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Dorf-Ketal Chemicals India Files For ₹5,000 Crore IPO

27 Jan, 2025

Dorf-Ketal Chemicals India Ltd has submitted preliminary documents to the Securities and Exchange Board of India for an initial public offering ( IPO ). The IPO will include a fresh issuance of equity shares worth ₹ 1, 500 crore and an offer for sale ( OFS ) of $ 2.5 billion. The company 's recent acquisitions include Texas-based Impact Fluid Solutions LP in June 2024 and Canada ’s Fluid Energy Group 's global modified and synthetic acid business in January 2023. As of October 31 , 2024 , its client base included Reliance Industries , Petronas , Indian Oil Corporation , PPG Industries , Clariant , Liberty Energy , Italiana Petroli , and Vedanta , with 1, 322 customers recorded during the six months ending September 2024.

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