CNBC TV18
LIVE TV

Home

Latest News
Featured

Live TV

Market Live
Minis
Podcasts

CNBC-TV18 Specials

Photos
CNBC-TV18 Binge
Storyboard

Sections

Terms and Conditions

homemarket NewsChemplast Sanmar IPO opens: Key things to know

Chemplast Sanmar IPO opens: Key things to know

Chemplast Sanmar's IPO comprises fresh issuance of shares worth Rs 1,300 crore, and an offer for sale (OFS) worth Rs 2,550 crore by promoters.

Profile image

By CNBCTV18.com Aug 10, 2021 10:24:59 AM IST (Updated)

Listen to the Article(6 Minutes)
Chemplast Sanmar's initial public offer (IPO) to raise Rs 3,850 crore opened for subscription on Tuesday, August 10. The IPO of Chennai-based specialty chemicals maker Chemplast Sanmar, which is a part of the Sanmar Holdings group, is a combination of a fresh issue and an offer for sale by promoters. The public offer will close on Thursday, August 12.

Share Market Live

View All
View All

Here are key things to know about the Chemplast Sanmar IPO:
  • Issue size: The IPO comprises fresh issuance of shares worth Rs 1,300 crore, and an offer for sale (OFS) worth Rs 2,550 crore by promoters.
  • Fund utilisation: The company aims to use the proceeds from the IPO to achieve early redemption of its NCDs, and for general corporate purposes.
  • Price band: Chemplast has set a target price of Rs 530-541 for the issue.
  • Lot size: Shares will be available for bidding in multiples of 27. At the upper end of the price band, one lot will cost investors Rs 14,607.
  • Investor quota: While 75 percent of the issue is reserved for qualified institutional investors (QIBs), a quota of 15 percent is fixed for non-institutional investors, and the remaining 10 percent for retail investors.
  • Listing: Shares will be listed on stock exchanges BSE and NSE.
  • Book running lead managers/registrar: ICICI Securities, Axis Capital, Credit Suisse Securities India, IIFL Holdings, Ambit Private, HDFC Bank, BOB Capital Markets, IndusInd Bank and Yes Securities are the BRLMs to the issue, and Kfin Technologies is the registrar.
  • Company profile: Chennai-based Chemplast Sanmar (CSL) is a part of the Sanmar Holdings group, one of the oldest and most prominent corporate groups in the southern part of the country. The company is one of the leading manufacturers of specialty paste PVC resin in India. It has four manufacturing facilities: three in Tamil Nadu and one in Puducherry.
    • (Edited by : Abhishek Jha)
    First Published: Aug 9, 2021 8:42 PM IST
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

    Tags

    Chemplast SanmarChemplast Sanmar IPOCOVID-19

    Lok Sabha Election 2024: What rural Delhi wants

    May 16, 2024 10:10 PM

    Over 50 onion farmers detained in Nashik ahead of PM Modi's visit

    May 16, 2024 11:14 AM

    Why Google CEO is cautiously optimistic about the election year

    May 16, 2024 9:51 AM

    Mark Mobius reveals how markets will react if NDA wins 400+ Lok Sabha seats

    May 15, 2024 8:09 PM
    View More

    Most Read

    Share Market Live

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CurrencyPriceChange%Change