Chemplast Sanmar IPO will open for subscription from 10 August 2021. the company aims for an issue size of ₹3,850 crores through this IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Chemplast Sanmar Limited
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.
Objects of the Issue
- Early redemption of NCDs issued by the company in full.
- Meet general corporate purposes.
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.
Basic details about the company
| Full name | Chemplast Sanmar Limited |
| Sector | Chemicals |
| Industry | Chemicals |
| Company Website | www.chemplastsanmar.com |
Dates to remember
| IPO Open | 10 August 2021 |
| IPO Close | 12 August 2021 |
| Basis of Allotment | 18 August 2021 |
| Refunds date | 20 August 2021 |
| Credit to Demat Account | 23 August 2021 |
| Listing Date | 24 August 2021 |
IPO details
| Issue type | Book Building |
| IPO issue size | ₹3,850.00 Cr |
| Fresh Issue | ₹1,300.00 Cr |
| Offer for sale | ₹2,550.00 Cr |
| Face value | ₹5 per equity share |
| Price band | ₹530 to ₹541 per equity share |
| Retail Allocation | 10% |
| Lot size | 27 Shares |
| Minimum application | 1Lot-27 Shares |
| Maximum application | 13 Lots-351 Shares |
| Minimum application amount | ₹14,607 |
| Maximum application amount | ₹189,891 |
| Listing Exchange | BSE & NSE |
Company Financials
| Particulars | For the year/period ended (₹ in million) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 44,860.93 | 41,075.40 | 38,015.63 |
| Total Revenue | 38,151.08 | 12,655.10 | 12,667.74 |
| Profit After Tax | 4,102.44 | 461.25 | 1184.64 |
Valuation of Chemplast Sanmar (as of FY2020)
| Earnings Per Share (EPS) | ₹30.60 |
| Price/Earnings (PE ratio) | 17.32 – 17.68 |
| Return on Net Worth (RONW) | NA |
| Net Asset Value (NAV) | 139.15 per share |
Company Promoters
- Sanmar Holdings Limited
Chemplast Sanmar IPO Lead Manager(s)
- Ambit Private Limited
- Axis Capital Limited
- BOB Capital Markets Limited
- Credit Suisse Securities (India) Private Limited
- HDFC Bank Limited
- ICICI Securities Limited
- IIFL Holdings Limited
- IndusInd Bank Limited
- Yes Securities (India) Limited
Chemplast Sanmar IPO Registrar
KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: chemplast.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Company Contact Information
Chemplast Sanmar Limited
9, Cathedral Road, Chennai, 600086
Phone: + (91) 44 28128500
Email: grd@sanmargroup.com
Website: http://www.chemplastsanmar.com/
Chemplast Sanmar IPO Allotment Status
Chemplast Sanmar IPO allotment will be available on KFin Technologies’ website.
Click on this link to get allotment status.
Final thoughts
Chemplast Sanmar IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing