Chemplast Sanmar IPO opens today: Check issue price, allotment dates and key details here

• 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.

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

The company also manufactures caustic soda, chlorochemicals, hydrogen peroxide, refrigerant gas and industrial salt.

It has four manufacturing facilities, of which three are located in Tamil Nadu and one is located in Puducherry.

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