Representational Image
Chemplast Sanmar IPO remains undersubscribed as financial backers set offers for just 33% of the whole first sale of stock so far on Thursday, the last day of offering. The piece put away for qualified institutional purchasers (QIBs) was bought in 2% and that of non-institutional financial backers saw 10% membership. Retail financial backers have placed in offers 1.63 occasions their held part.
Chemplast Sanmar shares were exchanging at a frail premium of ₹18-20 for every offer or simply 3.7 percent of the IPO cost in the dark market. The dark market premium for the Chennai-based strength synthetic substances creator has descended since the IPO opened for membership on August 10.
Chemplast Sanmar IPO was bought in 26% on Wednesday, the second day of membership.
Read Also : The Women’s Hundred Smriti Mandhana, Wyatt fifties power Brave to finals.
Chemplast Sanmar IPO accumulating up to ₹3,850 crore has a new issue of up to ₹1,300 crore and a proposal available to be purchased worth up to ₹2,550 crore. The value band for the offer is ₹530-541 for each offer. Chemplast Sanmar said on Monday it has gathered over ₹1,732 crore from anchor financial backers.
ICICI Securities, Axis Capital, Credit Suisse Securities (India), IIFL Securities, Ambit Private Ltd, BOB Capital Markets Ltd, HDFC Bank, IndusInd Bank and YES Securities (India) are the chiefs to the offer.
Chemplast Sanmar is a main synthetics producer with an attention on strength glue polyvinyl chloride pitch and custom assembling of beginning materials and intermediates for drug, agro-substance and fine synthetics areas.
