Anupam Rasayan IPO will shut on March 16 and the shares are prone to be listed on BSE and NSE
Anupam Rasayan’s Rs 760 crore preliminary public provide (IPO) will open for bidding on March 12. The specialty chemical firm has fastened the difficulty value at Rs 553-555 per share. The concern will shut on March 16 and the shares are prone to be listed on the BSE and NSE.
Anupam Rasayan’s IPO shall be a contemporary concern of fairness shares, in line with the draft doc filed with SEBI. The concern could have 50 per cent quota reserved for QIBs, 15 per cent for non-institutional buyers and 35 per cent for retail buyers. Some portion will even be reserved for the workers.
Investors can put bids for at least 27 fairness shares and in multiples of 27 fairness shares thereafter, upto 13 tons.
The firm plans to make use of the IPO funds to repay / pre-pay debt and for normal company functions.
Anupam Rasayan began operations in 1984. It at the moment has two enterprise verticals, viz. life science-related specialty chemical compounds comprising merchandise pertaining to agro-chemicals, private care and prescribed drugs; and different specialty chemical compounds, comprising specialty pigment and dyes, and polymer components.
Axis Capital, Ambit Private, IIFL Securities and JM Financial are the are the book-running lead managers to the difficulty.
