Specialty chemicals company, Anupam Rasayan was established in 1984. It is one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India.
Anupam Rasayan listing will happen on BSE & NSE. The issue opens on 12 Mar 2021 and closes Date 16 Mar 2021. The Price Band is Rs 553-Rs 555 and the Market Lot size is if 27 shares and the multiple thereof. The Issue Size is Rs 760 crore and the total no of shares offered is 13,693,693.
Half of the issue is reserved for qualified institutional buyers, 35% for retail investors, 15% for non-institutional bidders.
Ahead of the IPO, the company had raised ₹225 crores from anchor investors, including foreign portfolio investors, domestic mutual funds, insurance companies, and alternative investment funds.
The grey market premium on Anupam Rasayan shares last heard is ₹225-230, says a market observer. “The recent IPOs are aggressively priced but owing to the bullish sentiments in the primary market it seems that the issue will get a good response,” says Abhay Doshi, who is the founder of UnlistedArena.com, which deals in pre-IPO and unlisted shares according to Mint.
According to brokerages, the listing of Anupam Rasayan shares is likely to be finalised on March 19 and shares could get listed on March 24, 2021.
Axis Capital, Ambit Private, IIFL Securities, and JM Financial are merchant bankers for the issue.
