Chemplast Sanmar Subscribed 2.17 Times On Final Day Of Issue

INSUBCONTINENT EXCLUSIVE:
Chemplast Sanmar IPO was subscribed 2.71 times on final dayChemplast Sanmar's Rs 3,850 crore initial public offer (IPO) was fully subscribed
at 2.17 times on the third and final day of its issue, according to subscription data on the stock exchanges
open for investors for a period of three days
super-normal profits in the previous year, which may not be sustainable
growth in topline (without impact of CCVL acquisition), decline in profits, and steep valuations (based on FY20 earnings), we