Anupam Rasayan IPO Review: Anil Singhvi reveals listing gains, says long term investors or those willing to take risks may apply

Anupam Rasayan IPO Review: Zee Business Managing Editor Anil Singhvi said that long term investors or investors who are willing to take risk may apply for Anupam Rasayan IPO. Listing gains could be around 20%-30% depending on the markets and the situation. It is not expected for Anupam Rasayan IPO listing gains to go up 50% or above.

Anupam Rasayan is from a strong sector as the specialty chemical segment is in lame light. Buyers of speciality chemical products say that they want to buy products from countries other than China which can benefit Indian companies going forward. The Futuristic Outlook on the Speciality Chemical Segment is extremely good. Anupam Rasayan IPO date for opening is March 12 and the closing date is March 16, 2021. 

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Anil Singhvi said that the PLI Scheme by the Government will support such companies who are willing to expand in this segment. Revenue growth of Anupam Rasayan is 45% which is too good to believe, said Singhvi. He said it is important to understand what management has to guide in terms of revenue going forward. The company has planned huge expansion in the past 3 years which will impact the books going forward as well.

कैसा है अनुपम रसायन का IPO...

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अनुपम रसायन IPO पर अनिल सिंघवी की राय#AnupamRasayan #IPO @AnilSinghvi_ pic.twitter.com/5UhEQ7Sf1w

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Anupam Rasayan is working at 60% capacity; additional 40% capacity utilization will improve their revenue going forward. Valuations of the company are expensive at current levels. The business model of the company is not unique which will attract more investors. Singhvi said it would have been better if Anupam Rasayan had kept valuations at lower side rather than keeping at higher side. Business model of the company is strong. 

Why so many IPOs in March, 2021

Anil Singhvi said that the reason behind so many IPOs coming in this month is because, if these companies decide to postpone their IPOs beyond 31st March 2021, then they will have to complete the Audit work all over again and submit the same to SEBI. 

If companies do the IPO before 31st March 2021, they have to give unaudited financial accounts to SEBI. Since markets are at all time highs, it is a good opportunity for new companies to attract investors. In case, if these companies follow all the audit procedures and go for an IPO after 31st March, markets could dip down or fall from highs and investors may remain risk averse and flows may shift away from Equities to other asset classes. Hence, many companies who are coming with IPOs want to take advantage of the Bull Market and are rushing to get listed on the exchanges before March 31st. This is the key reason for so many IPOs coming in the month of March 2021.

Anil Singhvi said it is not necessary that all IPO’s will get a strong response. MTAR Technologies was one of the strong companies. The Market Guru himself had recommended that investors should subscribe.