Supreet Chemical has deliberate to lift Rs 499 crore from IPO. On September 5, the corporate filed a draft purple herring prospectus (DRHP) close to SEBI. The Superb Chemical is a Gujarat corporate, which makes distinctiveness chemical substances. The corporate will factor best new stocks within the IPO. Which means it’ll no longer come with any be offering for cellular (OFS).
Plan to lift Rs 99 crore in pre-IPO spherical
Supreet Chemical Needs to lift Rs 99 crore from traders within the pre-IPO spherical. The corporate has stated that if she raises this quantity within the pre-IPO spherical, then it’ll carry an identical quantity within the IPO. The corporate will use Rs 310 crore from IPO for its 4 production facility and greenfield undertaking. 65 crore might be used to pay off the mortgage. She’s going to use the remainder of the cash to fulfill standard trade wishes.
A mortgage of Rs 203 crore at the corporate
The corporate has advised in its DRHP {that a} overall mortgage of Rs 203.5 crore (until July 2025) on it. The corporate provides its merchandise to the end-user industries. Those come with textiles, prescribed drugs, efficiency chemical substances, non-public care and agro chemical substances. Supreet Chemical is a significant form of chemical intermediate corporate. Those come with MCA, Sulfonmides and APOPSO primarily based aeromatic eions and sulfonamides and amino phenold familys.
FY25 benefit of Rs 52 crore
The Superb Chemical Samba additionally has a significant spalaier. This is a advanced molecule this is manufactured via 15 multi-step unit operations and processions. The corporate’s benefit FY25 higher by means of 103 according to cent to Rs 51.9 crore. A 12 months in the past, the corporate earned 25.6 crore benefit. The corporate’s earnings rose 51.2 according to cent to Rs 362.5 crore.
Superb chemical compete with those firms
Supreet Chemical is competed with Deepak Nitrite, Aarti Industries, Atl, Balaji Amines, Alkyl Amines Chemical compounds, Neogen Chemical compounds and Rossari Biotech. The corporate has appointed IIFL Capital Products and services as E-book Operating Lead Supervisor for IPOs.