Chemplast Sanmar IPO opens today: Check issue price, allotment dates and key details here
Aug 10, 2021, 08:55 IST
- Chemplast Sanmar IPO opens on Tuesday and concludes on August 12.
- The speciality chemical manufacturer is looking to raise ₹3,850 crore through the public issue of shares.
- It is one of the leading suppliers of intermediates for global agrochemical, pharmaceutical and fine chemical innovators.
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Amid several initial public offerings (IPOs) opening this week, one is of the speciality chemical manufacturer Chemplast Sanmar. The Chennai-based company is looking to raise ₹ 3,850 crore through the public issue of shares that is open for bidding on Tuesday and will close on August 12.
The offer will comprise of ₹1,300 crore fresh issue and offer for sale (OFS) up to ₹2,550 crore from existing shareholders.
Chemplast Sanmar is a speciality chemical manufacturer with a focus on speciality paste poly vinyl chloride (PVC) resin and custom manufacturing of starting materials and intermediates for pharmaceutical, agro-chemical and fine chemicals sectors.
Here are some of the important dates you should remember.
Issue details | |
Price band | ₹530-₹541 |
IPO open date | August 10 |
IPO close date | August 12 |
Allotment date | August 18 |
Initiation of refunds | August 20 |
Credit of shares to demat account | August 23 |
IPO listing date | August 24 |
Minimum lot | 27 |
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It has four manufacturing facilities, of which three are located in Tamil Nadu and one is located in Puducherry.
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