Mcx Copper Sep Futures Analysis - 16.09.2020
SEBI Plans to Overhaul MF-O-Meter
What are the Pre Requisites to start trading in Share Markets in india
What are Shares or Stocks ?
BankNifty Outlook -16.09.2020
USDINR Sep Futures Analysis - 16.09.2020
Nifty Outlook -16.09.2020
Market Snapshot - 16.09.2020
Stocks to Watch; NBFCs, Banks, Pharma Stocks, Spicejet : 16.09.2020
Chemcon Speciality Chemicals - IPO
Chemcon Speciality Chemicals is going to launch its initial public offering on September 21, as per the red herring prospectus filed with Sebi on September 12.
Computer Age Management Services (CAMS), which is backed by NSE and private equity firm Warburg Pincus, will also open its maiden public issue on the same date.
Chemcon, the manufacturer of specialised chemicals - HMDS and CMIC - which are predominantly used in the pharmaceuticals industry, is likely to raise around Rs 350-400 crore through its IPO.
As per the red herring prospectus, the public issue consists of a fresh issue of Rs 165 crore and and an offer for sale of 45 lakh equity shares by promoters Kamalkumar Rajendra Aggarwal and Naresh Vijaykumar Goyal. Both promoters will divest 22.5 lakh equity shares each via IPO.
Rudra Shares and Mehta Equities also told that the public issue size could be in the range of Rs 350-400 crore, while Rudra Shares expects the IPO price band at around Rs 295-300 per share.
The company aims to utilise fresh issue proceeds for expansion of manufacturing facility, working capital requirements and general corporate purposes.
Its key customers for pharmaceutical chemicals include Hetero Labs, Laurus Labs, Aurobindo Pharma, Sanjay Chemicals (India), Lantech Pharmaceuticals, Ind-Swift Laboratories, Vivin Drugs & Pharmaceuticals and Macleods Pharmaceuticals. Key customers for oilwell completion chemicals include Shree Radha Overseas, Water Systems Specialty Chemical DMCC, Universal Drilling Fluids and CC Gran Limited Liability Company.
Chemcon compares itself with listed industry peers - Aarti Industries, Vinati Organics, Sudarshan Chemical Industries, Atul, Paushak, Fine Organic Industries and Neogen Chemicals.
Equity shares are proposed to be listed on BSE and NSE. Intensive Fiscal Services and Ambit Capital are the book running lead managers to the issue. Link Intime India is the registrar.
Free Demo Usdinr Currency Tips - whatsapp - 9841986753
Book for Nifty Futures Tips : Join Whatsapp : 9094047040
Market Highlights - 15.09.2020
Indusindbk Ltd Analysis Report - 15.09.2020
Free Stock Options Tips : Join Whatsapp : 9841986753
Free Nifty Options Tips : Join Whatsapp : 9841986753
Free BankNifty Options Tips : Join Whatsapp : 9841986753
Subscribe Telegram Channel : https://t.me/rupeedesk
KEEP REFRESH FOR NEXT UPDATE
Indusindbk Ltd Analysis Report - 15.09.2020
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Free Stock Options - Rupeedesk
Free Stock Option tips (Call and Put) - RupeeDesk Free Indian stocks Option tips ,Nifty Options Tips,Free stock Call Option and free stock put options, Nifty Put Option with 90% accuracy Free Stock and Nifty Tips, Live Option Market Quotes,Online Option Trading Tips,Stock,rupeedesk Option Tips, Prices,Nifty Option Quotes. (Contact: 9094047040/9841986753/ 044-24333577, www.rupeedesk.in)