The latest IPO from Anupam Rasayan India Limited is just round the corner, ready to hit the market for public subscription on 12th March 2021. The offer closes on 16th March 2021 with Face Value per share INR 10 aggregating value up to INR 760.00 crore. Price band for each share ranges between INR 553 to INR 555. This offer can be availed by the retail investors in the lot size of 27 shares and the security is listed both on BSE and NSE.
All about Anupam Rasayan India Limited:
Anupam Rasayan is one of the key players involved in the manufacture of speciality chemicals and cotton synthesis serving patrons, across geographies. Incorporated in 1984 the establishment has two major verticals, the first one is speciality chemicals involving polymer additives, pigment, and dyes etc however, the latter produces speciality chemicals related to Life Sciences, to be used in personal care, pharmaceuticals and agrochemicals etc.
Many multi-national giants are in long-term collaborative relations with the organisation, including Sumitomo Chemical Company Ltd, UPL Ltd and Syngenta Asia Pacific Pte Ltd from diverse locations like US, Europe, India and Japan.
Key Pointers about the Public Issue:
When is this public issue open for subscription?
IPO opening date is scheduled for 12th March 2021 and offer closes on 16th March 2021.
What is the issue price per share and is there any price band on it?
Face Value per share is INR 10 and the price band on these shares ranges between INR 553 to INR 555 per share.
Is there any lot size allocated for retail-investors?
A retail-investor can apply for a lot of 27 shares of INR 14,985 value at a time, which can go up to a maximum of 13 such lots only i.e.351 shares in total for iNR 1,94,805. 35% of the total issue belongs to the retail quota and 2,20,000 shares valuing up to INR 11,00,000 are set aside to be offered at a discount of INR 55 per share to the employees. Further, all retail applications are compulsorily to be made in UPI mode.
What is the promoter holding of this IPO?
Promoter holding of Pre-issue share-holding is 75.80% of the total offer.
What is the size of Anupam Rasayan IPO?
The issue size of speciality chemical maker aggregates up to INR 760.00 crores of 13693689 equity shares. 50% of the issue is allocated towards QIBs and 15% as HNIs.
Where is this share listed?
This shares are listed both on BSE and NSE, the proposed date for listing is 19th March 2021.
Tentative vital dates for Anupam Rasayan IPO –
| IPO Open Date | 12 March 2021 |
| IPO Close Date | 16 March 2021 |
| Basis of Allotment Date | 19 March 2021 |
| Initiation of Refund | 22 March 2021 |
| Credit of Shares to Demat Account | 23 March 2021 |
| IPO Listing Date | 24 March 2021 |
What is the objective of this IPO by Anupam Rasayan?
The core objective behind this public issue from Anupam Rasayan is to make use of these funds generated for repayment and pre-payment of debts and for other general corporate uses. This issue constitutes 13.71% of the post-issue paid-up equity capital of the company.
Who are the Book Running Lead managers to the issue?
IIFL Securities, Axis Capital, JM Financials and Ambit are Book Running Lead Managers (BRLM) to the issue.
Who is the registrar to the issue?
KFin Technologies is the registrar to this IPO.
Who are the promoters to the issue?
Kiran C Patel, Anand Desai, Mona Desai, RIRCPL and KPI LLC are the promoters and lately own 66,04% of the stake in company.
How to buy Anupam Rasayan IPO?
Retail investors should have a Demat account and can choose to apply online through banks (using ASBA) or through broker (using UPI).
A comparative Consolidated Financial Summary of the company for the past years –
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| 31 Dec 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 | |
| Total Assets | 19,192.15 | 16,640.68 | 13,225.03 | 10,012.09 |
| Total Revenue | 5,631.61 | 5,393.87 | 5,209.61 | 3,491.82 |
| Profit After Tax(PAT) | 480.94 | 529.75 | 502.09 | 403.41 |