Chemplast Sanmar to raise ₹3,850 crore through IPO starting from August 10

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Chemplast Sanmar to raise ₹3,850 crore through IPO starting from August 10
BCCL
  • Chemplast Sanmar is a leading supplier of intermediates for global agrochemical, pharmaceutical and fine chemical innovators.
  • The speciality chemicals manufacturer is looking to raise ₹3,850 crore starting with a price band of ₹530-₹541 per share.
  • The IPO of the company will open on August 10 and close on August 12.
Another speciality chemical company Chemplast Sanmar is set to launch its initial public offering (IPO) on exchanges. In July, Clean Science and Technology and Tatva Chintan Pharma Chem were the two IPOs in the speciality chemicals segment that made a strong listing as investors remain bullish on the chemical industry.

Chemplast Sanmar is a speciality chemical manufacturer with a focus on specialty paste poly vinyl chloride (PVC) resin and custom manufacturing of starting materials and intermediates for pharmaceutical, agro-chemical and fine chemicals sectors.

The company is looking to raise ₹3,850 crore via IPO that will comprise of ₹1,300 crore fresh issue and offer for sale up to ₹2,550 crore from existing shareholders.

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It has set a price band of ₹530 to ₹541. Chemplast Sanmar IPO will be accompanied by Aptus Value Housing IPO opening on the same date i.e. August 10.
Issue details
Price band₹530 to ₹541
IPO open dateAugust 10
IPO close dateAugust 12
Allotment dateAugust 18
Initiation of refundsAugust 20
Credit of shares to demat accountAugust 23
IPO listing dateAugust 24
Minimum lot27

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. Moreover, the company is a part of Sanmar Group.

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The company has acquired Chemplast Cuddalore Vinyls in FY21, which is the second largest manufacturer of suspension PVC resin in India and the largest manufacturer in the South India region.

The IPO proceeds will be utilised on early redemption of non-convertible debentures (NCDs) issued by the company in full and for meeting general corporate purposes.

ParticularsFY21FY20FY19
Revenue₹3815.1 crore₹1265.5 crore₹1266.7 crore
Profits₹410.2 crore₹46.1 crore₹118.4 crore

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