BSE SME Chemkart India crawls higher on debut, lists at slight premium
The scrip was listed at Rs 250, a premium of 0.81% compared with the initial public offer (IPO) price. The stock is currently up 3.20% over its listing price.
The counter hit a high of Rs 262 and a low of Rs 250. About 11.56 lakh shares of the company changed hands at the counter.
Chemkart India's IPO was subscribed 5.56 times. The issue opened for bidding on 7 July 2025 and it closed on 9 July 2025. The price band of the IPO was set at Rs 236 to Rs 248 per share.
The IPO comprised 32,29,200 equity shares, including a fresh issue of upto 26,00,000 equity shares and offer for sale (OFS) of upto 6,29,200 equity shares.
The company intends to utilize the net proceeds to finance capital expenditures for setting up the manufacturing facility through investment in its wholly-owned subsidiary (WOS), Easy Raw Materials, repayment or prepayment of all or certain borrowings availed by the company and for general corporate purposes.
Ahead of the Chemkart India on 4 July 2025, raised Rs 22.60 crore from anchor investors. The board has allotted 9.11 lakh shares at Rs 248 per share to 14 anchor investors.
Chemkart India is a one-stop destination for various nutritional, health, and sports supplement products, primarily focused on food products that provide health benefits in addition to their nutritional value. This reflects its ability to cater to both the nutritional and health needs of end customers. The company is based in Mumbai and offers a diverse range of captivating nutritional supplements and components. It offers products across seven categories: amino acids, health supplements, herbal extracts, nucleotides, proteins, sports nutrition, and vitamins. As of 31 March 2025, the company had 40 employees.
The company recorded revenue from operations of Rs 203.28 crore and net profit of Rs 24.26 crore for the period ended 31 March 2025.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
20 minutes ago
- New Indian Express
Teynampet-Saidapet flyover is TN's costliest at Rs 195 crore per km
Soil stabilisation, utility relocation jacked up cost Following the awarding of contract in November-December 2023, civil works of the project, executed by J Kumar Infraprojects, began in January 2024. The new four-lane elevated corridor aims to reduce the travel time between Teynampet and Saidapet on Anna Salai from 40 minutes to just 10 minutes, while easing congestion at seven key intersections — Eldams Road, SIET College Road, Cenotaph Road, Nandanam, CIT Nagar, CIT Nagar 1st Main Road (towards T Nagar), and Jones Road. This section of the arterial Anna Salai handles 2.45 lakh passenger car units per day. A senior highways official attributed the high cost of the Teynampet-Saidapet project to several critical factors such as soil stabilisation challenges requiring micro-piling (since shallow foundations prevented conventional piling), extensive utility relocations in a densely-congested area, and advanced construction techniques to minimise pillar loads and safeguard the underground metro tunnel. 'Soil stabilisation was achieved using geosynthetic materials like geogrids and geocells, among other solutions,' stated an official document released by the state highways department. The Teynampet-Saidapet metro line runs 17-18 metres beneath Anna Salai. The highways have drilled up to 7 metres from the road surface to lay the flyover's foundation. The elevated road spans 2.4 km directly above the metro line, including 460 metres over the Nandanam and Teynampet stations, and 655 metres along the non-metro stretch (excluding entry and exit ramps). In total, 69 pillars are being erected above the metro line, 22 on the non-metro stretch, and 41 portal frames covering the 460 metres over the two stations. As of July, about 30% of the work has been completed, according to official documents. Industry sources said NHAI projects, typically executed under Public-Private Partnership (PPP) mode, are usually more expensive than state highways projects, which are entirely government-funded. 'The estimation of state highways and NHAI projects are arrived at with an anticipation that materials, labour and other expenses will go up by 5% to 7% every year. By all measures, the cost of the state highways project ought to be lower than that of the NHAI unless it's being executed under exceptional conditions,' sources added. Even after accounting for inflation and price escalation, the proposed 18.5 km six-lane elevated corridor between Kilambakkam and Maraimalainagar, with entry and exit ramps at three locations, is estimated to cost Rs 3,450 crore, averaging Rs 188 crore per km. Likewise, two upcoming six-lane elevated corridor projects of NHAI – from Maduravoyal to Outer Ring Road and from ORR to Sriperumbudur, scheduled for award in 2025-26 – are projected to have an average cost of Rs 160 cr/km.
Hans India
20 minutes ago
- Hans India
Farmers left high & dry amid acute urea shortage in Bhadradri
Kothagudem: Althoughthe state government had flagged the sharp shortfall in urea supply to the state and the Centre has since claimed that 'adequate' urea is being supplied to Telangana, the ground reality is pathetic in Bhadradi, where farmers a facing a double whammy. The monsoon has played truant in Bhadradri Kothagudem, where rainfall in June stood at 134.4 mm, against the expected 169.1 mm — a 20% shortfall. Although July saw surplus rainfall, it was unevenly spread and provided little relief to most farmers. That apart, right in the district's heartland and elsewhere an acute shortage of urea is pushing farmers to the brink. The district has over 2.08 lakh acres under cotton cultivation and more than 12,000 acres under paddy. With the Kharif season in full swing, farmers were expecting timely rainfall and adequate fertiliser supplies. However, both have fallen short of the requirement. The district requires 30,277 metric tonnes (MT) of urea by August, but only 19,202 MT have been supplied so far. Of this, 16,786 MT have been distributed, while 3,166 MT remain locked away with private dealers selling them at a premium— raising serious questions over supply chain transparency and accountability. Scenes of desperation are playing out daily at primary agricultural society godowns and dealers' shops. Farmers are queuing up before dawn, hoping to get their hands on just a couple of urea bags. In many mandals, godowns are located miles away, forcing small and marginal farmers to spend avoidable extra on transport — often Rs. 50 per bag just, apart from auto fares. The other option is worse: 'We can't afford to wait in line for hours, only to be told 'stock is over'. If we go to private dealers, they charge Rs. 350 or more per bag,' laments Satish, a farmer from Rampuram. 'Cultivating cotton without urea at this stage is unthinkable.' Amid spotty monsoon rains, nutrient support becomes even more vital. Although the Agriculture Department claims 'there is no shortage', officials quietly admit in confidence that 'at least 10,000 MT more urea is needed immediately'. What is galling is that, some large farmers are allegedly hoarding stock by leveraging their influence at cooperative societies. This way, small farmers are being elbowed out by biometric systems and unwarranted delays in distribution. When contacted, District Agriculture Officer V. Baburao said, 'We are conducting inspections and have warned dealers against overpricing. Nano urea is also being promoted as an alternative, though farmers remain hesitant. Another 10,000 MT of urea is expected soon.' All told, hope is wearing thin for most farmers. Paddy fields are drying up, and cotton crops are showing stunted growth. As the Kharif season enters a critical phase, farmers are demanding immediate government intervention, transparent distribution of fertilisers, and strict action against black marketing. As of now, the fields of Bhadradri are parched, abandoned by the very systems that are meant to sustain them.
Indian Express
20 minutes ago
- Indian Express
Tribunal sets aside DRI order confiscating 8000 kg shark fins seized for ‘illegal export'
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) earlier this month set aside 2019 order of Directorate of Revenue Intelligence ( DRI) that confiscated over 8000 kg of shark fins worth over Rs. 55 crore for their alleged illegal export in the international market, to China, Vietnam and Hong Kong. The tribunal found no merit in the DRI order and concluded that shark fins were not liable to be confiscated as there was no attempt to export the same, therefore the order passed by Additional Director General (Adjudication), DRI, Mumbai, imposing Rs. 7 crore penalty on the proprietor cannot be sustained. The officers of Mumbai Zonal Unit of DRI had on September 1, 2018 conducted a search on office premises of the appellant firm Global Impex Trading and had recovered over 8000 kgs of shark fins. Shark finning involves removal of fins from sharks, when the shark is alive and thereafter they are discharged into the ocean. The central government in 2015 prohibited export of shark fins and the Central Environment Ministry had prohibited removal of shark fins on board a vessel in the sea, stating that possession of shark fins not naturally attached to shark's body amounted to hunting. The CESTAT coram of SK Mohanty (Judicial member) and MM Parthiban (Technical member) on August 8 passed an order on plea by Global Impex Trading, a firm indulged in the business of export of fish and other marine products, seeking direction to quash and set aside October 21, 2019 order that ordered confiscation of over 8000 kg of shark fins stored at Mumbai and Verawal, Gujarat. The said order had a redetermined the value of 2961 kg of shark fins as Rs. 20.54 crore and that of 5061.88 kg of shark fins as 35.12 crore. The DRI had also imposed a penalty of Rs. 7 crore on the firm. Aggrieved by the same, the firm approached the Appellate Tribunal with an appeal challenging the 2019 order. Advocates Ramchandra Mattiyil and Ashmita Kurulekar for Global Impex argued that while the DRI had proceeded based on statements of the proprietor M Sharafat Ali and other employees of the firm recorded by the agency, they had retracted the said statements before the Magistrate court, stating that they were recorded by DRI officers by using threat and coercion and were not given voluntarily, therefore the same cannot be accepted. The firm further argued that storage or trading of shark fins in the domestic market is not prohibited by law and the department proceeded on assumption that the appellant firm was attempting to export the same and the same was incorrect. The appellant firm argued that that no contracts were entered into between the appellant and the overseas buyers, therefore, charges levelled in the impugned order could not be sustained. The CESTAT held, 'We find that the department had not brought on any iota of evidence to prove their case that the appellant had intended to export the shark fins….In absence of any corroborative evidences, redetermination of value, that too at a much higher price in the impugned order, in our considered view, is contrary to Customs Valuation (Determination Of Value Of Export Goods) Rules 2007 read with Section 14 of the Customs Act, 1962. The Tribunal, allowing the appeal concluded that 'the shark fins were not liable for confiscation inasmuch as there was no attempt to export the same by the appellant, therefore the impugned order deserved to be set aside.'
