Anupam Rasayan India Limited IPO Detail
Incorporated in 1984, Anupam Rasayan is one of the leading companies engaged in the cotton synthesis and manufacturing of specialty chemicals in India. The business has 2 verticals; 1. Life Science related specialty chemicals that are used in agrochemicals, personal care, and pharmaceutical sector and 2. other specialty chemicals i.e. pigment & dyes, polymer additives, etc.
The company has a strong long-term relationship with many multinational companies like Syngenta Asia Pacific Pte Ltd, Sumitomo Chemical Company Ltd, and UPL Limited to expand geographical reach across countries like United States, Europe, Japan, and India.
It has 6 manufacturing facilities out of which 4 are situated at Sachin and 2 are located at Jhagadia with an aggregated installed capacity of 23,438 MT.
Competitive strengths
- Diversified customer base across geographies and industries.
- In-house R&D team to foster product innovation.
- Diversified and customized product portfolio.
- Strategically located manufacturing facilities.
- Consistent financial performance track record.
Company Promoters
Mr. Anand S Desai, Dr. Kiran C Patel, Ms. Mona A Desai, Kiran Pallavi Investments LLC, and Rehash Industrial and Resins Chemicals Private Limited are the company promoters.IPO Details
| IPO Opening Date | Mar 12, 2021 |
| IPO Closing Date | Mar 16, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹553 - 555 per equity share |
| Market Lot | 27 Shares |
| Min Order Quantity | 27 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹760 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | - |
IPO Tentative Timetable
The Anupam Rasayan India Limited IPO open date is Mar 12, 2021, and the close date is Mar 16, 2021. The issue may list on Mar 24, 2021.
| IPO Open Date | Mar 12, 2021 |
| IPO Close Date | Mar 16, 2021 |
| Basis of Allotment Date | Mar 19, 2021 |
| Initiation of Refunds | Mar 22, 2021 |
| Credit of Shares to Demat Account | Mar 23, 2021 |
| IPO Listing Date | Mar 24, 2021 |
IPO Lot Size
The Anupam Rasayan India Limited IPO market lot size is 27 shares. A retail-individual investor can apply for up to 13 lots (351 shares or ₹194805).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 27 | ₹14985 |
| Maximum | 13 | 351 | ₹194805 |
IPO Promoter Holding
| Pre Issue Share Holding | 75.80% |
| Post Issue Share Holding | 65.40% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-20 | 19,192.15 | 5,631.61 | 480.94 |
| 31-Mar-20 | 16,640.68 | 5,393.87 | 529.75 |
| 31-Mar-19 | 13,225.03 | 5,209.61 | 502.09 |
| 31-Mar-18 | 10,012.09 | 3,491.82 | 403.41 |
Objects of the Issue:
The net proceeds from the IPO will be utilized towards the following purposes:
- To make prepayment/repayment of company's indebtedness including accrued interest.
- To meet general corporate purposes.
