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Survival Technologies files Rs 1000 crore IPO papers with SEBI

03 Jan 2023 Evaluate

Survival Technologies has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise as much as Rs 1000 crore through an initial public offering (IPO).

Proceeds from the issue worth Rs 175 crore will be utilised towards funding the working capital requirements of the company and other general corporate purposes. JM Financial and ICICI Securities are the book running lead managers to the issue. The equity shares are proposed to be listed on both the bourses -- NSE and BSE.

The Mumbai-based firm is a Contract Research And Manufacturing Services (CRAMS) focused speciality chemical manufacturer in India. It is one of the few speciality chemical manufacturers in India manufacturing select products from the heterocyclic and fluoro organic product groups for sale in domestic and in international markets.

Peers
Company Name CMP
BASF India 3693.20
Tata Chemicals 707.70
SRF 2474.05
Pidilite Inds. 1407.65
Deepak Nitrite 1645.15
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