Latest Breaking News On - நவீன் ஃப்ளோரின் சர்வதேச - Page 9 : comparemela.com

NEW DELHI: Surat-based Anupam Rasayan has set the price band for its Rs 760 crore IPO at Rs 553-555 per share. The initial public offer (IPO) will open on Friday and will conclude on March 16. The issue by the specialty chemicals company comprises entirely fresh issuance of shares and the net proceeds would be utilised towards repayment or prepayment of certain indebtedness and for general corporate purposes. The post-issue implied market capital is pegged at Rs 5,527-5,544 crore. The company has listed peers such as PI Industries, Navin Fluorine International, Astec Lifesciences and SRF. Prospective retail investors can bid a minimum of a one lot of 27 shares and in multiple thereof. The retail quota for the issue is set at 35 per cent. The company has kept up to 220,000 shares worth Rs 11 crore reserved for employees, who would also be offered a discount of Rs 55 per share.

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