The initial public offer (IPO) of speciality chemical manufacturer Chemplast Sanmar was subscribed 16 percent on August 10, the first day of bidding, as investors sent in bids for 64.48 lakh equity shares against an offer size of 4 crore shares.
The offer size has been reduced to 3.99 crore equity shares from 7.11 crore equity shares after the company raised Rs 1,732.5 crore from
anchor investors at the higher end of the price band of Rs 530-541 per equity share.
Also Read:
The IPO of the Chennai-based speciality chemicals maker, which is a part of the Sanmar Holdings group, is a combination of a fresh issue and an offer for sale by promoters.
The IPO comprises fresh issuance of shares worth Rs 1,300 crore, and an offer for sale (OFS) of shares worth Rs 2,550 crore by promoters.
The issue will close on Thursday, August 12.
First Published: Aug 10, 2021 1:54 PM IST
