About Chemplast Sanmar IPO
Headquartered in Chennai, Chemplast Sanmar is one of the leading speciality chemical producers in India. The company was established in 1985 and is a subsidiary of SHL Chemicals Group, owned by Sanmar Holdings Limited.
Chemplast Sanmar primarily produces speciality paste PVC resins for the Indian agrochemical and pharmaceutical industries. Its products also include starting materials and intermediates, caustic soda, chlorochemicals, and industrial salt. Today, this company is the third-largest manufacturer of hydrogen peroxide and caustic soda in the country.
Chemplast Sanmar IPO Objectives
- Redeem the non-convertible debentures (NCDs) issued by it ahead of their maturity date
- Fulfil general corporate purposes
Chemplast Sanmar IPO Details
| IPO Opening Date | Aug 10, 2021 |
| IPO Closing Date | Aug 12, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per equity share |
| IPO Price | ₹530 to ₹541 per equity share |
| Market Lot | 27 Shares |
| Min Order Quantity | 27 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹5 (aggregating up to ₹3,850.00 Cr) |
| Fresh Issue | [.] Eq Shares of ₹5 (aggregating up to ₹1,300.00 Cr) |
| Offer for Sale | [.] Eq Shares of ₹5 (aggregating up to ₹2,550.00 Cr) |
Chemplast Sanmar IPO Tentative Timetable
The Chemplast Sanmar IPO open date is Aug 10, 2021, and the close date is Aug 12, 2021. The issue may list on Aug 24, 2021.
| IPO Open Date | Aug 10, 2021 |
| IPO Close Date | Aug 12, 2021 |
| Basis of Allotment Date | Aug 18, 2021 |
| Initiation of Refunds | Aug 20, 2021 |
| Credit of Shares to Demat Account | Aug 23, 2021 |
| IPO Listing Date | Aug 24, 2021 |
Competitive strengths
- The largest manufacturer of specialty paste PVC resins in India in terms of installed production capacity.
- 3rd largest manufacturer of caustic soda and the largest manufacturer of hydrogen peroxide in South India.
- A part of the SHL Chemicals Group, one of the most prominent corporate groups in South India.
- A vertically integrated business model with a focus on quality manufacturing.
- Highly experienced managerial team.
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