Anupam Rasayan IPO Date, Price, GMP, Subscribe or Not?

According to pre-market buzz, Anupam Rasayan IPO is estimated to be one of the biggest IPO so far in 2021 after Heranba and RailTel. Besides, it will also be interesting to see how Easy Trip Planners IPO perform. Now, let's have a look at its Important Details.

This IPO will open on 12th March 2021 and close on 16th March 2021. Thus, you have 5 complete days to submit your application.

The price band of Anupam Rasayan IPO is fixed at Rs 553-555 per equity share. Its face value is Rs 10 per equity share.

The GMP or Grey Market Premium we are looking at here is Rs 250 as of now(8th March, 14:45). Thus, it is nearly 50% higher. As the IPO progresses ahead, its GMP is expected to rise so it will be interesting to see how investors look at it.

The Allotment Date of Anupam Rasayan IPO is 19th March 2021. Besides, refunds will be given on 22nd March and shares will be credited on 23rd March. You can check your allotment status on KFin Technologies.

Anupam Rasayan India Limited will be listed on BSE and NSE on 24th March 2021 at 10 am. You can watch the listing live on most of the stock market news channels such as CNBC Awaaz, Zee Business, and ET Now.

This 1984 company is into custom synthesis and manufacturing of specialty chemicals(life sciences and others). It has its own R&D team. Moreover, its manufacturing units are located in areas which give them ease of operations and in turn maximize returns. Besides, it has clients in International countries such as the United States, Europe, and Japan. Some of its product categories include agrochemicals, personal care and pharmaceuticals.

Anupam Rasayan India Limited is a consistent performer in terms of financials. Currently, it has assets accumulating to around Rs 1919 crore which was only half of it 2 years back. Besides, its revenue rose by Rs 214 crore and profit(after tax) by Rs 7.7 crore. Although, compared to last year, it has lost Rs 4.9 crores in profit(data till Dec-20) possibly due to Covid-19 impact. Considering its GMP estimates, it seems like it will give a minimum of 30% profit on listing so people willing to book profits early can subscribe. Moreover, its long term prospects look promising with steady financials so people can expect good returns in a span of 3-5 years.

You can also have a look at the Top 5 ETFs in India to invest in 2021 using SIP.