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 LimitedIPO Details
| IPO Opening Date | Aug 10, 2021 |
| IPO Closing Date | Aug 12, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per equity share |
| IPO Price | ₹530 - 541 per equity share |
| Market Lot | 27 Shares |
| Min Order Quantity | 27 Shares |
| Listing At | BSE, 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)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.0x | - | - | 0.03x | 0.83x | 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 Date | Aug 10, 2021 |
| IPO Close Date | Aug 12, 2021 |
| Basis of Allotment Date | Aug 18, 2021 |
| Initiation of Refunds | Aug 20, 2021 |
| Credit of Shares to Demat Account | Aug 23, 2021 |
| IPO Listing Date | Aug 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 27 | ₹14607 |
| Maximum | 13 | 351 | ₹189891 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 54.99% |
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.
