Anupam Rasayan IPO Review 2021: Anupam Rasayan IPO opens on March 12 to March 16, 2021. In this article, we cover the Anupam Rasayan IPO Review and look into important IPO information and find out the possible prospects of the company. Let’s get started.

Anupam Rasayan IPO Review – About the Company

Anupam Rasayan IPO Review - About the Company

Anupam Rasayan began operations in 1984. Since then it has gone on to become one of the leading speciality chemicals manufacturers in India. The company is engaged in the production of custom synthesis and manufacturing of speciality chemicals. Its chemical products are used in agrochemicals, personal care and pharmaceuticals.

The company is also involved in the manufacture of speciality pigment and dyes, and polymer additives. It is important to note that 95.37% of its revenue comes from the agrochemical, personal care and pharmaceutical sectors. Revenue from other speciality chemicals accounted for 4.63%. 

Anupam Rasayan IPO Review - Company total assets

They currently have 6 manufacturing facilities based in Gujarat –  four facilities located at Sachin and two located at Jhagadia. The company also exports its products globally to countries like the United States, Japan and in Europe. They have maintained a strong long term relationship with MNC’s like Syngenta Asia Pacific Pte. Ltd., Sumitomo Chemical Co. Ltd. and UPL Ltd. This has further helped them expand their product offerings. 

Anupam Rasayan IPO Review - Company Net Profit - Profit After Tax

Anupam Rasayan IPO Review – Key IPO Information

Mr Anand S Desai, Dr Kiran C Patel, Ms Mona A Desai, Kiran Pallavi Investments LLC, and Rehash Industrial and Resins Chemicals Private Limited are the company promoters. They have appointed Axis Capital Ltd, Ambit Private Ltd, IIFL Securities Ltd and JM Financial Ltd. as the book running lead managers to the issue.  KFin Technologies Private Ltd. has been appointed as the registrar to the issue.

Important Anupam Rasayan IPO details

ParticularDetails
IPO Size₹760.00 Cr
Fresh Issue₹760.00 Cr
Offer For Sale(OFS)---
Opening DateMar 12, 2021
Closing DateMar 16, 2021
Face Value ₹10 per equity share
Price Band₹553 to ₹555
Market Lot27 Shares
Minimum Lot Size1
Maximum Lot Size13
Listing DateMar 24, 2021

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Grey Market Premium

As of 8th March, the shares of  Anupam Rasayan India Ltd surged by Rs. 320 and were trading at Rs 875 in the Grey Market. This implied a premium of 58%.

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Anupam Rasayan IPO Review – Purpose of the IPO

The net proceeds from the issue will be used for

  • Repayment of ₹556.20 crores in debt. As of 30 September, the company had a total debt of ₹814.48 crores.
  • Other general corporate purposes

Competitors

Anupam Rasayans listed competitors include:

Closing Thoughts

Anupam Rasayan has come a long way since its inception. The current global market trend where companies are also looking for a suitable alternative to Chinese firms could play an important role in Anupam Rasayan growth and open many doors for the company. Happy Investing!