The corporate is a producer and provider of specialty chemical compounds throughout the hydrocarbons and industrial provide chains, together with the oil and fuel, refining and petrochemicals industries, and prospects with various functions throughout industrial segments,
The IPO contains a recent situation of fairness shares of a face worth of Rs 5 every aggregating as much as Rs 1,500 crore and a suggestion on the market of fairness shares of a face worth of Rs 5 every aggregating as much as Rs 3500 crore.
Additional, the whole situation contains of fairness shares of face worth of Rs 5 every aggregating as much as Rs 5,000 crore, whereas the supply on the market contains stake sale by Menon Household Holdings Belief (Promoter Promoting Shareholder).
Established in 1992, Dorf-Ketal Chemical substances India is among the main producers within the growth, commercialization and software of specialty chemical compounds in India. The corporate affords merchandise throughout two classes – specialty chemical compounds for hydrocarbons and industrial specialty chemical compounds.
Dorf-Ketal Chemical substances India consumer base
As at October 31, 2024, the marquee buyer base included Reliance Industries, Petronas, Indian Oil Company, PPG Industries, Clariant, Liberty Power, Italiana Petroli, and Vedanta. Through the six months ended September 30, 2024, the corporate had 1,322 prospects.
In 2023, the corporate ranked first by income market share in India and Brazil in oil subject, refinery chemical compounds and petrochemicals and gas components in addition to ranked first by income market share globally in modified acids, organometallic titanates and zirconates and PVF and was among the many high 5 corporations globally in gas components, based on the F&S Report.
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Dorf-Ketal Chemical substances India manufacturing capability
As at October 31, 2024, the corporate has 16 manufacturing services throughout 4 nations, together with eight in India, two in Brazil, three in the USA and three in Canada. The eight manufacturing services in India have a cumulative put in capability of 147,770 MTPA whereas the manufacturing services in Brazil, the USA and Canada have a cumulative put in capability of 194,770 MTPA, as at September 30, 2024.
The manufacturing the power in Mundra, Gujarat is the most important facility, with an put in manufacturing capability of 98,900 MTPA. It is usually one of many world’s largest manufacturing services of organometallic titanates. The devoted R&D services are located in India, Singapore, Canada and Brazil. With 542 patent registrations outdoors India, together with 99 U.S. patent registrations, and 29 patent registrations in India, the corporate is among the few India-based chemical firm with international model recognition.
Dorf-Ketal Chemical substances India monetary efficiency
From FY22 to FY24, the income from operations grew at a CAGR of 45.47% to Rs 5479.5 crore, EBITDA grew at a CAGR of 60.54% to Rs 950.4 crore and the restated revenue after tax for the yr grew at a CAGR for the Interval/Yr of fifty.18% to Rs 602 crore.
Dorf-Ketal Chemical substances India book-running lead managers
JM Monetary Restricted, Citigroup World Markets India Personal Restricted, HSBC Securities and Capital Markets (India) Personal Restricted, J.P. Morgan India Personal Restricted, Morgan Stanley India Firm Personal Restricted and Motilal Oswal Funding Advisors Restricted are the E book Operating Lead Managers to the difficulty.
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(Disclaimer: Suggestions, solutions, views and opinions given by the consultants are their very own. These don’t characterize the views of The Financial Instances)
