Can you tell me about the proposed IPO issues of Anupam Rasayan and Laxmi Specialty Chemicals?
Answer
After the success of IPOs like Rossari and Chemcon and the outstanding performance of specialty chemical companies in the bourses like SRF, Navin Fluorine and Aarti Industries, there is a sure short appetite for specialty chemicals companies in India. It is to ride this appetite that Anupam Rasayan and laxmi Specialty Chmicals will be hitting IPO markets.
Anupam Rasayan, based in Surat, plans to raise Rs.800 crore via an IPO in the next calendar year. Anupam is in the business of agrochemicals catering to crop protection, personal care and pharmaceutical and veterinary drugs segments. It is 70% export oriented.
Laxmi Organics is into acetyl intermediates and specialty intermediates and the largest manufacturer and exporter of ethyl acetate in India. Laxmi also plans to raise around Rs.800 crore via IPO route.
After the success of IPOs like Rossari and Chemcon and the outstanding performance of specialty chemical companies in the bourses like SRF, Navin Fluorine and Aarti Industries, there is a sure short appetite for specialty chemicals companies in India. It is to ride this appetite that Anupam Rasayan and Laxmi Specialty Chemicals will be hitting IPO markets.
Anupam Rasayan, based in Surat, plans to raise Rs.800 crore via an IPO in the next calendar year. Anupam is in the business of agrochemicals catering to crop protection, personal care and pharmaceutical and veterinary drugs segments. It is 70% export oriented.
Laxmi Organics is into acetyl intermediates and specialty intermediates and the largest manufacturer and exporter of ethyl acetate in India. Laxmi also plans to raise around Rs.800 crore via IPO route.