Chemplast Sanmar shares opens at stock market with Rs 525 apiece
Chemplast Sanmar IPO was open for trade between the slot of August 10-12. Being delisted from the stock exchanges in 2012.
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Chemplast Sanmar IPO was open for trade between the slot of August 10-12. Being delisted from the stock exchanges in 2012.
Chemplast Sanmar shares are back on the stock market after being taken out in 2012. The company joined in the game once again but with a weak comeback.
Chemical maker Chemplast Sanmar received a public offer subscription at a 10 per cent rate on August 10, at the first bidding. Investors gave away bids for 38.01 lakh equity shares compared to the offered size of 3.99 crore shares, the subscription data displayed.
The IPO aims to raise 3850 crores. The proceedings from the offering will be used for the early redemption of the non-convertible debentures (NCDs) and for general corporate purposes.