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: 24 Mar, 2021, 15:55 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

30 Comments  |  
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Deal Cadet Deal Cadet

i am a novice in ipo. what do you guys suggest, should i subscribe or not?

Deal Cadet Deal Cadet

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

Deal Cadet Deal Cadet

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.

Deal Lieutenant Deal Lieutenant
Admin
rsnit wrote:

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.

As you increase lots, your chances also increase.

Deal Cadet Deal Cadet
Expand
FighterMan wrote:

As you increase lots, your chances also increase.

Doesn’t really matter in case of over subscription.
One lot or multiple lot all are treated equally..

Since large applications are ineffective, one can go for using the same amount in making multiple applications from different demat accounts. Probability of successful allotment increases to six times when one goes for six applications of single lots than making one application of six lots. It is important to understand that these demat accounts need to be linked to different PAN accounts. In other words, one can’t make more than one application in his/her own name.

Deal Newbie Deal Newbie
Expand
FighterMan wrote:

As you increase lots, your chances also increase.

Definitely not. This will not happen.

If u want to increase the chance apply from diff demat accounts of your family members

Deal Cadet Deal Cadet
Expand
FighterMan wrote:

then what’s true?

when an ipo is oversubscribed it doesn’t matter if you bid for 1 lot or 100 your if allotted you will only get 1 lot so there is no point in applying for 100 lot and getting your money stuck for those days instead apply for single lot….

Deal Cadet Deal Cadet
Expand
FighterMan wrote:

then what’s true?


https://cdn0.desidime.com/attachments/photos/671742/medium/download_20210314_115621.jpg?1615792661Please check above image as well as twitter handle ipo_mantra (>100k followers) for information related to ipo, GMP etc.

Deal Subedar Deal Subedar

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

Deal Subedar Deal Subedar
suplex_city wrote:

As usual no allotment
My strike continues
17-0

Your Lucky to not get they allotment!
Joh hota hai ache ke liye hota hai

Shopping Friend Shopping Friend

mila finally par kuch haath na laga. #discountListing cry

replyuser