Let’s have a detailed review of the company and analytics of the Anupam Rasayan IPO release date, IPO offer price, subscription, Anupam Rasayan Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
| Face Value | Rs 10 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | [●] |
| Listing Date | [●] |
| IPO Size | Rs 7,600 MILLION |
| Tick Size | [●] |
Anupam Rasayan IPO is listed at [●] premium. Check out the live share price by clicking on the below link.
| Anupam Rasayan Share Price – Live Performance |
Anupam Rasayan IPO – Summary
They are one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India.
They commenced business as a partnership firm in 1984 as a manufacturer of conventional products and have, over the years, evolved into custom synthesis and manufacturing of life science related specialty chemicals and other specialty chemicals, which involve multi-step synthesis and complex technologies, for a diverse base of Indian and global customers.
Their key focus in their custom synthesis and manufacturing operations is developing in-house innovative processes for manufacturing products requiring complex chemistries and achieving cost optimization.
The Promoters of this company are MR. ANAND S DESAI, DR. KIRAN C PATEL, MS. MONA A DESAI, KIRAN PALLAVI INVESTMENTS LLC AND REHASH INDUSTRIAL AND RESINS CHEMICALS PRIVATE LIMITED. The lead managers to the issue are Axis Capital Limited, Ambit Private Limited, IIFL Securities Limited, JM Financial Limited, and the Registrar to this issue is KFin Technologies Private Limited.
Anupam Rasayan IPO Date
The opening and the closing date of IPO of Anupam Rasayan Limited is not available yet.
Anupam Rasayan Limited IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Anupam Rasayan Limited IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.
Anupam Rasayan Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Anupam Rasayan IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
Anupam Rasayan IPO Equity Size
This Initial Public Issue of [●] Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.7,600 million.
Anupam Rasayan IPO Share Offering
Issue: Issue comprises the Net Issue and Employee Reservation Portion,
Issue Size: [●] Equity Shares of Rs.10 each, aggregating to Rs.7,600 million
Anupam Rasayan IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Anupam Rasayan Share Price |
Anupam Rasayan IPO Grey Market Premium
The Anupam Rasayan Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Anupam Rasayan IPO – Company Overview
They have developed strong and long-term relationships with various multinational corporations, including, Syngenta Asia Pacific Pte. Ltd., Sumitomo Chemical Company Limited and UPL Limited that has helped them expand their product offerings and geographic reach across Europe, Japan, United States and India.
In particular, they have been manufacturing products for certain customers for over 10 years. In the six months ended September 30, 2020, they manufactured products for over 45 domestic and international customer, including 15 multinational companies. The Government of India has also recognized their Company as a three star export house.
Anupam Rasayan IPO Business Verticals
They have two distinct business verticals
(i) life science related specialty chemicals comprising products related to agrochemicals, personal care and pharmaceuticals, and
(ii) other specialty chemicals, comprising specialty pigment and dyes, and polymer additives.
Anupam Rasayan IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & millions) | |||||
| 30-Sep-20 | 30-Sep-19 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
| Total Assets | 18,322.95 | 14,922.68 | 16,640.68 | 13,225.03 | 10,012.09 |
| Total Revenue | 3,735.99 | 2,375.73 | 5,393.87 | 5,209.61 | 3,491.82 |
| Total Expense | 3,380.72 | 2,064.60 | 4,680.16 | 4,552.44 | 2,994.16 |
| Profit After Tax | 264.84 | 217.39 | 529.75 | 502.09 | 403.41 |
Earnings per Equity Share (in Millions)
| 30-Sep-20 | 30-Sep-19 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
| Basic & Diluted | 3.39 | 2.91 | 6.94 | 6.60 | 6.59 |
Their EBITDA for Fiscals 2018, 2019, 2020 and the six months ended September 30, 2019 and 2020 was Rs.745.07 million, Rs.921.74 million, Rs.1,348.96 million, Rs.575.40 million, Rs.774.00 million, respectively.
Their profit after tax and share of profit of associates was Rs.413.07 million, Rs.492.48 million, Rs.529.75 million, Rs.217.39 million and Rs.264.83 million for Fiscals 2018, 2019, 2020 and the six months ended September 30, 2019 and 2020, respectively,
Anupam Rasayan Limited IPO – Promoters
The Promoters of this company are:
- MR. ANAND S DESAI,
- DR. KIRAN C PATEL,
- MS. MONA A DESAI,
- KIRAN PALLAVI INVESTMENTS LLC AND REHASH INDUSTRIAL AND
- RESINS CHEMICALS PRIVATE LIMITED
List of Related Parties (Key Managerial Personnel)
- Dr. Nileshkumar Naik, Technical Head
- Mr. Afzal Malkani, Chief Financial Officer
- Ms. Suchi Agarwal, Company Secretary and Compliance Officer
Competitive Strengths of Anupam Rasayan Limited
- Strong and long-term relationships with diversified customers across geographies with significant entry barriers
- 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
Anupam Rasayan Limited IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to [●] Equity Shares aggregating up to Rs.7,600 million |
| of which: | |
| Net Issue | Up to [●] Equity Shares aggregating up to Rs.[●] million |
| Employee Reservation Portion | Up to [●] Equity Shares aggregating up to Rs.[●] million |
| Of which: | |
| QIB Portion | Not more than [●] Equity Shares |
| Non-Institutional Category | Not less than [●] Equity Shares |
| Retail Category | Not less than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 86,206,896 Equity Shares |
| Equity Shares outstanding after the Issue | [●] Equity Shares |
Anupam Rasayan IPO Issue Object
Their Company proposes to utilise the Net Proceeds towards funding the following objects:
1. Repayment/prepayment of certain indebtedness availed by their Company (including accrued interest); and
2. General corporate purposes.
Business strategies of Anupam Rasayan Limited
- Continue to focus on custom synthesis and manufacturing by developing innovative processes and value
engineering - Expand their business by capitalizing on industry opportunities and organic and inorganic growth
- Diversify their product portfolio and expand their chemistry expertise
- Continue to focus on cost efficiency and improving productivity
Anupam Rasayan Limited IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Strong and long-term relationships with diversified customers across geographies with significant entry barriers;
- Core focus on process innovation through consistent R&D, 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; and
- Experienced promoters and strong management team.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | 6.94 | 9.62 | 83.06 |
| 31-Mar-19 | 6.60 | 10.21 | – |
| 31-Mar-18 | 6.59 | 11.78 | – |
Anupam Rasayan IPO : Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | NAV per share (Rs.) | |
| Anupam Rasayan India Limited | 10 | [●] | 6.94 | 9.62% | 76.00 |
| Listed Peers | |||||
| PI Industries Limited | 1 | 69.33 | 33.08 | 17.43% | 189.64 |
| Navin Fluorine International Limited | 2 | 30.25 | 82.60 | 28.93% | 285.38 |
| Astec Lifesciences Limited | 10 | 46.43 | 24.29 | 19.25% | 126.17 |
| SRF | 10 | 30.13 | 177.29 | 20.66% | 858.26 |
Anupam Rasayan IPO Lead Managers
| Lead Managers |
| Axis Capital Limited, Ambit Private Limited, IIFL Securities Limited, JM Financial Limited |
Anupam Rasayan IPO Registrar to offer
| Registrar to the Offer |
| KFin Technologies Private Limited Selenium Tower B Plot 31 & 32, Gachibowli Financial District, Nanakramguda Serilingampally, Hyderabad 500 032 Telangana, India Tel: (+91 40) 3321 1000 Email: anupamrasayan.ipo@kfintech.com Website: www.karvyfintech.com Investor grievance E-mail: einward.ris@kfintech.com Contact Person: Mr. M. Murali Krishna SEBI Registration No: INR000000221 |
Anupam Rasayan IPO – Other Details
- Statutory Auditor – Rajendra & Co., Chartered Accountants
- Legal Counsel to the Company – Shardul Amarchand Mangaldas & Co
- Bankers to the Company – Axis Bank Limited, Standard Chartered Bank, State Bank of India
Anupam Rasayan Limited IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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