Chemplast Sanmar IPO: Should you bet on a company with negative net worth?

Chemplast Sanmar IPO: Sustainability of financial performance and strong cash flow would be the key catalyst for valuation re-rating, say analysts

Chemplast Sanmar IPO: After Chemcon Speciality and Heranba Industries, another chemical maker – Chemplast Sanmar – is eyeing a second stint on the stock exchanges given the frenzy in the public offer market. The Southern India-based chemical manufacturing company has launched its initial public offer (IPO) on Tuesday with an aim to raise Rs 3,850 crore but analysts are not gung-ho about the company’s offer.
 

Earlier, CSL was a listed entity on the bourses until 2012, but was delisted in June that year on facing financial headwinds. Given this, Vikas Jain, research analyst at Reliance Securities, opines that a history