According to the Draft Red Harring Prospectus (DRHP) filed on Friday, IPOs will be a new issue without any offer-for-cell component of equity shares.
Specialty Chemicals Company will pay Rs. 310 crore, Rs 65 crore to pay debt and the remaining funds plans to use the remaining funds to meet the general corporate costs.
The draft papers show that the company has a total of more than 200 crores by March 2025.
The company may plan to raise Rs 99 crore through pre-IPO placement. If carried out, the size of the fresh issue will be reduced accordingly.
Headquartered in Gujarat, Superit Chemicals Specialty is a chemical mediator manufacturer, with skills in handling more than 15 complex chemistry. Its products meet industries including fabrics, pharmaceuticals, performances, chemicals, personal care, agro-chemicals and others.
According to the F&S report, the global specialty chemical intermediates market was valued at $ 1,309 billion in 2024 and is projected to reach 1,802 billion D USS by 2029.
The APAC is ahead with 56 percent stake, followed by North America and Europe. The report noted that India, operated by demand and restricted supply, is expected to grow 10 percent CAGR (2025-2030).
IIFL Capital Services has been appointed lead manager to assist the company in its first public offering fur.
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