Chemplast Sanmar’s underlying public offer (IPO) to raise Rs 3,850 crore will open for membership on Tuesday, and August 10. The IPO of Chennai-based forte synthetic substances creator Chemplast Sanmar, which is a piece of the Sanmar Holdings bunch, is a mix of a new issue and a proposal available to be purchased by advertisers.
Here are key things to think about the Chemplast Sanmar IPO:
-Initial public offering dates: The IPO will open on Tuesday, August 10 and close on Thursday, August 12.
-Issue size: The IPO contains new issuance of offers worth Rs 1,300 crore, and a proposal available to be purchased (OFS) worth Rs 2,550 crore by advertisers.
-Asset use: The organization plans to utilize the returns from the IPO to accomplish early reclamation of its NCDs, and for general corporate purposes.
-Value band: Chemplast has set an objective cost of Rs 530-541 for the issue.
-Parcel size: Shares will be accessible for offering in products of 27. At the upper finish of the value band, one parcel will cost financial backers Rs 14,607.
-Financial backer portion: While 75% of the issue is saved for qualified institutional financial backers (QIBs), a standard of 15% is fixed for non-institutional financial backers and the leftover 10% for retail financial backers.
-Posting: Shares will be recorded on stock trades BSE and NSE.
-Book running lead supervisors/recorder: ICICI Securities, Axis Capital, Credit Suisse Securities India, IIFL Holdings, Ambit Private, HDFC Bank, BOB Capital Markets, IndusInd Bank and Yes Securities are the BRLMs to the issue, and Kfin Technologies is the enlistment center.
-Organization profile: Chennai-based Chemplast Sanmar (CSL) is a piece of the Sanmar Holdings bunch, one of the most established and most noticeable corporate gatherings in the southern piece of the country. The organization is one of the main makers of forte glue PVC sap in India. It has four assembling offices: three in Tamil Nadu and one in Puducherry.