Chemplast Sanmar IPO Reviews, Dates, Price Band, Market Lot & Financial Details 2021
The Chemplast Sanmar IPO will hit the market soon, and you can apply for the IPO from 10th August to 12th August 2021. Chemplast Sanmar is planning to raise ₹3,850 Crores through an IPO which consists of a fresh issue of ₹1,300 Crores worth equity and OFS (Offer For Sale) of ₹2,550 Crores by existing shareholders.
Chemplast Sanmar is a part of HL Chemicals Group. They are one of the oldest groups in the Chemical sector. They manufacture specialty chemicals which includes specialty paste PVC resin and custom manufactured chemicals for agro-industry, pharma industries, etc. Apart from this they also manufacture caustic soda, refrigerant gas, industrial salt, hydrogen peroxide, etc. They have manufacturing plants set up in Tamil Nadu and Puducherry. Many IPOs are going to launch this year check here the list.
Table of Contents
Chemplast Sanmar IPO Dates & Price Band:
| Open date | 10th August 2021 |
| Close date | 12th August 2021 |
| Total Size of IPO | ₹ 3,850 Cr. |
| Fresh Issue | ₹1,300 Cr. |
| Offer for Sale | ₹2,550 Cr |
| Price Band | ₹530- ₹541 |
| Face Value | ₹5 per share |
| Listing on | NSE and BSE |
| Retail Investor’s Portion | 35% |
Chemplast Sanmar IPO Market Lot:
The minimum market lot of Chemplast Sanmar IPO is 27 shares with ₹14,607 applications. Retail investors can apply for 13 lots with 351 shares application worth ₹189,891.
| Application | Lot | Shares | Cut Off Amount |
| Minimum (RII) | 1 | 27 | ₹14,607 |
| Maximum (NII) | 13 | 351 | ₹189,891 |
Should you subscribe to Chemplast Sanmar IPO?
We have researched and mentioned the strengths and risks of the Chemplast Sanmar IPO. The final verdict will help you make the right decision.
Strength –
- Largest producer of speciality chemical PVC in terms of capacity.
- Largest manufacturer of Hydrogen peroxide in South India and 3rd largest producer of Caustic Soda.
- It is a subsidiary of HL chemicals, which dominates the market in South India.
- Has a focused R&D setup for innovation.
Risks –
- Their company CCVL and directors are involved in legal disputes.
- CCVL(Chemplast Cuddalore Vinyls Limited) business is cyclic in nature.
Honest Reviews –
According to financial reports, the company has been profitable for the last 3 years. In 2020 due to the covid pandemic, their profits are down but they are recovering it in 2021. Their CCVL business had been involved in some legal disputes but they recovered soon.
Investors can invest for the listing gains in the Chemplast Sanmar IPO. It’s early to predict but Chemplast Sanmar IPO can give great listing gains by seeing its grey market premium. You can keep a track of Chemplast Sanmar IPO GMP here.
Chemplast Sanmar IPO Allotment & Listing Dates:
Chemplast Sanmar IPO’s open date is 10th August and the closing date is 12th August. Allotment of shares will be done on 18th August and the listing date on NSE & BSE is 24th August 2021.
Allotment Date for Chemplast Sanmar – 18th August 2021
Refund Date for Chemplast Sanmar – 20th August 2021
Credit of Shares to Demat Account – 23th August 2021
Listing Date for Chemplast Sanmar – 24th August 2021
Applying IPO through the form:
Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.
Financials of Chemplast Sanmar IPO:
The financials of Rolex Rings are very attractive. From 2019 the revenue numbers are increasing constantly. Net income is also increasing slightly. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.
| Year | Revenue (₹ in Cr.) | Expense (₹ in Cr.) | PAT Net Income (₹ in Cr.) |
| 2019 | 1267 | 1038 | 118.23 |
| 2020 | 1266 | 1128 | 46.34 |
| 2021 | 3815 | 3402 | 410.20 |
IPO Registrar Details:
KFin Technologies Private Limited
Selenium Tower-B, Plot 31 & 32, Gachibowli
Financial District, Nanakramguda, Serilingampally
Hyderabad 500 032
Telangana, India
Tel: +91 40 6716 2222
E-mail: chemplast.ipo@kfintech.com
Chemplast Sanmar Contact Details
Chemplast Sanmar Limited
9, Cathedral Road,
Chennai – 600 086, Tamil Nadu, India.
Tel.: + 91 44 2812 8500
Fax.: + 91 44 2811 1902
E-mail: grd@sanmargroup.com
Website: http://www.chemplastsanmar.com/
Chemplast Sanmar IPO FAQs –
When will Chemplast Sanmar IPO open for Investors?
Chemplast Sanmar IPO will open on 10th August 2021 and will close on 12th August 2021.
What is Chemplast Sanmar IPO Retail Portion?
The portion allocated for retail investors in Chemplast Sanmar IPO is 35%
How to apply for Chemplast Sanmar IPO?
You can apply Chemplast Sanmar IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.
Should I invest in Chemplast Sanmar IPO?
According to financial reports, the company has been profitable for the last 3 years. In 2020 due to the covid pandemic, their profits are down but they are recovering it in 2021. Their CCVL business had been involved in some legal disputes but they recovered soon.
What is the allotment date for Chemplast Sanmar shares?
18th August 2021 is the allotment date for Chemplast Sanmar shares.
What is the listing date for Chemplast Sanmar IPO?
12th August 2021 is the listing date for Chemplast Sanmar. It will be listed on NSE and BSE.
What is the cutoff price for Chemplast Sanmar IPO?
The cutoff price for Chemplast Sanmar IPO is ₹541 per share.
Will Chemplast Sanmar IPO give listing gains?
Investors can invest for the long term in Chemplast Sanmar. It’s early to predict but Chemplast Sanmar can give great listing gains by seeing its grey market premium. You can keep a track of Chemplast Sanmar IPO GMP here.
Disclaimer for Investors:
- We on ipogmp.in do not buy or sell any kind of IPO forms.
- Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
- IPO GMP changes every day and you can view the changes in the above table.
- Always apply to an IPO after understanding financials and discussing with your financial advisor.