338-340 per share. Chemcon Speciality Chemicals Limited IPO is a Mainstream IPO, which is open for all investors from 21st Sept 2020, Monday to 23rd Sept 2020, Wednesday. The deals are usually facilitated by the broker in neighborhood. Chemcon Speciality is entering the primary market on Monday 21 st September 2020, with a Rs. The brokerage has advised investors to subscribe to the issue. Times Internet Limited. The Rs 318-crore Chemcon Speciality Chemicals IPO, which opened for subscription today, comprises fresh issue of equity shares aggregating up to Rs 165 crore, and an offer for sale of up to 45 lakh equity scrips. The issue will close for subscription on September 23. The Grey Market Premium of Chemcon IPO is ₹330.It has decreased a bit in the last few hours. It received bids for 976 million equity shares against the IPO size of over 6.5 million equity shares. Share Market; Chemcon IPO GMP Today | Listing Date, Time, Listing Gain. The gray market for goods thrives when there is a significant price discrepancy for a popular product in different nations. This is the amount an investor stands to gain, irrespective of allotment status. As per the market experts, the public issue size could be in the range of Rs 350-400 crore, while the IPO price band is expected at around Rs 295-300 per share. 165 crore and an offer for sale (OFS) of up to 45 lakh equity shares of Rs. On Monday, the two offerings CAMS (Rs 2,242 crore) and Chemcon Speciality Chemicals (Rs 318 crore) will hit the market. The speciality chemicals manufacturer of pharma chemicals and oil well completion chemicals, enjoys high entry barriers which lead to client stickiness and long-standing relationships. The Chemcon IPO Grey Market Premium price is Rs X, the Kostak rate is Rs 350 and the Subject to Sauda is 5000. 10 each by the promoters, in the price band of Rs. "Further considering the bright prospects for Chemical companies due to shift of supply chain away from China, we believe Chemcon would be well placed to capture this with its planned capex," it added. Copyright © 2021. Kostak rate is the amount an investor gets by selling his/her IPO application in the grey market. In this market, an investor could sell IPO share or IPO application before the company gets listed on the stock exchange. Indian share market volatility has hit recent IPOs’ grey market premiums. Chemcon Speciality Chemicals IPO is going to hit the market on 21st Septembr 2020 and the grey market premium is active now and very good figure as per market condition.As Chemcon gmp and kostak price is looks good before the price band came up, so it will sure lit up the primary market … The grey market premium had indicated listing gains of nearly 111% over the issue price band. 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"Due to increased demand, small IPOs generally quote at a high premium in the grey market," Kwatra told Financial Express Online. Times Syndication Service. Grey market premium of upcoming IPO’S Falls as sensex and nifty falls 2.2% each and currently grey market premium of cams and chemcon is trading at 25% and 60% each. Strong customer base and long-standing relationship with customers has supported in retaining Chemcon Speciality Chemicals Ltd market share, increasing product base and reaching out to new customers, said analysts at Geojit Financials. The Rs 318-crore Chemcon Speciality Chemicals IPO was open for subscription during September 21-23, with a price band of Rs 338-340. 318 crore IPO, comprising fresh issue of up to Rs. Chemcon IPO GMP Today. Chemcon Speciality Chemicals is likely to raise around Rs 350-400 crore through its IPO. The shares of Chemcon Speciality Chemicals will hit the bourses today. The Vadodara-based company raised Rs 95.40 crore through allotment of 28.06 lakh shares to 13 anchor investors at Rs 340 per share. Motilal Oswal Financial Services like Chemcon Speciality Chemicals due to the leadership position in niche products, high entry barriers and healthy financials. And, the grey market premium is … Means company is asking the issue price of Rs 340 per share in the P/E range of 22x to 25x. We don’t trade into the grey market nor do we facilitate buying or selling of IPO forms. It said that none of the listed chemical companies has the same business as Chemcon. Brokerages recommend to 'subscribe' to Chemcon IPO. Chemcon Speciality Chemicals is going to launch its initial public offering on September 21. Chemcon Speciality Chemicals shares made a strong debut on BSE and NSE today, with stock prices more than doubling on listing day. The issue is priced at ₹338 to ₹340 per equity share. Chemcon IPO is a main-board IPO of 9,352,940 equity shares of the face value of ₹10 aggregating up to ₹318.00 Crores. The Chemcon Speciality Chemicals IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. Chemcon Speciality Chemicals IPO Price The face value of each share is Rs 10, but the price band of the IPO is [ ]. If Yes, This Viral Video is a Must Watch! "We believe the company is clearly undervalued compared to its peers; a lot of value is left in the table. IPO GMP is the rate of premium an IPO commands per share in the grey market. Its speciality chemical peers such as Neogen Chemicals, Paushak, Atul and Aarti Industries are currently trading at P/E multiples of 57.0x, 37.6x, 29.6x and 35.6x respectively on FY20 EPS. After reading the complete analysis, we hope you have understood about Chemcon and its IPO. Grey Market Premium of Chemcon IPO Day by Day. Do You Keep Cash in a Bank Locker? The grey market works before the IPO listing and during the days from IPO start date to the allotment date. For last 3 years EPS of Rs 13.59, P/E ratio is 25x. Investor Academy - October 1, 2020. Moreover, the gray market price of its shares is also up by around 93%. The minimum order quantity is 44 Shares. And, there have been a lot of other reasons driving … Most research and brokerage firms have recommended to ‘subscribe’ to this issue. Chemcon Speciality Chemicals IPO has been subscribed 1.18 times on the first day of the bidding with retail category subscribing 2.65 times; and NIIs 0.26 times. Chemcon Speciality Chemicals IPO Valuation. Here are details, Papaya leaf juice: 5 reasons why one should consume it, Being sustainable in 2021 includes shopping responsibly for food. Both the issues will be open for subscription between September 21 and 23. 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