Mumbai, Mar 8 (UNI) Surat based, custom synthesis and manufacturing focused specialty chemicals company Anupam Rasayan India Limited, IPO will open for subscription on Friday, March 12, 2021 and close on Tuesday, March 16, 2021.
Minimum Bid Lot is 27 Equity Shares and in multiples of 27 Equity Shares thereafter.
The price band for the Offer has been decided at Rs 553.00 – Rs 555.00 per Equity Share. The Company may, in consultation with the book running lead managers , consider participation by Anchor Investors which shall be one Working Day prior to the Bid/ Issue open Date, i.e. Wednesday, March 10, 2021.
The Floor Price is 55.30 times the face value of the Equity Shares and the Cap Price is 55.50 times the face value of the Equity Shares.
The Issue aggregating up to Rs 7,600 million comprises a complete fresh issuance of Equity Shares, and will be listed on BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE).
The Company proposes to utilise the Net Proceeds towards repayment/prepayment of certain indebtedness availed by the Company and for general corporate purposes.
Axis Capital Limited, Ambit Private Limited, IIFL Securities Limited and JM Financial Limited are the book running lead managers to the Issue (BRLMs).
UNI JS SV 1458