Anupam Rasayan IPO Listing Estimate @ Chanakyanipothi.com , … So D Day is March 24th, 2021… the day on which this IPO will get listed.

The IPO which closed 16 March 2021 has received strong response from all categories of the Investors.
just have a look at the  final subscription figures

As on 16.03.2021 @ 5.00 pm
QIB: 2709259 Shares : 65.74 T
NII:  2031765 Shares : 97.42 T
RII:  4740785 Shares : 10.73 T
Tot: 9701809 Shares: 44.04T
These clearly indicate solid reponse from NII as well as RII investors.Huge oversubscription in NII category increased interest costs and at the same time reduced chances of allotment and the persons who have made advance selling will have to cover the  shares on listing.

Small note about the company
The Stock market  shows fancy for Speciality chemicals businesses and assigns high valuations. Look at the valuation of PI Industries @ PE Multiple of 69,Navin Fluorine @ PE Multiple of 30.25, Astec Lifesciences @ PE Multiple of 46.43
SRF @ PE Multiple of 30.13 and other such other companies.

Anupam Rasayan isone of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India .Its key focus in its custom synthesis and manufacturing operations is developing in-house innovative processes for manufacturing products requiring complex chemistries and achieving cost optimization.

It has two distinct business verticals (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.

Anupam Rasayan IPO  allotment Price is Rs. 555

Anupam Rasayan IPO Latest GMP  #
On 24 March 2021 
Grey Market Premium Rs. 70

NII investors’ Cost:
The shares offered to NII are  15% of the offer and hence the allotment has been tough .Interest cost to the NII investors is Rs. 72.58 per share

Anupam Rasayan Ltd Financial Details :
Earnings per Share 2017-18 Rs 6.59
Earnings per Share 2018-19 Rs 6.60
Earnings per Share 2019-20 Rs 6.94
Earnings per Share 2020-21,6M Rs 3.39
Book Value of the Share as on 30.09.2020 Rs 83.06
Return on Net Worth: 17-18 11.78 %
Return on Net Worth: 18-19 10.21 %
Return on Net Worth: 19-20 9.62 %
Return on Net Worth: 20-21,6M : 4.21 %
Upper Price Band/last EPS: 79

Anupam Rasayan IPO, Estimate of Listing price :
Speciality Chemicals companies enjoy high valuation and yet the IPO is offered at relatively very high valuation
Compared to Peer group scrips, the allotment price is already at somewhat high valuation.
However , the IPO market  currrently  is in bull grip, the scrip, we believe is expected
1) to get listed at Rs. 684 ( if the Sensex on 24th is in Strong Green zone) or
2) to get listed at Rs. 625/627 ( if the Sensex on 19th is in Strong Red zone)
and during the intraday may show somewhat higher price , may be Rs. 684/700.
However partial profit booking may be done at this price range , to play safe.

(Legal Note:We suggest you to consult your financial expert before taking any decision on buying or selling of the scrip on listing. The Price estimate above may go wrong because of many unknown factors.)

To Study Anupam Rasayan IPO Page @
https://chanakyanipothi.com/anupam-rasayan-ipo-grey-market-premium-gmp-analysis/

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