The repayment of debt will result in significant savings in the finance cost.
Shares of Anupam Rasayan opened for trading at Rs 520 on the National Stock Exchange, compared to the issue price of Rs 555, implying a discount of 6.
Shares of Anupam Rasayan will debut on the bourses today, 24 March 2021.
The Rs 760-crore Anupam Rasayan IPO received bids for 42,74,80,578 shares against 97,01,809 shares on offer, as per data available with the NSE
The Rs 760-crore Anupam Rasayan IPO received bids for 3,53,30,067 shares against 97,01,809 shares on offer, as per NSE data
The Rs 760-crore Anupam Rasayan IPO received bids for 1,25,08,209 shares against 97,01,809 shares on offer, according to NSE data
The Rs 760-crore initial public offering (IPO) of speciality chemical company Anupam Rasayan got subscribed 34% on the first day on Friday.
Ahead of the public issue, the issue is quoting at a premium of Rs 225-250 per share offering 40-45% premium over the offer price. Most brokerage hous
The IPO is an entirely fresh issuance of equity shares and proceeds of the issue would be mainly used to pay the debt.
The grey market premium for the issue is quoting in the range of Rs 290-320 apiece implying a premium of 52-57%.