Chemical companies cook up IPOs

摘要

Indian speciality chemical companies are lining up IPOs totalling around Rs41.9bn (US$575m) to take advantage of the positive outlook for the sector. CLEAN SCIENCE AND TECHNOLOGY and INDIA PESTICIDEs have mandated banks for respective IPOs of Rsl2bn and Rs7.3bn. Axis and JM Financial are working on the India Pesticides IPO and are also lead managers on the Clean Science deal along with Kotak. Both companies aim to file in the first quarter and launch the deals this year.