
Incorporated in 2008, the company is a speciality chemicals manufacturer focused on cellulose-based excipients used in pharmaceuticals, food & beverages, cosmetics, and other industries. Key products include Sodium CMC, MCC, CMC Calcium, CCS, SSG, and SMCA, with Sodium CMC contributing 33.07% of FY25 revenue. It operates from facilities in Vatva (Ahmedabad) and Talod (Himmatnagar) with a 7,200 MT annual capacity, exporting to 15+ countries including the USA, Germany, UK, Japan, and China. Pharma contributed 67.41% of FY25 revenue, followed by food & beverages at 12.73%, while top 10 customers contributed 29.8% of revenue in FY25.
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Share allotment finalised
Refunds credited for non-allottees
Allotted shares credited to demat account
Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1600 | ₹134,400 | 1 | ₹134,400 | 1 lot only |
| HNI | 2 | 3200 | ₹268,800 | 2 | ₹268,800 | Min 2 lots |
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 3,493,976 | 29 | 0 | 0.00x | 100% |
| NII | 15% | 1,048,193 | 8.7 | 0 | 0.00x | 100% |
| Retail | 35% | 2,445,783 | 20.3 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).