Mumbai, March 24, 2021 (GPN): Surat based, custom synthesis and manufacturing focused specialty chemicals company Anupam Rasayan India Limited; listed on the BSE at 3.6% discount over its issue price. The shares of the company at day end closed at Rs. 525.90 per share on BSE and Rs. 526.80 per share on NSE. The initial public offering  was offered at a lower price band of Rs 553 per share and higher price band of Rs 555.

As per BSE, the total quantity traded stood at 15.82 lac shares with a delivery quantity percentage of 32.65%. Quantity traded and delivery percentage at NSE was approx. 1.48 crore shares and 30.61% respectively. Total Turnover (BSE+NSE) on Day 1 stood at Rs 932.74 crore.

The Market Capitalization of the Company post today’s closing price stood at Rs. 5,254 crore as per BSE and Rs. 5180 crore as per NSE.

The Rs 760 crore IPO, which was opened from March 12 to 16, had received 44.06 times bids, with the HNI quota (NII) receiving 97.42 times subscription, the QIB quota 65.74 times and the retail quota 10.77 times.

 About Anupam Rasayan India Ltd.

The Company commenced its business as a partnership firm in 1984 as a manufacturer of conventional products and evolved over the years into custom synthesis and manufacturing of life science related specialty chemicals and other specialty chemicals, which involve multi-step synthesis and complex technologies, for a diverse base of Indian and global customers. The Company’s key focus is on developing in-house innovative processes for manufacturing products requiring complex chemistries and achieving cost optimization.

The Company believes that their ability to meet stringent quality and technical specifications and customizations, undertake large number of complex chemical reactions and automated manufacturing capabilities, develop in-house innovative processes along with strong technical competencies and R&D capabilities, and transparent cost model, has enabled them to act as a complete one-stop solution for process innovation and development of specialty chemicals for multinational companies in a cost efficient manner. The Company is also one of the leading companies in manufacturing products using continuous and flow chemistry technology on a commercial scale in India (Source: F&S Report).