Chemplast Sanmar Limited IPO
Incorporated in 1985, Chemplast Sanmar Ltd is a leading specialty chemical manufacturer in India. The company is engaged in the manufacturing of specialty paste PVC resin, starting materials, and intermediates for agro-chemical, pharmaceuticals, agro-chemical, and fine chemical sectors. It also produces other types of chemicals such as Caustic Soda, Chlorochemicals, Hydrogen Peroxide, Refrigerant gas, and Industrial Salt.
It has four manufacturing facilities, among which, 3 are situated at Mettur, Berigai, and Cuddalore in Tamil Nadu, and one is located in Puducherry at Karaikal.
Competitive strengths:
- The largest manufacturer of specialty paste PVC resins in India in terms of installed production capacity.
- 3rd largest manufacturer of caustic soda and the largest manufacturer of hydrogen peroxide in South India.
- A part of the SHL Chemicals Group, one of the most prominent corporate groups in South India.
- A vertically integrated business model with a focus on quality manufacturing.
- Highly experienced managerial team.
Company Promoters:
Sanmar Holdings Limited is the promoter of the company.
Issue Details
Company Financials
Particulars | For the year/period ended (₹ in million) | ||
Summary of financial Information (Restated Consolidated) | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
Total Assets | 44,861 | 41,075 | 38,016 |
Total Revenue | 38,151 | 12,655 | 12,668 |
Profit After Tax | 4,102 | 461 | 1,185 |
Objects of the Issue:
- The net proceed from the IPO will be utilized towards the following purposes;
- Early redemption of NCDs issued by the company in full.
- Meet general corporate purposes.
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