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    Chemcon Speciality IPO: Issue size, price band & other key details

    Synopsis

    The firm is India’s largest manufacturer of specialised chemicals, such as Hexamethyldisilazane / Hexamethyldisilane (HMDS) and Chloromethyl Isopropyl Carbonate (CMIC), which are predominantly used in the pharmaceuticals industry.

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    Chemcon Speciality's Rs 350 crore is set to hit Dalal Street next week. The firm is India’s largest manufacturer of specialised chemicals, such as Hexamethyldisilazane / Hexamethyldisilane (HMDS) and Chloromethyl Isopropyl Carbonate (CMIC), which are predominantly used in the pharmaceuticals industry.

    Here is all you must know about the issue before you hit 'Subscribe':

    1. When will the Chemcon IPO open?
      Chemcon Speciality Chemicals' IPO will open for subscription on Monday, September 21, alongside CAMS' Rs 2,242 crore issue. The Chemcon issue will close on Wednesday, September 23.
    2. What is the price band for the Chemcon IPO?
      The price band of the issue has been fixed at Rs 338-340.
    3. What is the lot size for the Chemcon IPO?
      Investors can subscribe to the initial public offering (IPO) by betting for a lot of 44 shares, or in multiples thereof. Retail investors may need to bid for a minimum of Rs 14,960 worth of shares at the upper end of the price band.
    4. What is the issue size of the Chemcon IPO?
      The issue comprises fresh issue of equity shares aggregating up to Rs 165 crore and offer for sale of up to 45,00,000 equity shares. Overall, the company plans to raise Rs 318 crore.
    5. What is the quota for retail investors in CAMS IPO?
      The quota for retail investors in CAMS IPO is fixed at 35 per cent of the net offer. The QIB quota is fixed at 50 per cent while the NII quota at 15 per cent.
    6. Is there any employee quota in CAMS IPO?
      No. There is no reservation for employees in the issue.
    7. When will Chemcon IPO's anchor details be disclosed?
      The details of Chemcon's IPO will be out on Friday, September 18.
    8. What is the asking valuation for the Chemcon IPO?
      The issue is seeking a price-to-book value of 22.2 times FY20 EPS.
    9. Which are the listed peers of Chemcon?
      Aarti Industries, Vinati Organics, Atul, Paushak, Neogen Chemicals, Fine Organics Industries and Sudarshan Chemicals are among the listed peers of Chemcon.
    10. How have Chemcon's listed peers performed of late?
      Shares of these companies have advanced between 37 per cent and 150 per cent since the beginning of the ongoing financial year till September 16, while BSE benchmark Sensex has gained 39 per cent during the same period.
    11. Who are the leading book managers to the issue?
      Intensive Fiscal Services and Ambit Capital are the managers to the offer.
    12. Where will the shares of Chemcon get listed?
      The shares of the company will be listed on both BSE and NSE.
    13. When will the basis of allotment for Chemcon be finalised?
      The finalisation of the basis of allotment is likely by September 28, Monday, and the initialisation of refunds is likely by September 29. Meanwhile, credit of shares in the demat account is likely by September 30.
    14. On which date will Chemcon get listed?
      Chemcon listing is likely by October 1. October 2 will be a public holiday.
    15. Where to check the Chemcon IPO allotment status?
      Those who would bid for the issue can check the subscription status on : www.linkintime.co.in, the online portal of Link Intime India Private Limited, the registrar to the IPO. The registrar to an issue is a Sebi-registered entity, qualified to act as such, and which electronically processes all applications and carries out the allotment process as per the prospectus.
    16. Who are the key customers of Chemcon?
      The key customers of the company's pharmaceutical chemicals include Hetero Labs, Laurus Labs, Aurobindo Pharma and IndSwift Laboratories.
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    2 Comments on this Story

    srinivasan33 days ago
    Markert lot of the issue
    Kamlesh Nagarsheth34 days ago
    What is the lot size of cams
    The Economic Times