Chemplast Sanmar IPO GMP (Grey Market Premium), Price, Dates, Lot Size, Financials

The Rs 3850 Crore Chemplast Sanmar IPO will open tomorrow. It has a fresh issue of Rs 1300 crore and offer-for-sale of Rs 2550 crore. This 1985-born company is into chemical manufacturing with plants located in South India. It is backed-up by SHL Chemicals which is a leading corporate entity in the South. The Chemplast Sanmar IPO GMP will be something to watch out for to decide on whether to apply or skip.

Chemplast Sanmar is into manufacturing of speciality chemicals such as Specialty Paste PVC resin and Custom Manufactured Chemicals. These are used for the agro-chemical, pharmaceutical, and other chemicals sector.

Sanmar is a 50 year old company which gives it vast experience in the chemical business. It is backed by Fairfax who is an international investor. Its chemical plants are at Mettur, Berigai and Vedaranyam in Tamil Nadu and Karaikal in the Union Territory of Puducherry.

Chemplast Sanmar had assets worth Rs 3801 crores in FY18-19 and in FY20-21 it rose to Rs 4486 crores. Then, its revenue boosted from Rs 1266 crores to Rs 3815 crores. Moreover, its profits (after tax) saw a jump from Rs 118 crores to Rs 410 crores. Therefore, financially the company seems strong.

Check out the Chemplast Sanmar IPO Dates of 2021.

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The Chemplast Sanmar IPO Share Price is fixed at Rs 530-541 per equity share. Its face value is Rs 5 per equity share. You can apply via 5Paisa for Free Account and Free Advisory Services.

The Chemplast IPO Lot Size is 27 shares of Rs 14,607. The max lot size is 351 shares (13 lots) of Rs 1,89,891.

The Chemplast Sanmar IPO GMP (Grey Market Premium) is Rs 30 as of 9th August, 15:40. This premium may go up tomorrow i.e. Day 1 of this IPO so you can apply via Zerodha instantly.

Disclaimer: We are not SEBI registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestion. Consult your financial advisor before making any decision.