Chemcon Speciality Chemicals Sets IPO Price Band at Rs 338-340 a Share; Issue to Open on September 21

The company intends to utilise the net proceeds from the fresh issue to meet capital expenditure for the expansion of its manufacturing facility, fund working capital requirements and general corporate purposes. The Vadodara-based company has long standing relationships with its key customers including Laurus Labs Ltd, Aurobindo Pharma Ltd, Ind-Swift Laboratories Ltd. It exports products to global markets covering the US, Germany, Italy, South Korea, Japan, the United Arab Emirates, Serbia, Russia, Spain, Thailand and Malaysia.

Intensive Fiscal Services and Ambit Capital are the book running lead managers to the issue.

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