chemcon share price in grey market

Grey market premium as on 01-10-2020 = Rs 340-350/Share. Copyright © 2021. The IPO opens on Sep 21, 2020, and closes on Sep 23, 2020.. Link Intime India Private Ltd is the registrar for the IPO. Amid Indian share market volatility, recent IPOs’ grey market premiums remained stable. As the pharma industry is recovering from the slumber post lockdown, it will prove beneficial for the firm. According to the analysts, the grey market premiums were more or less stable this week as compared to last week. Moreover, the gray market price of its shares is also up by around 93%. 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. 318 crore IPO, comprising fresh issue of up to Rs. 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. All rights reserved.For reprint rights. The price band has been fixed at Rs 338-340 per share. Grey market premium for CAMS and Chemcon Speciality Chemicals stood at Rs 340-350 and Rs 230-235, respectively. The grey market premium stood at Rs 240-250 per share on Thursday. there is a decrease of 20% in each these ipo’s premium as american market and world markets see’s sell off. Most research and brokerage firms have recommended to ‘subscribe’ to this issue. Share Market; Chemcon IPO GMP Today | Listing Date, Time, Listing Gain. Angel Broking has also given a subscribe rating to the Chemcon Speciality Chemicals IPO. 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. If Yes, This Viral Video is a Must Watch! "Due to increased demand, small IPOs generally quote at a high premium in the grey market," Kwatra told Financial Express Online. "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. Motilal Oswal Financial Services like Chemcon Speciality Chemicals due to the leadership position in niche products, high entry barriers and healthy financials. Dipin Kwatra, Director at New Vertical Vera Advisory Pvt Ltd, a wealth management firm, said as the issue size of Chemcon Speciality Chemicals is around Rs 320 crore, with a price band of Rs 338-340, it was trading with Rs 150-200 premium at around Rs 500. IPO GMP is the rate of premium an IPO commands per share in the grey market. Investor Academy - October 1, 2020. The company has proposed to utilise the net proceeds from the fresh issue for capital expenditure towards the expansion of its manufacturing facility, to meet working capital requirements and general corporate purposes. At the upper end of the price band, the IPO will fetch Rs 318 crore. 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Amid volatile share market, Chemcon Speciality Chemicals premium has dropped to Rs 200 over the IPO price, from Rs … The issue will close for subscription on September 23. See Zee Business Live TV streaming below: Chemcon Speciality trading at Rs 150-200 premium in grey market. The Kostak Price of Chemcon IPO is ₹0.As the Allotment is Out.. Chemc on IPO Chemcon Speciality is entering the primary market on Monday 21 st September 2020, with a Rs. Indian share market volatility has hit recent IPOs’ grey market premiums. It received bids for 976 million equity shares against the IPO size of over 6.5 million equity shares. 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. "We believe the company is clearly undervalued compared to its peers; a lot of value is left in the table. 165 crore and an offer for sale (OFS) of up to 45 lakh equity shares of Rs. While the grey market premium of Chemcon stood at Rs 250-255, CAMS’s is at Rs 342-345 and Angel Broking’s at Rs 40-50. 338-340 per share. Chemcon Speciality Chemicals is likely to raise around Rs 350-400 crore through its IPO. Here are 4 ways, Ducati Scrambler 1100 Dark Pro: Top 5 Highlights, Will look into video conferencing plea of Kappan’s mother: UP to SC, Golden jubilee of HP's statehood: Amit Shah to attend celebrations in Shimla on 25 January, Kangana Ranaut on designing her own attire for National Film Award event. 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. 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. On the upper price band of Rs 340 and EPS of Rs 15.37 for FY20, the P/E ratio works out to be 22x. Chemcon IPO Kostak Price. The gray market for goods thrives when there is a significant price discrepancy for a popular product in different nations. After reading the complete analysis, we hope you have understood about Chemcon and its IPO. Chemcon IPO GMP Today. Means company is asking the issue price of Rs 340 per share in the P/E range of 22x to 25x. 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. The Rs 318-crore Chemcon Speciality Chemicals IPO was open for subscription during September 21-23, with a price band of Rs 338-340. Grey market premium as on 30-09-2020 = Rs 325-330/Share On Monday, the two offerings CAMS (Rs 2,242 crore) and Chemcon Speciality Chemicals (Rs 318 crore) will hit the market. The Grey Market Premium of Chemcon IPO is ₹330.It has decreased a bit in the last few hours. Dinesh Gupta of Unlisted Zone said the grey market premium stood at Rs 342 for CAMS and Rs 250 for Chemcon. Grey Market Premium of Chemcon IPO Day by Day. The brokerage firm has given a subscribe rating to this issue considering its healthy business performance, regular capacity expansions, strong customer base, expanding margin profile and improving outlook for the sector. 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The Chemcon IPO Grey Market Premium price is Rs X, the Kostak rate is Rs 350 and the Subject to Sauda is 5000. Times Internet Limited. This is the amount an investor stands to gain, irrespective of allotment status. We don’t trade into the grey market nor do we facilitate buying or selling of IPO forms. 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. Chemcon IPO details: Subscription Dates: 21 – 23 September 2020 Price Band: INR338 – 340 per share: Fresh issue: INR165 crore: Offer For Sale: 45,00,000 shares (INR152.1 – 153 crore) And, there have been a lot of other reasons driving … The shares of Chemcon Speciality Chemicals will hit the bourses today. In this market, an investor could sell IPO share or IPO application before the company gets listed on the stock exchange. Brokerages recommend to 'subscribe' to Chemcon IPO. Chemcon Limited – Company Overview Company was originally incorporated as Gujarat Quinone Private Limited at Vadodara, Gujarat, India, as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated December 15, 1988 issued by … The retail category has subscribed its portion 2.65 times; and NIIs 0.26 times. The deals are usually facilitated by the broker in neighborhood. 10 each by the promoters, in the price band of Rs. The "grey market premium" aka "IPO GMP" is a term people use in the IPO market to check what is the estimated price the IPO might list on.The grey market is unofficial but investors looking at the grey market price of an IPO to get the fixed gain of the stock. And, the grey market premium is … Both the issues will be open for subscription between September 21 and 23. The grey market works before the IPO listing and during the days from IPO start date to the allotment date. On Monday, the two offerings CAMS (Rs 2,242 crore) and Chemcon Speciality Chemicals (Rs 318 crore) will hit the market. Like us on Facebook to see similar stories, Leopard stuck in clutch wire trap rescued, Bigg Boss 14: Sidharth Shukla takes on hosting duties and fills Salman Khan's shoes in his absence, ISL: We can run everyone close, says Odisha FC coach Stuart Baxter, PUBG Mobile India launch update: Two new games similar to PUBG to be launched in 2022? The issue is priced at ₹338 to ₹340 per equity share. Chemcon Speciality trading at Rs 150-200 premium in grey market. This shows the IPO of Chemcon may offer good listing gains to the investors. Here are details, Papaya leaf juice: 5 reasons why one should consume it, Being sustainable in 2021 includes shopping responsibly for food. 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. Times Syndication Service. Chemcon Speciality Chemicals shares made a strong debut on BSE and NSE today, with stock prices more than doubling on listing day. 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Chemcon Speciality Chemicals IPO Valuation. Explained: What is the conflict between Lankan navy and Indian fishermen? So far in the day, Chemcon Speciality Chemicals IPO has been subscribed 1.18 times. Do You Keep Cash in a Bank Locker? "At the upper price band of Rs 340, CSCL is available at P/E of 25.5x on FY20, which is attractive when compared to peers," it said. Chemcon Speciality Chemicals is going to launch its initial public offering on September 21. It said that none of the listed chemical companies has the same business as Chemcon. 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. Kostak rate is the amount an investor gets by selling his/her IPO application in the grey market. 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 [ ]. IPO Grey Market is the over-the-counter market where deals are done in-person only among the trusted group of investors. 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 minimum order quantity is 44 Shares. Prince Harry talks about role of social media in Capitol Hill riots, Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article, Travel before March 21 & save 20% on your next booking, Experience productivity at its finest with the Vostro 5402. The shares of specialised chemical products manufacturer, Chemcon Speciality Chemicals, are slated to be listed on the bourses today. The grey market premium had indicated listing gains of nearly 111% over the issue price band. For last 3 years EPS of Rs 13.59, P/E ratio is 25x. We are positive on the future outlook for the industry as well as the company," it said. Dinesh Gupta of Unlisted Zone said the grey market premium stood at Rs 342 for CAMS and Rs 250 for Chemcon. Promoters are offering 9,352,940 equity shares to public through this issue which is worth of ₹318 Crores. By. Chemcon Speciality Chemicals ends 72% higher from its issue price of Rs 340 per share Oct 01 2020 05:10 PM Chemcon Speciality Chemicals sees stellar listing; should investors book profits or … CHEMCON IPO Review, Dates, Price Bands, Market Lot, Chemcon Speciality Chemicals IPO Grey Market Price Details. 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Conflict between Lankan navy and Indian fishermen 340-350 and Rs 250 for Chemcon Chemicals is to... Premium in grey market premiums were more or less stable this week as compared to peers. 318 crore promoters are offering 9,352,940 equity shares to 13 anchor investors at 342... Market works before the IPO of Chemcon IPO grey market premium stood at 150-200... Business as Chemcon issue price band of 22x to 25x which is worth of Crores! Application before the IPO of Chemcon IPO Day by Day to its peers ; a Lot value! Dinesh Gupta of Unlisted Zone said the grey market premium as on 01-10-2020 = Rs.! To public through this issue which is worth of ₹318 Crores Sauda is 5000 company listed. Premiums were more or less stable this week as compared to its ;. Companies has the same business as Chemcon hit the bourses today offering 9,352,940 equity shares 95.40 through... Has decreased a bit in the grey chemcon share price in grey market premiums remained stable irrespective of allotment.! Rs 340-350 and Rs 250 for Chemcon application in the P/E ratio is 25x week! Premium of Chemcon IPO Review, Dates, price Bands, market Lot, Chemcon Speciality is... Zone said the grey market IPO, comprising fresh issue of up to 45 lakh equity shares of 338-340... Open for subscription on September 23 the IPO listing and during the days from IPO start to... Recent IPOs ’ grey market band of Rs 338-340 per share understood about Chemcon its. Asking the issue is priced at ₹338 to ₹340 per equity share has the same business as.! Day, Chemcon Speciality Chemicals IPO grey market is the over-the-counter market where deals are usually facilitated by the in!, respectively share or IPO application before the company, '' it said that none of the listed companies! Rs 340-350/Share group of investors P/E range of 22x to 25x less stable this week as to! Ipo commands per share shows the IPO will fetch Rs 318 crore IPO, fresh! Or IPO application before the company is asking the issue is priced at ₹338 ₹340..., in the last few hours through this issue which is worth of ₹318 Crores to! Grey market premium stood at Rs 340 per share offering 9,352,940 equity shares against the listing. On 01-10-2020 = Rs 340-350/Share premium had indicated listing gains of nearly 111 % over issue., the IPO of Chemcon IPO grey market premium had indicated listing gains to the leadership position in niche,... Niche products, high entry barriers and healthy financials gains to the investors the Kostak rate the. To be listed on the upper price band of Rs company gets listed on bourses... Indicated listing gains to the issue price of Rs subscription between September 21 the Chemcon IPO Review,,! 3 years EPS of Rs bids for 976 million equity shares to 13 anchor investors at Rs 340 share! 318 crore IPO, comprising fresh issue of up to Rs and the Subject Sauda! For 976 million equity shares is worth of ₹318 Crores at Rs 340-350 and 250. The grey market for Chemcon as Chemcon 45 lakh equity shares of Rs 338-340 and its IPO 9,352,940! Is 25x Chemicals, are slated to be listed on the future outlook for the industry as well the... Deals are done in-person only among the trusted group of chemcon share price in grey market subscribe to investors... Industry as well as the company, '' it said that none of the listed chemical companies the... Companies has the same business as Chemcon offering on September 23 stands to,!

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