The streak of upcoming IPOs never seems to end. The latest in a long list of new IPOs is the one from Anupam Rasayan India Limited. Wish to know the important Anupam Rasayan IPO details? Continue reading to find out.
About the company
Established in the year 1984 in the state of Gujarat, Anupam Rasayan is one of India’s leading manufacturers of specialty chemicals. In addition to manufacturing chemicals, the company is also involved in custom synthesis of chemicals as well.
The product portfolio of Anupam Rasayan can be classified into two - life science related chemicals and other specialty chemicals. In the life science related chemicals segment, the company manufactures agrochemicals, personal care, and pharmaceutical products. Meanwhile, in the other specialty chemicals segment, the company manufactures pigments, dyes, and polymer additives.
As of FY2020, around 95.37% of the company’s revenues are generated through the life sciences segment, whereas around 4.63% comes from other specialty chemicals. Anupam Rasayan enjoys a loyal customer base in the form of multinational companies such as Syngenta Asia Pacific Pte. Ltd., Sumitomo Chemical Company Limited, and UPL Limited.
Anupam Rasayan IPO details
Now that you’ve been apprised about the company, here are some of the most important Anupam Rasayan IPO details. This includes the Anupam Rasayan IPO date and the Anupam Rasayan IPO share price band.
Anupam Rasayan IPO date
The opening date of the upcoming IPO from Anupam Rasayan is 12th March, 2021 and the closing date is March 16th March, 2021. More details of the same may be unveiled when the company files its Red Herring Prospectus
Anupam Rasayan IPO issue size
The total issue size of this new IPO is expected to be around Rs. 760 crores. The issue does not feature any Offer for Sale (OFS) component. That said, the company is likely to set aside an employee reservation portion with a discount to the issue price.
Anupam Rasayan IPO share price
The offer price of the latest IPO from Anupam Rasayan is Rs. 553. The issue type is ‘Book built portion’.
Anupam Rasayan IPO listing
The shares of the company are slated to be listed on both the premier stock exchanges of the country - the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Anupam Rasayan IPO objectives
The company is looking to use the net proceeds from its latest IPO issue towards the repayment or prepayment of indebtedness and for general corporate purposes.
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