Safex Chemicals (India) has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise funds through initial public offering (IPO). The IPO is a mix of fresh issue of shares worth Rs 450 crore and an offer-for-sale of over 3.57 crore shares by promoters, investors and other selling shareholders.
Proceeds from the fresh issue will be used for debt payment and general corporate purposes. Axis Capital, JM Financial and SBI Capital Markets are the book-running lead managers to the issue. Equity shares are proposed to be listed on the NSE and BSE.
Incorporated in 1991, Safex Chemicals (India) operates in three business verticals--branded formulations, speciality chemicals and contract development and manufacturing (CDMO). It serves farmers to help increase crop productivity by providing a wide range of crop protection products.
| Company Name | CMP |
|---|---|
| UPL | 644.05 |
| PI Industries | 3045.85 |
| Bayer CropScience | 4704.95 |
| Sharda Cropchem | 1038.75 |
| Sumitomo Chemical | 448.75 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: