Chemplast Sanmar IPO remains undersubscribed as investors placed bids for only 33 per cent of the entire initial public offering so far on Thursday, the final day of bidding. The portion set aside for qualified institutional buyers (QIBs) was subscribed 2 per cent and that of non-institutional investors saw 10 per cent subscription. The grey market premium for the Chennai-based specialty chemicals maker has come down since the IPO opened for subscription on August 10. Chemplast Sanmar IPO was subscribed 26 per cent on Wednesday, the second day of subscription. Chemplast Sanmar IPO aggregating up to ₹3,850 crore has a fresh issue of up to ₹1,300 crore and an offer for sale worth up to ₹2,550 crore.

Source: Hindustan Times August 12, 2021 07:18 UTC