Anupam Rasayan Share Price Today: Anupam Rasayan shares opened at Rs 534.7 down nearly 4% against the issue price of Rs 555. Anupam Rasayan share price today is Rs 519, down Rs 36 or 6.5%. The issue was subscribed 3.64 times and issue subscribed 6.60 times in the retail category. Anupam Rasayan is engaged in the custom synthesis and manufacturing of speciality chemicals in India. Some Analysts believe there could be selling in the counter post listing.  

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 Anupam Rasayan Valuation:

In the recent past, Company has a robust track record of performance. It is expected that Company will be able to gain more market share and simultaneously its margins will also improve. The company priced its issue at 95.2x PE at the upper band on a trailing basis which is aggressively priced as compared to its peers.

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However, considering the rising fancy for life care and speciality chemicals segment linked with future performance trends, the company is expected to do well post listing going forward. Moreover, Company has a strong financial position and has been generating positive cash flow.

Anupam Rasayan has developed strong and long-term relationships with various multinational corporations, including Syngenta Asia Pacific, Sumitomo Chemical Company Limited and UPL Limited that has helped it expand product offerings and geographic reach across Europe, Japan, United States and India. In particular, it has been manufacturing products for certain customers for over 10 years. In the nine months ended December 31, 2020, Anupam Rasayan manufactured products for over 53 domestic and international customers, including 17 multinational companies. The Government of India has also recognized the Company as a three-star export house.