Benchmarks
Nifty16,258.2520.05
Market Watch
The Economic Times
English Edition
| 09 August, 2021, 09:04 PM IST | E-Paper
Special Offer on ET PrimeET Prime Exclusive OfferET Prime Exclusive Offer
Search
+
Business News›Markets›IPOs/FPOs›Group debt, share pledge serve as major overhang for Chemplast, investors may wait

    Group debt, share pledge serve as major overhang for Chemplast, investors may wait

    Synopsis

    The promoter stake will shrink to 55 per cent after the IPO from 100 per cent reflecting the urgency to reduce debt. While business prospects look good, share pledges and group level debt would be an overhang.

    Issue dates: August 10-12, 2021 Price band: Rs 530-541 per share Issue size: Rs 3,850 crore Implied Market cap: Rs 8,500 crore Lot size: 27 shares 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
    BY
    ET Bureau
    4 mins read
    Share This Article
    • GIFT ARTICLE
    • FONT SIZE
      AbcSmall
      AbcMedium
      AbcLarge
    • SAVE
    • PRINT
    • COMMENT

    Sign in to read the full article

    You’ve got this Prime Story as a Free Gift

    Special Offer on ET Prime

    Get Flat 20% Off

    ON ET PRIME MEMBERSHIP

    Get Offer

    Why ?

    • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

    • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

    • Clean experience with
      Minimal Ads
    • Comment & Engage with ET Prime community
    • Exclusive invites to Virtual Events with Industry Leaders
    • A trusted team of Journalists & Analysts who can best filter signal from noise
    The Economic Times
    BrowseCompanies: