Chemplast Sanmar makes flat market debut, lists at 3% discount

Chemplast Sanmar made a flat debut on the stock market on Tuesday and listed at a 3 per cent discount on its issue price.

Speciality chemical company Chemplast Sanmar made a flat debut on the stock market as its shares got listed at a discount of 3 per cent to the issue price of Rs 541. The Chennai-based company’s shares got listed on the Bombay Stock Exchange (BSE) at Rs 525 and Rs 500 on the National Stock Exchange (NSE). However, the shares of the company recovered at around 12:20 pm and are now trading marginally higher than the issue price on the BSE and NSE.