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Ahead of IPO, Anupam Rasayan raises Rs 225 cr from anchor investors

Speciality chemical company Anupam Rasayan on Wednesday raised Rs 225 crore from anchor investors, ahead of its initial share-sale, which will open for public subscription on Friday. It has been decided to allocate 40,48,647 shares to 15 anchor investors at Rs 555 per share, which is the upper band of the initial public offer. At this price, the company has mopped-up Rs 225 crore, according to a circular uploaded on BSE website. The anchor book saw participation from multiple pools of capital, including foreign portfolio investors, domestic mutual funds, insurance companies and alternative investment funds. Also, the book saw participation from investors across the globe, including India, Asia, the UK and the US.

Anupam Rasayan s Rs 760-cr IPO to open on Mar 12; sets price band at Rs 553-555 a share

Anupam Rasayan initial public offer (IPO) To Open On March 12 Key Things To Know

Anupam Rasayan IPO To Open On March 12. Key Things To Know Anupam Rasayan IPO will be a fresh issue of equity shares and the issue will have 50 per cent quota reserved for QIBs, 15 per cent for non-institutional investors and 35 per cent for retail investors Updated: March 08, 2021 1:20 pm IST Anupam Rasayan IPO will close on March 16 and the shares are likely to be listed on BSE and NSE Anupam Rasayan s Rs 760 crore initial public offer (IPO) will open for bidding on March 12. The specialty chemical company has fixed the issue price at Rs 553-555 per share. The issue will close on March 16 and the shares are likely to be listed on the BSE and NSE.

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