Sharda Cropchem (SCL) has an asset light business model, primarily into marketing and distribution of agrochemicals globally. It is bringing the issue at price band of Rs 145-156 a share.

Commenting on the above, ICICIdirect said "At the upper price band of Rs 156, the company is available at a P/E of 13.2x on FY14 EPS. We reiterate that this issue is essentially an offer for sale wherein no proceeds from the issue will be ploughed back in the company. We recommend Subscribe on the issue for listing gains."

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