Anupam Rasayan IPO Date, Price, GMP, Subscribe or Not?

Anupam Rasayan India Limited, a Gujarat-based chemical manufacturing company, is all set to launch its Rs 760 Crore IPO.

by FighterMan Updated: 11 Apr, 2022, 00:31 IST
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Anupam Rasayan IPO
Anupam Rasayan India Limited, a Gujarat-based chemical manufacturing company, is all set to launch its Rs 760 Crore IPO. Some of its promoters include Kiran Pallavi Investments, Rehash Industrial, and Resins Chemicals. The company will use the raised money to clear debts, grow in national and global markets, and other purposes. Now let’s have a look at some of its important details like dates, price, and GMP. Moreover, you will also be guided on whether to subscribe to this IPO or give it a skip.Free Investment with Zerodha. Grab Now!
Anupam Rasayan IPO Important Details

According to pre-market buzz, Anupam Rasayan IPO is estimated to be one of the biggest IPO so far in 2021 after Heranba and RailTel. Besides, it will also be interesting to see how Easy Trip Planners IPO perform. Now, let's have a look at its Important Details.

Opening and Closing Date

This IPO will open on 12th March 2021 and close on 16th March 2021. Thus, you have 5 complete days to submit your application.

Price

The price band of Anupam Rasayan IPO is fixed at Rs 553-555 per equity share. Its face value is Rs 10 per equity share.

GMP(grey market premium)

The GMP or Grey Market Premium we are looking at here is Rs 250 as of now(8th March, 14:45). Thus, it is nearly 50% higher. As the IPO progresses ahead, its GMP is expected to rise so it will be interesting to see how investors look at it.

Allotment Date and Status Check

The Allotment Date of Anupam Rasayan IPO is 19th March 2021. Besides, refunds will be given on 22nd March and shares will be credited on 23rd March. You can check your allotment status on KFin Technologies.

Listing Date

Anupam Rasayan India Limited will be listed on BSE and NSE on 24th March 2021 at 10 am. You can watch the listing live on most of the stock market news channels such as CNBC Awaaz, Zee Business, and ET Now.

Company Profile

This 1984 company is into custom synthesis and manufacturing of specialty chemicals(life sciences and others). It has its own R&D team. Moreover, its manufacturing units are located in areas which give them ease of operations and in turn maximize returns. Besides, it has clients in International countries such as the United States, Europe, and Japan. Some of its product categories include agrochemicals, personal care and pharmaceuticals.

Subscribe or Not?

Anupam Rasayan India Limited is a consistent performer in terms of financials. Currently, it has assets accumulating to around Rs 1919 crore which was only half of it 2 years back. Besides, its revenue rose by Rs 214 crore and profit(after tax) by Rs 7.7 crore. Although, compared to last year, it has lost Rs 4.9 crores in profit(data till Dec-20) possibly due to Covid-19 impact. Considering its GMP estimates, it seems like it will give a minimum of 30% profit on listing so people willing to book profits early can subscribe. Moreover, its long term prospects look promising with steady financials so people can expect good returns in a span of 3-5 years.

You can also have a look at the Top 5 ETFs in India to invest in 2021 using SIP

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FighterMan aka Sahil Hitesh Ajmera is a 4+ Years Experienced Content Writer with 1.2M+ User Sessions, 486.41% max growth, and 1000+ Articles across Best Products, OTT, Telecom, Online Shopping, Finance, Credit Cards, Saving Tips, Deals & Offers, more!
30 Comments  |  
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Deal Cadet Deal Cadet
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i am a novice in ipo. what do you guys suggest, should i subscribe or not?

Deal Cadet Deal Cadet
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Listing gains good, allotments are nightmares in 2021. Retailers are mad about subscribing.

Deal Cadet Deal Cadet
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Any suggestions on suntv, holding 540call

Super Moderator Super Moderator
Moderator
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laughing

Bhai options trade krte ho aur suggestion desidime par poochh rahe ho flushed

Deal Newbie Deal Newbie
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While I have no views on the IPO, I would suggest you read this thread on twitter and decide accordingly

https://twitter.com/aditya_kondawar/status/1368...

Deal Newbie Deal Newbie
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Good Ipo ek IPO 20 20 ID SE BHAR RHA HU …

Deal Lieutenant Deal Lieutenant
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Kalyan jewellers ipo from 16-18 march

Deal Cadet Deal Cadet
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I have been applying for all the IPOs since SBI card last february. But, I have not been allotted anything due to over subscription. Btw, I always apply Only one lot from my single demat account.

Blogger Blogger
Author
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As you increase lots, your chances also increase.

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Budding Star Budding Star
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As usual no allotment
My strike continues
17-0

Deal Subedar Deal Subedar
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Looks like you will get hand on a big lottery

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Deal Subedar Deal Subedar
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got 1 but current gmp less than 50.What to do?

Deal Subedar Deal Subedar
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😔

Deal Legend Deal Legend
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mila finally par kuch haath na laga. #discountListing cry

Deal Cadet Deal Cadet
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smilevu+ anyway
Talk-Of-The-Town Talk-Of-The-Town
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not every ipo is good smile

Commentator Commentator
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Thank god not alloted..

replyuser
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