Chemplast Sanmar Limited IPO Message Board (Page 8)

Anchor ⚓

https://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20210809-53&attachedId=96b62639-713f-4a84-b55e-fac339ac65ed

Never invest in delisted companies even if promoter begs you too.. Greedy Promoters of Companies like Cadbury, baggry''s etc.. delist companies as soon as they see bright future for the company and delist it and force share holders to relinquish their shares at paltry sums.. These kind of promoter should never be allowed to raise money.. They start their company with public money and throw out the public when they see bright future.. Who is to say that these promoters will not once again delist the company.. Retail should learn and shun these types of companies to set a standard for IPOs.

Can anyone tell current GMP..??

Can any one share link for Anchor investors list.
Thanks.

Apart from delisting history, I know two other blackmarks about this company.
1. They had a plant/office on a prime location in Chennai IT corridor. There was a ''fire'' and that location got closed. Company collected insurance and that site is put up for real estate sale.
2. The whole management is Brahmins. Nobody else can work there peacefully. They will make life miserable for others. Totally unprofessional.
.
I simply suggest skip this fraud and unprofessional company.
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The one other guy who is defending this IPO in this forum is an insider.

You seem to be a product of reservation as you have illogical prejudices towards Brahmins. Don''t do that.

It''s the Brahmins who are getting reservations now through EWS.

Discovered
Chemplast Sanmar never had an IPO
It became a listed company by acquiring a listed company named CPIL which had its IPO in mid 70''s

Urethanes India Limited’ was original name and . Subsequently, Chemicals and Plastics India Limited was amalgamated with it due to Scheme of Amalgamation , name was changed from “Urethanes India Limited” to “Chemicals and Plastics India Limited” ...again dated September 1, 1995, name was changed from “Chemicals and Plastics India Limited” to “Chemplast Sanmar Limited”

Urethanes India Limited’ was original name and . Subsequently, Chemicals and Plastics India Limited was amalgamated with it due to Scheme of Amalgamation , name was changed from “Urethanes India Limited” to “Chemicals and Plastics India Limited” ...again dated September 1, 1995, name was changed from “Chemicals and Plastics India Limited” to “Chemplast Sanmar Limited”

after delisting .....From RHP of company.....DELISTED as face value 1 in June 2012......November 2013 being a unlisted Private company face value was 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 .

FIRST ever company to apply for re-listing after having VOLUNTARILY delisted via RBB process ( DLF was not voluntarily delisted through RBB ) ....in June 2012 at 15 per share face value 1 through RBB process on a floor price of 4.51 . i was a participant to that delisting when market price was around 7 per share in April 2012 when d listing RBB started and still remember only on last day and last minute LIC bid at 15 to get a discovered price of 15 . next trading day the share was in LC because it was not expected from promoters to accept . The acceptance of 15 was there few days later in Financial express an till today it remain the promoters with ever highest exit price paid in % terms compare to floor price ......232.59% !

*IPO Scam* : Chemplast Sanmar was delisted nearly a decade from the stock exchanges. It was delisted from BSE, NSE and MSE with effect from June 25, 2012, June 18, 2012 and June 25, 2012, respectively.

Company delisted a decade ago at Rs 5/- is now coming with IPO at Rs 540/- !! 😅

Be careful🚨

@arunARUN,

Hi, Can you share some more information about company???

1) Previous IPO Offer Price & IPO Date
2) Listing Price Previous IPO
3) Historical Financial/Stock Price Performance after listing and before delisting

That would really help everyone to take an informed decision...and judge management track record.

Thanks in advance.

@teena kumari
I am not able to find out IPO price or listing price. Only one thing able to find out that IPO was done in 1992 in CCI guideline time so most likely 10 Rs. share must have been issued at 10/
Then in 1994 one finds preferential offer at 200 for face value 10. There were multiple pref offers and bonuses
On 31st March 2008 book value for face value 1 was Rs. 7.51 (before rights issue) which was later delisted at Rs 15 in 2012
Sorry- Very old data. No google type of entity nor any databases

Don''t just jump blindly without verifying company background...
check reviews of customers and employees and stakeholders before putting money in any company.

Any company that has shown growth on papers but hasn''t given any hike to any employee for 2 years can''t be in a good position for long-term investment.
There are many companies that paint bright pictures on a dark wall.

anyone familiar with the operations of anycompany will know if you are smart enough while reading. And surely if you need a bot/ operator to defend every post beware.....

IPO SCAM
Chemplast Sanmar was delisted in a Year 2012 from the stock exchanges.

Company delisted a decade ago at Rs 5/- is now coming with IPO at Rs 540/- !! Smiling face with open mouth and cold sweat

Factually wrong. It got delisted at Rs. 75 for equivalent 5 face value. Please see facts before commenting

Please be cautious about that kind of IPOs. This company was deleted in 2012 at 5 RS./share. And now IPO at 541 RS. chatiw

Factually wrong. It was delisting for Rs. 75 for face value 5 equivalent way back in 2012. See market movement and chemical sector fancy

Can i buy Adani enterprises shares today to qualify for Adani wilmar IPO shareholder quota?

Can any member tell this?

Yes buy 1 share for around Rs. 1500 and forget it. Post IPO in spring cleaning get out of that post IPO
Loss or gain on 1 share would not matter much

Chemplast Sanmar Limiited.
Again a speciality chemical company pop up with an IPO. This is their second time entry in Stock market. The company is in an aggressive growth along with the petrochemical sector/chemical sector booming now a days, driven by an experienced management. The company is issueing the IPO mainly for deliver the depth with their NCD''s, thus they can save huge interest in their coming quarters. They are the NO:1 speciality paste PVC manufacturar in INDIA.

The company Chemplast Sanmar Ltd was once delisted from the exchanges said that the floor price for the equity shares of the company has been fixed at Rs 4.51 per equity share. This is for buy back of the company''''s share by its parent, Sanmar Holdings, and the voluntary delisting of the equity shares. The bid opens on April 12,2011 and closes on April 18,2011.The company''''s paid-up equity share capital comprises of 7.99 crore fully paid-up equity shares having face value of Re 1 each.

The delisting was intiated by the Company itself (It is not an disciplinery action from the SEBI).

Some part factually wrong. Reverse book building process suggested price of Rs. 15 for face value 1 share which was then accepted by promoters
Now face value is 5 so equivalent delisting price would become Rs. 75 is 2012

Chemplast IPO:
Sudden increase of revenue almost 3 times and increase of profit almost 10 times in 2021.

Looks like financials nos. are cooked for IPO launch.
I am not an accounting expert but something wrong in financial nos.

Be careful before apply.

They take over one of their sister concern.

The RHP itself says that the FY21 numbers are not comparable with FY20 or FY19. The numbers look much higher because they merged a company with themselves through a scheme of amalgamation.

Yes , before RHP

Negative Net Worth Per Share Rs 139 for FY 21. How Despite Profits in FY 21 the Net worth became Negative ? Further despite So much Negative Net worth company is asking hefty premium .

EPS is Rs 4.53, Rs 2.04 and Rs 30.60 Respectively for FY 19, FY 20 & FY 21. EPS saw unbelievable jump of 15 times from Previous year just when company wants to come out with IPO.

Return on Net Worth is 8.39% & 5.45% Respectively for FY 19, FY 20 which is quite low as compares to other Listed Peers Return on Net Worth ranging from 13.82 % to 23.50%.

All the above data is available in Price band advertisement issued by the company.

GMP- 35 should not count. After todays carnage avoid all 4 IPOs. Cartrade has some steam left in its GMP.

@forsenCD,
Just for your kind information I am not posting here bla bla bla, but cautioning investors so that they should take informed decision before investing in a company having such track record of delisting itself. All investors are free to take their own decision to invest or not to invest. My only concern is that one should not burn his hard earned money in current IPO frenzy situation.

You also talked about knowledge of stock split and reverse stock split. Just for your kind information, I am a qualified Chartered Accountant having complete knowledge of Shares, Company Accounting, Accounting Standards, Financial Ratios etc. But I don''t have attitude / arrogancy for my knowledge.

FIRST ever company to apply for re-listing after having VOLUNTARILY delisted ( DLF was not voluntarily delisted through RBB ) ....in June 2012 at 15 per share face value 1 through RBB process on a floor price of 4.51 .

Be cautious about IPO, lot of manipulation about share face value in past, and fraud promotors management. Nothing change if not apply one ipo like this type of company. Don''t go blindly.

Why you did not comment to SEBI if you knew about fraud done by the promoters.
You dont have any standing ground in front of SEBI
You are free not to apply like every one else is to apply or not to apply