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Chemplast Sanmar files initial papers with SEBI for ₹3,500-cr IPO May 03, 2021 To hit capital market after delisting in 2012 Chennai-based Chemplast Sanmar Ltd, a leading manufacturer of chemicals and allied products, has filed a draft red herring prospectus (DRHP) with the Securities Exchange Board of India to raise ₹3,500 crore through an initial public offering (IPO). The proposed IPO of the company, which was delisted in 2012, comprises a fresh issue of equity shares worth ₹1,500 crore and an offer for sale of ₹2,000 crore by its current promoters and shareholders, according to D...

IPO Alert: Chemplast Sanmar files Rs 3,500-cr IPO papers Freepik Chemplast Sanmar Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 3,500 crore through an initial share sale. The initial public offer (IPO) comprises a fresh issue of equity shares worth Rs 1,500 crore and an offer for sale of Rs 2,000 crore, according to draft red herring prospectus (DRHP). The offer for sale comprises the sale of Rs 1,850 crore by Sanmar Holdings Ltd and Rs 150 crore by Sanmar Engineering Services Ltd. Chennai-based Chemplast Sanmar is a leading specialty chemicals manufacturer...

Chemplast Sanmar's IPO will consist of a fresh issue and an offer for sale by its current promoters and shareholders.