven't already signed up on the portal, using your PAN details. Please note, that registration is mandatory to check the allotment status on the NSE website
• Proceed with the 'User ID' and 'Password' received in your e-mail
• Enter 'PAN' and bank details to check the IPO allotment status
• The allotment status of Petro Carbon and Chemicals IPO will appear on the screen

Petro Carbon and Chemicals IPO details

The Petro Carbon and Chemicals IPO was oversubscribed by 92.15 times on the final day of bidding, Thursday, June 27. The issue received a total of 39,92,22,400 bids, compared to the 43,32,000 shares available for bidding.

Breaking down the subscription numbers, retail investors showed strong interest with a subscription rate of 74.42 times, bidding for 16,12,40,000 shares against 21,66,400 shares offered.

Qualified Institutional Buyers (QIBs) demonstrated strong demand as well, subscribing 94.49 times, with bids amounting to 11,68,69,600 shares against 12,36,800 shares available.

Non-Institutional Investors (NIIs) led the pack with a subscription of 130.39 times, with bids amounting to 12,11,12,800 shares against 9,28,800 shares offered.

Petro Carbon and Chemicals IPO important dates

The subscription period for the Petro Carbon and Chemicals IPO was open from June 25 to June 27. After the basis of allotment is finalised, unsuccessful applicants will receive refunds on July 1, which is also the date when shares will be credited to the demat accounts of successful applicants.

Subsequently, the IPO is scheduled to be listed on the NSE SME platform, with the tentative listing date set for Tuesday, July 2.

Petro Carbon and Chemicals IPO price band and other details

The Petro Carbon and Chemicals IPO is valued at ₹113.16 crore and it consists of an offer-for-sale component of 66.18 lakh shares.

The price band for the Petro Carbon and Chemicals IPO was set between ₹162 and ₹171 per share. The IPO required a minimum application of 800 shares, amounting to an investment of ₹1,36,800 for retail investors. High Net Worth Individuals (HNIs) needed to apply for a minimum of two lots, which is equivalent to 1,600 shares, with an investment of ₹2,73,600.

GYR Capital Advisors Private Limited is the book-running lead manager for the Petro Carbon and Chemicals IPO, with Bigshare Services Pvt Ltd being the registrar for the issue. Giriraj Stock Broking has been designated as the market maker for the Petro Carbon and Chemicals IPO.

Petro Carbon and Chemicals IPO objectives

Petro Carbon and Chemicals Limited IPO proceeds will directly go to the existing shareholders offloading their stake in the public issue.

About Petro Carbon and Chemicals Limited

Petro Carbon and Chemicals Limited, established in 2007, is engaged in the production of calcined petroleum coke (CPC), which is essential for the carbon industry. Derived from raw petroleum coke (RPC), also known as green petroleum coke, CPC is crucial in manufacturing aluminium, steel and various other carbon-based products.

To know more about IPOs listing, schedule and upcoming IPOs, click here