Rite Zone Chemcon India Ltd SME IPO Detail

Incorporation in 2015, 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.


  • 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.

Company Financials

Period EndedTotal AssetsTotal Revenue(Lakhs)Profit After Tax(Lakhs)Net Worth(Lakhs)Reserves and Surplus(Lakhs)Total Borrowing(Lakhs)

Objects of the Issue

The company intend to utilize the proceeds of the Issue to meet the following objects:

1. To part finance the Working Capital Requirements.

2. General Corporate Purposes.

3. To meet Issue Expenses.

Rite Zone Chemcon IPO Details

IPO DateOct 31, 2022 to Nov 2, 2022
Listing Date[.]
Face Value₹10 per share
Price₹75 per share
Lot Size1600 Shares
Issue Size1,195,200 shares of ₹10
(aggregating up to ₹8.96 Cr)
Fresh Issue1,195,200 shares of ₹10
(aggregating up to ₹8.96 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company PromotersMr. Bhavesh Babulal Bhandari and Mrs. Arti Bhavesh Bhandari are the company promoters.

Rite Zone Chemcon IPO Tentative Timetable

Rite Zone Chemcon IPO opens on Oct 31, 2022, and closes on Nov 2, 2022. The Rite Zone Chemcon IPO bid date is from Oct 31, 2022 10.00 A.M. to Nov 2, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

EventTentative Date
Opening DateOct 31, 2022
Closing DateNov 2, 2022
Basis of AllotmentNov 7, 2022
Initiation of RefundsNov 9, 2022
Credit of Shares to DematNov 10, 2022
Listing DateNov 11, 2022

Rite Zone Chemcon IPO Lot Size

The Rite Zone Chemcon IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120,000).

Retail (Min)11600₹120,000
Retail (Max)11600₹120,000

Rite Zone Chemcon IPO Promoter Holding

Pre Issue Share Holding58.39%
Post Issue Share Holding

Rite Zone Chemcon IPO Review

RZCIL is in a highly competitive and fragmented segment. It has priced the IPO exorbitantly even on the basis of its super earnings. A small equity base post-IPO indicates s longer gestation period for migration to the mainboard. There is no harm in skipping this pricy issue.

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

Rite Zone Chemcon IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: ipo@skylinerta.com

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