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Chemplast Sanmar IPO: Chemplast Sanmar subscribed 30% so far on Day 3; GMP shrinks

Chemplast Sanmar IPO: Chemplast Sanmar has a negative net worth Should you apply for its IPO?

Chemplast Sanmar, which is coming with its IPO nearly a decade after delisting from bourses, is offering its shares at 21 times its adjusted FY21 EPS of Rs 26. Analysts say one should be cautious on the issue and not rush to subscribe to it.

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