Chemplast Sanmar IPO Details

Chemplast Sanmar IPOChemplast Sanmar IPO description – The company is a specialty chemicals manufacturer in India with focus on specialty paste PVC resin and custom manufacturing of starting materials and intermediates for pharmaceutical, agro-chemical and fine chemicals sectors. Chemplast Sanmar is among the leading manufacturers of specialty paste PVC resin in India on the basis of installed production capacity, as of 31 December 2020. In addition, the company is also the third largest manufacturer of caustic soda and the largest manufacturer of hydrogen peroxide in the South India region, on the basis of installed production capacity as of 31 December 2020 and one of the oldest manufacturers in the chloromethanes market in India. Chemplast Sanmar also acquired 100% equity interest in CCVL that is the second largest manufacturer of suspension PVC resin in India and the largest manufacturer in the South India region, on the basis of installed production capacity as of 31 December 2020.

Chemplast Sanmar has four manufacturing facilities, of which three are located in Tamil Nadu at Mettur, Berigai, and Cuddalore, and one is located in Puducherry at Karaikal. The company has a coal-based captive power plant of 48.5 MW at its Mettur Facility and two natural gas-based captive power plants of 8.5 MW and 3.5 MW respectively, at the Karaikal Facility.

Promoters of Chemplast Sanmar – Sanmar Holdings Limited
Chemplast Sanmar IPO details
Subscription Dates 10 – 12 August 2021 
Price Band INR530 – 541 per share
Fresh issue INR1,300 crore 
Offer For Sale INR2,550 crore 
Total IPO size INR3,850 crore
Minimum bid (lot size) 27 shares
Face Value  INR5 per share
Retail Allocation 10%
Listing On NSE, BSE

Chemplast Sanmar Financial Performance (in INR crore)

    FY2019 FY2020 FY2021
Revenue   1,266.8 1,265.5 3,815.1
Expenses   1,038.0 1,128.2 3,401.6
Net income   118.5 46.1 410.2
Margin (%)   9.4 3.6 10.8

More about Chemplast Sanmar IPO

Registrar of Chemplast Sanmar IPO

KFin Technologies Private Limited
Selenium Tower B, Plot 31-32, Gachibowli,
Nanakramguda, Hyderabad – 500 032,
Telangana
Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551
Email: [email protected]
Website: www.kfintech.com

Chemplast Sanmar Contact Details

Chemplast Sanmar Limited
9, Cathedral Road,
Chennai, 600086,
Tamil Nadu, India 
Phone: +91 44 28128500
Email: [email protected]
Website: www.chemplastsanmar.com

Valuation of Chemplast Sanmar (as of FY2021)

Earnings Per Share (EPS): INR30.60
Price/Earnings (PE ratio): 17.32 – 17.68
Return on Net Worth (RONW): NA
Net
Asset Value (NAV)
: -INR139.15 per share

Chemplast Sanmar IPO GMP Daily Trend

Date Chemplast Sanmar IPO GMP Kostak Subject to Sauda
23 August 2021
20 August 2021 INR10
19 August 2021 INR15
18 August 2021 INR15
17 August 2021 INR25
16 August 2021 INR20
14 August 2021 INR10
13 August 2021 INR10
12 August 2021 INR15
11 August 2021 INR15
10 August 2021 INR25
9 August 2021 INR25

 

Chemplast Sanmar IPO Subscription Details

Category Shares offered Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3
QIB 2,17,92,453 0.00 0.02 2.70
NII 1,08,96,226 0.03 0.06 1.03
Retail 72,64,150 0.84 1.29 2.29
         
Total 3,99,52,829 0.16 0.26 2.17

Chemplast Sanmar IPO Reviews

Angel Broking – Neutral
Anand Rathi – 
Antique Stock Broking – 
Arihant Capital – 
Ashika Research – 
BP Wealth – 
Canara Bank Securities – 
Choice Broking – 
Hem Securities – Subscribe
ICICIdirect – Unrated
Marwadi Financial Services – Subscribe with caution
Motilal Oswal – 
Nirmal Bang – 
Prabhudas Lilladher – 
Samco Securities – Avoid 
Ventura Securities – Subscribe

Chemplast Sanmar IPO Allotment Status

Chemplast Sanmar IPO allotment is now available on KFin Technologies’ website. Click on this link to get allotment status. 

Listing Performance of Chemplast Sanmar

IPO Opening Date: 10 August 2021
IPO Closing Date: 12 August 2021
Finalisation of Basis of Allotment: 18 August 2021
Initiation of refunds: 20 August 2021
Transfer of shares to demat accounts: 23 August 2021
Listing Date: 24 August 2021
Opening Price on NSE: INR550 per share (up 1.66% from IPO price)
Closing Price on NSE: INR536 per share (down 0.92% from IPO price)

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