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Chemplast Sanmar IPO is a book built issue of Rs 3,850.00 crores. The issue is a combination of fresh issue of Rs 1,300.00 crores and offer for sale of Rs 2,550.00 crores.
Chemplast Sanmar IPO bidding started from August 10, 2021 and ended on August 12, 2021. The allotment for Chemplast Sanmar IPO was finalized on Wednesday, August 18, 2021. The shares got listed on BSE, NSE on August 24, 2021.
Chemplast Sanmar IPO price band is set at ₹530 to ₹541 per share. The minimum lot size for an application is 27 Shares. The minimum amount of investment required by retail investors is ₹14,607.
Ambit Private Limited, Axis Capital Limited, Bob Capital Markets Limited, Credit Suisse Securities (India) Private Limited, Hdfc Bank Limited, ICICI Securities Limited, Iifl Securities Ltd, Indusind Bank Limited and Yes Securities (India) Limited are the book running lead managers of the Chemplast Sanmar IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Chemplast Sanmar IPO RHP for detailed information.
| IPO Date | August 10, 2021 to August 12, 2021 |
| Listing Date | August 24, 2021 |
| Face Value | ₹5 per share |
| Price Band | ₹530 to ₹541 per share |
| Lot Size | 27 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹3,850.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹1,300.00 Cr) |
| Offer for Sale | [.] shares of ₹5 (aggregating up to ₹2,550.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 134,080,000 |
| Share holding post issue | 158,109,574 |
Chemplast Sanmar IPO offers 39,952,829 shares. 21,792,453 (54.55%) to QIB, 10,896,226 (27.27%) to NII, 7,264,150 (18.18%) to RII. 269,042 RIIs will receive minimum 27 shares and (sNII) and (bNII) will receive minimum 378 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 21,792,453 (54.55%) | NA |
| NII (HNI) Shares Offered | 10,896,226 (27.27%) | |
| Retail Shares Offered | 7,264,150 (18.18%) | 269,042 |
| Total Shares Offered | 39,952,829 (100%) |
Chemplast Sanmar IPO opens on August 10, 2021, and closes on August 12, 2021.
| IPO Open Date | Tuesday, August 10, 2021 |
| IPO Close Date | Thursday, August 12, 2021 |
| Basis of Allotment | Wednesday, August 18, 2021 |
| Initiation of Refunds | Friday, August 20, 2021 |
| Credit of Shares to Demat | Monday, August 23, 2021 |
| Listing Date | Tuesday, August 24, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 12, 2021 |
Investors can bid for a minimum of 27 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,607 |
| Retail (Max) | 13 | 351 | ₹189,891 |
| Lot Size Calculator | |||
Sanmar Holdings Limited is the promoter of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 54.99% |
Incorporated in 1985, Chemplast Sanmar Ltd is a leading specialty chemical manufacturer in India. The company is engaged in the manufacturing of specialty paste PVC resin, starting materials, and intermediates for agro-chemical, pharmaceuticals, agro-chemical, and fine chemical sectors. It also produces other types of chemicals such as Caustic Soda, Chlorochemicals, Hydrogen Peroxide, Refrigerant gas, and Industrial Salt.
It has four manufacturing facilities, among which, 3 are situated at Mettur, Berigai, and Cuddalore in Tamil Nadu, and one is located in Puducherry at Karaikal.
Competitive strengths
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 44,860.93 | 41,075.40 | 38,015.63 | ||
| Total Revenue | 38,151.08 | 12,655.10 | 12,667.74 | ||
| Profit After Tax | 4,102.44 | 461.25 | 1184.64 | ||
The net proceed from the IPO will be utilized towards the following purposes;
[Dilip Davda] After a decade the company is trying to relist its shares with 7.5 times higher valuations. It has done many juggleries in the account as can be seen from frequent changes in the Face Value (FV) of its equity shares. Though the issue appears reasonably priced, it is due to the non-convincing super performance of FY21 and sustainability is a major concern. Hence cash surplus/risk seekers may consider investment, others can ignore it. Read detail review...
The Chemplast Sanmar IPO is subscribed 2.17 times on August 12, 2021 5:00:00 PM. The public issue subscribed 2.29 times in the retail category, 2.70 times in the QIB category, and 1.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 2.70 |
| NII | 1.03 |
| Retail | 2.29 |
| Total | 2.17 |
| Listing Date | August 24, 2021 |
| BSE Script Code | 543336 |
| NSE Symbol | CHEMPLASTS |
| ISIN | INE488A01050 |
| Final Issue Price | ₹541 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹541.00 |
| ₹525.00 |
| ₹510.30 |
| ₹550.00 |
| ₹534.90 |
| NSE |
|---|
| ₹541.00 |
| ₹550.00 |
| ₹510.00 |
| ₹550.00 |
| ₹535.60 |
Chemplast Sanmar Limited
9, Cathedral Road, Chennai, 600086
Phone: + (91) 44 28128500
Email: grd@sanmargroup.com
Website: http://www.chemplastsanmar.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: chemplast.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager Reports
Chemplast Sanmar IPO is a main-board IPO of [.] equity shares of the face value of ₹5 aggregating up to ₹3,850.00 Crores. The issue is priced at ₹530 to ₹541 per share. The minimum order quantity is 27 Shares.
The IPO opens on August 10, 2021, and closes on August 12, 2021.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Chemplast Sanmar IPO using UPI as a payment gateway. Zerodha customers can apply in Chemplast Sanmar IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Chemplast Sanmar IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Chemplast Sanmar IPO opens on August 10, 2021 and closes on August 12, 2021.
Chemplast Sanmar IPO lot size is 27 Shares, and the minimum amount required is ₹14,607.
You can apply in Chemplast Sanmar IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Chemplast Sanmar IPO will be done on Wednesday, August 18, 2021, and the allotted shares will be credited to your demat account by Monday, August 23, 2021. Check the Chemplast Sanmar IPO allotment status.
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