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Chemplast Sanmar Limited IPO Detail

Chemplast Sanmar Limited IPO Detail

Incorporated in 1985, Chemplast Sanmar Ltd is a leading specialty chemical manufacturer in India. 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. It also produces other types of chemicals such as Caustic Soda, Chlorochemicals, Hydrogen Peroxide, Refrigerant gas, and Industrial Salt.

It has four manufacturing facilities, among which, 3 are situated at Mettur, Berigai, and Cuddalore in Tamil Nadu, and one is located in Puducherry at Karaikal.

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.

Company Promoters

Sanmar Holdings Limited

IPO Details

IPO Opening DateAug 10, 2021
IPO Closing DateAug 12, 2021
Issue TypeBook Built Issue IPO
Face Value₹5 per equity share
IPO Price ₹530 - 541 per equity share
Market Lot27 Shares
Min Order Quantity27 Shares
Listing AtBSE, NSE
Issue Size₹3,850 Cr
Fresh Issue₹1,300.00 Cr
Offer for Sale₹2,550.00 Cr
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0.0x 0.03x 0.83x 0.0x - 0.16x
Day 2 0.02x 0.06x 1.29x - 0.26x
Day 3 2.70x 1.03x 2.29x - 2.17x

IPO Tentative Timetable

The Chemplast Sanmar Limited 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 DateAug 10, 2021
IPO Close DateAug 12, 2021
Basis of Allotment DateAug 18, 2021
Initiation of RefundsAug 20, 2021
Credit of Shares to Demat AccountAug 23, 2021
IPO Listing DateAug 24, 2021

IPO Lot Size

The Chemplast Sanmar Limited IPO market lot size is 27 shares. A retail-individual investor can apply for up to 13 lots (351 shares or ₹189891).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding54.99%

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Dec-20 4,142.21 877.56 16.14
31-Mar-20 4,107.54 1,265.51 46.12
31-Mar-19 3,801.56 1,266.77 1,18.46
31-Mar-18 2,626.05 3,152.59 248.54

Objects of the Issue:

The net proceed from the IPO will be utilized towards the following purposes;

  • Early redemption of NCDs issued by the company in full.
  • Meet general corporate purposes.