First Water took a new position in IG Petrochemicals Limited with 3,56,883 shares, representing a 1.16% stake, valued at approximately ₹15.27 Cr.
A manufacturer of specialty chemicals, I G Petrochemicals produces Phthalic Anhydride, Maleic Anhydride, and Benzoic Acid, which serve as essential raw materials for downstream industries. These compounds are widely used in the production of dyes, polyester resins, plasticizers, and other chemical products. Established in 1988, the company operates as a key supplier in India's commodity chemicals sector, serving both domestic and export markets.
India-focused and FPI co-founded by Arun Chulani (CA, MSc LSE, ex-Ikarus Petroleum) and Ricky Kirpalani. Concentrated long-only value strategy holding 15 to 18 stocks for 5 to 7 year horizons. Patient capital with a Buffett-style preference for moaty Indian businesses available at sensible prices.
