Chemcon Speciality Chemical substances’ clients embrace Laurus Labs, Aurobindo Pharma and Ind-Swift Laboratories.
Chemcon Speciality Chemical substances’ Rs 318-crore preliminary public provide (IPO) closes for bidding at 5:00 pm at present i.e. September 23. The general public provide of the Vadodara-based specialised chemical merchandise maker had opened on September 21. The corporate has mounted the IPO worth band at Rs 338-340 per share. The general public subject contains recent subject of fairness shares price Rs 165 crore and a proposal on the market of as much as 45 lakh fairness shares.
The general public providing has lots dimension of 44 shares. Candidates can bid for a minimal 1 lot of 44 shares and in multiples of as much as 13 tons.
As of 12:30 pm on September 23, the Chemcon IPO was subscribed 20.95 occasions. The general public subject was subscribed 29.56 occasions within the retail class, 4.88 occasions in certified institutional consumers (QIB) phase and 22.18 occasions within the non-institutional traders (NII class) portion.
Chemcon Speciality Chemical substances has main clients akin to Laurus Labs, Aurobindo Pharma and Ind-Swift Laboratories within the home market, and likewise exports to abroad markets, together with the US, Germany, Italy, South Korea and Japan.
Amongst different ongoing IPOs, Pc Age Administration Providers can even shut for subscription this night and the Angel Broking IPO will shut on Thursday.
