IPO Analysis: Chemcon Speciality Chemicals
(WorldNews Business)

IPO Rating - Invest About the Issue Chemcon Speciality Chemicals, a Gujarat based manufacturer of speciality chemicals that find application in pharmaceutical and oilfield industry is entering the primary capital market with its initial public offer (IPO) of equity shares of the face value of Rs 10 each. The price band has been fixed between Rs 338 and Rs 340. The total issue size is of Rs 318 crores including a fresh issue of Rs 165 crores and an offer for sale of Rs 153 crores shares by the exiting shareholders. At the upper price band of Rs 340 company will issue up to 0.48 crore of equity shares aggregating up to Rs 165 crore. After this issue the promoter`s stake will come down to...