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    Chemcon Speciality Chemicals files Rs 350 crore IPO papers with SEBI

    Medical Dialogues BureauWritten by Medical Dialogues Bureau Published On 2019-08-10T09:30:31+05:30  |  Updated On 10 Aug 2019 9:30 AM IST
    Chemcon Speciality Chemicals files Rs 350 crore IPO papers with SEBI

    The key customers of the company's pharmaceutical chemicals include Hetero Labs, Laurus Labs, Aurobindo Pharma and IndSwift Laboratories. The shares of the company will be listed on the BSE and the NSE.


    New Delhi: Chemcon Speciality Chemicals, a leading manufacturer of pharmaceutical chemicals, has filed draft papers with market regulator Sebi for its proposed initial public offer to raise about Rs 350 crore. The issue comprises a fresh issue of Rs 175 crore and an offer for sale of 43 lakh equity shares from the promoters, according to the draft red herring prospectus (DRHP).


    As per market sources, the initial public offer (IPO) size is about Rs 350 crore.


    Read Also: JB Chemicals gets zero USFDA observations for Panoli unit

    Intensive Fiscal Services and Ambit Capital are the managers of the offer.


    The Baroda-based company supplies its products to domestic customers and also export to countries including the US, China, Japan, UAE, Azerbaijan, Serbia, Russia and Malaysia, as per the DRHP.


    The key customers of the company's pharmaceutical chemicals include Hetero Labs, Laurus Labs, Aurobindo Pharma and IndSwift Laboratories. The shares of the company will be listed on the BSE and the NSE


    Read Also: Ipca Labs to acquire Ramdev Chemical for Rs 108 crore

    Ambit CapitalAurobindo PharmaBSEChemcon Speciality ChemicalsDRHPHetero LabsIndSwift LaboratoriesIntensive Fiscal ServicesIPOLaurus LabsNSEpharmapharma companypharma newspharma news indiaSEBI
    Source : PTI

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    Medical Dialogues Bureau
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      Medical Dialogues Bureau consists of a team of passionate medical/scientific writers, led by doctors and healthcare researchers.  Our team efforts to bring you updated and timely news about the important happenings of the medical and healthcare sector. Our editorial team can be reached at editorial@medicaldialogues.in. Check out more about our bureau/team here

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