Anupam Rasayan India Ltd IPO: Check IPO Date, Price, Details | Espresso

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Anupam Rasayan India Limited IPO – Mar 12 to 16

March 09, 2021
Anupam Rasayan India Limited IPO – Mar 12 to 16

Anupam Rasayan India Limited is coming out with a fresh public issue to raise Rs 760 crores from the market.

Key details of the issue:

  • Issue opens – Mar 12 (Friday)
  • Issue closes – Mar 16 (Tuesday)
  • Issue size – Rs 760 crores
  • Price band – Rs 553 to 555 per equity share
  • Bid lot – 27 shares and in multiples thereof
  • Employee discount – Rs 55 per equity share
  • Employee reservation – Up to 2,20,000 equity shares (Rs 11 crores at upper price band)

And here are some details of the company and further details on the Anupam Rasayan India Limited issue.

Company details:

Anupam Rasayan India Limited is one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India (Source: F&S Report).

The company commenced business as a partnership firm in 1984 as a manufacturer of conventional products and has, over the years, evolved into custom synthesis and manufacturing of life-science-related specialty chemicals and other specialty chemicals, which involve multi-step synthesis and complex technologies, for a diverse base of Indian and global customers.

The company's key focus is developing in-house innovative processes for manufacturing products requiring complex chemistries and achieving cost optimization.

The company has two distinct business verticals:

  • Life-science-related specialty chemicals comprising products related to agrochemicals, personal care and pharmaceuticals
  • Other specialty chemicals, comprising specialty pigment and dyes and polymer additives

The company has developed strong and long-term relationships with various multinational corporations, including Syngenta Asia Pacific, Sumitomo Chemical Company and UPL, which have helped expand their product offerings and geographic reach across Europe, Japan, United States and India. In the nine months ended Dec 31, 2020, the company manufactured products for over 53 domestic and international customers, including 17 multinational companies.

The company is also one of the leading companies in manufacturing products using continuous and flow chemistry technology on a commercial scale in India (Source: F&S Report).

The company has a dedicated in-house R&D facility and a pilot plant located at Sachin Unit 6, which is equipped with laboratories engaged in process development, process innovation, new chemical screening and engineering, which assists in pursuing efficiencies from the initial conceptualization up to commercialization of a product.

Issue size: Rs 760 crores

Issue break-up:

  • QIB – 50% of the offer – Rs 374.50 crores

  • NIB – 15% of the offer – Rs 112.35 crores

  • RET – 35% of the offer – Rs 262.15 crores

Listing: NSE and BSE

Registrar: KFin Technologies Private Limited

UPI: All retail applications through brokers are compulsorily in UPI mode

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