Chemplast Sanmar Limited IPO (Chemplast Sanmar IPO) Details. Know the Chemplast Sanmar IPO Date, GMP, Listing Date, Allotment Status Complete Information from Here.
Specialty chemicals manufacturer Chemplast Sanmar Limited on Thursday said it has fixed a price band of Rs 530-541 per share for its Rs 3,850 crore initial public offering (IPO).
The Chennai-based company said in a video conference that the initial share sale will open for public application on August 10 and will end on August 12.
The initial public offering (IPO) of Rs 3,850 crore includes offer for fresh shares worth Rs 1,300 crore and offer for sale worth Rs 2,550 crore.
The offer for sale includes sale of shares worth Rs 2,463.44 crore by Sanmar Holdings and Rs 86.56 crore by Sanmar Engineering Services.
This fund will be used by the company for premature encashment of NCDs and for corporate purposes.
Chemplast Sanmar IPO Overview
| IPO Opening Date | Aug 10, 2021 |
| IPO Closing Date | Aug 12, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | 5 per equity share |
| IPO Price | 530 to 541 per equity share |
| Market Lot | 27 Shares |
| Min Order Quantity | 27 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of 5 (aggregating up to 3,850.00 Cr) |
| Fresh Issue | [.] Eq Shares of 5 (aggregating up to 1,300.00 Cr) |
| Offer for Sale | [.] Eq Shares of rs 5 (aggregating up to 2,550.00 Cr) |
Chemplast Sanmar IPO Timetable
| IPO Open Date | Aug 10, 2021 |
| IPO Close Date | Aug 12, 2021 |
| Basis of Allotment Date | Aug 18, 2021 |
| Initiation of Refunds | Aug 20, 2021 |
| Credit of Shares to Demat Account | Aug 23, 2021 |
| IPO Listing Date | Aug 24, 2021 |
Chemplast Sanmar IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 27 | 14,607 |
| Maximum | 13 | 351 | 189,891 |
Chemplast Sanmar IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 54.99% |
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this issue ICICI Securities, Axis Capital, Credit Suisse Securities (India) Private Ltd, IIFL Securities, Ambit, BOB Capital Markets, HDFC Bank, IndusInd Bank and Yes Securities are the merchant bankers.
75 per cent of the issue is reserved for qualified institutional buyers, 15 per cent for non-institutional investors and 10 per cent for retail investors. Investors can bid on a minimum of 27 equity shares and multiples thereof.