SYENSQO IPO: Date, Price, Allotment, Best Details 2023

SYENSQO IPO:

On December 4, 2023, SYENSQO, a well-known producer of specialty chemicals, is scheduled to begin its initial public offering (IPO). Through the IPO, the company hopes to raise Rs 1,000 crore, which it would use to finance its R&D efforts and increase its manufacturing capacity.

IPO Date

The IPO will open for subscription on December 4, 2023, and close on December 6, 2023.

IPO Price

The price band for the IPO has been set at Rs 120-130 per share.

Allotment Details

The allotment of shares will take place on December 11, 2023. The listing of shares on the BSE and NSE is expected to take place on December 14, 2023.

About SYENSQO

SYENSQO is a prominent producer of specialty chemicals that find application in diverse areas such as personal care, agrochemicals, and pharmaceuticals.

The business has a proven track record of expansion and financial success. SYENSQO declared a 500 crore rupee turnover and a 100 crore rupee net profit for the fiscal year 2022.

IPO Highlights

• Strong track record of growth and profitability
• Experienced management team
• Diversified product portfolio
• Expanding manufacturing capacity
• Strong R&D capabilities

IPO Risks

• Economic downturn
• Industry-specific risks
• Competition from other players

Conclusion

For investors with a lengthy investing horizon, the SYENSQO IPO is an excellent chance. The business has a solid track record of profitability and growth, and it is in a good position to take advantage of the rising demand for specialised chemicals.

Investors should be mindful of the risks connected to the IPO, including the potential for an economic downturn, risks unique to the industry, and competition from other market participants.