Chemkart India IPO Opens — Check GMP, Offer Size, Price Band, Subscription And More
Shares of Chemkart India are proposed to be listed on the BSE SME platform on July 14.
Chemkart India Ltd. launched its initial public offering (IPO) on Monday to raise over Rs 80 crore from the primary market. The company manufactures food ingredients. Here's all you need to know:
Chemkart India IPO: Key Details
The Chemkart India IPO is a bookbuilding issue of Rs 80.08 crore. It comprises a fresh issue of 26 lakh shares worth Rs 64.48 crore and an offer for sale of 6.29 lakh shares worth Rs 15.60 crore.
Retail investors can participate in the IPO by bidding for two lots comprising 1,200 shares. It will require an investment of Rs 2,83,200. High Net-Worth Individuals (HNIs) can participate in the IPO by bidding for at least three lots, amounting to an investment of Rs 4,46,400.
The price band for the IPO is set between Rs 236 and Rs 248 per share.
Investors can bid for shares in the IPO from July 7 to July 9. The allotment of shares is proposed to be finalised on July 10. Successful bidders will receive shares in their demat accounts on July 11 and refunds for non-allottees will be initiated on the same day.
Shares of Chemkart India are proposed to be listed on the BSE SME platform on July 14.
Retail investors will be offered 33.41% of the shares and Qualified Institutional Buyers will receive 47.10% of the shares.
Smart Horizon Capital Advisors Pvt Ltd. is the book-running lead manager of the Chemkart India IPO. Bigshare Services Pvt. Ltd. is the registrar, while Alacrity Securities Ltd. is the market maker.
Chemkart India IPO Subscription Status: Day 1
*The subscription status will be updated soon
Chemkart India IPO GMP Today
According to InvestorGain, the grey market premium (GMP) for the Chemkart India IPO was Rs nil as of 9:30 a.m. on July 7. It indicates a potentially flat listing for the offer.
Note: GMP does not represent official data and is based on speculation.
Chemkart India’s Business
Chemkart India specialises in producing high-quality food and health ingredients. The company’s products include vitamins, amino acids and proteins.
Use Of Proceeds
The company will use proceeds from the IPO to fund capital expenditure for setting up a manufacturing facility, clear debt and for general corporate purposes.
Chemkart India Financials
Chemkart India reported a 67.1% year-on-year (YoY) increase in profit after tax (PAT) to Rs 24.26 crore in FY25 from Rs 14.52 crore in FY24. Total income rose 54.7% YoY to Rs 205.46 crore in FY25 from Rs 132.83 crore in FY24.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
