Company Background
Chemplast Sanmar is over fifty years old and is a part of the SHL Chemicals Group, which in turn is a constituent of the Sanmar Group, one among the oldest and most prominent corporate groups in South India. Company is a major manufacturer of Speciality Chemicals such as Specialty Paste PVC resin and Custom Manufactured Chemicals for agro-chemical, pharmaceutical and fine chemicals sector. The company also produces other chemicals such as Caustic Soda, Chlorochemicals, Hydrogen Peroxide, Refrigerant gas and Industrial Salt. The manufacturing facilities are located at Mettur, Berigai and Vedaranyam in Tamil Nadu and Karaikal in the Union Territory of Puducherry.
Business Information
Fairfax India Holdings Corporation (Fairfax) a well-known international investor led by Mr Prem Watsa, based in Canada, has invested, through FIH Mauritius Investments Limited, in the SHL Chemicals Group since 2016. Chemplast has played a pioneering role in the field through its ingenious choice of feedstock and manufacturing processes, and efficient, eco-friendly practices. Its constant development of environment-friendly production processes has reduced the consumption of valuable natural resources.
Facts about the company
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.
Company has coal based captive power plant of 48.5MW at our Mettur Facility and two natural gas based captive power plants of 8.5MW and 3.5MW respectively.
The company has approval from TNPCB to extract up to 400 kt of salt per annum. The lease has expired and the company is in process of renewing the lease.
Points to note before investing in Chemplast Sanmar Ltd IPO
Company is well-positioned to capture favorable industry dynamics
Leadership position in an industry with High Barriersto entry
Vertically integrated operations
Quality manufacturing facilities with strong focus on sustainability
Operational excellence
Strong parentage and experienced management team
IPO Opening Date | Aug 10, 2021 |
IPO Closing Date | Aug 12, 2021 |
Issue Type | Book Built Issue IPO |
Face Value | ₹5 per equity share |
IPO Price | ₹530 to ₹541 per equity share |
Market Lot | 27 Shares |
Min Order Quantity | 27 Shares |
Listing At | BSE, NSE |
Allotment , Listing and Refunds details
Basis of Allotment Date | Aug 18, 2021 |
Initiation of Refunds | Aug 20, 2021 |
Credit of Shares to Demat Account | Aug 23, 2021 |
IPO Listing Date | Aug 24, 2021 |
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