Apply for Chemplast Sanmar IPO - Chemplast IPO Details And News | Motilal Oswal
Apply for Chemplast Sanmar IPO - Chemplast IPO Details And News | Motilal Oswal

Chemplast Sanmar IPO Date with Share Price Range And News

Date

 To be announced

Price range

 To be announced

Minimum order quantity

 To be announced

 

After experiencing a brief lull, the list of new IPOs has started to grow again. This time, the upcoming IPO is from Chemplast Sanmar Ltd, a specialty chemicals manufacturer. Want to know more about the Chemplast Sanmar IPO details? Continue reading to find out.

About the company

Chemplast Sanmar is a chennai-based specialty chemicals manufacturer that was incorporated way back in 1985. The company’s primary focus is towards the production of specialty paste PVC resin, where it enjoys being the largest manufacturer of the product in the entire country.

In addition to this, Chemplast Sanmar is also involved in the manufacture of starting materials and intermediates for agro-chemical, pharmaceutical, and fine chemical sectors. The company is currently the third largest producer of hydrogen peroxide and caustic soda in India. As of December 31, 2020, the company’s revenue stood at Rs. 877.56 crores with a net profit of Rs. 16.42 crores.  

- Chemplast Sanmar IPO details

Let’s now move on and take a look at some of the important Chemplast Sanmar IPO details such as the Chemplast Sanmar IPO date and the Chemplast Sanmar IPO share price.

- Chemplast Sanmar IPO date

Since the company has just filed its Draft Red Herring Prospectus with the SEBI, the opening and closing dates of this latest IPO is not known. More information may come to light in the near future, when the company files its final Red Herring Prospectus (RHP).

- Chemplast Sanmar IPO issue size

The total issue size of the upcoming IPO is likely to be around Rs. 3,500 crores, with both fresh issue of shares and Offer for Sale (OFS) components. The fresh issue is likely to generate around Rs. 1,500 crores for the company, whereas the remaining Rs. 2,000 crores would go to the promoter selling shareholders of the company. 

- Chemplast Sanmar IPO share price

As with the IPO date, the Chemplast Sanmar IPO share price has also not been notified as of yet. We might get more information upon the filing of the RHP with SEBI.

- Chemplast Sanmar IPO listing

The new IPO from Chemplast Sanmar is likely to be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). 

- Chemplast Sanmar IPO objectives

According to the Draft Red Herring Prospectus filed by the company in connection with its latest IPO, the following have been notified as the objects of the offer.

  • For the redemption of Non-Convertible Debentures (NCDs) issued by the company
  • General corporate purposes

 

Conclusion:

If you want to invest in the Chemplast Sanmar IPO, you just need to open a demat account with Motilal Oswal. With that, you can invest in this or in any other IPO and in the stock market, as per your investment needs.

Before commencing online trading, always remember to open a Demat Account and Trading Account with a trusted and reliable financial partner.

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

 

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