Speciality chemicals company is looking to raise upto ~₹760 crores through capital markets.
Since 1984, Anupam Rasayan is engaged in the custom synthesis and manufacturing of specialty chemicals in India
Promoters of Anupam Rasayan are Mr. Anand S Desai, Dr. Kiran C Patel, Ms. Mona A Desai, Kiran Pallavi Investments LLC or KPI LLC (Firm jointly owned and controlled by Dr. Kiran C Patel acting through KCP Dynasty Trust) and Rehash Industrial and Resins Chemicals Private Limited or RIRCPL (Company owned and controlled by Mr. Anand S Desai)
| IPO Opens | IPO Closes | Price Band (₹/Sh) | Listing Date (On or about) |
|---|---|---|---|
| 12-Mar-2021 | 16-Mar-2021 | 553 to 555 | 24-Mar-2020 |
Pre-issue shareholding of Promoters and Promoters group at 75.8%
In FY20 and 9MFY20, revenues from life science related specialty chemicals vertical accounted for 95.37% and 93.75%, respectively, while revenue from other specialty chemicals accounted for 4.63% and 6.25%, respectively.
About Industry
India’s specialty chemicals industry is expected to grow at a CAGR of approximately 10%-11% over the next five years, due to rising demand from end-user industries, along with strict global supply on account of stringent environmental norms in China. India accounts for approximately 1%-2% of the global exportable specialty chemicals, indicating a large scope of improvement and widespread opportunity. Custom synthesis and manufacturing operations is on the rise in India and is expected to grow at a rate of 12% in the next five years, owing to strong growth from end-use demand (Source: F&S Report).
Key Pointers
- Strong and long-term relationships with diversified customers across geographies with significant entry barriers
- Core focus on process innovation through consistent research and development, value engineering and complex chemistries
- Diversified and customized product portfolio with a strong supply chain
- Automated manufacturing facilities with strong focus on environment, sustainability, health and safety measures
- Consistent track record of financial performance
- Experienced promoters and strong management team
- Continue to focus on custom synthesis and manufacturing by developing innovative processes and value engineering
- Expand our business by capitalizing on industry opportunities and organic and inorganic growth
Anupam Rasayan IPO Snapshot
| Issue Open | 12-Mar-2021 |
| Issue Close | 16-Mar-2021 |
| Face Value | ₹ 10/- |
| Price Band | ₹ 553 to ₹ 555 (Including premium of ₹ 543 to ₹ 545 per share) |
| Discount | Nil |
| Bid Lot | 27 shares and in mutiples |
| Listing on | BSE and NSE |
| Mode of Payment | UPI / ASBA (Mandatory); Applications using third party UPI/ASBA Bank accounts are liable to rejected |
Anupam Rasayan Issue & Subscribed Details
| Particulars | Issued | Subscribed |
|---|---|---|
| Issue Size | ₹760 Crores (Upper Band) | ₹ - Crores |
| QIB Portion | ~50% | 65.99 times |
| NII Portion (Application for lot size of 15 & above) | ~15% | 97.78 times |
| Retail Portion (Applications for lot size between 1 & upto 15) | ~35% | 10.81 times |
| Employees Portion | NA | NA |
| Total | 100% | 45.21 times |
Anupam Rasayan IPO Indicative Dates
| Issue Open | 12-Mar-2021 |
| Issue Close | 16-Mar-2021 |
| Anchor Investor Bidding | One working day prior to Issue opening date of 12-Mar-2021 (around 11-Mar-2021) |
| Announcement of Allotment | 19-Mar-2021 |
| Initiation of Refunds | 22-Mar-2021 |
| Credit of Shares | 23-Mar-2021 |
| Listing (Commencement of trading on Stock Exchanges) | 24-Mar-2021 |
Lead Managers of Anupam Rasayan IPO
List of Book Running and Lead/Co-Lead Manager/s
| Axis Capital Limited |
| Ambit Private Limited |
| IIFL Securities Limited |
| JM Financial Limited |
Registrar of Anupam Rasayan IPO
| KFin Technologies Private Limited |
Valuation
Company is looking at the following valuation
| Issue Size | ₹ 1,153.7 Crores (Upper Band |
| Pre-Issue Promoter's Holding | *% |
| Post Issue Promoter's Holding | TBA% |
| Pre-Issue Shares | TBA Crores |
| Post Issue Shares | TBA Crores |
| Post Issue Market Cap (based on Price band) | ₹ TBA to ₹ TBA Crores |
Check Allotment Status of Anupam Rasayan IPO
| Please check below or visit here to check allotment status of IPO |
Source: DRHP, RHP, Company, Company Website | Logo/Images published in the article may be copyright of respective companies.
Frequently Asked Questions (FAQ)
| Q. How to Apply for IPO ? A. IPO can be applied Online and Offline mode. Online: a) Via Net banking of Bank website b) Via Stock brokers portal Offline: a) Collect application forms from Brokers > Fill demat details & UPI > Submit to any broker across India. b) Download forms from NSE/BSE website > Fill demat details & UPI > Submit to any broker across India. |
| Q. How to register for BHIM UPI? UPI is made mandatory by SEBI to apply for IPO's. To educate investors National Payment Corporation of India (NPCI) has come out with the useful video. This video educates on how to download BHIM UPI app and its process to register. Source: NPCI |
| What is UPI based ASBA Process ? To educate people to apply for IPO's National Payment Corporation of India (NPCI) has come out with the useful video. This video educates consumers on how the IPO process works and how subscribing for IPOs via BHIM UPI helps reduce the time and effort one needs to take for the same. Source: NPCI |
| Q3? Ans Source: NPCI |
0 Comments