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Chemplast Sanmar Limited IPO was Subscribed 2.17 Times

05 August 20226 mins read by Angel One
Chemplast Sanmar Limited IPO was Subscribed 2.17 Times
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

On the last day of its public offering, Chemplast Sanmar received a total subscription of 2.17 times. The initial share sale received an accumulated bid of 8,66,38,140 shares from various investor categories. The total number of reserved shares for this public offering was 3,99,52,829.

Incorporated in 1985, Chemplast is one of the leading speciality chemical manufacturers of this country. It produces chemicals such as Hydrogen Peroxide, industrial salt, refrigerant gas, chlorochemicals, caustic soda, etc. The company has 4 manufacturing plants across the country and caters to a global client base.

With the help of this IPO, the company aimed to gather Rs. 3850 crores. The IPO comprised fresh issue equity shares worth Rs. 1300 crores and offer for sale of Rs. 2550 crores. The face value of shares in this IPO is Rs. 5 a piece, and the price band of this public offering is Rs. 530 to Rs. 541 per share.

Chemplast Sanmar Limited IPO Performance: The Final Result

Here is an overview of how Chemplast Sanmar IPO performed on the third and final day of its public offering in different investor segments –

  • Qualified Institutional Buyers (QIBs) bid for 5,87,68,362 sharesagainst the 2,17,92,453 shares reserved for them.
  • Non-Institutional Investors (NIIs) sought 1,12,40,073 shares out ofthe 1,08,96,226 reserved shares.
  • Retail Individual Investors bid for 1,66,29,705 shares againstthe 72,64,150 shares allocated for them.

Here’s a tabular representation of Chemplast Sanmar IPO performance across different investor segments:

Investor Segment Subscription details
QII 2.70 times
NII 1.03 times
RII 2.29 times
Total 2.17 times

54.55% of the total shares were reserved for the QIB category. Whereas 27.27% and 18.18% were for NII and RII, respectively.

An Overview of Chemplast Sanmar IPO’s Anchor Investment

As per reports filed with BSE, Chemplast Sanmar has gathered Rs. 1732.5 crores through anchor investments. The company allotted 3.2 crore shares at a price point of Rs. 541 each share. The list of domestic and marquee investors of this session includes –

Domestic Investors

  1. ICICI Prudential
  2. SBI Mutual Fund
  3. Mirae Asset
  4. Axis Mutual Fund
  5. HDFC Life Insurance
  6. HDFC Trustee
  7. Franklin India
  8. Aditya Birla Sun Life
  9. JM Financial
  10. IIFL Special Opportunities Fund
  11. Nippon Life
  12. Sundaram Mutual Fund
  13. IDFC
  14. Edelweiss

Marquee Investors

  1. Government Pension Fund Global
  2. Public Sector Pension Investment Board
  3. Best Investment Corporation
  4. Goldman Sachs
  5. Abu Dhabi Investment Authority
  6. Amundi Funds
  7. Volrado Venture
  8. Kuber India Fund
  9. Jupiter India Fund
  10. Neptune Investment
  11. CLSA
  12. Nomura
  13. Segantii India Mauritius
  14. Copthall Mauritius
  15. Moon Capital
  16. Tara Emerging Asia
  17. Societe Generale

The proceeds from the fresh issue will be used for the redemption of Non-convertible Debentures along with general corporate purposes.

The lead managers of this IPO are –

  1. ICICI Securities Limited
  2. Credit Suisse Securities (India) Private Limited
  3. Axis Capital Limited
  4. Ambit Private Limited
  5. IIFL Securities Limited
  6. HDFC Bank Limited
  7. IndusInd Bank Limited
  8. BOB Capital Markets Limited
  9. YES Securities (India) Limited

Additionally, KFin Technologies Private Limited is the registrar of this public offering.

Chemplast Sanmar IPO: Highlights of Day 1 and Day 2

Here is an overview of how Chemplast Sanmar IPO has performed in the first two days of its IPO –

Bidding Day Qualified Institutional Buyers Non Institutional Investors Retail Individual Investors Total 
Day 1 0.00 times 0.03 times 0.83 times 0.16 times
Day 2 0.02 times 0.06 times 1.29 times 0.26 times

Parting Thoughts

Speciality chemical manufacturer Chemplast Sanmar has re-entered Dalal Street almost after a decade. Considering the company’s financial health and its potential, it has managed to draw ample investors from each market segment. Nonetheless, individuals who have missed out or failed to get allotment post-IPO can easily purchase shares via the Angel One platform once the stock is listed.


Frequently Asked Questions

  1. What is the listing date of Chemplast Sanmar IPO?

The listing date of Chemplast Sanmar IPO is 24 August 2021.

  1. Where will the Chemplast Sanmar shares be listed?

The shares of Chemplast Sanmar will get listed on NSE and BSE.

  1. What is the refund initiation date of Chemplast Sanmar IPO?

The refund initiation date of Chemplast Sanmar IPO is 20 August 2021

  1. When will applicants receive their Chemplast Sanmar IPO shares?

The applicants will receive their shares of Chemplast Sanmar IPO on 23 August 2021.


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