Chemplast Sanmar IPO Opens on 10 Aug 2021 and closes on 12 Aug 2021. whose company has filed DRHP with SEBI to raise ₹3850 crores. The company will issue new shares worth ₹1300 crore and offer for sale of ₹2550 crore through IPO. Some of the old shareholders and promoters of the company will reduce their stake. In the financial year 2020, the company’s total income was around ₹1265 crore and net profit was about ₹46 crore. The company had a net debt of ₹187.58 crores as of December last year.
The Chemplast Sanmar Company – is a major manufacturer of PVC resins, Caustic Soda, Chlorochemicals, Refrigerant gas, and Industrial Salt. The manufacturing facilities are located at Mettur, Berigai, Panruti, and Vedaranyam in Tamil Nadu and Karaikal in the Union Territory of Puducherry. The Chlorochemicals division of Chemplast, a result of backward integration by the Group, manufactures a wide range of products using a highly integrated manufacturing process.
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The salt needed for chlorine manufacture is supplied by Chemplast’s salt fields at Vedaranyam. The power-intensive electrolysis process of manufacturing chlorine is served by Chemplast’s own power plant. All this makes Chemplast one of the most integrated chemical plants in the country with a closed manufacturing loop. Its product range falls into four distinct Groups — PVC Resins, Caustic Soda / Chlorine, Chlorinated Solvents, and Refrigerant Gases. Located in Berigai, Tamil Nadu, 60 km from Bangalore, Sanmar Speciality Chemicals (SSC) manufactures a range of muli-customer products from Cyanation, Hydrogenation, and high-efficiency fractionation technologies.
Chemplast Sanmar IPO Chemplast Sanmar has a large investment in foreign billionaire Prem Vats. The bulk of the funds received from the IPO will be used for the redemption of non-convertible debentures (NCDs) ahead of schedule.
Chemplast Sanmar Review :
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Chemplast Sanmar IPO Date & Price Band & Details :
| IPO Open : | 10 Aug 2021 |
| IPO Close : | 12 Aug 2021 |
| IPO Size : | ₹3850 Cr |
| Face Value : | ₹5Rs. Equity Share |
| Price Band : | ₹530–₹541 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹3850. Cr |
| Fresh Issue : | ₹1300. Cr |
| Offer For Sale : | ₹2550. Cr |
Chemplast Sanmar IPO Market Lot :
Chemplast Sanmar IPO Minimum Market lot is 1 Lot with 27 shares with ₹14,607 Application amount. The retail investors can apply up to 13 lots with 351 Shares or ₹189,891 amounts.
| Minimum Lot Size : | 1 Lot |
| Minimum Share : | 27 |
| Minimum Amount : | ₹14,607 |
| Maximum Lot Size : | 13 Lot |
| Maximum Shares : | 351 |
| Maximum Amount : | ₹189,891 |
Chemplast Sanmar IPO Shares Offer :
A total of 71164510 shares are to be bid for the public issue by Chemplast Sanmar IPO with 24,029,575 for Fresh issue and 47,134,935 for offer for sale – Shares.
| Category | Shares Offers | Amount |
|---|---|---|
| Fresh issue : | 24,029,575 | ₹1300. Cr |
| Offer For Sale : | 47,134,935 | ₹2550. Cr |
| Total : | 71,164,510 | ₹3850. Cr |
Chemplast Sanmar IPO Reservation :
Chemplast Sanmar IPO Total Reservation of 71,164,510 shares are to be bid for the public issue by Chemplast Sanmar IPO with 35,582,255 for QIB and 10,674,677 for NII 24,907,579 For RII & – Shares EMP.
| Category | Reservation | Share | Amount |
|---|---|---|---|
| QIB : | 50% | 35,582,255 | ₹1925. Cr |
| NII : | 15% | 10,674,677 | ₹577.50 Cr |
| RII : | 35% | 24,907,579 | ₹1347.50 Cr |
| EMP : | – % | – | ₹ |
| Total : | 100% | 71,164,510 | ₹3850. Cr |
Chemplast Sanmar IPO Dates :
Chemplast Sanmar IPO Date is open on 10 Aug 2021 and closes on 12 Aug 2021. The allotment will be finalized on 18 Aug 2021 and the IPO may list on 24 Aug 2021.
| Open Date : | 10 Aug 2021 |
| Close Date : | 12 Aug 2021 |
| Allotment Date : | 18 Aug 2021 |
| Refund Date : | 20 Aug 2021 |
| Share Credit Date : | 23 Aug 2021 |
| Listing Date : | 24 Aug 2021 |
Chemplast Sanmar IPO Form :
There are two ways to apply in Chemplast Sanmar IPO. You can apply for Chemplast Sanmar IPO through ASBA available in your bank account. You have to go to your online bank login and select Chemplast Sanmar in the Invest section and apply through your bank account. Another option is you can apply Chemplast Sanmar IPO through IPO form download through NSE and BSE. See the Chemplast Sanmar IPO Form – Download the NSE Form and BSE Form IPO Form, fill it and submit it to your bank or your broker.
Chemplast Sanmar Company Financial Report (Cr):
| Year | Revenue | Expense | P&L |
|---|---|---|---|
| 2021- 9M | ₹8775.60 | ₹8863.55 | ₹161.42 |
| 2020 | ₹12655.10 | ₹11281.54 | ₹461.25 |
| 2019 | ₹12667.74 | ₹10379.53 | ₹1184.64 |
| 2018 | ₹31525.83 | ₹27546.27 | ₹2485.43 |
About Chemplast Sanmar Company
Our Company was originally incorporated on March 13, 1985, as Urethanes India Limited (“UIL”) under the provisions of Companies Act, 1956, at Chennai, pursuant to a certificate of incorporation dated March 13, 1985, issued by the Registrar of Companies, Tamil Nadu at Chennai (“RoC”) and commenced operations pursuant to a certificate for commencement of business dated April 2, 1985, issued by the RoC. Subsequently, Chemicals and Plastics India Limited (“CPIL”), was amalgamated with UIL pursuant to the CPIL Scheme of Amalgamation (as defined hereinafter) effective October 1, 1991.
Thereafter, pursuant to the CPIL Scheme of Amalgamation, a resolution of our Board dated March 10, 1992, and a resolution of our Shareholders dated March 31, 1992, our name was changed from “Urethanes India Limited” to “Chemicals and Plastics India Limited” and a fresh certificate of incorporation was issued upon a change of name by the RoC on May 15, 1992. Subsequently, pursuant to a resolution of our Board dated June 27, 1995, and a resolution of our Shareholders dated September 1, 1995, our name was changed from “Chemicals and Plastics India Limited” to “Chemplast Sanmar Limited” and a fresh certificate of incorporation was issued upon a change of name by the RoC on September 28, 1995.
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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 pharmaceutical, agro-chemical and fine chemicals sectors. CSL is the largest manufacturer of specialty paste PVC resin in India, on the basis of 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, on the basis of installed production capacity as of December 31, 2020, and one of the oldest manufacturers in the chloromethanes market in India.
In the CCVL Acquisition, we acquired 100.0% equity interest in CCVL that is the second-largest manufacturer of suspension PVC resin in India and the largest manufacturer in South India, on the basis of installed production capacity as of December 31, 2020. (Source: CRISIL Report) According to the CRISIL Report, high barriers to entry and limited competition is expected to benefit existing manufacturers of specialty paste PVC resin in India in the medium term and the demand for specialty paste PVC resin is expected to grow at a CAGR of 6% to 8% between Financial Years 2022 and 2025.
The demand for custom manufacturing catered by Indian manufacturers is likely to grow at a CAGR of approximately 12% between Financial Years 2020 and 2025, due to the higher penetration of pharmaceutical molecule, compound and active pharmaceutical ingredient manufacturing in India and India becoming a key supplier of noncommercially available molecules or monomers or polymers. Further, custom manufacturing for agrochemical sectors is also likely to witness a boost with discovery chemistry pertaining to the agricultural sector gaining more traction. Demand for caustic soda is also expected to grow at a CAGR of 4% to 5% between Financial Years 2020 and 2025, led by increasing demand from the alumina and chemical industries.
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Further, the demand in the Indian market for chloromethanes and hydrogen peroxide is expected to grow at a CAGR of 8% to 9% and 6% to 7% between Financial Years 2020 and 2025, respectively. In addition, domestic demand for suspension PVC resin is expected to grow at a CAGR of 7.5% to 8.5% between Financial Years 2021 and 2025 (Source: CRISIL Report). We believe that we are well-positioned to benefit from the industry growth given the chemicals industry is knowledge-intensive, involves complex chemistries, is subject to high-quality standards and stringent impurity specifications for processes and product capabilities, and is based on complex products that are difficult to replicate.
We have four manufacturing facilities, of which three are located in Tamil Nadu at Mettur (“Mettur Facility”), Berigai (“Berigai Facility”), and Cuddalore (“Cuddalore Facility”), and one is located in Puducherry at Karaikal (“Karaikal Facility”). We believe that our integrated business model for the production of specialty paste PVC resin and chloromethanes has been critical to our success.
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We have a coal-based captive power plant of 48.5 MW at our Mettur Facility and two natural gas-based captive power plants of 8.5 MW and 3.5 MW respectively, at our Karaikal Facility. We have also leased a salt field from the Government of Tamil Nadu at Vedaranyam, Tamil Nadu. We have approval from the TNPCB to extract up to 400 kt of salt per annum. The lease has expired and we are in the process of renewing the lease
deed.
The total income of CCVL for the nine months ended December 31, 2020, and the Financial Years 2020 and 2019 were ₹ 15,876.83 million, ₹ 18,903.38 million, and ₹ 20,599.54 million, respectively. The EBITDA of CCVL for the nine months ended December 31, 2020, and the Financial Years 2020 and 2019 were ₹ 3,752.57 million, ₹ 977.94 million, and ₹ 2,092.14 million, respectively. The profit / (loss) before tax of CCVL for the
nine months ended December 31, 2020, and the Financial Years 2020 and 2019 were ₹ 1,969.79 million, ₹ (1,672.11) million, and ₹ 1,209.68 million, respectively.
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Our Company Strenght
- Well-positioned to capture favorable industry dynamics.
- Leadership Position in an Industry with High Barriers to Entry.
- Vertically integrated operations.
- Quality Manufacturing Facilities with a strong focus on sustainability.
- Operational excellence.
- Strong Parentage and Experienced management team.
Company Promoters :
■ Ramkumar Shankar
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Chemplast Sanmar IPO Lead Managers :
■ IndusInd Bank Limited
■ YES Securities (India) Limited
Chemplast Sanmar IPO Global Lead Managers:
■ Axis Capital Limited
■ Credit Suisse Securities (India) Private Limited
■ IIFL Securities Limited
■ ICICI Securities Limited
■ Ambit Private Limited
■ BOB Capital Markets Limited
■ HDFC Bank Limited
Chemplast Sanmar IPO Registrar :
Kfin Technologies Private Limited
Selenium, Tower B,
Plot No- 31 and 32, Financial District,
Nanakramguda, Serilingampally
Hyderabad, Rangareddi 500 032
Telangana, India
Tel: +(91) 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Note: Check Chemplast Sanmar IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Chemplast Sanmar Limited
9, Cathedral Road,
Chennai – 600086,
Tamil Nadu, India
Tel: + (91) 44 2812 8500
Fax: + (91) 44 2811 2627
E-mail: [email protected]
Website: www.chemplastsanmar.com
Chemplast Sanmar IPO FAQs :
What is Chemplast Sanmar IPO?
Chemplast Sanmar IPO is Mainboard IPO. They are going to raise ₹3850. Crores via IPO. The issue is priced at ₹530-₹541 per equity share. The IPO is to be listed on NSE, BSE.
When Chemplast Sanmar IPO will open?
The IPO is to open on 10 Aug 2021 and closes on 12 Aug 2021 for QIB, NII & RII.
What is Chemplast Sanmar IPO Size?
Chemplast Sanmar IPO size is ₹3850 Crores.
What is the Fresh issue size of Chemplast Sanmar IPO?
The Fresh issue size of Chemplast Sanmar IPO ₹1300 Cr.
What is the Offer For Sale size of Chemplast Sanmar IPO?
The Offer For Sale size of Chemplast Sanmar IPO ₹2550 Cr.
What is Chemplast Sanmar IPO Price Band?
Chemplast Sanmar IPO Price Band is ₹530-₹541 Per share.
What is Chemplast Sanmar IPO Minimum and Maximum Lot Size?
The minimum bid is 1 Lot 27 Shares with ₹14,607 amount while the maximum bid is 13 Lot 351 shares with ₹189,891.
What is Chemplast Sanmar IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 10%, RII 35%.
What is Chemplast Sanmar IPO Allotment Date?
Chemplast Sanmar IPO allotment date is 18 Aug 2021.
What is Chemplast Sanmar IPO Listing Date?
Chemplast Sanmar IPO listing date is 24 Aug 2021. The IPO to list on NSE, BSE.
How to Apply the Chemplast Sanmar IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Chemplast Sanmar IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Chemplast Sanmar IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Chemplast Sanmar IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Chemplast Sanmar IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Chemplast Sanmar IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Chemplast Sanmar IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Chemplast Sanmar IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
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