Chemspec Chemicals files Rs 700-crore IPO papers with Sebi
BACS LLP would offer shares worth Rs 233.40 crore in the offer for sale, while Mitul Vora and Rushabh Vora would each offer shares to the tune of Rs 233.30 crore, it added.
By ET Bureau | Updated:
ETtech
Mumbai: Chemspec Chemicals has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India Thursday for its initial public offering (IPO).
The public issue consists of an offer for sale for up to 700 crore. JM Financial and Axis Capital are the book-running lead managers to the issue.
Chemspec is a manufacturer of UV absorbers globally and is among the top two global manufacturers of personal care ingredients catering to skin and hair care.
The company is the largest manufacturer of a formulation used for treatment of fungal infection in India and the largest producer of an anti-bacterial ingredient globally with a market share of 70%.
The public issue consists of an offer for sale for up to 700 crore. JM Financial and Axis Capital are the book-running lead managers to the issue.
Chemspec is a manufacturer of UV absorbers globally and is among the top two global manufacturers of personal care ingredients catering to skin and hair care.
The company is the largest manufacturer of a formulation used for treatment of fungal infection in India and the largest producer of an anti-bacterial ingredient globally with a market share of 70%.
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