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Safex Chemicals (India) gets SEBI’s nod for IPO

23 Oct 2025 Evaluate

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.


Peers
Company Name CMP
UPL 644.05
PI Industries 3045.85
Bayer CropScience 4704.95
Sharda Cropchem 1038.75
Sumitomo Chemical 448.75
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