Group debt, share pledge serve as major overhang for Chemplast, investors may wait

Issue dates: August 10-12, 2021
Price band: Rs 530-541 per share
Issue size: Rs 3,850 crore
Implied Market cap: Rs 8,500 crore
Lot size: 27 shares

ET Intelligence Group: Chemplast Sanmar, a speciality chemicals company catering to footwear and auto-upholstery segments, plans to raise Rs 3,850 crore through the initial public offering to reduce debt. It is set to relist after delisting voluntarily in 2012 when its market cap was Rs 1,150. Nearly



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