Puławy in the top 40

That puts the maximum worth of the issue at zł.298 million, and values the entire company at just over zł.1 billion - making it one of the Warsaw Stock Exchange's top-40 stocks. Some 5.52 million new shares will be on offer, and will equal nearly 30 percent of the company's increased share capital.

The IPO of the state-controlled firm was due to open on October 3. It is the second major chemical firm to be privatized by the outgoing SLD government this year. In July, Poland floated a minority stake in leading producer of phosphorous fertilizers Zakłady Chemiczne Police, which is also Poland's only producer of titanium white pigment.

CA IB Securities is the lead manager in Puławy's IPO. (Reuters)