Chemplast Sanmar IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’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 Value | Rs 5 |
| Price Band | Rs 530 to Rs 541 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 27 Shares |
| Listing Date | Aug 24, 2021 |
| Offer for Sale | Rs 25,500 Million |
| Fresh Issue | Rs 13,000 Million |
| IPO Size | Rs 38,500 Million |
| Tick Size | 1 |
Chemplast Sanmar IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Chemplast Sanmar IPO – Summary
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 / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 10 August | 0.00x | 0.03x | 0.84x | 0.16x |
| 2nd Day – 11 August | 0.02x | 0.06x | 1.29x | 0.26x |
| 3rd Day – 12 August | 2.70x | 1.03x | 2.29x | 2.17x |
| Shares Offered or Net Issue | 21,792,453 | 10,896,226 | 7,264,150 | 39,952,829 |
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 Finalization | Aug 18, 2021 |
| Refunds Initiation | Aug 20, 2021 |
| Credit of Shares to Demat Account | Aug 23, 2021 |
| Share Listing Date | Aug 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
Open Free Demat Account Now!
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-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 44,860.93 | 41075.40 | 38015.63 |
| *Total Revenue | 38,151.08 | 12655.10 | 12667.74 |
| Total Expense | 34,016.09 | 11281.54 | 10379.53 |
| Profit After Tax | 4,102.44 | 461.25 | 1184.64 |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 30.60 | 2.04 | 4.53 |
Chemplast Sanmar IPO – Promoters
The Promoter of this company is:
- 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 Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | X Equity Shares |
| Equity Shares outstanding after the Issue | X 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 EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 30.60 | NA | (139.15) |
| 31-Mar-20 | 2.04 | 5.45 | – |
| Mar-19 | 4.53 | 8.39 | – |
Chemplast Sanmar IPO: Competitive Peers
| Face Value (Rs.) | P/E | Basic EPS (Rs.) | Diluted EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Chemplast Sanmar Limited | 5 | [●] | 30.60 | 30.60 | NA | 38,151.08 |
| Listed Peers | ||||||
| PI Industries Limited | 1 | 58.94 | 49.92 | 49.89 | 13.82 | 47,019.00 |
| SRF Limited | 10 | 24.68 | 305.59 | 305.59 | 17.47 | 84,546.30 |
| Finolex Industries | 2 | 14.97 | 11.89 | 11.89 | 23.50 | 35,343.70 |
| Navin Fluorine International Limited | 2 | 73.80 | 52.03 | 51.96 | 15.76 | 12,584.37 |
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 Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to Chemplast Sanmar IPO
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.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics