Specialty Chemicals Company Anupam Rasayan files for Rs. 760 Cr IPO
Posted On: 2020-12-24 21:00:45 (Time Zone: Arizona, USA)
Surat Based, Custom Development and Manufacturing focused speciality chemicals company, Anupam Rasayan has filed its DRHP with the regulators to raise an aggregate of Rs. 760 Crs. The issue proceeds would be used mainly for repayment of debt. As stated in the DRHP, the company may consider an employee discount for eligible employees bidding for the employee reservation portion.
The company commenced operations in 1984 with conventional products and has now carved a niche for itself into speciality chemicals that involve multi step synthesis and complex chemistries such as Etherification, Acylation, Cyclization, Diazotization and Hydrolysis etc. It currently operates out of 6 multi-purpose manufacturing facilities based in Gujarat of which 4 facilities are located in notified Industrial Estate at Sachin and are in close proximity to the Adani Hazira Po