NEW DELHI: Anupam Rasayan s Rs 760 crore IPO opened for subscription this morning. The issue by the specialty chemicals company comprises entirely fresh issuance of shares, and is being sold in the Rs 553-555 price band.
At the upper limit of the price band, the scrip is asking a PE of 95.2 times trailing 12-month basis on restated EPS of Rs 5.80. This is significantly higher than the peer average of 33 times. Some analysts said the asking valuations exceed growth prospects.
Others insist on subscribing to the issue for the long term, as they see robust growth, market share gains and improved margins for the specialty chemicals company going forward.
The Surat-based company, Anupam Rasayan, kicked off its public offering today, and the issue will remain open for subscription till March 16.The company has
The ground type segment is estimated to account for the largest share of the alumina trihydrate market in 2020.
Based on type, the ground segment is estimated to account for the largest share of the alumina trihydrate market in 2020 in terms of volume. It is widely used in insulating devices, plastics, rubber, catalyst, paper, glass, artificial stone, glass steel, potting, resin, adhesives, grille, carpet, and other industries. It has a higher surface area, irregular particle morphology, and wide particle size distribution. The particle size of ground alumina trihydrate ranges from 1 micron-50 micron. It is an economical and cost-effective fire retardant.
The flame retardant application segment is estimated to account for the largest share of the alumina trihydrate market in 2020.
Alumina Trihydrate Market worth $1.9 billion by 2025 - Exclusive Report by MarketsandMarkets Alumina Trihydrate Market
by Type (Ground, Wet, Dry, Precipitate), Application (Flame Retardant, Filler, Antacid), End-Use Industry (Plastic, Building & Construction, Paints & Coatings, Pharmaceuticals, Glass, Rubber), Region - Global Forecast to 2025 , published by MarketsandMarkets, the global Alumina Trihydrate Market size in 2020 is estimated at USD 1.5 billion and is projected to reach USD 1.9 billion by 2025, at a CAGR of 5.5% from 2020 to 2025. The major drivers for the market include the rising consumer demand for alumina trihydrate in different applications and end-use industries, such as flame retardants, and paints & coatings. However, the substitutes present in the market, for instance, magnesium hydroxide, can restrain the market growth.