InvestorQ : Is it true that Chemplast Sanmar is planning to re-list all over again?
Arya Nanda made post

Is it true that Chemplast Sanmar is planning to re-list all over again?

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Anjana Aiyar answered.
5 days ago
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Chemplast Sanmar based out of Chennai had delisted from the bourses way back in 2012. Now it plans a massive IPO and will also list again on the NSE and the BSE, after a gap of almost 10 years. Chemplast Sanmar has filed with SEBI for a Rs.3,500 crore IPO, including a fresh issue of Rs.1,500 crore and an OFS of Rs.2,000 crore.

In the OFS, Sanmar Holdings will offer shares of Rs.1,850 crore while Sanmar Engineering will offer shares worth Rs.150 crore. Chemplast Sanmar is an existing profit making specialty chemicals company. It proposes to use proceeds of the fresh issue for early redemption of its NCDs. This is expected to improve its solvency and coverage ratios and get better value.

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