Chemplast Sanmar IPO Subscription Day-3

Chemplast Sanmar
IPO
12/08/2021

The Rs.3,850 crore IPO of Chemplast Sanmar, consisting of Rs.1,300 crore fresh issue and Rs.2,550 crore OFS, was fully subscribed on Day-3. As per the combined bid details put out by BSE at the close of Day-3 of the issue, Chemplast Sanmar IPO was subscribed 2.17X overall, with bulk of the demand coming from the QIB and Retail segments. The issue has closed on 12th August.

In terms of numbers, out of the 399.53 lakh shares on offer in the IPO, Chemplast Sanmar saw applications for 866.38 lakh shares. This implies an overall subscription of 2.17X. The granular break-up of subscriptions were tilted in favour of QIB and retail investors.

 

Chemplast Sanmar IPO Subscription Status Day 3

Category Subscription Status
Qualified Institutional (QIB) 2.70 Times
Non-Institutional (NII) 1.03 Times
Retail Individual 2.29 Times
Total 2.17 Times

 

QIB Portion

The QIB portion got a relatively better response on Day-3. On 09 Aug, Chemplast Sanmar did an anchor placement worth Rs.1,733 crore. QIB portion, net of anchor allocation, was subscribed 2.70X (getting applications for 587.68 lakh shares against the available quota of 217.92 lakh shares) at the close of Day-3.

HNI Portion

The HNI portion just about got subscribed 1.03X (getting applications for 112.40 lakh shares against the quota of 108.96 lakh shares). The funded applications and corporate applications were not too prominent on the last day.

Retail Individuals

The retail portion got subscribed 2.29X at the close of Day-3, showing fair retail appetite. Out of the 72.64 lakh shares on offer, valid bids were received for 166.30 lakh shares, of which bids for 135.62 lakh shares were at the cut-off price. The IPO is priced in the band of (Rs.530-Rs.541) and has closed for subscription on 12th August.

 

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