
Basic Materials / Chemicals Manufacturing · NSE / BSE
Chemcon Speciality Chemicals Ltd, incorporated in 1988, is engaged in the manufacturing of specialised chemicals such as HMDS and CMIC, along with oilfield chemicals including calcium bromide, sodium bromide, and zinc bromide, pharma intermediates, silanes, and contract manufacturing services. Pharmaceutical chemicals form the largest part of its revenue, with key customers comprising Hetero Labs, Laurus Labs, Aurobindo Pharma, Lantech Pharmaceuticals, and Macleods Pharma, while in the oilfield chemicals segment it caters to clients like Shree Radha Overseas, Universal Drilling Fluids, and Water Systems Speciality. In 2018, the company ranked as the eighth-largest HMDS manufacturer and the second-largest CMIC manufacturer globally, highlighting its strong market position. Chemcon serves both domestic and international markets, exporting to countries such as the USA, China, Japan, UAE, Serbia, Russia, Malaysia, and Azerbaijan, and operates its manufacturing facility at Manjusar near Vadodara, Gujarat, which includes five production plants, three owned warehouses, and two leased warehouses.
Price Band
₹338 – ₹340
Issue Size
₹318 Cr
Lot Size
44 shares
GMP
+91.2%
Est. Listing
₹650
at current GMP
Subscribed
149.30x
overall
Open
21 Sep 2020
Close
23 Sep 2020
Allotment
29 Sep 2020
Refund
30 Sep 2020
Demat Credit
1 Oct 2020
Listing
1 Oct 2020
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹340
Band: ₹338 – ₹340
Estimated Listing Price
₹650
Upper price + GMP
Lot Size
44 shares
Min investment ₹14,960
Estimated Profit / Lot
₹13,640
44 × ₹310
Grey Market Premium trend
+₹310
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹310 | 91.2% | ₹650 |
| 30 Oct 2026 | +₹310 | 91.2% | ₹650 |
| 29 Oct 2026 | +₹279 | 82.1% | ₹619 |
GMP is unofficial market data. Not a guarantee of listing performance.
Chemcon Speciality Chemicals Limited is bringing an initial public offering (IPO) in the Basic Materials / Chemicals Manufacturing sector with an aggregate issue size of ₹318 Crores. The shares are offered at a price band of ₹338 to ₹340 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2020-09-23, the basis of allotment is scheduled to be finalized on 2020-09-29. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
The latest grey market premium for Chemcon Speciality Chemicals Limited IPO is ₹310, which indicates an expected listing price of ₹650.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.