Chemplast Sanmar was incorporated on March 13, 1985 as Urethanes India Limited. It 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.
| Bidding Dates |
|---|
| 10 Aug 2021 - 12 Aug 2021 |
| Subscription |
|---|
| 2.17x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,607 | 1 | 13 | 27 | 71.2 M | ₹530 - ₹541 | 54.99 % | ₹37717.2 M - ₹38500.0 M | RHP DOC |
Chemplast Sanmar IPO SUBSCRIPTION STATUS
12 Aug '21Chemplast Sanmar IPO overall subscription rate was 2.17 times the total available shares
Chemplast Sanmar IPO retail subscription rate was 2.29 times in the retail segment
Chemplast Sanmar IPO non-institutional investor subscription rate was 1.03 times in the non-institutional investor category
Chemplast Sanmar IPO Qualified Institutional Bidder subscription rate was 2.7 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
12 Aug 2021 (Day 3) | 2.29x | 1.03x | 2.7x |
11 Aug 2021 (Day 2) | 1.29x | 0.06x | 0.02x |
10 Aug 2021 (Day 1) | 0.84x | 0.03x | 0x |
Chemplast Sanmar FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY21 | 5,471.9 | 37,987.3 | 10,763.9 | 10,210.0 |
| FY20 | 717.0 | 12,576.6 | 1,660.6 | 1,157.1 |
| FY19 | 1,934.0 | 12,543.4 | 2,342.1 | 1,741.9 |
Chemplast Sanmar IPO SUBSCRIPTION STATUS DETAILS
Chemplast Sanmar had 71.2 M shares on offer
Chemplast Sanmar IPO offer price was in the range ₹530 - ₹541
Chemplast Sanmar IPO minimum Investment was ₹14607
Chemplast Sanmar IPO issue size was ₹ 37717.2 M - ₹ 38500.0 M
Chemplast Sanmar had a minimum lot size of 27 Shares per application
Chemplast Sanmar NUMBER OF SHARES ON OFFER
Chemplast Sanmar IPO IMPORTANT DATES
| Issue Open Date | 10 Aug 2021 |
| Issue close Date | 12 Aug 2021 |
| Allotment Date | 18 Aug 2021 |
| Refund Date | 20 Aug 2021 |
| Demat Account Credit Date | 23 Aug 2021 |
| Listing Date | 24 Aug 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Chemplast Sanmar Allotment Status | Exchange |
Chemplast Sanmar IPO subscription opened on 10 Aug 2021, and closed on 12 Aug 2021
IPO allotment for Chemplast Sanmar was finalized on Wednesday, 18 Aug 2021
IPO listing for Chemplast Sanmar was on NSE and BSE on Tuesday, 24 Aug 2021
Chemplast Sanmar IPO LISTING GAINS
| Issue Price (adjusted) | 541.0 |
| Listing Open Price | 570.0 |
| Listing Close Price | 534.9 |
| Listing Gain% | 5.4% |
| Current Gain% | -66.1% |
Chemplast Sanmar Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Chemplast Sanmar Ltd. | 183.6 | 2903.1 | -7.4 | 0.1 | 0.7 | 0 | -4.4 | 4251.9 | -3.2 | -279.9 | -153.6 | -24.7 | -97.1 |
| Pidilite Industries Ltd. | 1660 | 168953.2 | 63.8 | 3 | 11 | 22.6 | 15.9 | 14867 | 11.1 | 2448.9 | 17.9 | 26 | 21.4 |
| SRF Ltd. | 2615 | 77515.1 | 35.9 | 0.7 | 4.6 | 13.1 | 7.6 | 15893.6 | 7.2 | 1835.2 | 46.7 | 72.9 | 51.1 |
| Gujarat Fluorochemicals Ltd. | 4518.1 | 49631.3 | 85.9 | 14.7 | 9.9 | 7.3 | 4.9 | 5038 | 3.8 | 578 | 5.8 | 52.6 | 5.9 |
| Himadri Speciality Chemical Ltd. | 752.6 | 37975.8 | 47.5 | 1.6 | 7.6 | 16 | 11.9 | 4832 | 3.6 | 751.3 | 35.2 | 15.8 | 30 |
| Aether Industries Ltd. | 1591.6 | 21122.5 | 89.8 | 2.6 | 17.3 | 8.9 | 6.8 | 1181.1 | 34.2 | 219.5 | 38.5 | 17.7 | 34 |
Chemplast Sanmar INFORMATION ON IPO ISSUE
About Chemplast Sanmar
Chemplast Sanmar was incorporated on March 13, 1985 as Urethanes India Limited. It 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.
Object of the Issue
1. Early redemption of NCDs issued by the company in full.
2. Meet general corporate purposes.
Chemplast Sanmar - PROMOTERS
| Name |
|---|
| Sanmar Holdings Limited |
Chemplast Sanmar Global Coordinators and Book Running Lead Managers
Ambit Private Limited
csl.ipo@ambit.co
BOBCapital MarketsLimited
csl.ipo@bobcaps.in
HDFC Bank Limited
sanmar.ipo@hdfcbank.com
Chemplast Sanmar Book Running Lead Managers
IndusInd Bank Limited
csl.ipo@indusind.com
YES Securities (India) Limited
chemplast.ipo@ysil.in
Chemplast Sanmar Registrar to the Offer
Kfin Technologies Private Limited
chemplast.ipo@kfintech.com
Chemplast Sanmar Strengths
Largest manufacturer of specialty paste PVC
The largest manufacturer of specialty paste PVC resins in India in terms of installed production capacity
Largest manufacturer of caustic soda
3rd largest manufacturer of caustic soda and the largest manufacturer of hydrogen peroxide in South India
Part of the SHL Chemicals Group
A part of the SHL Chemicals Group, one of the most prominent corporate groups in South India
Vertically integrated business model
A vertically integrated business model with a focus on quality manufacturing
Experienced managerial team
The highly experienced managerial team
Chemplast Sanmar Risks
Significant indebtedness
The company has incurred significant indebtedness and the lenders have imposed certain restrictive conditions under financing arrangements.
Intellectual property rights
The company's intellectual property rights may not be adequately protected against third-party infringement.
Related party transactions
The company has in the past entered into related party transactions and will continue to do so in the future
Outstanding litigations
There are outstanding litigations involving the company, CCVL and directors
IPO FAQs
This IPO consists of an offer for sale of up to Rs 2,550.0 crore, of 47,134,935 shares. It also consists of a fresh issue of Rs 1,300.0 crore.
The promoter of the company is Sanmar Holdings Limited .
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 530.0 - 541.0.
The IPO application opens on Aug 10, 2021 and closes on Aug 12, 2021.
The minimum lot size for the IPO is 27. The maximum lot size for the IPO is 351.
For all category investors, the minimum application amount for this IPO is Rs. 14,607.0, the maximum value for this IPO is Rs 189,891.0.
This IPO will be allotted on Aug 18, 2021.
The refund will be credited to your account on Aug 20, 2021.
The allotted shares will be credited to your demat on Aug 23, 2021.
Chemplast Sanmar Ltd.’s shares listed on the stock exchanges on Aug 24, 2021.