Page 5 - Chemicals

Tatva Chintan Pharma Chem files Rs 450-cr initial public offering papers

Specialty chemical manufacturing company Tatva Chintan Pharma Chem has filed preliminary papers with capital markets watchdog Sebi to raise Rs 450 crore through an initial share sale. The initial public offer (IPO) comprises fresh issuance of equity shares worth Rs 225 crore and an offer of sale to the tune of Rs 225 crore by existing promoters and shareholders, according to draft red herring prospectus (DRHP). Proceeds from the fresh issue would be used towards fundingcapital expenditure requirements for expansion of the company's Dahej manufacturing facility; up-gradation of an R&D facility in Vadodara; and general corporate purposes. In addition, the company said it expects to receive the benefits of listing equity shares on the stock exchanges including enhancing visibility and brand image among existing and potential customers and creating a public market for equity shares in India. Vadodara-basedTatva Chintan is a speciality chemical manufacturing company. The companyexport .

Laxmi Organic shares soar 26% in market debut

The firm is a leading manufacturer of acetyl intermediates and specialty intermediates

Eazol Health Tonic - Making Waves in the Ayurvedic Tonic Space

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Chemicals maker Anupam Rasayan initial public offering subscribed 44 times

Tuesday was the last day of bidding

Laxmi Organic IPO subscribed 6 times on second day of subscription

The initial public offer of speciality chemicals manufacturer Laxmi Organic Industries Limited was subscribed 6.05 times on the second day of subscription on Tuesday. The issue received bids for 19,69,52,680 shares against 3,25,58,138 shares on offer, as per data available with the NSE. The category meant for qualified institutional buyers (QIBs) was subscribed 1.15 times, non institutional investors 2.48 times and retail individual investors(RIIs) 10.38 times. The initial public offer (IPO) aggregating up to Rs 600 crore comprises a fresh issue of up to Rs 300 crore and an offer for sale of up to Rs 300 crore. The offer is in a price range of Rs 129-130 per share. Laxmi Organics Industries on Friday garnered Rs 180 crore from anchor investors. Net proceeds from the issue will be utilised for setting up a manufacturing facility for fluorospecialty chemicals, working capital requirements, purchase of plant and machinery and upgrading existing units. In addition, funds would be us

Chemicals maker Laxmi Organic IPO subscribed 2.28 times on Day 1

The firm is in the speciality chemicals space

Anupam Rasayan IPO subscribed 3.64 times on second day of subscription

The firm is in the speciality chemicals space

Reliance Industries shares rise nearly 1 pc after spin-off

Shares of Reliance Industries Ltd (RIL) rose nearly one per cent to close at Rs 2,024.25

India Pesticides files paperwork to raise Rs 800 crore from IPO

Agrochemical technicals company India Pesticides has filed preliminary papers with capital markets watchdog Sebi to raise Rs 800 crore through an initial share sale. The public offer comprises fresh issuance of shares amounting to Rs 100 crore and an offer of sale of Rs 700 crore bypromoter and technocrat, Anand Swarup Agarwal and other shareholders, according to draft red herring prospectus. The Uttar Pradesh-based company may decide to undertake a pre-IPO placement of Rs 75 crore subject to consultation of the merchant bankers. Proceeds of the fresh issue would be used towards funding the working capital requirements and general corporate purposes. Further, the company expects to receive the benefits of listing of the equity shares, including to enhance the visibility and brand image among the existing and potential customers. India Pesticides is an R&D focused agrochemical technical company, whichhas growing formulations business in herbicides, insecticides and fungicide ...

Commerce ministry for imposing anti-dumping duty on Chinese chemical

The commerce ministry has recommended imposition of anti-dumping duty for five years on a Chinese chemical used in dye and pharma industries

Dow Inc quarterly results beat estimates on higher demand, prices

Dow Inc reported quarterly results on Thursday that beat analysts' estimates and forecast better-than-expected sales for the first quarter as demand and prices for its chemicals recover

Competition Commission rejects ILMA complaint against 19 chemical importers

CCI disposed of a complaint filed by the Indian Laminate Manufacturer's Association (ILMA) alleging formation of a cartel among 19 importers of phenol, a major raw material for making sunmica

Expansion, demand triggers to help SRF maintain growth trajectory

Specialty chemicals and packaging businesses to aid near term growth

Vikas Multicorp enters food protection and personal hygiene segment

Specialty chemicals firm Vikas Multicorp said it will enter the food protection and personal hygiene segment of the FMCG industry with an investment of approximately Rs 100 crore in two years

Balaji Amnies, Alkyl Amines: Specialty chemical stocks have more steam left

Major specialty chemical stocks exhibit strong strength on good volumes. Here are the key levels for frontline stocks from this sector.

Chemical shares in focus; Aarti Industries, Vinati Organics surge over 9%

Analysts at Dolat Capital have kept their FY20E estimates for the sector largely unchanged as they estimate limited impact of Covid-19 on the sector

Graphene is proving to be a wonder material: Dr Mosongo Moukwa

Rapid rise in number of graphene patent applications reflects global fascination with this material

Umicore opens facility for electronic chemicals in Germany

TMGa (trimethylgallium) & TEGa (triethylgallium) are used in semiconductor and LED markets

Kaneka Corp buys US formulated advanced resin supplier Applied Poleramic

With this, Kaneka makes a full-scale entry into aerospace market

WR Grace inks pact with Valliscor for fluorinated intermediates

These products are used in industries such as pharmaceuticals, electronics, and specialty chemicals