One of the leading firms in providing hydrocarbons and oil and gas decided for an IPO of Rs 5,000 crore, preliminary papers have been submitted to the SEBI, wherein a fresh issue of Rs 1,500 crore and OFS is Rs 3,500 crore.
Moreover, the IPO proceeds will be utilized for major work such as paying off debts that both the company and its subsidiary, Dorf Ketal Chemicals FZE, owe.
In the OFS process, Rs3,500 Crores shares would be sold by promoter Menon Family Holdings Trust. If pre-IPO placement would be arranged, Rs 300 crore by anchor investors and fresh issues size would be shorted.
Dorf Ketal Chemicals’ lead manager’s names are HSBC Securities and Capital Markets (India) Pvt Ltd, J.P. Morgan India, Morgan Stanley India, Motilal Oswal Investment Advisors Ltd, JM Financial Ltd, Citigroup Global Markets India Pvt Ltd.
Dorf-Ketal Chemicals, founded in 1992, is a leading global supplier of specialty chemicals. They focus on research and development, providing products to industries like oil and gas, refining, petrochemicals, and more.
Its advanced technology usage meets the changing needs of the industry, providing creative solutions and customized services that are practical and responsive.
This has taken a total of 16 manufacturing facilities across India and overseas also, eight in India two in Brazil, three in the US, and three in Canada—as of October 2024. Dorf-Ketal holds 542 patents globally, including 99 in the US and 29 in India, renowned as one of the few Indian chemical companies along with international brand recognition.
From FY 2022 to 2024, profit after tax raised at a compound annual growth rate (CAGR) of 50.18%, increased ₹60.20 crore, while revenue portion is also surged of CAGR of 45.47%, totaling ₹548 crore.
Dorf Ketal Chemicals IPO Prospectus:
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | To be Updated Soon |
Dorf Ketal Chemicals Company Financial Report
Amount ₹ in Crores
Period Ended | Revenue | Expense | Profit After Tax |
2022 | ₹2,632.68 | ₹2,282.33 | ₹265.97 |
2023 | ₹3,898.40 | ₹3,257.21 | ₹451.10 |
2024 | ₹5,559.60 | ₹4,776.95 | ₹601.97 |
September 2024 | ₹3,022.83 | ₹2,708.47 | ₹231.64 |
Dorf Ketal Chemicals IPO Valuation – FY2024
Dorf Ketal Chemicals IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | ₹11.56 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 23.53% |
Net Asset Value (NAV): | ₹49.14 |
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
SRF Limited | 45.06 | 55.86 | 11.65 | 386.78 | – Cr. |
Fine Organic Industries Limited | 134.34 | 32.45 | 21.34 | 629.68 | – Cr. |
Vinati Organics Limited | 31.15 | 52.94 | 12.53 | 248.55 | – Cr. |
Navin Fluorine International Limited | 54.57 | 66.38 | 11.43 | 477.48 | – Cr. |
Gujarat Fluorochemicals Limited | 39.60 | 94.11 | 7.53 | 525.94 | – Cr. |
Atul Limited | 109.54 | 60.39 | 6.32 | 1,741.97 | – Cr. |
Objects of the Issue
- Repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by our Company;
- Investment in our Subsidiary, Dorf Ketal Chemicals FZE for repayment/prepayment, in full or part, of all or certain of its outstanding borrowings; and
- General corporate purposes.
IPO Lead Managers aka Merchant Bankers
- JM Financial Limited
- Citigroup Global Markets India Private Limited
- HSBC Securities and Capital Markets (India) Private Limited
- J.P. Morgan India Private Limited
- Morgan Stanley India Company Private Limited
- Motilal Oswal Investment Advisors Limited