Rite Zone Chemcon India Limited

Company Profile
Company Name Rite Zone Chemcon India Limited
Open Date 31-10-2022
Close Date 02-11-2022
Exchange NSE SME
Lot Size 1600 Shares
Issue Price ₹75 per share
Issue Size 1,195,200 Equity Shares
Application Amount ₹1,20,000
Recommendation Avoid
Rite Zone Chemcon Limited was incorporated in the year 2015 in Thane, Maharashtra. Company deals in a range of construction chemicals and concrete products. Company offers complete construction solution by supplying a complete range of various chemical products related to civil construction, infrastructure, building & structure including pre-construction or post construction as well supplying all types of concrete required for construction and infrastructure developments. Company’s range of products includes Concrete Admixture, Water Proofing Systems, Concrete Lubricator, Engineering Grouts, Industrial Flooring, Concrete Repairs, Curing Compound & Mould Release Agent, Surface Treatment, Tiling & Block Products.  Company outsources chemical products production to third party manufacturer.
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Summary of Financials (All financials in Lakh)

For the Period Ended Sep-22 Mar-22 Mar-21
Total Assets 1,240.92 1,039.27 677.87
Net Assets 519.84 502.36 63.25
Total Borrowings 97.35 106.23 329.3
Total Revenue 1,036.34 565.73 384.20
Profit After Tax 17.48 26.2` 0.69

Tentative Timeline

Opening Date 31-10-2022
Closing Date 02-11-2022
Basis of Allotment 07-11-2022
Initiation of Refunds 09-11-2022
Credit of Shares to Demat 10-11-2022
Listing Date 11-11-2022

Objects of the Issue

To part finance the Working Capital Requirements
General Corporate Purposes
To meet Issue Expenses

Contact Information

Registered Office 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 Details

Name Skyline Financial Services Private Limited
Phone 02228511022
Email ipo@skylinerta.com
Website https://www.skylinerta.com/ipo.php

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 60 (0.01%)
Other Shares Offered 5,66,400 (49.93%)
Retail Shares Offered 5,68,000 (50.07%)
Total Shares Offered 11,34,460 (100%

Shareholding Pattern

Pre Issue Share Holding (Promoters) 58.39%
Post Issue Share Holding (Promoters)

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