Thursday, March 11, 2021

Anupam Rasayan IPO Subscription Numbers & Status | Should You Subscribe?

Anupam Rasayan IPO subscription to start from 12 March 2021, Friday. The company is a leading specialty chemicals manufacturers in India. Anupan Rasayan grey market is active in this IPO and stable around 250 level. We will have a good subscription in this IPO as well. The retail portion of this IPO is 35%, QIB is 50% and HNI is 15% quota. The company has long term partnership with brands like Syngenta Asia Pacific Pte Ltd, Sumitomo Chemical Company Ltd, and UPL Limited.

IPOWatch View: We recommend investors to apply this IPO with short term gain and long term basis as well. Anupam Rasayan IPO might subscribed with higher numbers. Stay tuned for the IPO.

Anupam Rasayan Logo

Anupam Rasayan IPO Subscription Status

(Fully Subscribed)

Category Day 1 Day 2 Day 3
QIB 0.00x 0.37x 65.74x
NII 0.09x 1.39x 97.42x
RII 2.58x 6.60x 10.77x
EMP 0.30x 0.93x 1.71x
Total 1.29x 3.64x 44.06x

Day 1 Subscription Highlights:

Anupam Rasayan fully subscribed on day 1. The retail segment subscribed 2.58 times. The offer size was reduced by Anupam Rasayan to 97.01 lakh shares as the company raised ₹225 crore from anchor investors on March 10. The IPO subscribed 1.29 times on day 1 with over 2 times subscription from the retail category. The GMP stood at 260-270 as on 12 March 2021.

Day 2 Subscription Highlights:

Anupam Rasayan IPO good response continues on day 2 as well. The QIB started bidding with 0.37x while HNI fully subscribed to 1.39x. The retail already gone to a good numbers of 6.60x today. The IPO subscribed 3.64x on day 2. The grey market is gone down from 260 to 180 as market looks negative. Lets see how it impact overall.

Day 3 Subscription Highlights:

The last day become a good one for the IPO. The QIB and HNI came up with a higher subscription. The QIB subscribed 65.74x times, HNI 97.24x times and Retail subscribed 10.77x times overall. The final numbers are 44.06 times which will impact on the GMP and the listing as well. We can expect 50% listing gain in Anupam Rasayn IPO.

About Anupam Rasayan IPO

Anupan Rasayan IPO price band is fixed at ₹553 to ₹555 Per Share. The company to raise  ₹760 crore via IPO. The subscription will closes on 16 March 2021. The allotment will be on 19 March and listing will be on 24 March. Anupam Rasayan minimum bid is 27 Shares with ₹14985 amount while maximum bid is 351 shares with ₹194805.

About Company

Anupam Rasayan India Limited® is one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India. Our business verticals are (i) life science related specialty chemicals comprising products related to agrochemicals, personal care and pharmaceuticals, and (ii) other specialty chemicals, comprising specialty pigment and dyes, and polymer additives. With our customers at the heart of everything we do, our focus is to manufacture products with sustainability using our continuous process technology through flow chemistry and photo chemistry, greater R&D and engineering capabilities to deliver values for our customers for their complex and multi-step synthesis projects.

Since 1984 Anupam Rasayan India Limited® has been a valuable partner to our customers for custom manufacturing of multi-synthesis molecules such as (i) life science related specialty chemicals comprising products related to agrochemicals, personal care and pharmaceuticals, and (ii) other specialty chemicals, comprising specialty pigment and dyes, and polymer additives on exclusive basis for our customers. Certain of our facilities are ISO 9001:2015 and ISO 14001:2015 certified company with sound technology, environment consciousness, rich history of innovation through research, and total commitment to excellence towards quality and sustainability.

We have developed a strong R&D structure to drive company growth. Thanks to our R&D team, Anupam Rasayan India Limited® has secured a strong market position. Because we strongly believe that continued investment in Research and Development activities is imperative for continued success and growth. Our dedicated Research and Development Centre is a perfect testimony of the commitment to this belief.

Green manufacturing and Green growth have always been to the top of our agenda, we have developed new eco-friendly, safer and novel routes for many products. Most of these products have been introduced on an exclusive basis for our customers.

We have Six manufacturing sites that are located in the state of Gujarat: 4 sites are in Sachin, Surat and 2 state of art sites are in Jhagadia, Gujarat.

Anupam Rasayan IPO Subscription FAQs:

When Anupam Rasayan IPO Subscription will start?
The IPO subscription starts on 12 March 2021 for QIB, NII, and Retail Investors.

How much Anupam Rasayan IPO subscribed?
The IPO subscribed 44.06x times on day 3.

What is Anupam Rasayan IPO Retail subscription status?
The RII subscription is 10.77x on day 3.

How to subscribe Anupam Rasayan IPO?
You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.

How do i check live Anupam Rasayan IPO Subscription Numbers?
One can visit our portal for live subscription numbers which we are updating hourly basis or check the numbers on NSE and BSE website.