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Chemco Plastic Industries Plans ₹1,500 Crore IPO for Expansion
Chemco makes plastic packaging such as bottles, caps, jars and films.
Its customers include Coca-Cola, PepsiCo, Bisleri and many other large companies.
The company is reportedly planning to sell shares to the public through an IPO.
The IPO could be worth about ₹1,500 crore.
Some of the shares would be newly issued, while other shares would be sold by existing shareholders.
Chemco plans to use money from the new shares to buy equipment and reduce debt.
The company operates in India and West Asia.
Its operating income and profit increased in FY25.
Investment banks are helping advise Chemco on the proposed IPO.
Chemco Plastic Industries is reportedly planning an IPO worth about ₹1,500 crore.
The issue is expected to combine fresh shares with an offer for sale.
Fresh-issue proceeds would fund capital expenditure and reduce debt.
Chemco supplies packaging products to Coca-Cola, PepsiCo, Bisleri and other major brands.
Chemco Group reported ₹939 crore in FY25 operating income and ₹61.9 crore profit after tax.
- Who
- Chemco Plastic Industries, led by managing director Vaibhav Saraogi, is planning the proposed issue.
- What
- The company is reportedly preparing an IPO of about ₹1,500 crore, combining fresh shares and an offer for sale.
- Where
- Chemco operates across 23 locations in India and West Asia, with manufacturing facilities in India, the United Arab Emirates, Bahrain and Saudi Arabia.
- When
- The articles do not specify when the IPO will launch; the plan is described as proposed.
- Why
- Fresh IPO proceeds are expected to support capital expenditure and debt reduction, helping fund expansion and strengthen the balance sheet.
Key facts
- Proposed IPO size
- About ₹1,500 crore
- Issue structure
- Fresh equity issuance and an offer for sale
- Planned use of fresh proceeds
- Capital expenditure and debt reduction
- IPO advisers
- Equirus, Axis Capital and 360ONE
- FY25 operating income
- ₹939 crore, up from ₹768 crore
- FY25 profit after tax
- ₹61.9 crore, up from ₹52.3 crore
- Annual polymer processing
- More than 1.25 lakh tonnes
Sources
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