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Gujarat-based Supreet Chemicals has filed its draft papers with SEBI for a ₹499 crore IPO.
The deets: the proceeds from the IPO will primarily fund a new manufacturing facility, giving Supreet the ability to expand capacity and cater to rising demand. A portion of the funds will also be used to repay loans, strengthening the company’s balance sheet.
Why it matters: specialty chemicals are vital inputs for industries like pharma, agrochemicals, and textiles. With India pushing to strengthen its chemical supply chain, Supreet’s IPO comes at a time when global players are looking to diversify away from China.
Zoom out: India’s specialty chemicals sector has been seeing steady inflows from both investors and corporates, as it’s considered a high-growth segment with export potential. Supreet’s IPO reflects this broader industry trend of companies tapping capital markets to scale quickly and reduce debt.
