Chemplast Sanmar Limited IPO Message Board (Page 7)

Chemplast delisted in 2012 at just Rs 15, Now same company coming with ipo price 541 mean Promoter buy back all share at 15 in 2012 now same share they will give public 30x more price Rs.541...What a fraud bull shit.

This Cartarde is not IPO but offer for sales, All 2998 crore is offer for sales & promoter take money home.

Promoter u make 29 crore profit/year & using bull market sentiment for sell 40% stake. If company is good why u dumping 40% stake.

If u take ipo for rising money for company expansion that''''s ok but this is not ipo but offer for sales for buying luxurious car, home for yourself.

SEBI look at & remove IPO tag, This is offer for sales & rising money only for promoter own use & misguide Investor.

Even All 4 IPO over valued ignore all 4 ipo, They will use Market bull sentiment.

Nuvoco Nirma group company, Nirma delisted in 2011 at price 260 now it''s group company coming with ipo.

Nirma group was always controversial . it has a listed company Shree rama multitech which too was taken over by group under highly controversial circumstances and when open offer triggered Nirma refused to comply with SEBI law....the matter went till Apex coourt where SEBI won .

Nirma gang is delisting group seems

Survey to identify Nirma agents active on this forum -

What will be the listing range -
A> 50-100
B> 100-200
c> 400-500
d> above 800

Big AVOID. Promoters selling 46% shares in one go is a big red flagg.

Going to give this IPO a miss :)

Delisted at Rs 12 (Floor price 4.5) in 2012, Promoter holding rose to 100% after delisting. Debt-Equity was 6:1.
Now coming with IPO at Rs 541, reducing promoter holding from 100% to 54%. Debt-Equity now is 1.6
Now also company has debt of 3200 crores on a market cap of abt 7500 crores.

DELISTED at 15 on a floor price of 4.51 .....RBB was during 12 to 18 April 2012 .....RBB was for 19 crore 99 lakh 24227 shares and offered shares were 13 crore 64 lakh 77026 ....book was built at rs 15 where 4 crore 40 lakh 16885 were offered mostly by LIC after 3 pm on 18 April ....

Profit rose 10 times in previous year! Wow what a way to dupe ppl. Chemplast Sanmar had delisted in 2012.

Suddenly they show 10 times rise in Profit and 3 times rise in revenue just a year before.

A Big Avoid! Please do not fall for such operator companies.

They acquired another company in the same line of business last year, the figure shown in 2021 is a consolidated figure.

I am also of same view. price would have been 250-275. Indian share market value has gone above GDP signs of disaster

ON a price multiple comparison of top 8 chemical players with price being in MAY 2012 .....now Chemplast is asking around 7 times at 540 with highest being NAVIN FLUORINE and SRF traded at 44 times increase in market price during the period and lowest being Gujarat alkalies at 4 times increase .next lowest is finolex industries with 15 times .

Chemplast is duping Investors by comparing with peers as Navin Fluorine, SRF, PI, etc. It is just a Plastic Resin company, not a Pure Speciality Chemical company.

Pre Issue Share Holding      100%
Post Issue Share Holding      54.99%
which mean company do not have any NON PROMOTER shareholder now from listing days in 2012 ....it also mean all those who did not participate in RBB have EITHER surrendered in one year exit offer period AND /OR all were holding less than 4000 shares and were given cash credit when face value was increased to 4000 per share in November 2013 .

Again Big Avoid !!

Promoter selling 45% as OFS
Company delisted in 2012 at 15rs given retail investors heavy loss.
Valuation are ok ok.

I was a participants to that RBB in April 2012 and earn good money when it delisted at 15 .....market price was around 7 with 5% circuit limit and share was easily available rather on next day of RBB close when it was clear that discovered price is 15 , the share went on lower circuit as nobody expected promoters to pay 15 .

COMPANY TAGLINE
CHOR CHOR SUPER CHOR

Promoters are fraudsters and they behaved high-handedly with the retailers. Apply at your own risk.

In 60 70s promoters were not charmed about listing companies. Many companies were basically listed to gain income tax rate difference between private and public companies. Then on top there was wealth tax which use to dampen prices on 31st March
Actually first real boost in market was in 1993 post CCI guidelines. But most of the IPOs at that time was of companies which are better known as fly by night
Better IPOs came post 2012 era

Chor company

Investors wealth destroyer

Delisted few years back. @ what price ? Check it.


https://www.equitybulls.com/admin/news2006/news_det.asp?id=103513

https://www.thehindubusinessline.com/markets/stock-markets/Chemplast-Sanmar-delisting-opens-on-April-12-at-Rs-4.51share/article20414575.ece

Will keep distance such deadly chor

Also a manipulators group....not investors friendly

Till today in the history of delisting , these promoters remain the promoters with ever highest delisting price paid in percentage ,compare to floor price ......232.59% !

.DELISTED as face value 1 in June 2012......November 2013 face value increased to 4000 per share (those holding less than 4000 shares were given cash credit on extinguishing shares) JUNE 2015 face value was reduced from 4000 to 10 per share , March 2021 face value was again reduced from 10 to 5 ...August 2021 IPO !

Notorious manipulater seems

Anchor book is so good ..


What is reson ???

What we not seen here.

Daya kuch to gadbad he

based on anchor game change 180 degree for us ?

Too much of anything is good for nothing. Too many manipulations.

Even if shares are given freely, pl do not hold this one.

At present running IPOs will be listing in discount mostly so Pl take precautions. This is my personal suggestion.

Looks like that

I THINK SO ALSO.SMALL CORRECTION CAN TAKE AWAY UR MONEY.

ChemPlast IPO
GMP 30 +/- 1

Highly priced and poor rating 38/100.
Avoid.

Now we should expect GMP activity in this counter.
Better anchor than expected.