Corrtech International IPO Date, Price, Lot Size & More: Upcoming IPO

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The IPO opening date for the Corrtech International IPO has not been announced yet. Still, the company has already filed its DRHP with SEBI/Exchange on [.], and SEBI approval was received on [.]. It is a bookbuilding IPO of  ₹350 crore shares. Corrtech International IPO is one of the topmost upcoming IPOs that will be listed on the NSE and BSE, with a tentative date yet to be announced.

Corrtech International IPO Details

The Corrtech International IPO date is not fixed yet. The face value of Corrtech International shares stands at ₹10 per share, and the IPO price band is fixed at [.] to [.] per share.

MUFG Intime India Private Limited is the registrar of the Corrtech International IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.

Corrtech International IPO Details 

Corrtech International IPO GMP 

Note: Corrtech International is yet to open. We will update the Corrtech International IPO GMP data once an official announcement is made.

Corrtech International IPO DRHP Status

Corrtech International IPO Review

Check out the detailed Corrtech International IPO review for a thorough understanding of its potential to report listing gains. The Corrtech International IPO review will help you invest effectively to avoid significant losses. Explore more to make an informed Investment decision on this IPO.

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to understand the business’s margins of economic growth and decline before applying for the Corrtech International IPO.

Corrtech International Limited’s revenue increased by 1.90% from ₹1,109.06 crores in March 2023 to ₹1,1307.18 crores in March 2024. Moreover, the company’s PAT increased by 39.30% from ₹49.20 crores to ₹68.54 crores. Investors can analyse other relevant factors and make a decision accordingly.

Corrtech International Limited has shown consistent revenue growth, indicating that the company is financially stable. Moreover, brokers, investors, and RAs have a positive outlook for Corrtech International’s IPO, particularly for its tentative listing day.

Technical Analysis

Some technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Corrtech International IPO.

The PE ratio of Corrtech International Limited’s share is [.], and its Earnings Per Share (EPS) stands at [.]. Thus, the IPO of Corrtech International Limited can deliver gains on its tentative listing day.

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Corrtech International Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics. 

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About the Corrtech International Limited Company Overview

Corrtech International is an Indian company that primarily engages in industrial construction. The company has focused on horizontal directional drilling, pipeline laying, and cathodic protection solutions. The company has led in these sectors, and it has a long track record. The company was established in 1982. Beyond construction, the company has a subsidiary involved in gas turbine repair and maintenance and the manufacturing of gas. The company has focused on the cathodic protection solutions, and later they expanded into the oil and gas pipeline business. The company has a core business and services, including pipeline construction, gas turbine services, manufacturing (e.g., gas pressure vessels), Cathodic protection solutions, and horizontal directional drilling.          

Corrtech International Limited Financials

The company’s financial analysis is essential before applying for the IPO of Corrtech International Limited. Look at the table to learn about Corrtech International Limited’s financials. 

Explanation

Corrtech International Limited’s revenue increased by 1.90% from ₹1,109.06 crores in March 2023 to ₹1,1307.18 crores in March 2024. Moreover, the company’s PAT increased by 39.30% from ₹49.20 crores to ₹68.54 crores. Investors can analyse other relevant factors and make a decision accordingly.

Corrtech International IPO Promoter Holdings

Have a look at the table below to check the holdings of Corrtech International Limited’s promoters: 

Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue –  Share Holding Post-Issue.

Corrtech International IPO Objectives

The primary aim of Corrtech International IPO is to raise ₹350 crore. On the other hand, Corrtech International has decided to utilise these funds.

Should I Invest in the Corrtech International IPO?

Explore the pros and cons of the Corrtech International IPO to know whether you should apply or avoid the issue. These pros and cons may help you understand the IPO’s potential to deliver profits in the coming decades.

Pros of Corrtech International IPO

• The company has a strong business niche and market positions
• The company has a healthy order book and operates in many states in India 
• The company has a strong track record and decades of experience.

Cons of Corrtech International IPO

• Corrtech International Limited has a cyclical and sector-specific exposure 
• The company has fairly long receivables periods and stretched working capital cycles 
• The company’s profit margin is not extraordinary 

How to Invest in the Corrtech International IPO?

Corrtech International IPO has not opened yet. And most investors are still waiting for it. Here is how you will invest in Corrtech International IPO after its opening. 

• Open a demat account or use your existing demat account to make a bid. 
• Navigate to the Corrtech International section to make an application.
• Select the number of lots you want to apply for and proceed with your application further. 
• Once you have applied for the Corrtech International  IPO, you will receive a mandate request on the selected mode of transaction.
• Approve the mandate request and get your application number instantly. 

How to Check Corrtech International IPO Allotment Status?

You can check for the Corrtech International IPO allotment in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.

Check On NSE

• Visit the NSE Official Website.
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Corrtech International IPO.  
• Choose whether to proceed with the PAN number or the application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal. 
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Corrtech International allotment status.

Let’s Wrap

Corrtech International is once again gathering investors’ attention with a positive announcement to be made officially on [.]. MUFG Intime India Private Limited has recently filed for Corrtech International worth ₹350 crores with SEBI via a confidential route. The issue is subject to the approval of SEBI. Investors are cautious about the Corrtech International IPO details, including the issue date, price band, lot size, subscription, and other key information.

Stay informed with Univest to get regular updates on the Corrtech International  IPO, GMP, subscription, and more!

FAQs on Corrtech International IPO

When did Corrtech International file IPO draft papers?

Ans. Corrtech International filed its updated draft papers with SEBI for an IPO of up to ₹350 crore shares on [.].

What are the uses of IPO proceeds?

Ans. Corrtech International has raised funds through its IPO to expand its business operations. 

Is Corrtech International a publicly listed company?

Ans. Corrtech International is not listed on the stock exchange, so it is not a publicly listed company. Corrtech International will be publicly listed through an IPO filing of ₹350 crore shares.

What is the issue size for Corrtech International?

Ans. It is a book-building IPO comprising a fresh issue and an offer for sale to raise approximately ₹ 350 crore in shares. 

Is Corrtech International good?

Ans. Corrtech International Limited’s revenue increased by 1.90% from ₹1,109.06 crores in March 2023 to ₹1,1307.18 crores in March 2024. Moreover, the company’s PAT increased by 39.30% from ₹49.20 crores to ₹68.54 crores. Investors can analyse other relevant factors and make a decision accordingly.

Who will be the registrar of the Corrtech International IPO?

Ans. As per the recent updates, MUFG Intime India Private Limited will be the registrar responsible for managing allotment and refund procedures. For any queries regarding Corrtech International’s GMP, allotment, and refund, please contact MUFG Intime India Private Limited at corrtech.ipo@linkintime.co.in or +91 22 4918 6200. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To obtain detailed information about the Corrtech International IPO, please wait for the RHP and DRHP to be released by the company. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.

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