September 8, 2025, Bengaluru: Supreet Chemicals Limited, a speciality chemical intermediates manufacturer, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO).
The Company is one of the few specialty chemical intermediates companies which has competencies in handling complex reactions, including more than 15 chemistries and up to 15 multi-step unit operations and processes, which enables them to cater to the requirements of a wide range of end-products and applications. It is also one of the leading manufacturers of certain specialty chemical intermediates such as MCA, Sulphonamides, and NAPSA, based on Aromatic Amines, Sulphonamides, and Amino Phenols families. (Source: F&S Report).
The Company plans to raise funds through IPO, comprising of fresh issue of equity shares aggregating up to ₹499 crore.
The net proceeds are proposed to be utilized towards (a) Financing capital expenditure for Manufacturing Facility 4, estimated to be ₹310 crore; Repayment/prepayment of certain borrowings estimated to be ₹65 crore and balance towards General corporate purposes.
The company specializes in manufacturing specialty chemical intermediates with strong expertise in handling complex chemistries and multi-step unit operations. Its products serve diverse end-use industries, including textiles, pharmaceuticals, performance chemicals, personal care, agrochemicals, and others.
For FY 2025, the company reported a profit growth of 103%, rising to ₹51.9 crore from ₹25.6 crore in the previous year. Revenue during the same period grew 51.2% to ₹362.5 crore, compared to ₹239.8 crore in FY 2024.
According to DRHP, Deepak Nitrite, Aarti Industries, Atul, Balaji Amines, Alkyl Amines Chemicals, Neogen Chemicals, and Rossari Biotech are the listed peers.
IIFL Capital Services Limited is the sole Book Running Lead Manager to the issue.
