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.