Chemplast Sanmar Rs 3,850-crore will open for subscription on Tuesday, 10 August 2021, at a price tag band of Rs 530-541 per share of face worth of Rs 5 each and every. The corporation is eyeing stock market place listing, just after it got delisted practically a decade ago. Specialty chemical substances manufacturer public situation will close on Thursday, 12 August. The offer you comprises fresh situation shares worth Rs 1,300 crore and an offer you for sale (OFS) of up to shares worth Rs 2,550 crore by promoters. The OFS comprises the sale of shares worth Rs 2,463 crore by Sanmar Holdings Ltd and Rs 86.5 crore equity shares by Sanmar Engineering Services Ltd. Chemplast Sanmar was delisted from BSE, NSE and MSE with impact from June 25, 2012, June 18, 2012 and June 25, 2012, respectively.
No activity in the grey market place was seen in Chemplast Sanmar, according to the folks who deal in shares of unlisted providers. Investors can bid for a minimum of 27 shares and in multiples thereafter. A minimum of Rs 14,607 per lot at the upper band of IPO price tag. Up to 75 per cent of the net offer you will be reserved for certified institutional purchasers (QIBs), 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors. Investors are necessary to assure that the bank account employed for bidding is linked to their PAN.
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Upon profitable listing, Chemplast Sanmar will join the likes of PI Industries, SRF Ltd, Finolex Industries and Navin Fluorine International Ltd. The business P/E ratio stands at 43.1x. Global coordinators and book operating lead managers consist of ICICI Securities, Axis Capital, Credit Suisse Securities Pvt Ltd, IIFL Securities, Ambit Pvt Ltd, BOB Capital Markets Ltd, HDFC Bank, IndusInd Bank, and YES Securities. The seven worldwide co-ordinator and book operating lead managers and two book operating lead managers related with Chempalst Sanmar offer you handled 44 public situation in the previous 3 year, of which 12 troubles closed under the offer you price tag on listing day. The registrar to the situation is KFin Technologies Pvt Ltd.
As of December 2020, its net debt stood at Rs 1,187.58 crore. Chemplast Sanmar is specialty chemical substances manufacturer in India with focus on specialty paste PVC resin and custom manufacturing of beginning supplies and intermediates for pharmaceutical, agro-chemical and fine chemical substances sectors. The total production of specialty paste PVC resin in India in monetary year 2020 stood at 78 KTPA against a demand of 143 KTPA. In India, Grasim Industries Ltd. (which includes Aditya Birla Chemicals), DCM Shriram Limited (DCM Shriram), Gujarat Alkalies and Chemicals Ltd.(GACL), and Reliance Industries Limited (RIL) have a combined capacity of more than 2800 KTPA.