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Chemplast Sanmar IPO Details

 

Chemplast started its business in 1985, the company is leading speciality chemical manufacturer in India with focus on speciality paste PVC resin and custom manufacturing of starting materials and intermediates for pharmaceuticals, agrochemical, and fine chemical sector.

CSL is India's largest maker of speciality paste PVC resin by installed capacity as of December 31, 2020, as well as the third-largest manufacturer of caustic soda and the largest manufacturer of hydrogen peroxide(source: CRISIL Report).


CSL acquired 100% equity interest in CCVL, which is the second-largest manufacturer of suspension PVC resin in India and the largest in South India on the basis of installed production capacity.

CSL has four production units, three of which are in Tamilnadu in Mettur, Berigai, and Cuddlore, and one in Puduchery.

Also read: Nuvoco Vistas Corporation Ltd IPO Details.

Strengths of the Company

  • Well-positioned to capture favourable industry dynamics.
  • Leadership Position in an Industry with High Barriers to Entry.
  • Vertically integrated operations.
  • Quality Manufacturing facilities with a strong focus on sustainability.
Strategies of the Company
  • Focus on developing and improving product portfolio.
  • Expanding production capacities.
  • Improving financial performance through focus on operational efficiencies.

Promoters of the Company

Sanmar Holdings Limited is the promoter of the company.

Financials of the Company

IPO Opening Date

10-08-2021

IPO Closing Date

12-08-2021

Issue Type

Book Built Issue IPO

Face Value

₹5 per Eq.Share

IPO Price

₹530 to ₹541 per Eq.Share

Market Lot

27 Share

Issue Size

₹3850.Cr


CSL IPO Timetable

The issue opens on August 10, 2021, closes on August 12, 2021, allotment is on August 18, 2021, and listing is on August 24, 2021.

Our Review

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