IPO - Initial Public Offers - Chemplast Sanmar IPO in IPO's & MF's - Chemplast Sanmar Limited (CSL) is a specialty chemicals manufacturer in India. Its focus is on specialty paste PVC resin and ...
Chemplast Sanmar Limited (CSL) is a specialty chemicals manufacturer in India. Its focus is on specialty paste PVC resin and custom manufacturing of starting materials and intermediates for pharmaceutical, agro-chemical and fine chemicals sectors. CSL is one of India’s leading manufacturers of specialty paste PVC resin based on installed production capacity. In addition, CSL is also the third largest manufacturer of caustic soda and the largest manufacturer of hydrogen peroxide in the South India region, based on installed production capacity as of December 31, 2020, and one of the oldest manufacturers in the chloromethanes market in India.
Pursuant to the CCVL Acquisition, they acquired 100.0% equity interest in CCVL that is the second largest manufacturer of suspension PVC resin in India and the largest manufacturer in the South India region, based on installed production capacity.
It has four manufacturing facilities, among which, 3 are situated at Mettur, Berigai, and Cuddalore in Tamil Nadu, and one is located in Puducherry at Karaikal.
Objects of the Issue:
The net proceed from the IPO will be utilized towards the following purposes;
• Early redemption of NCDs issued by the company in full.
• Meet general corporate purposes.
Company Financials:
Chemplast Sanmar IPO Details
Chemplast Sanmar IPO Tentative Timetable
The Chemplast Sanmar IPO open date is Aug 10, 2021, and the close date is Aug 12, 2021. The issue may list on Aug 24, 2021.
Chemplast Sanmar IPO Lot Size
The Chemplast Sanmar IPO market lot size is 27 shares. A retail-individual investor can apply for up to 13 lots (351 shares or ₹189,891).
1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.
2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.
Refer to this video to apply for IPO using UPI at Zerodha.
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