Ready to listing any other corporate within the mainboard section, publish the draft of the IPO; New stocks of ₹ 450 crore will likely be – Safex Chemical substances India IPO Draft Filed With Sebi Accommodates of Rs 450 Crore Contemporary Factor Take a look at Ofs Measurement Measurement Financials Borrowing and OThar Main points

Agrochemicals corporate Sfex Chemical substances (India) has submitted draft papers close to the Capital Marketplace Regulator SEBI for its public factor. Recently, promoters hang a 54.3 p.c stake within the corporate. On the identical time, non-public fairness company Criscapital has 44.80 p.c shareholding via its entities- Sarcolin, Anchor Companions and SEZ Funding Believe.

New stocks price Rs 450 crore will likely be issued in IPO. Additionally, the be offering of three.57 crore stocks from the prevailing shareholders will likely be on the market (offs). At the side of the promoters of the corporate in Oss, those entities can even promote stocks. Seafex chemical compounds can elevate as much as Rs 90 crore earlier than IPO. If this occurs, the scale of the problem of latest stocks in public factor will likely be diminished.

How previous is the corporate

The Delhi corporate began in 1991. It operates in 3 trade verticals- branded method, strong point chemical compounds, and contract construction and production organizations (CDMO). The corporate’s indexed competitions come with Naked Crop Science, Sumitomo Chemical, Ralis India, Dhanuka Agitch, Naveen World, Vinati Organics, PI Industries and Anupam Chemical substances.

IPO this week: 5 new IPOs together with Go back and forth Meals Products and services ranging from July 7, 9 firms will likely be listing

Tips on how to use IPO cash

The corporate will use Rs 365.6 crore out of the cash to be won by means of liberating new stocks in its IPO. The remainder of the cash will likely be spent for standard company functions. Through April 2025, a complete of Rs 889 crore used to be borrowed on Safex Chemical substances and its subsidiaries.

Sepfex Chemical substances recorded a lack of Rs 14.3 crore in FY 2024-25. The deficit used to be Rs 22.8 crore a 12 months in the past. Income rose 12.8 p.c to Rs 1,584.8 crore, which used to be Rs 1,404.6 crore in FY 2024. Axis Capital, JM Monetary and SBI Capital Markets are service provider bankers for the corporate’s IPO.

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