InvestorQ : Can you tell me about the proposed IPO by Anupam Rasayan that is opening this week?
ishika Banerjee made post

Can you tell me about the proposed IPO by Anupam Rasayan that is opening this week?

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1 month ago
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Anupam Rasayan had already announced its IPO opening date on 12 March, Friday. On Monday, it has also announced its IPO price band in the range of Rs.553-555 per share. The total size of the offer will be Rs.760 crore. The IPO will open on 12 Mar and close for subscription on 16 Mar. The entire Rs.760 core will be way of fresh issue of equity shares and will be used to defray the debt of the specialty chemicals company.

Anupam Rasayan has 6 manufacturing facilities in Gujarat with combined installed capacity of 23,396 MT. It predominantly caters to the agrochemical, personal care and pharma sectors. For the 9-months to Dec-20, Anupam Rasayan had reported 45% growth in sales to Rs.539 crore. Anupam Rasayan had filed its preliminary papers for the IPO with SEBI in December 2020 and it had obtained its go ahead in Feb-20.

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