ANUPAM RASAYAN INDIA LIMITED IPO Details
Incorporated in 1984, Anupam Rasayan India is one of the leading companies engaged in the manufacturing of specialty chemicals and custom synthesis in India. It has two distinct business verticals:
1. Life science products related to specialty chemicals including products related to pharmaceuticals, agrochemicals, and personal care.
2. Other specialty chemicals that comprise specialty pigment & dyes, and polymer additives.
The company has developed strong and long-term relationships with multinational corporations which include Sumitomo Chemical Company Limited, Syngenta Asia Pacific Pte. Ltd., and UPL Limited which helped the company to expand its product offerings and geographic reach across India, United States, Japan, and Europe.
In the nine-month period ended 31st December 2020, it manufactured products for 53 domestic & international customers which include 17 multinational companies. The company has 6 manufacturing facilities which are located in Gujarat. Four facilities are located in Sachin (Surat, Gujarat) and two in Jhagadia (Bharuch, Gujarat) which have an aggregated installed capacity of 23,438 MT as of 31st December 2020.
In FY 2020 and the nine-month period ended 31st December 2020, the revenues from the life science-related specialty chemicals vertical were 95.37% and 93.75% and revenue from other specialty chemicals were 4.63% and 6.25% respectively.
The promoters of the company are Mr. Anand S Desai, Dr. Kiran C Patel, Ms. Mona A Desai, Kiran Pallavi Investments LLC, and Rehash Industrial and Resins Chemicals Private Limited.
Strengths of the Company:
- The company has strong and long-term relationships with diversified customers across the geographies & industries with significant entry barriers.
- The company has a core focus on process innovation through its value engineering, consistent R&D, and complex chemistries.
- The company has a diversified and customized product portfolio with its strong supply chain.
- It has automated manufacturing facilities with a strong focus on sustainability, environment, and health & safety measures.
- The company has a consistent track record of financial performance.
- It has a qualified & strong management team and experienced promoters.
Purpose of the IPO:
- To repay or prepay the indebtedness availed by the company.
- To meet the general corporate purposes
Financial Performance of the Company:
| For the nine-month period ended 31st December 2020 | FY 2020 | FY 2019 | FY 2018 | |
| Total Revenue | 563.16 | 539.38 | 520.96 | 394.18 |
| Total Expenses | 496.39 | 468.01 | 455.24 | 299.41 |
| Profit After Tax | 48.09 | 52.97 | 50.20 | 40.34 |
| Total Assets | 1,919.21 | 1,664.06 | 1,322.50 | 1,001.20 |
*All the values are in crores and as per DRHP.
Valuation of the Company:
| For the nine-month period ended 31st December 2020 | FY 2020 | FY 2019 | FY 2018 | |
| Basic Earnings per Share (EPS) | 6.03 | 6.94 | 6.60 | 6.59 |
| Diluted Earnings per Share (EPS) | 6.03 | 6.94 | 6.60 | 6.59 |
| Return on Net Worth (%) | 6.78% | 9.62% | 10.21% | 11.78% |
| Net assets value per Equity share | 95.64 | 76.00 | 67.95 | 61.32 |
*as per DRHP.
Anupam Rasayan India Limited DRHP
Anupam Rasayan India Limited RHP
IPO details:
| Face Value | ₹10 per equity share |
| Market Lot | 27 Shares |
| Minimum Order Quantity | 27 Shares |
| Price Band | ₹553 - ₹555 per equity share |
| Issue type | Book Built Issue IPO |
| Issue Size | ₹760 Crores |
| Fresh Issue | - |
| Offer for Sale | - |
| Listing | NSE, BSE |
Important IPO dates:
| Open Date | 12th March 2021 |
| Close Date | 16th March 2021 |
| Basis of Allotment Date | 19th March 2021 |
| Initiation of Refunds | 22nd March 2021 |
| The credit of shares to Demat Account | 23rd March 2021 |
| Listing Date | 24th March 2021 |
Allocation Quota:
| Category | Portion |
| Qualified Institutional Buyers (QIBs) | Not more than 50% |
| Non- Institutional Buyers (NIIs) | Not less than 15% |
| Retail Investors | Not less than 35% |
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