Anupam Rasayan IPO Review: Issue opens for subscription! Experts give 'Subscribe' tag for this much premium on listing date

Anupam Rasayan IPO Review: Anupam Rasyan India IPO (Initial Public Offer) is open for subscription for the IPO enthusiasts. The public issue will remain open for subscription till 16th March 2021. As per the stock market experts, one can bid for the Anupam Rasayan IPO for the listing gains that can be up to 25 per cent, depending upon the mood of the market on listing date.

Speaking on the Anupam Rasayan IPO premium that one can expect on the listing date Avinash Gorakshkar, Head of Research at Profitmart Securities said, "Anupam Rasayan IPO is priced at Rs 553 to Rs 555, which is a little high. If the Anupam Rasayan IPO price band was a little lower, then there could have been more enthusiasm among the ITO bidders as there could have been more surety of the listing gains in the public issue. However, depending upon the performance of the previous IPOs and company being a chemical company, one can expect to get at least 20-25 per cent listing gains from the Anupam Rasayan India IPO." However, Gorakshkar maintained that one should book profit on the Anupam Rasayan IPO listing date as its working capital consumption is high and that doesn't augur well for the Anupam Rasayan share for the long-term or mid-term.

Anupam Rasayan IPO lot size is of 27 shares that means one can apply for at least 27 Anupam Rasayan shares.

Highlighting the reasons for subscribe Anupam Rasayan IPO, Jyoti Roy, Deputy Vice President — Equity Strategist at Angel Broking Limited said, "Anupam Rasayan India Limited has incurred significant indebtedness, and an inability to comply with repayment could adversely affect business. The company experiencing insufficient cash flows to meet required payments on debt and working capital requirements, could adversely impact on operation.  It may become involved in claims concerning intellectual property rights, and could suffer significant litigation or related expenses in defending its own intellectual property rights or defending claims that we infringed the rights of others."

Roy of Angel Broking went on to add that Anupam Rasayan India has strong and long-term relationships with various multinational corporations, including Syngenta Asia Pacific Pte. Ltd., Sumitomo Chemical Company Limited and UPL Limited. The company has posted strong revenue growth of 24.3 per cent CAGR between FY2018 to FY2020. Despite the impact of the COVID-19 pandemic, the company has posted revenue growth of 45.0 per cent for the nine month period ending December 2021.

In its view on the Anupam Rasayan IPO, Anupam Roy said, "Given strong revenue growth and long-term relationships with various multinational corporations we assign a "SUBSCRIBE" rating to the IPO."

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Anupam Rasayan IPO dates to remember

Anupam Rasayan IPO opens for subscription on 12th March and ends on 16th March 2021. Anupam Rasayan India IPO allotment date is 19th March 2021 and Credit of Shares to Demat Account will take place on 23rd March 2021. Initiation of refund to those who fail to get IPO allotted in their Demat Account will be done on 22nd March 2021.

Anupam Rasayan IPO listing date is 24th March 2021.