Home  »  Ipo Review  »  Chemplast Sanmar Ipo

Let’s have a detailed review of the company and analytics of the Chemplast Sanmar IPO release date, IPO offer price, subscription, Chemplast Sanmar Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 5
Price BandRs 530 to Rs 541
Listing AtBSE, NSE
Min. Order Quantity27 Shares
Listing DateAug 24, 2021
Offer for SaleRs 25,500 Million
Fresh IssueRs 13,000 Million
IPO SizeRs 38,500 Million
Tick Size1

Chemplast Sanmar IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Chemplast Sanmar IPO – Summary

Chemplast Sanmar IPO

CSL is a leading specialty chemicals manufacturer in India with a focus on specialty paste PVC resin and custom manufacturing of starting materials and intermediates for pharmaceutical, agro-chemical and fine chemicals sectors.

CSL is the largest manufacturer of specialty paste PVC resin in India, on the basis of installed production capacity as of December 31, 2020.

The Promoter of this company is SANMAR HOLDINGS LIMITED. The lead manager to the issue is ICICI Securities Limited, Axis Capital Limited, Credit Suisse Securities (India) Private Limited, IIFL Securities Limited, Ambit Private Limited, BOB Capital Markets Limited, HDFC Bank Limited, IndusInd Bank Limited
and YES Securities (India) Limited and the Registrar to this issue is Kfin Technologies Private Limited.


Chemplast Sanmar IPO Date

The opening and the closing date of the IPO of Chemplast Sanmar Limited are Aug 10, 2021, and Aug 12, 2021, respectively.

Check out Related IPO Links:

Chemplast Sanmar GMP
Allotment – Chemplast Sanmar IPO

Chemplast Sanmar IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 10 August0.00x0.03x0.84x0.16x
2nd Day – 11 August0.02x0.06x1.29x0.26x
3rd Day – 12 August2.70x1.03x2.29x2.17x
Shares Offered or Net Issue21,792,45310,896,2267,264,15039,952,829

The shares subscribed by the public will be updated here.

Check Chemplast Sanmar IPO LIVE Subscription

  • Chemplast IPO LIVE Bid details on BSE
  • Chemplast IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Chemplast Sanmar IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Chemplast Sanmar Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment FinalizationAug 18, 2021
Refunds InitiationAug 20, 2021
Credit of Shares to Demat AccountAug 23, 2021
Share Listing DateAug 24, 2021

Chemplast Sanmar IPO Price Band

The face value of each share is Rs.5, but the price band of the IPO is Rs 530 to Rs 541 


Chemplast Sanmar IPO Equity Size

This Initial Public Issue of X Equity Shares of Rs.5 each for cash at a price of Rs 530 to Rs 541 per equity share aggregating to Rs.38,500 Million.


Chemplast Sanmar IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.5/ each.

Issue Size: X Equity Shares of Rs.5 each, aggregating to Rs.38,500 Million

Offer for Sale: X Equity Shares of Rs.5 each, aggregating to Rs. 25,500 Million


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    Chemplast Sanmar IPO – Live Performance

    The listing date of this IPO is Aug 24, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Chemplast Sanmar Share Price

    Chemplast Sanmar IPO Grey Market Premium

    The Chemplast Sanmar Limited IPO Grey Market Premium price is Rs 0, the Kostak rate is Rs 0 and the Subject to Sauda is Rs 0. 


    Chemplast Sanmar IPO – Company Overview

    CSL is also the third-largest manufacturer of caustic soda and the largest manufacturer of hydrogen peroxide, each in South India, on the basis of installed production capacity as of December 31, 2020, and one of the oldest manufacturers in the chloromethanes market in India.

    Pursuant to the CCVL Acquisition, they acquired 100.0% equity interest in CCVL that is the second-largest manufacturer of suspension PVC resin in India and the largest manufacturer in South India, on the basis of installed production capacity as of December 31, 2020.

    The demand for custom manufacturing catered by Indian manufacturers is likely to grow at a CAGR of approximately 12% between the Financial Years 2020 and 2025.


    Chemplast Sanmar IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    31-Mar-2131-Mar-20Mar-19
    Total Assets44,860.9341075.4038015.63
    *Total Revenue38,151.0812655.1012667.74
    Total Expense34,016.0911281.5410379.53
    Profit After Tax4,102.44461.251184.64

    Earnings per Equity Share (in Million)

    31-Mar-2131-Mar-20Mar-19
    Basic & Diluted30.602.044.53

     


    Chemplast Sanmar IPO – Promoters

    The Promoter of this company is:

    1. SANMAR HOLDINGS LIMITED

    List of Related Parties (Key Managerial Personnel)

    • Vijay Sankar, Chairman and Non – executive Director
    • Ramkumar Shankar, Managing Director
    • Chandran Ratnaswami, Non – executive Director
    • Amarnath Ananthanarayanan, Non – executive Director
    • Dr. Lakshmi Vijayakumar, Independent Director
    • Aditya Jain, Independent Director

    Chemplast Sanmar IPO – Promoters Holding

    • Pre Issue Share Holding – 100%
    • Post Issue Share Holding – %

    Chemplast Sanmar IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to X Equity Shares aggregating up to Rs.38,500 Million
    of which:
    Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the IssueX Equity Shares
     Equity Shares outstanding after the IssueX Equity Shares

    Chemplast Sanmar IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Early redemption of NCDs issued by their Company, in full (“NCD Redemption”)
    2. General corporate purposes

    Chemplast IPO – Business Strategy

    • Focus on developing and improving their product portfolio
    • Expanding their production capacities
    • Improving financial performance through a focus on operational efficiencies

    Chemplast Sanmar IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Strong market position in specialty chemicals;
    • Well-positioned to capture favorable industry dynamics
    • Leadership position in an industry with high barriers to entry;
    • Vertically integrated operations;
    • Quality manufacturing facilities with a strong focus on sustainability
    • Operational excellence;
    • Strong parentage and experienced management team

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-2130.60NA(139.15)
    31-Mar-202.045.45
    Mar-194.538.39

    Chemplast Sanmar IPO: Competitive Peers

    Face Value (Rs.)P/EBasic EPS  (Rs.)Diluted EPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    Chemplast Sanmar Limited5[●]30.6030.60NA38,151.08
    Listed Peers
    PI Industries Limited158.9449.9249.8913.8247,019.00
    SRF Limited1024.68305.59305.5917.4784,546.30
    Finolex Industries214.9711.8911.8923.5035,343.70
    Navin Fluorine International Limited273.8052.0351.9615.7612,584.37

    Chemplast Sanmar IPO Lead Managers

    Lead Managers
    ICICI Securities Limited

    Axis Capital Limited

    Credit Suisse Securities (India) Private Limited

    IIFL Securities Limited

    Ambit Private Limited

    BOB Capital Markets Limited

    HDFC Bank Limited

    IndusInd Bank Limited

    YES Securities (India) Limited

    Chemplast Sanmar IPO Registrar to offer

    Registrar to the Offer
    Kfin Technologies Private Limited
    Selenium, Tower B,
    Plot No- 31 and 32, Financial District,
    Nanakramguda, Serilingampally
    Hyderabad, Rangareddi 500 032
    Telangana, India
    Tel: +(91) 40 6716 2222
    E-mail: chemplast.ipo@kfintech.com
    Investor grievance e-mail:einward.ris@kfintech.com
    Website: www.kfintech.com
    Contact Person: M Murali Krishna
    SEBI Registration No.:INR000000221

    Chemplast IPO – Other Details

    • Statutory Auditor – S.R. Batliboi & Associates, LLP, Chartered Accountants
    • Legal Counsel to the Company – NA
    • Bankers to the Company –  NA


    Chemplast Sanmar IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Chemplast Sanmar Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Chemplast Sanmar IPO Review FAQs

      What is the Issue Size of Chemplast IPO?

      The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Chemplast Sanmar IPO?

      The price band for this particular IPO ranges between Rs 530 to Rs 541. As far as the face value of the share is of concern, it is Rs.5 per share.

      What is the Chemplast IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on Aug 10, 2021, while the closing date is set at Aug 12, 2021.

      What is the Chemplast IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Aug 18, 2021, refund initiation is on Aug 20, 2021, credit of shares is on Aug 23, 2021, and share listing date is on Aug 24, 2021.

      What is the Chemplast IPO Listing Date?

      Shares of this company shall be listed in the exchanges on Aug 24, 2021. The date, when the listing would be done, is stagnant on Aug 24, 2021.

      Who is the Registrar of Chemplast Sanmar IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. Kfin Technologies Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Chemplast Sanmar IPO?

      Here are the promoters of this IPO – SANMAR HOLDINGS LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Chemplast IPO?

      They have obtained the GMP of this IPO and it is Rs 0. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is Chemplast Sanmar IPO good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Chemplast Sanmar Company?

      They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 4,102.44, 2020 is 461.25, 2019 is 1184.64.


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