Agrochemicals firm Sfex Chemical substances (India) has submitted draft papers close to the Capital Market Regulator SEBI for its public difficulty. Presently, promoters maintain a 54.3 p.c stake within the firm. On the similar time, non-public fairness agency Criscapital has 44.80 p.c shareholding via its entities- Sarcolin, Anchor Companions and SEZ Funding Belief. New shares value Rs 450 crore can be issued in IPO. Additionally, the supply of three.57 crore shares from the present shareholders can be on the market (offs). Together with the promoters of the corporate in Oss, these entities may even promote shares. Seafex chemical substances can elevate as much as Rs 90 crore earlier than IPO. If this occurs, the dimensions of the problem of recent shares within the public difficulty can be diminished. How outdated is the corporate associated to the corporate associated to the corporate, this firm began in 1991. It operates in 3 enterprise verticals- branded formulation, specialty chemical substances, and contract growth and manufacturing organizations (CDMO). The corporate’s listed competitions embody Bayer Crop Science, Sumitomo Chemical, Ralis India, Dhanuka Agitech, Naveen Worldwide, Vinati Organics, PI Industries and Anupam Chemical substances. IPO This Week: 5 new IPOs, 9 firms, 9 firms together with Journey Meals Providers within the week from 7 July. How the cash can be used, the corporate will use Rs 365.6 crore out of the cash to be obtained by releasing new shares in its IPO. The remainder of the cash can be spent for regular company functions. As of April 2025, there was a complete borrowing of Rs 889 crore on Safex Chemical substances and its subsidiaries. Sefex Chemical substances recorded a lack of Rs 14.3 crore in FY 2024-25. The deficit was Rs 22.8 crore a 12 months in the past. Income rose 12.8 p.c to Rs 1,584.8 crore, which was 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. Disclaimer: Right here data offered is being offered right here just for data. It’s needed to say right here that the funding market available in the market is topic to dangers. At all times seek the advice of specialists earlier than investing cash as an investor. There may be by no means recommendation to anybody to take a position cash on behalf of Moneycontrol.
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