Chemplast Sanmar Limited IPO Message Board (Page 9)

Same doubt. Some thing wrong.

In 2020...admin forgot put in bracket, it means its losses company this financial year.

Current year operational profit but networth negative due to acquisition of subsidiary

AGM happens at location of registered office which is Chennai in this case. Is Chennai obscure location?

Correct facts. Do you have further information?

Voluntarily delisted at 15 per share in JUNE 2012 at 15 per share on a floor price of 4.51 per share ....at that time it was a very high price unexpected acceptance of discovered price of 15 by promoters when market price was around 7 per share .

Polaris was delisted at 480 per share in February 2018 .......if you still hold share and want to sell you need to contact some private dealers (there are many on google) who deal in Unlisted and delisted shares .
Chemplast sanmar was traded around 7 when it was delisted at 15 face value 1 , so i do not think any body made loss in this deal . i was a participant in this d listing in April 2012 and made good gains ...even at the time of d listing in June 2012 market price was much lower than exit price of 15 .
NOW after 9 years FACE VALUE 5 share is being offered at 530-541 per share ...offer price appear very expensive.

As far as Polaris is concerned, one of the promoters.. Arun Jain (who does not have credebility ) left Polaris and floated a new company called Intellect Design Arena ,it is dong good. Both RD and RK have invested money into this company despite knowing the background of Arun. May be Arun would have changed.

Original promoters of Chemplast N Shankar and family lost interest in commercial ventures. They are known for their genuineness. I did not have Chemplast shares. So, I can not comment. But whoever did not go for delist will get a fortune now. It is under a new management. Prem Walsa is called Warran Buffet of Canada. Indian by ethinicity.
Punjabi studied in Chennai and now settled in Canada. He owns lot of companies through out the world. He is not just an investor. He appointed right people and make it it big.
It is evident in Quess Corp, Thomas Cook, CSB and Few others in India.
He has rewarded Shareholders when demerger Quess Corp from Thomas Cook.

Based on the back ground of promoter we can invest in Sanmar. Only lucky people will get allotment. They are into chemicals, plastics and also into shipping. They have few factories in Mettur (TN), Cuddalur (TN) and Pondy.

Good company for long term investors.

Regards
Ranga

Similar is case of NIRMA ltd which d listed and few years after compulsorily exit was given at 260 per share ( no non promoter share now as shares were removed from demat /physical cancelled by crediting cash ) ....although not same company but group co Nuvoaoc vista is coming out with an IPO with very very high valuation though it is a loss making co . only listed co of NIRMA group Shree rama multitech too not doing well . IPO APPLICATIONS APPEAR TO BE TURNING FINANCIAL DANGEROUS .

Prem watsa has just invested in the company. All management decisions are taken only by old promoter Mr Sankar...

There appears some confusion. They delisted in 2012 with Rs 15 delisting price with face value of Rs 1. Now face value is Rs 5 so it would mean that they delisted at price of 75. Growth of 75 to 530 in 9 year time is fair given how much index has moved in same period and their is fancy for specialty chemical companies

When it was delisted in 2012, the price was 75 for 5 Rs. share.
Now they are quoting 530 in 2021. So CAGR is around 25%.
Which is quite good.
Regards
Ranga

Yes. It is a fact. But that is true of many companies. Indigo IPO came at price of around Rs 800 when the NAV was Rs 7

But indigo is market leader with 52 Percentage market share. Chemplast sanmar???

@sunaraplah

Arunarun is talking about indigo paints not indigo flights!

@Killerr , no he''s talking about IndiGo Flights only... That came at a price of 765 when it''s NA was negative

On the market share, the RHP clearly states that Chemplast Sanmar is the largest manufacturer of specialty paste PVC resin in India with market share of 82% and 84% in FY20 and FY19 respectively (refer Pg 138)

Their subsidiary CCVL is also the second largest manufacturer of suspension PVC in India. They''re also one of the largest in hydrogen peroxide and caustic soda in South India. (RHP Pg 26)

Chemplast sanmar produce 270,000 tonnes per annum as per 2016 ICIS estimate against total domestic production of 1.445 million tonnes. We imported 1.8 million tonnes in 2016. More than half of our requirements is imported..on what basis they are saying 82 percentage....with mammoth capacity in South East asia, wonder how PVC in india can shield from import...