Anupam Rasayan India coming with an IPO to raise upto Rs 752 crore
Published On: Wednesday, March 10, 2021 | By: Team KnowMyStock
Surat-based Anupam Rasayan is one of the leading companies engaged in the custom synthesis and manufacturing of speciality chemicals in India. The issue opens on 12 Mar 2021 and closes on 16 Mar 2021. The Price Band is Rs 553-Rs 555 and the Market Lot size is 27 shares and the multiple thereof. The Issue Size is Rs 760 cr and the total number of shares offered are 13,693,693. The shares will be listed on BSE as well as NSE. The issue by the speciality chemicals company comprises entirely fresh issuance of shares and the net proceeds would be utilised towards repayment or prepayment of certain indebtedness and for general corporate purposes. The post-issue implied market capital is pegged at Rs 5,527-5,544 crore.
Anupam Rasayan commenced business as a partnership firm in 1984 as a manufacturer of conventional products and have, over the years, evolved into custom synthesis and manufacturing of life science related specialty chemicals and other specialty chemicals, which involve multi-step synthesis and complex technologies, for a diverse base of Indian and global customers.
Tags: IPO AnupamRasayan customsynthesis
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