Anupam Rasayan share price: IPO: Anupam Chemicals weak start in stock market, investors disappointed
The shares of (Anupam Rasayan share price)Anupam Chemicals India Ltd,
In such a situation, investors who invested money in Anupam Rasayan share price are disappointed due to poor listings.
A company that deals with specific types of chemicals, were listed on Wednesday. Investors have suffered a setback due to the fall in the Gherlu stock market. The company’s stock was listed at Rs 520, down 6.3 percent. While the issue price was Rs 555.
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The losses to investors were
listed on the Bombay Stock Exchange (BSE) to stock the company at a level of Rs 534.70. It is at a discount of 3.66 percent as compared to the issue price.
On the BSE, investors lost Rs 548 on a lot. On the National Stock Exchange (NSE), investors lost Rs 945 on a single lot.
Anupam Chemicals IPO had a lot of 27 shares. The application price in this IPO was kept at Rs 554-555 per share.
The initial public offering (IPO) of Anupam Rasayan received a total subscription of 44.06 times till the last day.
As per information received from the National Stock Exchange, the issue had demanded 42,74,80,578 crore shares, while the company offered 97,01,809 shares.
The IPO was worth Rs 760 crore.
The IPO was worth Rs 760 crore. It was subscribed 65.74 times in the category of eligible institutional investors, 97.42 times in the non-institutional investors category and 10.77 times in the retail investors category.
Earlier, the company raised Rs 225 crore from anchor investors.
The IPO , which has been in operation since 1984, was open for subscriptions from March 12 to March 16, 2021.
The company has raised money from the primary market to repay debt.
The company has been in operation since 1984 and mainly produces chemicals in agriculture, beauty ingredients, and medicines.
The company’s 53 global agro chem customers include Syngenta, Sumitomo, and UPL.
Two-thirds of the company’s revenue comes from exports.
