Chemplast Sanmar Limited (CSL), a specialty chemicals manufacturer in India with focus on specialty paste PVC resin and custom manufacturing of starting materials and intermediates for pharmaceutical, agro-chemical and fine chemicals sectors, proposes to open its Initial Public Offering (IPO) on August 10, 2021.

The price band of the offer has been fixed at Rs. 530 – Rs. 541 per equity share. Bids can be made for a minimum of 27 equity shares and in multiples of 27 equity shares thereafter.

The offer consists of equity shares of face value of Rs. 5 each of Chemplast Sanmar Limited aggregating up to Rs. 3,850 crore. The offer consists of a fresh issue aggregating up to Rs. 1,300 crore by the company and an offer for sale aggregating up to Rs. 2,463.44 crore by Sanmar Holdings Limited and up to Rs. 86.56 crore by Sanmar Engineering Services limited. 

The company proposes to utilise the net proceeds from the fresh issue towards – Early redemption of NCDs issued by the company, in full and general corporate purposes.

ICICI Securities Limited, Axis Capital Limited, Credit Suisse Securities (India) Private Limited, IIFL Securities Limited, Ambit Private Limited, BOB Capital Markets Limited and HDFC Bank Limited are the Global Co-ordinators and Book Running Lead Managers to the offer. IndusInd Bank Limited and YES Securities (India) Limited are the Book Running Lead Managers to the offer.

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