You can find the Chemplast Sanmar IPO GMP and Share Price as well as Allotment Status, Dates, and Other Details here. You can find the Chemplast Sanmar GMP here. Tuesday, August 10 is the first day of subscriptions for Sanmar Chemplast’s IPO. The company has four manufacturing sites in Tamil Nadu. We will be covering everything related to Chemplast Sanmar IPO GMP and Share Price as well as Allotment dates.
Chemplast Sanmar IPO
Chemplast Sanmar only raised cash through primary market transactions in its past history. The company was declared bankrupt in June 2012 after it had been delisted from the stock exchanges nearly a decade prior. India’s leading producer of PVC resins, the company has the highest installed production capacity. The company expects to raise approximately Rs 3850 crore from the primary markets.
Chemplast SanmarThe Indian manufacturer of specialty chemicals, – was founded by. The company is a major manufacturer of PVC resin, specialty pastes and starter materials. The company also produces caustic soda, refrigerator gas and caustic soda.
Chemplast Sanmar IPO GMP
Dates for the IPO
The public sale of shares will be open for three days during the public offer. Trading and subscriptions will close on August 12.
Price for the IPO
Company plans to sell shares in an offering public for Rs 3,850 crore. The company issued Rs 1300 crore, and the promoters proposed to sell Rs 2463.4 crore.
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IPO Issue Size
The Chemplast Sanmar IPO will raise a total amount of Rs 3.850 crore. The public offering also includes a fresh issue worth Rs 1.300 crore.
An offer to sell Rs.2,500 has been also made. Each equity share is valued at Rs 5.
This new issue will provide net proceeds to the company in order for them to quickly redeem their non-convertible debentures and conduct corporate operations.
No money will be taken by the company after the offering for sale. All funds will go directly to shareholders who have sold their shares.
According to the public issue, August 18th will be used as the base for allotment. Currently, a tentative August 24 listing date has not been confirmed.
Refunds for unqualified bidders are available on August 20. On August 23, the shares will be credited to the bidders’ Demat accounts.
Chemplast Sanmar IPO Lot Size
- For the IPO, a minimum investment amount of Rs 14607 and a minimum number of shares of 27 are required.
- Maximum amount allowed at the higher end of the spectrum is Rs. 189,891, which limits the size of the lot to 351 shares.
- Retail investors may request up to 13 lots, with the maximum lot size.
Chemplast Sanmar IPO category Reservation
Qualified institutional buyers hold a reserve of 75 percent, while non-institutional investors have a reserve of 15%.
Ten percent has been reserved by the retail sector.
Profil of a Company’s Work
Indian company Chemplast manufactures specialty chemicals. The company produces specialty PVC paste resins that can be used in pharmaceuticals, fine chemicals and agrochemicals.
As per its installed production capacity, it is one of India’s most prominent paste PVC resin manufacturers.
It’s also the largest producer of caustic soda and has a high production of hydrogen peroxide.
It is also one of India’s oldest and most prominent manufacturers of chloromethane.
CCVL was acquired by the company in 100 percent. Suspension PVC resin is the company’s second biggest product line.
It is South India’s largest producer in terms of its installed production capacity.
Chemplast Sanmar’s net worth was negative as of fiscal 2021. Chemplast’s losses primarily result from restructuring, not because of operational or fund losses.
In December 2019, 12.4 billion non-convertible debentures were issued with an interest rate of 17.5%.
The income from SGIL was not only invested but also paid to SHL, its promoter. Rest of the funds were used to pay off the debt.
SGIL has redeemed the company’s investments in 2021. An additional investment in the amount of $9.8billion was made by SGIL and a group firm.
Over the past three years, it has earned net profits of 1.2billion, 461.3million, and 4.1billion.
The Company’s Strengths
- There is a high chance that the company will be able to capitalize on industry trends.
- It is an industry leader.
- The company’s manufacturing operations can be vertically integrated.
- Company is dedicated to sustainable manufacturing while maintaining high quality facilities.
- Up to Rs. 256 crore will be spent by FY24. To develop a plant to produce specialty paste PVC resins.
For FY20, investments in technology, machinery and plants totalled Rs 113 crore. With its hydrogen peroxide facility, it is in a good position to profit from future market growth.
This will ensure that it remains a market leader.
It is a respected company because of its strong family foundation and highly skilled team that has extensive industry experience. Operational excellence has also been demonstrated by the company.
Following the closing of the issue’s August 12, the company will close the issue and distribute the IPO shares on August 18. Investors who have not been eligible for refunds will receive them starting August 20.
By August 23, eligible investors can access shares through their Demat accounts. On August 24, shares can be traded. A proposal for an equity share listing on NSE or BSE will be made.
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