Anupam Rasayan IPO Price, Date to Issue Size: Details highlighted by Marwadi Financial Services
Anupam Rasayan IPO Price, Date to Issue Size: This is one of the leading companies in the cotton synthesis and manufacturing space dealing with specialty chemicals in India. Anupam Rasayan India Limited said it will launch its initial public offer (IPO) on March 12, 2021. The offer will close on March 16, 2021 and the company has fixed the price band at Rs 553 – Rs 555 per equity share.
Anupam Rasayan IPO Price, Date to Issue Size: This is one of the leading companies in the cotton synthesis and manufacturing space dealing with specialty chemicals in India. Anupam Rasayan India Limited said it will launch its initial public offer (IPO) on March 12, 2021. The offer will close on March 16, 2021 and the company has fixed the price band at Rs 553 – Rs 555 per equity share.
Anupam Rasayan India is engaged in custom synthesis and manufacturing of specialty chemicals where its key focus is developing in-house innovative processes for manufacturing products requiring complex chemistries and achieving cost optimization.
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Anupam Rasayan India have two distinct business verticals:
(i) life science related specialty chemicals comprising products related to agrochemicals, personal care and pharmaceuticals
(ii) other specialty chemicals, comprising specialty pigment and dyes, and polymer additives
Anupam Rasayan India have strong and long-term relationships with various multinational corporations, including, Syngenta Asia Pacific Pte, Sumitomo Chemical Company Limited and UPL . Anupam Rasayan India manufactured products for over 53 domestic and international customers, including 17 multinational companies. Anupam Rasayan India has 6 manufacturing facilities out of which 4 are situated at Sachin and 2 are located at Jhagadia with an aggregated installed capacity of 23438 MT.
Anupam Rasayan India Business Highlights:
They manufacture specialty chemicals, which are primarily chemical components that improve the properties of Customer’s products, and have, over the years, expanded the commercialized product portfolio, which are used in diverse end-user segments. Its products are sold to multinational corporations for use as additives, ingredients or intermediates that impart particular characteristics to the customer’s end-use products
Anupam Rasayan India Valuations:
Considering TTM EPS of Rs 5.83 on a post issue basis, the company is going to list at a P/E of 95.16X with the market cap of Rs 55445 mn. The issue is aggressively priced compared to its peers; Navin Fluorine is trading at a P/E of 29.6X and PI Industries at 51.4X. Marwadi Financial Services recommend to “Subscribe” this IPO based on its past track record, strong long-term relationship with its customers and also the strategic manufacturing location along with huge capex in the last three fiscals.
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