Anupam Rasayan Share Allotment: Allotment of shares is going to be finalized today i.e. on March 19, under the IPO of Anupam Chemicals, a company making specialty chemical. Investors who will be allotted shares of the company, they will come in their demat account by 23 March. The stock is to be listed on 24 March. At present, Anupam Chem’s IPO of Rs 760 crore had received a great response from the investors and the issue had received bids more than 44 times. The price band for this IIPO, opened from March 12 to March 16, was fixed at Rs 553-555 per share. The stock is trading at a premium of Rs 120-130 in the gray market. If you have also placed bets in the IPO, then check whether you got the shares or not.
Investors’ strong response
Anupam Chemicals KIPO had a size of 1.66 crore shares, while it has received bids for 42.71 crore shares. The Reserve Porsion subscribed 10.81 times for retail investors, while Reserve Porson received 65.99 times bids for qualified institutional buyers. Reserve Porson has received 97.78 times bids for non-institutional investors.
Option 1: From the BSE website
For this, first you have to go to the BSE website.
After that the equity box has to be checked.
Then you have to enter the name of the issue in the dropdown.
After that you have to type your application number in the box.
After that you will have to provide information about your PAN number.
Finally, you have to click on the search button, after which the complete information will be revealed.
Option 2: On the registrar’s website
KFintech Private Limited is the registrar for this issue. For this IPO, one has to go to the registrar’s website.
The website is https://kcas.kfintech.com/ipostatus/.
Type the company name in the dropdown.
After this, enter PAN number, application number or depository / client ID in the box
Then enter the captcha and click on the search button.
(Note – If the share is allotted, then the status will be visible.)
The business
The 53 global agrochem customers of Surat-based company Anupam Chemicals include names like Synginta, Sumitomo and UPL. Anupam Chemicals supplies large at economical price. Two-thirds of the company’s revenue comes from exports. In the financial year 2014-15, the number of products of the company was 15, which has reached 41 by December last. The company’s focus is on value engineering, new experiments and specialized chemical formulations.
Financial position of the company
During the financial year 2017-18 to FY 2019-20, the company revenue grew at a rate of 24 per cent per annum to Rs 528 crore and the working profit increased by 35 per cent to Rs 134 crore. Net profit growth remained sluggish, as depreciation and capacity expansion pressures remained high. The company has incurred a capital expenditure of Rs 800 crore from FY 2017-18 to FY 2020-21.
Talking about the EBITDA of the company, it was 135 crores in the last financial year whereas in the first 9 months of the current financial year it is Rs 131 crores. The company’s revenue grew 45 per cent to Rs 539 crore in the three quarters of the current financial year. The company’s six plants are operating at 75 to 90 percent capacity. Till December 2020, the company had a total of Rs 842 crore, out of which he wants to pay 563 crore through the proceeds of IPO.
Special features of the issue
The price band of the IPO was kept at Rs 553-555 per share and before the IPO it has raised Rs 225 crore from anchor investors. Anupam Rasay has kept lot size of 27 shares for the IPO, that is, at least 27 shares had to be bid. Based on the upper price band of Rs 555, the investors had to invest at least Rs 14,985. The promoters’ stake was 75.8 per cent before the issue, which will come down to 65.4 per cent after the IPO.
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