Anupam Rasayan subject, which was bought in worth band of Rs 553-555 per share, was subscribed by 44 instances.
Anupam Rasayan shares listed at a reduction on the bourses. The shares listed at Rs 534.37 on the BSE, which is a 3.6 per cent low cost to the problem worth of Rs 555. On the NSE, the shares listed at Rs 520, a reduction of Rs 6.3 per cent. At 10:15 am, the shares of Anupam Rasayan have been buying and selling at Rs 516.85, decrease by 7 per cent on the BSE and Rs 514.95, decrease by 7.03 per cent on the NSE. The specialty chemical firm’s Rs 760 crore preliminary public provide (IPO) was open for subscription between March 12 and March 16. The subject, which was bought within the worth band of Rs 553-555 per share, was subscribed by 44 instances.
Ahead of the IPO, Anupam Rasayan raised Rs 225 crore from 15 anchor traders, together with Aditya Birla Sunlife Mutual Fund (MF), Nomura Funds Ireland Public Company, Fidelity International, Sundaram MF and SBI Life Insurance Co.
Anupam Rasayan began operations at Surat in 1984. It has six manufacturing items throughout the state of Gujarat, with a mixed put in capability of round 23,396 metric tonnes.
Axis Capital, Ambit Private, IIFL Securities and JM Financial are the book-running lead managers, whereas kfintech is the registrar to the problem.
Anupam Rasayan India is the eleventh firm to checklist on the bourses this 12 months.
