&w=3840&q=100)
Chemkart India IPO opens on July 7: Check price band, GMP, key dates, more
Here are the key details of Chemkart India IPO:
Chemkart India IPO price band, lot size
Chemkart India has set the price band for its IPO in the range of ₹236 to ₹248 per equity share. The minimum lot size for an application is 600 shares. A retail investor would require a minimum investment amount of ₹2,97,000 to bid for at least two lots at the upper end price. The minimum investment required for high net-worth individuals (HNIs) is ₹4,46,400 for three lots.
Chemkart India IPO key dates
According to the RHP, the three-day subscription window will tentatively close on Wednesday, July 7, 2025. The basis of the allotment of shares is likely to be finalised on or before Thursday, July 10, 2025. Shares of Chemkart India will be listed on the BSE SME platform, tentatively on Monday, July 14, 2025.
Chemkart India IPO registrar, lead manager
Bigshare Services is the registrar of the issue. Smart Horizon Capital Advisors is the sole book-running lead manager.
Chemkart India IPO objective
According to the red herring prospectus (RHP), the company plans to use the net fresh issue proceeds for setting up a manufacturing facility through investment in the wholly-owned subsidiary, Easy Raw Materials, and repayment of certain borrowings. The remaining funds will be used for general corporate purposes.
Chemkart India IPO GMP
The unlisted shares of Chemkart India were trading flat at ₹248, the upper price band as of 3 PM on Friday, according to sources tracking unofficial market activities.
About Chemkart India
Incorporated in 2020, Mumbai-based Chemkart India provides nutritional, health and sports supplement products. It offers products across mainly seven product categories, including Amino Acids, Health Supplement, Herbal Extract, Nucleotide, Protein, Sports Nutrition, and Vitamin.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NDTV
30 minutes ago
- NDTV
Ultratech Under Scanner In Cement Cartelisation Case
New Delhi: Fair trade regulator CCI has directed Aditya Birla firm UltraTech, which now owns south-based cement firm India Cements, along with two other makers, and their executives to submit financial documents after its Director General in its investigations found contravention of competition norms. The Competition Commission of India (CCI) has also directed Dalmia Bharat Cements and Shree Digvijay Cements to submit their audited financial statement, including balance sheet and profit and loss account, within eight weeks of the order. It has directed UltraTech to submit the financial statements of its subsidiary India Cements for five years from FY15 to FY19, while Dalmia Bharat Cements and Shree Digvijay Cements for nine years, from FY11 to FY19. Besides, CCI has also directed their executives to submit detailed financials and income tax records for five years, along with formal responses to the investigation report. An email sent to UltraTech Cements and Dalmia Cement Bharat remained unanswered till the time of filing the story. The CCI direction came over a complaint filed by ONGC alleging cartelisation in its tenders. Following this, the fair trade regulator had on November 18, 2020, directed its probe unit Director General to look into the issue. The DG had submitted the report of its investigation on February 18, 2025, in which it found contraventions of the competition regulations. It had found that Ultratech's subsidiary India Cements, along with Shree Digvijay Cement and Dalmia Cement, with a middleman named Umakant Agarwal, engaged in anti-competitive collusion. Later, CCI on May 26, 2025, considered the investigation report and in a four-page order also directed the cement manufacturer to submit income derived from sales to alleged contraventions by the PSU. The CCI notice also mentioned if there is non-furnishing of the financial details or incomplete/false information, within the time frame by the companies, then they would be liable under section 45 of the Act. Earlier, in December 2024, UltraTech Cements had acquired 32.72 per cent stake from promoters and promoter group entities of India Cements Ltd. The Aditya Birla Group firm, which already had acquired a 22.77 per cent stake from the market, became the promoter of the Tamil Nadu-based company.
Time of India
40 minutes ago
- Time of India
Second-hand car prices in Delhi drop due to restrictions on end-of-life vehicles, says trade body
Prices of second-hand cars in the national capital have witnessed a sharp fall in recent days, with traders reporting a decline of 40 to 50 per cent, the Chamber of Trade and Industry (CTI) said on Friday. CTI Chairman Brijesh Goyal said the market for overage vehicles in Delhi has been severely affected, with nearly 60 lakh vehicles impacted by the sudden downturn. He attributed the price crash to restrictions related to End-of-Life (EOL) vehicles, which have crossed the permissible age limit for operation in Delhi. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Here's how to re-clean your gas burner in 1 minute! The Travel Breeze Undo Goyal, who is also an automobile businessman, claimed that traders are being forced to sell cars at significantly lower prices. "In the last five days, the prices of second-hand cars have dropped by 40 to 50 per cent. Businessmen in Delhi are now compelled to sell vehicles at one-fourth of their original price," he said. Live Events He said that second-hand cars from Delhi are usually sold in Punjab, Rajasthan, Uttar Pradesh, Bihar, Tamil Nadu, Karnataka and Kerala. However, the demand from outside states is now accompanied by aggressive bargaining. "Luxury used cars that earlier fetched Rs six to seven lakh are now being sold for barely Rs four to five lakh. Buyers from other states are aware of the challenges faced by Delhi-based traders and are negotiating accordingly," Goyal said. He further added that over 1,000 traders in areas like Karol Bagh, Preet Vihar, Pitampura, and Moti Nagar are involved in the business of selling second-hand vehicles. Car dealers have also raised concerns over difficulties in obtaining the No Objection Certificate (NOC) from the Transport Department, which is required to sell used vehicles in other states. Earlier, the process was relatively smooth, but now traders say they are facing delays and complications. The Delhi government had banned fuel for end-of-life vehicles -- 10 years or older for diesel vehicles and 15 years or older for petrol vehicles -- that are deregistered and not allowed to ply on the roads from July 1, following a court order. However, on Thursday, the government requested the Commission for Air Quality Management (CAQM) to put the ban on hold with immediate effect, arguing that the fuel ban on overage vehicles is not feasible due to technological challenges.
Mint
an hour ago
- Mint
Interim order against Jane Street not show cause notice, investigations to continue: SEBI sources
Mumbai (Maharashtra) [India], July 4 (ANI): The interim order against the index manipulation matter concerning Jane Street Group, on which the markets regulator passed an order to recover ₹ 4,843.57 crore, should not be considered a show cause notice, SEBI sources said, adding that the investigations into the US-based investment firm will continue. "This interim order is not a Show Cause Notice, and it clearly indicates that investigations into Jane Street will continue. This interim order has only looked at the 18 major days of prima facie BANKNIFTY index manipulation on expiry day during the examination period (January 2023 to March 2025), and 3 days of NIFTY index manipulation on expiry day during May 2025," sources said Sources added that investigations into other expiry days, other indices (including across exchanges), and other potential patterns besides the two highlighted in the order will need to continue. "It is difficult to estimate how long all this could take - the scope is quite large," the sources asserted. Further, the sources said there should not be any major market impact from this enforcement action against the Group. "In any case, delta-based (future equivalent) limits are now in place in index options, to curtail excessive risk taking without impacting regular participants. In the long run, the growth in market confidence, and a free and fair market, should aid responsible investing and capital formation," the sources supplemented. Better enforcement of existing regulations can in fact pave the way for optimal regulation, they asserted. On the flip side, they argued more regulations cannot make up for poor enforcement. The sources reassured that the markets regulator will continue to monitor Indian F&O markets from the perspective of ensuring investor protection, market stability, and support for sustained capital formation. "While retail participation in index options trading on expiry day has moderated somewhat in recent times, around 90 per cent of them continue to lose money. There appears to be still too much of concentration in short-term expiries and short-term trading. Extending maturities and nudging more long-term trading, hedging, and investments would be ideal for our ecosystem," the sources noted. SEBI in its 105-page interim order noted that the Group used a profit maximising scheme to manipulate the market and booked substantial profits in index options, while incurring smaller losses in the cash and futures segments. SEBI interim order further stated that Jane Street Group entities, despite caution letters from NSE in February 2025 and their own commitments to refrain from certain trading behaviours, continued to deploy the same high-risk and market-distorting strategies. (ANI)
