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Ahead of its IPO, Anupam Rasayan raised around Rs 225 crores from anchor investors on March 10. The IPO is open for public subscription between March 12 and 16. The price band is Rs.553 to Rs.555 per equity share.

March 24: Listing Day

  • The shares of Anupam Rasayan listed at a discount.
  • The share price listed at Rs 520 on the NSE which is a 6.3% discount to the issue price and at Rs 534.7 which is a 3.6% discount.

March 14: Day 3

As of 5.00 p.m.

  • The Anupam Rasayan IPO was subscribed 44.06 times on day 3 of bidding.
  • The issue received bids for 42.74 crore shares as against an offer size of 97.01 lakh shares, according to NSE.

Subscription Status

  • Retail Investors: 10.77 times the reserved portion
  • Non-Institutional Investors: 97.42 times the reserved portion
  • Qualified Institutional Buyers (QIB): 65.74 times the reserved portion
  • Employees: 1.71 times the reserved portion

As of 3.20 p.m.

  • The Anupam Rasayan IPO was subscribed 31.26 times so far on day 3 of bidding.
  • The issue received bids for 30.32 crore shares as against an offer size of 97.01 lakh shares, according to NSE.

Subscription Status

  • Retail Investors: 10.25 times the reserved portion
  • Non-Institutional Investors: 72.71 times the reserved portion
  • Qualified Institutional Buyers (QIB): 39.33 times the reserved portion
  • Employees: 1.65 times the reserved portion

As of 1.50 p.m.

  • The Anupam Rasayan IPO was subscribed 7.21 times so far on day 3 of bidding.
  • The issue received bids for 6.99 crore shares as against an offer size of 97.01 lakh shares, according to NSE.

Subscription Status

  • Retail Investors: 9.05 times the reserved portion
  • Non-Institutional Investors: 6.14 times the reserved portion
  • Qualified Institutional Buyers (QIB): 5.25 times the reserved portion
  • Employees: 1.5 times the reserved portion

As of 11.30 a.m.

  • The Anupam Rasayan IPO was subscribed 4.76 times so far on day 3 of bidding.
  • The issue received bids for 4.61 crore shares as against an offer size of 97.01 lakh shares, according to NSE.

Subscription Status

  • Retail Investors: 7.67 times the reserved portion
  • Non-Institutional Investors: 2.84 times the reserved portion
  • Qualified Institutional Buyers (QIB): 1.4 times the reserved portion
  • Employees: 1.18 times the reserved portion

March 13: Day 2

As of 5.00 p.m.

  • The Anupam Rasayan IPO was subscribed 3.64 times on day 2 of bidding.
  • The issue received bids for 3.53 crore shares as against an offer size of 97.01 lakh shares, according to NSE.

Subscription Status

  • Retail Investors: 6.6 times the reserved portion
  • Non-Institutional Investors: 1.39 times the reserved portion
  • Qualified Institutional Buyers (QIB): 0.37 times the reserved portion
  • Employees: 0.93 times the reserved portion

As of 3.40 p.m.

  • The Anupam Rasayan IPO was subscribed 3.04 times so far on day 2 of bidding.
  • The issue received bids for 2.28 crore shares as against an offer size of 97.01 lakh shares, according to NSE.

Subscription Status

  • Retail Investors: 5.42 times the reserved portion
  • Non-Institutional Investors: 1.31 times the reserved portion
  • Qualified Institutional Buyers (QIB): 0.37 times the reserved portion
  • Employees: 0.64 times the reserved portion

As of 1.00 p.m.

  • The Anupam Rasayan IPO was subscribed 2.36 times so far on day 2 of bidding.
  • The issue received bids for 2.28 crore shares as against an offer size of 97.01 lakh shares, according to NSE.

Subscription Status

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  • Retail Investors: 4.69 times of the reserved portion
  • Non-Institutional Investors: 0.24 times of the reserved portion
  • Qualified Institutional Buyers (QIB): X
  • Employees: 0.6 times the reserved portion

As of 11.10 a.m.

  • The Anupam Rasayan IPO was subscribed 1.92 times so far on day 2 of bidding.
  • The issue received bids for 1.86 crore shares as against an offer size of 97.01 lakh shares, according to NSE.

Subscription Status

  • Retail Investors: 3.85 times of the reserved portion
  • Non-Institutional Investors: 0.15 times of the reserved portion
  • Qualified Institutional Buyers (QIB): Not bid yet
  • Employees: 0.49 times the reserved portion

March 12: Day 1

As of 5.00 p.m.

  • The Anupam Rasayan IPO was subscribed 1.29 times so far on day 1 of bidding.
  • The issue received bids for 1.25 crore shares as against an offer size of 97.01 lakh shares, according to NSE.

Subscription Status

  • Retail Investors: 2.58 times of the reserved portion
  • Non-Institutional Investors: 9% of the reserved portion
  • Qualified Institutional Buyers (QIB): Not bid yet
  • Employees: 0.3 times the reserved portion

As of 3.20 p.m.

  • The Anupam Rasayan IPO was subscribed 85% so far on day 1 of bidding.
  • The issue received bids for 82.34 lakh shares as against an offer size of 97.01 lakh shares, according to NSE.

Subscription Status

  • Retail Investors: 1.71 times of the reserved portion
  • Non-Institutional Investors: 5% of the reserved portion
  • Qualified Institutional Buyers (QIB): Not bid yet
  • Employees: 5% of the reserved portion

As of 12.00 p.m.

  • The Anupam Rasayan IPO was subscribed 48% so far on day 1 of bidding.
  • The issue received bids for 46.39 lakh shares as against an offer size of 97.01 lakh shares, according to NSE.

Subscription Status

  • Retail Investors: 97% of the reserved portion
  • Non-Institutional Investors: 2% of the reserved portion
  • Qualified Institutional Buyers (QIB): Not bid yet
  • Employees: 1% of the reserved portion

March 10: Funds Raised From Anchor Investors

The company has decided to allocate 40.48 lakh shares to 15 anchor investors at Rs 555 per share.
Aditya Birla Sunlife Mutual Fund, Sundaram Mutual Fund, IIFL Special Opportunities Fund, Nomura Funds Ireland Public Ltd Company, SBI Life Insurance Co, Malabar Select Fund, Max Life Insurance and Fidelity International.

The anchor book witnessed participation across different investor categories: domestic mutual funds, alternative investment funds, foreign portfolio investors and insurance companies; and across geographies.

About The Company

Anupam Rasayan India Ltd. is engaged in the business of custom synthesis and manufacturing of specialty chemicals in India. The company’s primary focus is on developing in-house innovative processes for manufacturing products requiring complex chemistries and to achieve cost optimisation.

There are two distinct business verticals in Anupam Rasayan:

  • Life science-related specialty chemicals comprising products related to agrochemicals, personal care, and pharmaceuticals; and
  • Other specialty chemicals, comprising specialty pigment and dyes, and polymer additives.

Read more on Groww: Anupam Rasayan IPO

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