Chemplast Sanmar Makes A Lacklustre Debut, Lists At 3% Discount

Chemplast Sanmar IPO accustomed a apathetic acknowledgment from investors, with cable of 2.17 times

Chemplast Sanmar shares accept fabricated a lacklustre admission on the bourses. The shares of the specialty actinic aggregation listed at Rs 525 on the BSE, 3 per cent abatement compared to the affair amount of Rs 541 per share. At 10:40 am, Chemplast Sanmar shares were trading at Rs 526.30, lower by 2.72 per cent, on the BSE and at Rs 526.20, bottomward 2.7 per cent, on the NSE.

The accessible action of the specialty actinic aggregation had accustomed a apathetic acknowledgment from investors. The allotment action was subscribed 2.17 times; the retail allocation was appointed 2.29 times, the allocation set abreast for able institutional buyers was subscribed 2.7 times and non-institutional investors articulation saw 1.03 times subscription.

Chemplast Sanmar is a allotment of the SHL Chemicals Group, endemic by Sanmar Holdings. It is a specialty chemicals architect with a focus on specialty adhesive PVC adhesive and custom accomplishment of starting abstracts and intermediates for pharmaceutical, agro-chemical and accomplished chemicals sectors. It is additionally the arch architect of specialty adhesive PVC adhesive in India.

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