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Chemplast Sanmar IPO is a book build issue of ₹3,850.00 crores. The issue is a combination of fresh issue of 2.40 crore shares aggregating to ₹1,300.00 crores and offer for sale of 4.71 crore shares aggregating to ₹2,550.00 crores.
Chemplast Sanmar IPO bidding started from Aug 10, 2021 and ended on Aug 12, 2021. The allotment for Chemplast Sanmar IPO was finalized on Aug 18, 2021. The shares got listed on BSE, NSE on Aug 24, 2021.
Chemplast Sanmar IPO price band is set at ₹541.00 per share . The lot size for an application is 27. The minimum amount of investment required by an retail is ₹14,310 (27 shares). The lot size investment for sNII is 14 lots (378 shares), amounting to ₹2,04,498, and for bNII, it is 69 lots (1,863 shares), amounting to ₹10,07,883.
Ambit Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of 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 |
| Issue Price Band | ₹530 to ₹541 per share |
| Issue Price Final | ₹541 per share |
| Lot Size | 27 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 7,11,64,509 shares (aggregating up to ₹3,850.00 Cr) |
| Fresh Issue | 2,40,29,574 shares (aggregating up to ₹1,300.00 Cr) |
| Offer for Sale | 4,71,34,935 shares of ₹5 (aggregating up to ₹2,550.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 13,40,80,000 shares |
| Share Holding Post Issue | 15,81,09,574 shares |
Chemplast Sanmar IPO offers total 7,11,64,509 shares. Out of which 5,33,73,383 (75.00%) allocated to QIB, 2,13,49,354 (30.00%) allocated to QIB, 1,06,74,676 (15.00%) allocated to NII, 71,16,450 (10.00%) allocated to RII and 3,20,24,029 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 5,33,73,383 (75.00%) | NA |
| − Anchor Investor Shares Offered | 3,20,24,029 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 2,13,49,354 (30.00%) | NA |
| NII (HNI) Shares Offered | 1,06,74,676 (15.00%) | NA |
| Retail Shares Offered | 71,16,450 (10.00%) | 2,63,572 |
| Total Shares Offered | 7,11,64,509 (100.00%) |
Chemplast Sanmar IPO opens on August 10, 2021, and closes on August 12, 2021.
| IPO Open Date | Tue, Aug 10, 2021 |
| IPO Close Date | Thu, Aug 12, 2021 |
| Tentative Allotment | Wed, Aug 18, 2021 |
| Initiation of Refunds | Fri, Aug 20, 2021 |
| Credit of Shares to Demat | Mon, Aug 23, 2021 |
| Tentative Listing Date | Tue, Aug 24, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 12, 2021 |
Investors can bid for a minimum of 27 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,607 |
| Retail (Max) | 13 | 351 | ₹1,89,891 |
| S-HNI (Min) | 14 | 378 | ₹2,04,498 |
| S-HNI (Max) | 68 | 1,836 | ₹9,93,276 |
| B-HNI (Min) | 69 | 1,863 | ₹10,07,883 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company Chemplast Sanmar IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Early redemption of NCDs issued by the Company, in full (“NCD Redemption”); | 1,238.25 |
| 2 | General corporate purposes | 27.12 |
[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...
| Listing Date | August 24, 2021 |
| BSE Script Code | 543336 |
| NSE Symbol | CHEMPLASTS |
| ISIN | INE488A01050 |
| Final Issue Price | ₹541 per share |
| BSE Listing Group | B |
Chemplast Sanmar Ltd.
9,
Cathedral Road,
Chennai, Tamil Nadu, 600086
Phone: + (91) 44 28128500
Email: grd@sanmargroup.com
Website: http://www.chemplastsanmar.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: chemplast.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Lead Manager Reports
Chemplast Sanmar IPO is a main-board IPO of 7,11,64,509 equity shares of the face value of ₹5 aggregating up to ₹3,850.00 Crores. The issue is priced at ₹541 per share. The minimum order quantity is 27.
The IPO opens on August 10, 2021, and closes on August 12, 2021.
Kfin Technologies Ltd. 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, and the minimum amount required for application is ₹14,607.
You can apply in Chemplast Sanmar IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Chemplast Sanmar IPO listing date is on Tuesday, August 24, 2021.
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