Chemplast Sanmar IPO Subscription Day-1

Chemplast
IPO
10/08/2021

The Rs.3,850 crore IPO of Chemplast Sanmar, consisting of Rs.1,300 crore fresh issue and Rs.2,550 crore OFS, was only partially subscribed on Day-1. As per the combined bid details put out by BSE at the close of Day-1 of the issue, Chemplast Sanmar IPO was subscribed 0.16X overall, with bulk of the demand coming from the retail segment. The issue closes on 12th August.

In terms of numbers, out of the 399.53 lakh shares on offer in the IPO, Chemplast Sanmar saw applications for 64.48 lakh shares. This implies an overall subscription of 0.16X. The granular break-up of subscriptions were tilted in favour of retail investors.
 

Chemplast Sanmar IPO Subscription Status Day 1

Category Subscription Status
Qualified Institutional (QIB) 0.00 Times
Non-Institutional (NII) 0.03 Times
Retail Individual 0.84 Times
Total 0.16 Times

 

QIB Portion

The QIB portion virtually got no response on Day-1. On 09 Aug, Chemplast Sanmar did an anchor placement worth Rs.1,733 crore. QIB portion, net of anchor allocation, was subscribed 0.00X (getting applications for negligible shares against the available quota of 217.92 lakh shares) at the close of Day-1.

HNI Portion

The HNI portion got subscribed 0.03X (getting applications for 3.71 lakh shares against the quota of 108.96 lakh shares). However, funded applications and corporate applications typically come in on the last day only.

Retail Individuals

The retail portion got subscribed 0.84X at the close of Day-1, showing strong retail appetite. Out of the 72.64 lakh shares on offer, valid bids were received for 60.76 lakh shares, of which bids for 50.25 lakh shares were at the cut-off price. The IPO is priced in the band of (Rs.530-Rs.541) and will close for subscription on 12th August. 
 

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