InvestorQ : What will the proceeds of the Anupam Rasayan IPO be used for?
Riya Dwivedi made post
IPO

What will the proceeds of the Anupam Rasayan IPO be used for?

Answer
image
tanvi Patel answered.
2 months ago
Follow
Proceeds from the issue will be primarily used to pay off Rs563.70cr in debt, including accrued interest. As on 31st Jan, 2021, Anupam Rasayan had total debt worth Rs843.5cr. Post-IPO, the promoter shareholding in Anupam Rasayan IPO will fall to 65.4%, from 75.8% earlier.
Of the total shares available, Half of the issue is reserved for qualified institutional buyers, 35% for retail investors, 15% for non-institutional bidders.
0 Views