Petro Carbon and Chemicals stock lists with 75% premium over IPO price

The , which was completely a fresh equity sale of 66.17 lakh shares, received robust response from investors with an overall subscription of 90 times at close.

Petro Carbon and Chemicals is a ATHA Group company engaged in the business of manufacturing and marketing of in the carbon industry. Atha Group is a multi-product 70 year old business conglomerate headquartered in Kolkata

The company's business is fundamentally a B2B model wherein it majorly supplies the end product CPC to renowned aluminum manufacturing government companies, graphite electrodes and titanium dioxide manufacturers as well as other users in the metallurgical, chemical industries and other steel manufacturing companies.

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Petro Carbon's plant was operational in 1975, wherein the detailed engineering and layout of the plant was done by Engineers India. This plant was later acquired, revamped and upgraded by the group company in 2008.

In the last five years, the group has strategically shifted its attention towards vertical integration, technological innovation, diversification, strategic partnerships which has resulted in operational expansion, resulting in a substantial enhancement of its overall performance.

Calcined petroleum coke commonly known as CPC is produced from raw petroleum coke (RPC), also called the green petroleum coke. The result of the calcining process is converting green coke to hard, dense and almost pure carbon with low hydrogen content, good electrical conductivity and a defined structure.

These properties along with low metals and ash contents make calcined petroleum coke the best material currently available for making carbon anodes for smelting of alumina to aluminium in the electrolytic smelting process.