Based on the company’s IPO registration obtained by reporters over the weekend, DL Industries is planning to offer 160.714 million shares as overallotment, equivalent to a maximum aggregate price of P940,176,900.00.

Maybank ATR Kim Eng Capital Partners, Inc., which will act as lead international and domestic underwriter, issue manager and sole bookrunner for the transaction, may opt to exercise the overallotment option 30 days from the company’s listing date given its role as stabilizing agent, the document read.

Last Thursday, DL Industries — which owns 34% of listed Chemrez Technologies, Inc. — announced that it has already filed with the Securities and Exchange Commission (SEC) its IPO registration statement containing a plan to sell 1,071,429,000 billion primary shares priced at P5.85 apiece in order to raise P6.3 billion in net proceeds.

This figure represents as much as 30% of the company’s outstanding capital, the company noted.

Proceeds from the firm’s planned maiden offering will be earmarked for “investments and acquisitions, for the payment of financial obligations, and for general corporate purposes,” DL Industries said.

DL Industries, which began operations in 1963 by outsourcing and supplying colorants and color-matching services, is the parent of Chemrez Technologies, Inc., a listed chemical firm, based on the company’s Web site.

Upon its incorporation in 1971, DL Industries diversified into manufacturing, marketing, and distributing of other chemicals and additives.

Currently, DL Industries owns specialty fats and oils maker Oleo-Fats, Inc., plastics manufacturers First in Colours, Inc. and DL Polymers Colours, Inc. as well as aerosol producer Aero-Pack Industries, Inc.

DL Industries’ net income for seven months ending July 2012 amounted to P641.10 million, 13.76% lower than the P743.40 million reported during the same period last year, on the back of a decline in revenues, based on its filing with the SEC.

January-to-July revenues fell by 10.70% to P6.76 billion from P7.57 billion in year-ago levels, while cost of sales and services expanded by 12.52% to P6.47 billion versus P5.75 billion, year-on-year.

So far, three firms have already conducted IPOs and listed on the PSE this year: conglomerate GT Capital Holdings, Inc. and Gotianun-led East West Banking Corp., which listed in April, as well as feeds supplier Calata Corp., which listed in May. Upscale developer Rockwell Land Corp., on the other hand, listed by way of introduction last May.

Coal holding firm Coal Asia Holdings, Inc., for its part, has already filed with the SEC its plan to list 800 million common shareholders and raise P726,868,750 in net proceeds from a proposed listing next quarter.