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Chemcon IPO: Don’t confuse! Anil Singhvi explains who can subscribe to it and why


Chemcon IPO: The Rs 318-crore Initial Public Offer (IPO) of Chemcon Speciality Chemicals was subscribed 5.19 times on the very first day of bidding i.e. 21st September 2020. However, Zee Business Managing Editor Anil Singhvi has categorically said that the Chemcon Speciality IPO is suitable for those types of investors who have a high risk appetite. The Market Guru also said that those who are applying for the IPO should not hold it for long-term and book profit immediately after the listing gains.

Speaking on the Chemcon Speciality Chemicals IPO, Anil Singhvi said, “Chemcon Speciality Chemicals IPO will give listing gains to the investors but one should not hold it for long. Hence, it is not for those types of investors who buy an IPO and hold it for the three to five years. In short, one can say that those stock market investors who have low-risk appetite, should avoid subscribing to the Chemcon IPO.”

See Zee Business Live TV streaming below:

The Market Guru also said that this IPO is expected to give listing gains and hence, those who have a high risk appetite should go for it. But, Singhvi categorically advised them to book profit immediately after the listing gains.

See Zee Business graphic on Chemcon IPO below:

The price band for sale has been fixed at Rs 338-340 per share. The public issue consists of a fresh issue of Rs 165 crore and an offer for sale (OFS) of up to 45,00,000 equity shares.





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