: Thursday, March 11, 2021, 11:44 AM IST
Anupam Rasayan raised Rs 225 crore from 15 anchor investors: Know about the company before investing in its IPO
Anupam Rasayan raised Rs 225 crore from 15 anchor investors: Know about the company before investing in its IPO
Surat-based Anupam Rasayan has raised approximately Rs 225 crore from 15 anchor investors ahead of its initial public offering (IPO). The company informed the exchange that it has allocated 40,48,647 shares at Rs 555 per share on March 10, 2021 to the anchor investors.
The company attracted renowned institutional investors like Birla MF, Nomura Asset Management, Fidelity International, Sundaram MF, SBI Life, IIFL Special Opportunities Fund, Malabar and Max Life for the pre-IPO.
Anupam Rasayan India Limited IPO of Equity Shares to open on Friday, March 12, 2021
Posted On: 2021-03-08 06:00:41 (Time Zone: Arizona, USA)
Surat based, custom synthesis and manufacturing focused specialty chemicals company Anupam Rasayan India Limited( Company or Anupam Rasayan ), will open the Bid/Issue period in relation to its initial public offering of Equity Shares (the Issue / IPO ) on Friday, March 12, 2021 and close on Tuesday, March 16, 2021. The price band for the Offer has been decided at Rs. 553.00 - Rs. 555.00 per Equity Share. The Company may, in consultation with the book running lead managers (the BRLMs ), consider participation by Anchor Investors which shall be one Working Day prior to the Bid / Issue open Date, i.e. Wednesday, March 10, 2021.
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.
Several major acquisitions and divestitures captured headlines in February, as well plans for new facilities.
Powder & Bulk Solids released a roundup of chemical plant tour videos and ACS named a new VP of regulatory and technical affairs. Changes to OSHA’s Hazard Communication standard were proposed last month.
Powder & Bulk Solids editors selected these posts to provide our audience with an overview of some of the most interesting chemical industry-related developments that were reported in the last month.
As the pandemic continues to upend professional life,
Powder & Bulk Solids created a list of videos to enable our audience to virtually “tour” some of the world’s most advanced chemical and petrochemical facilities.
An ammonia release occurred at the
Eastman chemical plant in St. Gabriel, LA on Monday, causing officials to temporarily close down part of a highway near the facility, ABC News affiliate WBRZ reported. Eastman said in a statement to the station that three employees at a business near the plant reported that they were exposed to the ammonia.
Workers at the Eastman plant were able to stop the release in about 10 minutes, according to the television news station. An investigation into the cause of the incident is ongoing.
Here are some other developments in the chemical industry that captured headlines over the last week: