Speciality chemical manufacturer, Chemplast Sanmar Ltd. is all set to launch its new IPO on 10 August. The company had approached SEBI earlier in May with its preliminary papers. It received the capital markets regulator’s approval later in July.
Here is all you need to know about the initial public offering before investing.
Part of the Chennai-based Sanmar Group, Chemplast started working on this IPO in March this year. Later, it filed the DRHP to raise Rs. 3,500 crores via an initial public offering.
Know about other details of the IPO here:
Interested individuals can purchase Chemplast Sanmar IPO shares by opening a DEMAT account on the Angel One platform.
Operating across 4 locations, Chemplast has its manufacturing units at Tamil Nadu’s Cuddalore, Berigai, Mettur, and Puducherry’s Karaikal. The company focuses on manufacturing speciality paste PVC resin and starting and intermediate materials for agrochemical, fine chemicals, and pharmaceutical sectors.
Have a look at the company financials in recent times –
Chemplast plans to utilise the upcoming IPO’s proceeds for the following purposes –
The company also hopes its listing will augment brand awareness.
Here are some of the company’s key strengths to help you understand how you can benefit from investing in its shares –
The IBEF estimates India’s chemicals industry to grow at 9.3% by 2025. Plus, polymer products accounted for 75% of total petrochemicals consumption in India in 2019-20. Thus, it hints at steady growth potential for Chemplast products, beneficial for investors in the long run.
Chemplast Sanmar’s latest public offering will be available at Rs. 5 per equity share.
Canadian billionaire Prem Watsa is the primary investor of Chemplast Sanmar.
The merchant bankers are Axis Capital, ICICI Securities, Yes Securities, Credit Suisse Securities (India) Pvt Ltd., Ambit, BOB Capital Markets, IndusInd Bank, HDFC Bank, and IIFL Securities for this issue.
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