Chemplast Sanmar Limited IPO: GMP, Issue Price, Issue Size

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Chemplast Sanmar IPO
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Chemplast Sanmar Ltd is a leading specialty chemical manufacturer in India They have engaged in the manufacturing of specialty paste PVC resin, starting materials, and intermediates for agro-chemical, pharmaceuticals, agrochemical, and fine chemical sectors is all set to make a debut in the stock market with an issue size of 3850 Cr.     

Chemplast Sanmar Limited IPO –Overview  

Chemplast Sanmar Limited IPO Issue Date        10-12 August 2021       
Chemplast Sanmar Limited IPO Opening Date        10 August 2021       
Chemplast Sanmar Limited IPO Face Value        INR 5 per share        
Chemplast Sanmar Limited IPO Price        INR 541 per share       
Chemplast Sanmar Limited IPO Lot Size        27 Shares       
Issue Size        3850 Cr       
Offer for sale        2550 Cr    
Issue Type        Book built Issue IPO        
Listing At        BSE, NSE       
QIB Shares Offered          2.70 times       
NII (HNI) Shares        1.03 times       
Company Promoters        Sanmar Holdings Limited is the promoter of the company.  
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Chemplast Sanmar Limited IPO-Tentative Dates        

Chemplast Sanmar Limited IPO opening date        10 August 2021         
Chemplast Sanmar Limited IPO closing date        12 August 2021       
Basis of Allotment        18 August 2021       
Initiation of Refunds        20 August 2021       
The credit of Shares to Demat       23 August 2021       
Chemplast Sanmar Limited IPO Listing Date        24 August 2021       

Chemplast Sanmar – Industry Overview.       

The Indian S-PVC market is more than five decades old, with the first plant of 6 KTPA capacity set up in 1961 by Calico Mills.  With the introduction of various PVC products in the 1970s, PVC consumption started doubling almost every five years. Between 1985 and 1995, the green revolution resulted in increased use of PVC pipes in the agriculture sector due to their superior performance. The pipes industry has logged a high CAGR   of   10-12%   in the five financial years, driven by increasing demand for pipes in the construction/building and irrigation industries; nationwide infrastructural development; the government’s focus on urban/rural development; and the Smart City initiative.  

Chemplast Sanmar Limited IPO – Company Overview        

 CSL is a leading specialty chemicals manufacturer in India with a focus on specialty paste PVC resin and custom manufacturing of starting materials and intermediates for the pharmaceutical, agrochemical, and fine chemicals sectors. CSL is the largest manufacturer of specialty paste PVC resin in India, based on installed production capacity as of December 31, 2020. In addition, CSL is also the third largest manufacturer of caustic soda and the largest manufacturer of hydrogen peroxide, each in South India, based on installed production capacity as of December 31, 2020and one of the oldest manufacturers in the chloromethanes market in India. Under the CCVL Acquisition, they acquired 100.0% equity interest in CCVL which is the second largest manufacturer of suspension PVC resin in India and the largest manufacturer in South India, based on installed production capacity  

Chemplast Sanmar IPO

Objectives        

  • Early redemption of NCDs issued by the company in full.  
  • Meet general corporate purposes.   

Financial Statements       

Particulars       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  

Chemplast Sanmar Limited IPO Strengths       

  • The largest manufacturer of specialty pastes PVC resins in India in terms of installed production capacity.  
  • 3rd largest manufacturer of caustic soda and the largest manufacturer of hydrogen peroxide in South India.  
  • A part of the SHL Chemicals Group, one of the most prominent corporate groups in South India.  
  • A vertically integrated business model with a focus on quality manufacturing.  
  • Highly experienced managerial team.  

Chemplast Sanmar Limited IPO Weakness        

  • It has incurred significant indebtedness and its leaders have imposed certain restrictive conditions on it under the financing arrangements.  
  • Non-availability of credit ratings or a poor rating may restrict its access to capital.  
  • Foreign exchange rate fluctuations.  

Company Contact Information

Chemplast Sanmar Limited
9, Cathedral Road, Chennai, 600086


Phone: + (91) 44 28128500
Email: grd@sanmargroup.com
Websitehttp://www.chemplastsanmar.com/

Chemplast Sanmar IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: chemplast.ipo@kfintech.com
Websitehttps://karisma.kfintech.com/

Chemplast Sanmar IPO Lead Manager(s)

  1. Ambit Private Limited 
  2. Axis Capital Limited 
  3. BOB Capital Markets Limited 

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