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
Speciality chemicals major Anupam Rasayan files for Rs 760 cr IPO ANI | Updated: Dec 24, 2020 11:06 IST
Mumbai (Maharashtra) [India], December 24 (ANI): Surat-based speciality chemicals company Anupam Rasayan has filed its draft red herring prospectus (DRHP) with the stock market regulator to raise an aggregate of Rs 760 crore.
The issue proceeds will be used mainly for repayment of debt. As stated in the DRHP, the company may consider a discount for eligible employees bidding for the reservation portion.
Bankers appointed to the issue are Axis Capital, Ambit Private, IIFL Securities and JM Financial.
The company started 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, diazotisation and hydrolysis.
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NEW DELHI: Specialty chemical company Anupam Rasayan has filed preliminary papers with markets regulator Sebi to raise Rs 760 crore through an initial public offering. Proceeds of the issue would be used mainly for repayment of debt, the company said in the draft red herring prospectus (DRHP). Surat-based company has decided to reserve a portion for its employees and may consider a discount for eligible staff. Anupam Rasayan commenced operations in 1984 with conventional products and now it makes speciality chemicals that involve multi-step synthesis and complex chemistries. It has six multi-purpose manufacturing facilities based in Gujarat with a combined aggregate installed capacity of around 23,396 metric tonne, of which 6,726 metric tonne was added in March 2020.
Updated Dec 24, 2020 | 13:25 IST
The company mainly caters to the agrochemical, personal care and pharmaceutical sectors, which accounted for over 95 per cent of its revenues in 2019-20. Representational image
New Delhi: Specialty chemical company Anupam Rasayan has filed preliminary papers with markets regulator Sebi to raise Rs 760 crore through an initial public offering.
Proceeds of the issue would be used mainly for repayment of debt, the company said in the draft red herring prospectus (DRHP).
Surat-based company has decided to reserve a portion for its employees and may consider a discount for eligible staff.
Anupam Rasayan commenced operations in 1984 with conventional products and now it makes speciality chemicals that involve multi-step synthesis and complex chemistries.