Market Chemcon Speciality Chemicals' shares settle 20% lower on profit-booking; lists 115% premium over issue price Updated : October 01, 2020 04:02 PM IST The funds raised from the fresh issue will be utilised to meet the working capital requirement, CAPEX towards the expansion of manufacturing facility and general corporate purposes. The specialty chemical maker's IPO was subscribed 149 times on its final day of bidding (September 23). Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.