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 ValueRs 10
Price BandRs 553 to Rs 555
Listing AtBSE, NSE
Min. Order Quantity27 Shares
Listing Date Mar 24, 2021
IPO SizeRs 760 Crores
Tick SizeRs 1

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

Anupam Rasayan IPOThey 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.

Check similar articles for this IPO

Anupam Rasayan IPO GMP
Allotment of Anupam Rasayan IPO

Anupam Rasayan IPO Date

The opening and the closing date of IPO of Anupam Rasayan Limited is Mar 12, 2021 to Mar 16, 2021


Anupam Rasayan Limited IPO Subscription

Day / DateQIBNIIRIIEmplTotal Subscription
1st Day – Mar 120.00x0.09x2.58x0.30x1.29x
2nd Day – Mar 150.37x1.39x6.60x0.93x3.64x
3rd Day – Mar 1665.74x97.42x10.77x1.71x44.06x
Shares Offered or Net Issue2,709,2592,031,7654,740,785220,0009,701,809

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 FinalizationMar 19, 2021
Refunds InitiationMar 22, 2021
Credit of Shares to Demat AccountMar 23, 2021
Share Listing DateMar 24, 2021

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.553 To Rs. 555


Anupam Rasayan IPO Equity Size

This Initial Public Issue of NA Equity Shares of Rs.10 each for cash at a price of Rs.553 to Rs. 555 per equity share aggregating to Rs.760 Crores.


Anupam Rasayan IPO Share Offering

Fresh Issue: X Equity Shares of Rs.10 each, aggregating to Rs.NA

Offer for Sale: X Equity Shares of Rs.10 each, aggregating to Rs.NA.


Anupam Rasayan IPO – Live Performance

The listing date of this IPO is 24 March 2021. 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 150 to Rs 160, the Kostak rate is Rs 400 and the Subject to Sauda is 8000. 


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)
31-Dec-2031-Dec-1931-Mar-20Mar-1931-Mar-18
Total Assets19,192.1515,409.9016,640.6813,225.0310,012.09
Total Revenue5,631.613,744.925,393.875,209.613,491.82
Total Expense4,963.993,193.304,680.164,552.442,994.16
Profit After Tax480.94428.05529.75502.09403.41

Earnings per Equity Share (in Millions)

31-Dec-2031-Dec-1931-Mar-20Mar-1931-Mar-18
Basic & Diluted6.035.676.946.606.59

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:

  1. MR. ANAND S DESAI,
  2. DR. KIRAN C PATEL,
  3. MS. MONA A DESAI,
  4. KIRAN PALLAVI INVESTMENTS LLC AND REHASH INDUSTRIAL AND
  5. 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

Anupam Rasayan IPO – Promoters Holding

  • Pre-Issue Share Holding is around 98.1%
  • Post-Issue Share Holding to be around 74.1%

Anupam Rasayan IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to 27 Equity Shares aggregating up to Rs.760 Cr.
of which:
Net IssueUp to [●] Equity Shares aggregating up to Rs.[●]
million
Employee Reservation PortionUp to [●] Equity Shares aggregating up to Rs.[●]
million
 Of which:
QIB PortionNot more than [●] Equity Shares
Non-Institutional CategoryNot less than [●] Equity Shares
Retail CategoryNot less  than [●] Equity Shares
 Equity Shares outstanding prior to the Issue86,206,896 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 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 EPSRONW (%)NAV (Rs.)
31-Mar-206.949.6283.06
31-Mar-196.6010.21
31-Mar-186.5911.78

Anupam Rasayan IPO : Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)NAV per share (Rs.)
Anupam Rasayan India Limited10[●]6.949.62%76.00
Listed Peers
PI Industries Limited169.3333.0817.43%189.64
Navin Fluorine International
Limited
230.2582.6028.93%285.38
Astec Lifesciences Limited1046.4324.2919.25%126.17
SRF1030.13177.2920.66%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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 

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    Anupam Rasayan Limited IPO News

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    Anupam Rasayan IPO Review FAQs

    Ques – What is the Issue Size of Anupam Rasayan IPO?

    Answer – The Company is making an initial public offer of NA equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on fresh issue, Offer for sale, and the net issue.

    Ques – What is the Price band?

    Answer – The price band for this particular IPO ranges between Rs 553 to Rs 555. As far as the face value of the share is of concern, it is Rs.10 per share.

    Ques – What is the Anupam Rasayan IPO Open Date?

    Answer – The opening and closing date for the IPO have been updated. The IPO is set to open on Mar 12, 2021, while the closing date is set at Mar 16, 2021.

    Ques – What is the IPO Allotment Date?

    Answer – We also have the news regarding the respective allotment dates. Basis of Allotment finalization is on Mar 19, 2021, refund initiation is on Mar 22, 2021, credit of shares is on Mar 23, 2021 and share listing date is on Mar 24, 2021.

    Ques – What is the IPO Listing Date?

    Answer – Shares of this company shall be listed in the exchanges BSE as well as NSE. Date when the listing would be done is stagnant on Mar 24, 2021.

    Ques – Who is the Registrar of this IPO?

    Answer – One of the reputed registrars are managing the issue of this IPO, i.e. KFin Technologies Private Limited. Their website will help you regarding the further information you are on a lookout for.

    Ques – Who is the Promoter of this Company?

    Answer – Here are the promoters of this company – MR. ANAND S DESAI, DR. KIRAN C PATEL, MS. MONA A DESAI, KIRAN PALLAVI INVESTMENTS LLC AND REHASH INDUSTRIAL AND RESINS CHEMICALS PRIVATE LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

    Ques – What is GMP of Anupam Rasayan IPO?

    Answer – We have obtained the GMP of this IPO and it is Rs 250 to Rs 260. The further insights of Kostak rate and subject to sauda or SS are as well included in this report.

    Ques – Is Anupam Rasayan IPO good for Investment?

    Answer – This company is indeed one of the many fruitful options to consider, given, it is one of the leading companies engaged in the cotton synthesis and manufacturing of specialty chemicals in India. With an efficient and extensive operation, this come is all set to grow and has been reported profits per year. Companies with good finance stability are a catch indeed.

    Ques – What is the PAT of this Company?

    Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2020 in millions is 529.75, 2019 is 502.09, 2018 is 403.41. PAT from Dec 2020 is 480.94.


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