Safex Chemicals IPO Alert: Speciality chemicals company Safex Chemicals (India) plans to launch an initial public offering (IPO). The company has filed preliminary documents with the capital market regulator SEBI to seek approval to raise funds.
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Safex Chemicals IPO Alert Details & Types
According to the DRHP, the IPO comprises a mix of fresh issues of shares aggregating to Rs 450 crore and an offer for sale (OFS) of up to 35,734,818 shares by promoters, investors, and other selling shareholders.
Aim of the Safex Chemicals IPO Alert
The amount raised from the fresh issue will be used for debt repayment and general corporate purposes. Axis Capital, JM Financial and SBI Capital Markets have been appointed as merchant bankers to handle Safex Chemicals IPO.
Speciality Chemicals Company Business
Safex Chemicals (India) helps farmers increase crop productivity by providing a wide range of crop protection products. As of March 31, 2025, the company had operations spread across 22 countries. It has 7 manufacturing units in India and 1 in the UK.
Company’s Financial Status
The operating income of Safex Chemicals grew by 12.83 per cent to Rs 1,584.78 crore in the last FY 2024-25 from Rs 1,404.59 crore in the FY 2023-24. The company has reported a loss of Rs 14.3 crore for the year ending March 2025, narrowing from a loss of Rs 22.8 crore in the previous year.
Chris Capital’s investment: Let us tell you that Chris Capital invested in the company in March 2021 and September 2022 and holds 44.80 per cent of the equity share capital. Safex Chemicals may consider raising Rs 90 crore in pre-IPO planning. If such placement is completed, the size of the new issue will be reduced.
Safex Chemicals has submitted draft documents to SEBI for an initial public offering (IPO) valued at ₹450 crore. #StockMarket #SafexChemicals #IPO pic.twitter.com/yHTorm9hv4
— pH Financial News India (@pHfinancialnews) July 6, 2025
About the Company
- Safex Chemicals, incorporated in 1991, operates in 3 business segments: Branded Formulations, Speciality Chemicals and Contract Development and Manufacturing (CDMO), which provides services to the agrochemical sector.
- Competitor Companies It competes with listed competitors such as Safex Chemicals, Bayer CropScience, Sumitomo Chemical, Rallis India, Dhanuka Agritech, Navin Fluorine International, Viniti Organics, PI Industries and Anupam Rasayan.
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