Sage-Tips

What is the grey market premium of chemplast?

In the primary market, Chemplast Sanmar shares were quoting at a premium of Rs 20 per share over the IPO price of Rs 541. Chemplast Sanmar shares were seen trading at Rs 561 apiece, a 3.7 per cent premium in the grey market, over the issue price, according to the people who deal in shares of unlisted companies.

How do I check my chemplast IPO allotment status?

How to check Chemplast Sanmar IPO Allotment Status?

1. Visit the Chemplast Sanmar IPO allotment status page.
2. Click on the green Chemplast Sanmar IPO Allotment Status.
3. Enter either PAN number, Application Number or DP Client ID of the demat account to check the Chemplast Sanmar IPO allotment status.
4. Click Search.

How is Chemplast Sanmar IPO?

Chemplast Sanmar shares made a weak debut on stock exchanges on Tuesday, 24 August 2021, even as BSE Sensex and Nifty 50 were firm. Chemplast Sanmar shares began trading at Rs 525 apiece on BSE today, down nearly 3 per cent from the upper end of the IPO price band of Rs 541 per share.

What is GMP of Chemplast Sanmar?

Chemplast Sanmar IPO GMP today is ₹36 while Aptus Value Housing Finance IPO GMP today is ₹35.

Should I subscribe chemplast IPO?

Chemplast Sanmar IPO: Most analysts recommend subscribing to the Rs 3,850 crore issue of shares of the specialty chemicals manufacturer, which had delisted in 2012. Chemplast Sanmar, a specialty chemicals manufacturer in India, opened its initial public offering on August 10.

Is chemplast oversubscribed?

Chemplast Sanmar IPO Chemplast Sanmar’s QIB portion and retail portion got oversubscribed by 2.70 times and 2.29 times, respectively. Overall the IPO received 2.1 times subscription. The issue received 1.27 times and 0.90 times subscription on the BSE and the NSE respectively.

Is chemplast IPO allotment done?

The finalization of Basis of Allotment for Chemplast Sanmar IPO will be done on Aug 18, 2021, and the allotted shares will be credited to your demat account by Aug 23, 2021.

What is the business of chemplast?

The company is a specialty chemicals manufacturer in India with a focus on specialty paste PVC resin and custom manufacturing of starting materials and intermediates for pharmaceutical, agro-chemical and fine chemicals sectors.

Why is Chemplast Sanmar delisting?

75 for 2012. However, if you consider the current issue price of Rs. 530 to Rs. 541, it is still a little over 7 times the price at which the stock was delisted.

Is chemplast a good investment?

According to experts, the stock has weak fundamentals and due to the volatility in the markets, it may come down below ₹500 levels. They said that one should come out of its current position and buy only when it comes around ₹470 to ₹475 per stock levels for the 9 months target of ₹620.

Should I hold chemplast?

“We would recommend investors to hold on the positions in case the stock prices dip below the IPO price on listing. We believe that the company has got strong fundamentals and should do well once the volatility in the market subsides,” said Jyoti Roy, DVP-Equity Strategist at Angel Broking.

What is Chemplast Sanmar IPO share allotment status?

Chemplast Sanmar IPO share allotment status: The initial public offering (IPO) of specialty chemicals maker Chemplast Sanmar was subscribed 2.17 times over the 3.99 crore shares that were on offer during the subscription period from August 10-12, 2021. The price band was fixed at Rs 530-541 per share.

Can Chemplast re-enter market with negative net worth?

Chemplast is one of the leading specialty chemical manufacturers in India. NEW DELHI: At a time when initial public offerings priced at 80 times their earnings are flying off the shelves, one candidate is trying to re-enter market with negative net worth.

Should you buy Chemplast Sanmar shares at 21 times FY21 EPs?

Chemplast Sanmar, which is coming with its IPO nearly a decade after delisting from bourses, is offering its shares at 21 times its adjusted FY21 EPS of Rs 26. Analysts say one should be cautious on the issue and not rush to subscribe to it. Chemplast is one of the leading specialty chemical manufacturers in India.

How Chemplast Sanmar is raising Rs 3850 crore?

Chennai-based Chemplast Sanmar is planning to raise Rs 3,850 crore through its primary offer which consists of a fresh issue of Rs 1,300 crore and an offer for sale (OFS) of Rs 2,550 crore by promoters. The tiles sector in the country is fragmented with a handful of large companies in dominant positions.