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Anupam Rasayan IPO is a book build issue of ₹760.00 crores. The issue is entirely a fresh issue of 1.37 crore shares of ₹760.00 crore.
Anupam Rasayan IPO bidding started from Mar 12, 2021 and ended on Mar 16, 2021. The allotment for Anupam Rasayan IPO was finalized on Mar 19, 2021. The shares got listed on BSE, NSE on Mar 24, 2021.
Anupam Rasayan IPO price band is set at ₹555.00 per share . The lot size for an application is 27. The minimum amount of investment required by an retail is ₹14,931 (27 shares). The lot size investment for sNII is 14 lots (378 shares), amounting to ₹2,09,790, and for bNII, it is 67 lots (1,809 shares), amounting to ₹10,03,995.
The issue includes a reservation of up to 2,20,000 shares for employees offered at a discount of ₹55.00 to the issue price.
Ambit Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Anupam Rasayan IPO RHP for detailed Information.
| IPO Date | March 12, 2021 to March 16, 2021 |
| Listing Date | March 24, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹553 to ₹555 per share |
| Issue Price Final | ₹555 per share |
| Lot Size | 27 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,37,15,495 shares (aggregating up to ₹760.00 Cr) |
| Employee Discount | ₹55.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 8,62,06,896 shares |
| Share Holding Post Issue | 9,99,22,391 shares |
Anupam Rasayan IPO offers total 1,37,15,495 shares. Out of which 67,47,746 (49.20%) allocated to QIB, 26,99,099 (19.68%) allocated to QIB, 20,24,325 (14.76%) allocated to NII, 47,23,424 (34.44%) allocated to RII and 40,48,647 (29.52%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 67,47,746 (49.20%) | NA |
| − Anchor Investor Shares Offered | 40,48,647 (29.52%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 26,99,099 (19.68%) | NA |
| NII (HNI) Shares Offered | 20,24,325 (14.76%) | NA |
| Retail Shares Offered | 47,23,424 (34.44%) | 1,74,941 |
| Employee Shares Offered | 2,20,000 (1.60%) | NA |
| Total Shares Offered | 1,37,15,495 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Anupam Rasayan IPO opens on March 12, 2021, and closes on March 16, 2021.
| IPO Open Date | Fri, Mar 12, 2021 |
| IPO Close Date | Tue, Mar 16, 2021 |
| Tentative Allotment | Fri, Mar 19, 2021 |
| Initiation of Refunds | Mon, Mar 22, 2021 |
| Credit of Shares to Demat | Tue, Mar 23, 2021 |
| Tentative Listing Date | Wed, Mar 24, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 16, 2021 |
Investors can bid for a minimum of 27 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,985 |
| Retail (Max) | 13 | 351 | ₹1,94,805 |
| S-HNI (Min) | 14 | 378 | ₹2,09,790 |
| S-HNI (Max) | 66 | 1,782 | ₹9,89,010 |
| B-HNI (Min) | 67 | 1,809 | ₹10,03,995 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1984, Anupam Rasayan is one of the leading companies engaged in the cotton synthesis and manufacturing of specialty chemicals in India. The business has 2 verticals; 1. Life Science related specialty chemicals that are used in agrochemicals, personal care, and pharmaceutical sector and 2. other specialty chemicals i.e. pigment & dyes, polymer additives, etc.
The company has a strong long-term relationship with many multinational companies like Syngenta Asia Pacific Pte Ltd, Sumitomo Chemical Company Ltd, and UPL Limited to expand geographical reach across countries like United States, Europe, Japan, and India.
It has 6 manufacturing facilities out of which 4 are situated at Sachin and 2 are located at Jhagadia with an aggregated installed capacity of 23,438 MT.
Competitive strengths
| Particulars | For the year/period ended (₹ in millions) | ||||
|---|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| 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 | 480.94 | 529.75 | 502.09 | 403.41 | |
The Company Anupam Rasayan IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment/prepayment of certain indebtedness availed by our Company (including accrued interest) | 563.70 |
| 2 | General corporate purposes | 156.00 |
[Dilip Davda] Based on the companyââ‚-â„¢s financial data, the issue appears aggressively priced. However, considering the rising fancy for life care and speciality chemicals segment linked with future performance trends, the company is expected to do well post listing going forward. Based on these aspects, investors looking for a long term bet may consider investing in this IPO. Read detail review...
| Listing Date | March 24, 2021 |
| BSE Script Code | 543275 |
| NSE Symbol | ANURAS |
| ISIN | INE930P01018 |
| Final Issue Price | ₹555 per share |
Anupam Rasayan India Ltd.
8110, GIDC Industrial Estate,
Sachin, Surat 394 230
Sachin, Gujarat
Phone: (+91 261) 239 8991
Email: investors@anupamrasayan.com
Website: http://www.anupamrasayan.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: anupamrasayan.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Anupam Rasayan IPO is a main-board IPO of 1,37,15,495 equity shares of the face value of ₹10 aggregating up to ₹760.00 Crores. The issue is priced at ₹555 per share. The minimum order quantity is 27.
The IPO opens on March 12, 2021, and closes on March 16, 2021.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Anupam Rasayan IPO using UPI as a payment gateway. Zerodha customers can apply in Anupam Rasayan IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Anupam Rasayan IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Anupam Rasayan IPO opens on March 12, 2021 and closes on March 16, 2021.
Anupam Rasayan IPO lot size is 27, and the minimum amount required for application is ₹14,985.
You can apply in Anupam Rasayan IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Anupam Rasayan IPO will be done on Friday, March 19, 2021, and the allotted shares will be credited to your demat account by Tuesday, March 23, 2021. Check the Anupam Rasayan IPO allotment status.
The Anupam Rasayan IPO listing date is on Wednesday, March 24, 2021.
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