INSUBCONTINENT EXCLUSIVE:
Chemplast Sanmar IPO received a warm action from financiers, with membership of 2.17 timesChemplast Sanmar shares have made a lacklustre
The shares of the specialty chemical company listed at Rs 525 on the BSE, 3 percent discount compared to the issue cost of Rs 541 per share
At 10:40 am, Chemplast Sanmar shares were trading at Rs 526.30, lower by 2.72 per cent, on the BSE and at Rs 526.20, down 2.7 per cent, on
the NSE.The public offer of the specialized chemical company had actually received a tepid action from financiers
The share offer was subscribed 2.17 times; the retail portion was scheduled 2.29 times, the portion set aside for qualified institutional
purchasers was subscribed 2.7 times and non-institutional investors sector saw 1.03 times subscription.Chemplast Sanmar is a part of the SHL
Chemicals Group, owned by Sanmar Holdings
It is a specialty chemicals producer with a concentrate on specialized paste PVC resin and customized production of starting products and
intermediates for pharmaceutical, agro-chemical and fine chemicals sectors
It is likewise the leading producer of specialized paste PVC resin in India.
