Survival Technologies Receives SEBI Approval for IPO Launch
Survival Technologies Ltd has entered SEBI’s blessing to raise Rs1,000 crore through an original public immolation (IPO). The company filed primary IPO papers with the request controller on December 28, 2022. The public issue consists of a fresh issue of equity shares worth up to Rs200 crore and an offer- for- trade (OFS) of over to Rs800 crore with a face value of Rs2 per equity share. protagonist and dealing shareholders comprise up to Rs544.41 crore by Vijaykumar Raghunandanprasad Agrawal, Rs212.41 crore by Nimai Vijay Agrawal, and Rs43.18 crore by Prabha Vijay Agarwal.
The company may also consider a pre-IPO placement of specified securities for cash consideration in discussion with the lead bankers and if it’s completed, the issue size will be reduced consequently. The proceeds from the IPO worth Rs 175 crores will be used towards funding its working capital conditions and general commercial purposes, according to the company. JM Financial Limited and ICICI Securities Limited are the book- running lead directors and Link Intime India Private Limited is the register of the issue.
Survival Technologies Ltd is a contract exploration and manufacturing services (“CRAMS”) with a focus on thing chemical manufacturers in India. It’s one of the many things chemical manufacturers in India manufacturing select products from the heterocyclic and fluoro organic product groups for trade in India and encyclopedically, according to DRHP.
Its crucial guests include transnational pots similar as Evonik diligence AG (“Evonik”), Chori Co. Limited (“Chori”), BioSpectraInc. (“BioSpectra”), LBB Fortes, Procos, MOEHS Iberica,S.L, Sumitomo Corporation, Replicas USA, LLC, Alzchem Trostberg GmbH and domestic companies similar as Lee Pharma Limited, MSN Laboratories Private Limited, Sai Life science Limited, and Dr Reddy’s Laboratories. As of June 30, 2022, it had served 201 guests.
About Survival Technologies Ltd
Survival Technologies was established with the primary objective of delivering exceptional quality products and services to our esteemed clients. We have earned a prominent position in the industry by providing intermediates and specialty chemicals to some of the most renowned corporations worldwide, leveraging on our experience spanning several decades.
Our driving force has always been our unwavering passion for research and development, which has led us to invest extensively in R&D. We have devoted significant resources towards developing compounds that are rare and difficult to source, and have set up two independent R&D centers to achieve this goal. Our dedicated R&D teams are constantly working on innovative products that find applications across diverse industries. Our products are the culmination of years of hard work and innovation, and our pursuit of excellence remains unrelenting.
As a global enterprise, we are firmly focused on the international market and are dedicated to becoming the preferred supplier for our customers. Our products are exported to more than 30 countries and are used in a variety of applications, including Pharmaceuticals, Agro, Electronics, Polymers, Performance Chemicals, Specialty Chemicals, and more.
Looking ahead to 2030, we aspire to be recognized as a leading, sustainable, and successful chemistry company on a global scale. Our reputation will be built upon our unwavering commitment to delivering high-value products and services with excellence. To support our continued growth and success, we will foster organizational agility through a robust and globally integrated organic growth platform that leverages key technology alliances.
Vision & Mission
Our vision is to be an industry leader in providing innovative and hard-to-source niche products that exceed our customers’ expectations. We are committed to becoming a world-class supplier of chemicals and R&D services, with an unwavering dedication to quality, safety, and environmental responsibility. Our core values of Innovation, Quality, Safety, and Environment will guide us as we pursue this vision.
Our mission is to build lasting relationships with our customers by developing and delivering products that enable resource-efficient chemical synthesis, while reducing energy consumption, CO2 emissions, and waste production across a range of attractive markets. We are deeply committed to achieving ambitious sustainability goals and driving positive environmental outcomes through our business activities.