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Chemcon Speciality Chemicals to raise Rs 318 crore via IPO; price band set at Rs 338-340

The public offer will close on September 23 and the bidding for anchor investors' book will be on September 18.

September 21, 2020 / 02:35 PM IST

Chemcon Speciality Chemicals has fixed the price band for its initial public offering at Rs 338-340 per share.

The company plans to raise Rs 317 crore at the lower end of price band and Rs 318 crore at the upper price band through its maiden public issue which will open for subscription on September 21.

The IPO comprises of a fresh issue of Rs 165 crore and an offer for sale of Rs 45 lakh equity shares by promoters Kamalkumar Rajendra Aggarwal and Naresh Vijaykumar Goyal.

The public offer will close on September 23 and the bidding for anchor investors' book will be on September 18.