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Corrtech International IPO

The IPO from Corrtech International IPO consists of fresh issues worth Rs 350 crores and an offer for sale of 4 crore equity shares from existing shareholders. The company is a leader in the pipeline laying domain, including hydrocarbon pipeline laying in India.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

Corrtech International IPO Important Dates

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About Corrtech International

CEL manufactures precision components and provides products and services to gas and steam turbine operators, aerospace, and defense sectors. They are one of the leading players in pipeline laying, including the hydrocarbon pipeline laying segment.

The company shifted to the pipeline laying business in 2002 and has spread 3,500 km of pipelines across various topographies in thirteen states. They have specialised in Horizontal Directional Drilling (HDD) and Cathodic Protection Solutions (CPS).

Corrtech International IPO Objectives

• CEL proposed in the DRHP to utilise the net proceeds in purchasing equipment and meet incremental capital requirements.
• The proceeds from new equity sales will be used to redeem debentures and prepay and repay certain market borrowings.

Why should you invest in the Corrtech International IPO?

  • The company offers services to several key players in the Indian Oil and Gas companies and forged long-standing relationships with clients.
  • CEL has completed several large-scale projects and has built abilities through a large equipment base, technical qualification and experienced employee base to undertake projects of any size.
  • The company has a large order book. On December 31, 2021, they had an order book of Rs 240 crore.

Financial Highlights

Particulars (in Rs. Crores) For the year/period ended (₹ in million)
  FY 21 FY 20 FY 19
Revenue From Operation 9,909.31 7,782.19 5,607.33
EBITDA 956.21 978.69 741.07
EBITDA Margin (%)      
Profit After Tax 285.55 349.49 244.71
EPS 6.06 7.42 5.19
ROE      

How to apply for Corrtech International IPO?

There are two ways by which investors can choose to start trading. One is through UPI, and the other is with the help of a Demat account. The processes are discussed below:

UPI

  • Link your bank to a UPI id
  • Register your UPI id with your Demat account
  • Subscribe for Corrtech International IPO and approve the payment on your UPI

Demat Account

Corrtech International Noteworthy Highlights:

  • The company has experience of thirty-nine years, including twenty years of experience in the pipeline laying segment.
  • Their manufacturing business caters to diverse industry segments, including energy, defense, and general manufacturing.
  • The company's strong financial track record and solid order book value are a plus.

The Brand’s Pros & Cons:

Pros Cons
CEL has experience catering to diverse industry segments like oil and gas, aerospace, defense, and more. Any pandemic and lockdown situations in the future might hurt the company's future cash flow.
CEL owns, operates, and maintains a large fleet of equipment to cater to diverse industry clients. Revenue comes from a limited number of clients, primarily from the oil and gas segment.
They prepare to enter the water pipeline business focusing on micro tunneling. The existing order book isn't a guarantee of future profit as they might get canceled, modified or delayed.

Competitive Analysis: Market Peers

CEL continues to face challenges from listed players in the organised sector. We provide you with a competitive analysis of its peers.

Company P/E EPS
Likhitha Infrastructure Ltd. 17.05 17.69

Corrtech International IPO FAQs

What is Corrtech International IPO?

It is a combination of new shares worth Rs 350 crores and an offer for sale of 4 crores equities from existing shareholders.

When will Corrtech International IPO allotment be available?

Details not available.

What will be Corrtech International IPO lot size?

Details not available.

When will Corrtech International IPO open for subscription?

Details not available.

What minimum lot size can retail investors subscribe to?

Retail investors need to apply for a minimum of one lot.

When will Corrtech International list on exchanges?

The listing process usually takes ten working days from the last day of the subscription.

How to check the allotment status of Corrtech International IPO?

Existing Angel One investors can check the IPO shares allotment status by logging into their accounts.

What is the size of Corrtech International IPO?

Details are not available.

How will I receive shares?

The shares will get credited directly to your Demat account.

Is it necessary to approve a UPI mandate request immediately?

Approving the UPI payment is the final step of the IPO application. You will get T+1 days to approve the payment mandate in your UPI id.

How to apply for this Corrtech International IPO via the Angel One App?

To apply for the IPO from the Angel One app, search for Corrtech International in the active IPO list and click on apply.

What is the minimum order quantity for Corrtech International IPO?

Details are not available.

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