Investors should wait for clarity on Chemplast loans and a better price

ET Intelligence Group: Chemplast Sanmar, a speciality chemicals company catering to footwear and auto-upholstery segments, plans to raise Rs 3,850 crore through the initial public offering to reduce debt. It is set to relist after delisting voluntarily in 2012 when its market cap was Rs 1,150. Nearly a decade later, it now expects a market valuation of Rs 8,500 crore. The promoter stake will shrink to 55 per cent after the IPO from 100 per cent