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 March 31, 2021, the company’s revenue stood at Rs. 3,815.10 crores with a net profit of Rs. 410.24 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
The company has finally notified the opening and closing dates of its IPO. The public issue is slated to open up to the public on August 10, 2021 and would come to a close on August 12, 2021.
- Chemplast Sanmar IPO issue size
The total issue size of the upcoming IPO 2023 is around Rs. 3,850 crores, with both fresh issue of shares and Offer for Sale (OFS) components. The fresh issue would generate around Rs. 1,300 crores for the company, whereas the remaining Rs. 2,550 crores would go to the promoter selling shareholders of the company.
- Chemplast Sanmar IPO share price
The Chemplast Sanmar IPO share price range has also been notified by the company. The price band starts at Rs. 530 per equity share and goes all the way up to Rs. 541 per equity share.
- Chemplast Sanmar IPO listing
The latest IPO from Chemplast Sanmar would be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
- Chemplast Sanmar IPO objectives
According to the 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.
If you already have an existing account, you can start your online trading and invest in the upcoming IPO's.
With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.
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