Chemplast Sanmar's IPO to open on Aug 10

Specialty chemicals manufacturer Chemplast Sanmar Ltd on Thursday said it has fixed a price band of Rs 530-541 a share for its Rs 3,850-crore initial public offering. The initial share-sale will open for public subscription on August 10, and conclude on August 12, the company said in a virtual press conference.

The Rs-3,850-crore initial public offering (IPO) comprises fresh issue of equity shares worth Rs 1,300 crore and an offer-for-sale of Rs 2,550 crore. The offer for sale comprises the sale of Rs 2,463.44 crore by Sanmar Holdings Ltd and Rs 86.56 crore by Sanmar Engineering Services Ltd.

Chennai-based Chemplast Sanmar is a leading specialty chemicals manufacturer with focus on specialty paste PVC (polyvinyl chloride) resin and custom manufacturing of starting materials and intermediates for pharmaceutical, agro-chemical and fine chemicals sectors.Chemplast

Sanmar's IPO