New Delhi: The initial public offering (IPO) of speciality chemicals producer Sanmar Chemplast is all set to open for subscription on Tuesday. The company has four manufacturing facilities in Tamil Nadu.
However, it is not the first time that Chemplast Sanmar is raising money from the primary market. It was delisted nearly a decade ago from stock exchanges in June 2012.
It is the largest manufacturer of specialty paste PVC resins in India in terms of installed production capacity. The company is eyeing to raise about Rs 3,850 crore from the primary market. Here are key things you should know about the issue:
- When will the Chemplast Sanmar IPO open for subscription?
The IPO of Chemplast Sanmar will open for subscription on Tuesday, August 10, and will close on Thursday, August 12. - What is the price band for the Chemplast Sanmar IPO?
The price band for Chemplast Sanmar IPO has been fixed at Rs 530-541. - What is the lot size for the Chemplast Sanmar IPO?
Investors can subscribe to the IPO by applying for a minimum of 27 shares or in multiples thereof. A single lot of the IPO is worth Rs 14,607 at the upper range of price band. Retail investors can bid for a maximum of 13 lots. - What is the issue size of the Chemplast Sanmar IPO?
The company is eyeing to raise Rs 3,850 crore from the initial stake sale. The issue comprises fresh issuance of shares, aggregating up to Rs 1,300 crore, and an offer for sale of up to Rs 2,550 crore by promoters and existing shareholders. - Who are the investors offloading their stakes in the Chemplast Sanmar IPO?
Promoters Sanmar Holdings (SHL) and Sanmar Engineering Services (SESL) will offload equity shares worth Rs 2,463.44 crore and Rs 86.56 crore respectively, in the offer for sale. - What is the quota reserved for retail investors in the Chemplast Sanmar IPO?
75 per cent portion of the net issue is reserved for qualified institutional buyers (QIBs), whereas 15 per cent stake will be allotted to non-institutional investors (NIIs). Retail investors will have only 10 per cent reserved for them. - Why is Chemplast Sanmar raising funds via primary markets?
The net proceeds from fresh issue will be utilised for early redemption of non-convertible debentures worth Rs 1,238.25 crore and general corporate purposes, whereas proceeds from offer for sale will go to the existing shareholders. - When will the basis of allotment be finalised for the Chemplast Sanmar IPO?
The finalisation of the basis of allotment is likely by August 18 and the initialisation of refunds is likely by August 20. Meanwhile, credit of shares in the demat account is likely by August 23. - When is Chemplast Sanmar going to list on the stock exchanges?
The listing is likely by August 24. - Where could we check Chemplast Sanmar IPO allotment status?
Those who would bid for the issue can check the subscription status on the online portal of KFin Technologies Private Limited, the registrar to the IPO. - Who are the leading book managers to the issue?
HDFC Bank has been appointed as the global co-ordinators and BRLM for the issue. IndusInd Bank and YES Securities (India) will manage the issue. - What does Chemplast Sanmar do?
Chemplast Sanmar is a specialty chemicals manufacturer in India with focus on specialty paste PVC resin and custom manufacturing of starting materials and intermediates for pharmaceutical, agro-chemical and fine chemicals sectors.The company is engaged in the manufacturing of specialty paste PVC resin, starting materials, and intermediates for agro-chemical, pharmaceuticals, agro-chemical, and fine chemical sectors. - Who are the listed peers of Chemplast Sanmar?
Some of the listed peers of the company include Manali Petrochem, TamilNadu Petroproducts, Bhansali Engineering Polymers, among others. - Where will the shares of Chemplast Sanmar be listed?
The shares of Chemplast Sanmar will be listed on both BSE and NSE.
