Everything You Need to Know About Anupam Rasayan IPO

Anupam Rasayan is launching its IPO. The public offer comprises a fresh issue of equity shares worth Rs. 760 crores. For more information, you can read the IPO Prospectus filed by the company.

About the company:

Anupam Rasayan is one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India. The company operates in two distinct business verticals:

  1. Life science related specialty chemicals comprising products related to agrochemicals, personal care, and pharmaceuticals, and,
  2. Other specialty chemicals, comprising specialty pigment and dyes, and polymer additives.

In Fiscal 2020 and in the nine months ended December 31, 2020, revenues from the life science related specialty chemicals vertical accounted for 95.37% and 93.75%, of the revenue from operations.

Financial Year Ended (₹ crores) Revenue PAT EPS (₹)
March 2018 341.43 40.34 6.59
March 2019 501.50 50.21 6.6
March 2020 528.88 52.98 6.94
Nine months ended December 2019 371.81 42.81 5.67
Nine months ended December 30, 2020 539.22 48.09 6.03
Event Date
Issue Period 12th March 2021 - 16th March 2021
Price Range ₹ 553 - 555
Minimum Bid Quantity 27 and in multiples thereof
Finalisation of Allotment 19th March 2021
Initiation of Refunds 22nd March 2021
Credit of Shares 23rd March 2021
Listing Date 24th March 2021

How do I apply to the Anupam Rasayan IPO?

You can apply for the Anupam Rasayan IPO using any supported UPI app by following two steps:

  • Enter your bid on Console

  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

What are your views on Anupam Rasayan IPO, should we apply for the issue?

The Forum has restrictions on buy/sell recommendation on any stocks,ipo. We can only give you detailed information but end call should be yours.

The current grey market premium for the Anupam Rasayan IPO is around Rs. 145 per share. This means people are willing to buy the share at Rs. 700 against the upper price band of Rs. 555.

The grey market premium keeps changing as the IPO nears listing. And generally the listing gain is around the latest premium figure. You can use this as a metric to judge whether you want to apply or not.

1 Like

Thank you, that was helpful :grinning: can you tell what is current premium figure?

You can yourself watch the GMP of ipo Daily via this site link attached below.
https://chanakyanipothi.com/anupam-rasayan-ipo-grey-market-premium-gmp-analysis/

Why it opened up lower than Issue price despite having high subscription??

Higher subscription doesn’t necessarily translate to higher listing price.

On listing day, opening price is determined by demand and supply. If the demand is higher then the issue can list at premium and if the supply is higher it can list at discount.