Another speciality chemical manufacturer is going public. Chemplast Sanmar Ltd has opened its IPO for subscription today. Analysts recommend subscribing to the IPO as it is reasonably valued, the industry outlook is positive, it has a healthy market share and a strong business model.Here are the details:
Chemplast Sanmar is primarily focused on specialty paste polyvinyl chloride (PVC) resin and custom manufacturing of starting materials and intermediates for pharmaceutical, agro-chemical and fine chemicals sectors. It aims to raise Rs 3,850 crore through the issue.
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