Chemplast Sanmar Limited IPO – Aug 10 to 12

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Chemplast Sanmar Limited IPO – Aug 10 to 12

August 06, 2021
Chemplast Sanmar Limited IPO – Aug 10 to 12

Chemplast Sanmar Ltd. is coming out with a fresh public issue to raise Rs 3,850 crores from the market.

Key details of the issue:

  • Issue opens – Aug 10 (Tuesday)
  • Issue closes – Aug 12 (Thursday)
  • Issue size – Rs 3,850 crores
  • Price band – Rs 530 to 541 per equity share
  • Bid lot – 27 shares and in multiples thereof

And here are some details of the company and further details on the Chemplast Sanmar Ltd. issue.

Company details:

Chemplast Sanmar Limited was incorporated on Mar 13, 1985. The promoter of the company is Sanmar Holdings Ltd. (SHL). CSL is a part of the SHL Chemicals Group, which in turn is a constituent of the Sanmar Group, one of the oldest and most prominent corporate groups in South India. Fairfax India Holdings Corporation, a well-known international investor led by Prem Watsa, has invested through FIH Mauritius Investments Ltd. in the SHL Chemicals Group since 2016.

CSL is a specialty chemicals manufacturer in India with a focus on specialty paste PVC resin and custom manufacturing of starting materials and intermediates for the pharmaceutical, agro-chemical and fine chemicals sectors. CSL is the leading manufacturer of specialty paste PVC resin in India, on the basis of installed production capacity as of Dec 31, 2020. In addition, CSL is also the 3rd largest manufacturer of caustic soda and the largest manufacturer of hydrogen peroxide, in the South India region, on the basis of installed production capacity as of Dec 31, 2020, and one of the oldest manufacturers in the chloromethanes market in India.

Pursuant to the acquisition of Chemplast Cuddalore Vinyls Ltd. (CCVL), it acquired 100% equity interest in CCVL, which is the 2nd largest manufacturer of suspension PVC resin in India and the largest manufacturer in the South India region, on the basis of installed production capacity as of Dec 31, 2020.

CSL has 4 manufacturing facilities, of which 3 are located in Tamil Nadu at Mettur, Berigai and Cuddalore, and one is located in Puducherry at Karaikal.

Issue size: Rs 3,850 crores

Issue break-up:

  • QIB – 75% of the offer – Rs 2,887.5 crores
  • NIB – 15% of the offer – Rs 577.5 crores
  • RET – 10% of the offer – Rs 385 crores

Listing: NSE and BSE

Registrar: KFin Technologies Private Limited

UPI: All retail applications through brokers are compulsorily in UPI mode

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