Anupam Rasayan India Limited IPO
About
Anupam Rasayan India is one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India (Source: F&S Report). It commenced business as a partnership firm in 1984 as a manufacturer of conventional products and have, over the years, evolved 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 key focus in its custom synthesis and manufacturing operations is developing in-house innovative processes for manufacturing products requiring complex chemistries and achieving cost optimization.
Anupam Rasayan India has two distinct business verticals
- life science related specialty chemicals comprising products related to agrochemicals, personal care and pharmaceuticals,
- other specialty chemicals, comprising specialty pigment and dyes, and polymer additives.
In Fiscal 2020 and in the nine months ended December 31, 2020, revenues from our life science related specialty chemicals vertical accounted for 95.37% and 93.75%, respectively, of the company revenue from operations, while revenue from other specialty chemicals accounted for 4.63% and 6.25%, respectively, of its revenue from operations, in such periods.
According to the F&S Report, there exist significant entry barriers in the custom synthesis and manufacturing industry including customer validation and approvals, high quality standards, stringent specifications, and expectation from customers for process innovation and cost reduction. Further, the acquisition of a customer is a long process since the end-customer is required to register the manufacturer with the regulatory bodies as a supplier of intermediate products or active ingredients (Source: F&S Report).
Anupam Rasayan India have developed strong and long-term relationships with various multinational corporations, including, Syngenta Asia Pacific Pte. Ltd., Sumitomo Chemical Company Limited and UPL Limited that has helped it expand the product offerings and geographic reach across Europe, Japan, United States and India. In particular, The company have been manufacturing products for certain customers for over 10 years. In the nine months ended December 31, 2020, It manufactured products for over 53 domestic and international customer, including 17 multinational companies.
The Government of India has also recognized the Company as a three star export house.
Promoters
- MR. ANAND S DESAI
- DR. KIRAN C PATEL
- MS. MONA A DESAI
- KIRAN PALLAVI INVESTMENTS LLC
- REHASH INDUSTRIAL AND RESINS CHEMICALS PRIVATE LIMITED
Financials
| Particulars | For the year/period ended (₹ in millions) | |||
|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 19,192.15 | 16,640.68 | 13,225.03 | 10,012.09 |
| Total Revenue | 5,631.61 | 5,393.87 | 5,209.61 | 3,491.82 |
| Profit After Tax | 480.94 | 529.75 | 502.09 | 403.41 |
Competitive Strengths
- Diversified customer base across geographies and industries.
- In-house R&D team to foster product innovation.
- Diversified and customized product portfolio.
- Strategically located manufacturing facilities.
- Consistent financial performance track record.
IPO Details
| IPO Opening Date | 12th March 2021 |
| IPO Closing Date | 16th March 2021 |
| Issue Type | Book Built Issue |
| Face Value | ₹10 per equity share |
| IPO Price | ₹553 to ₹555 |
| Market Lot | 27 Shares |
| Min Order Quantity | 27 Shares |
IPO timeline
| IPO Open Date | 12th March 2021 |
| IPO Close Date | 16th March 2021 |
| Basis of Allotment Date | 19th March 2021 |
| Initiation of Refunds | 22nd March 2021 |
| Credit of Shares to Demat Account | 23rd March 2021 |
| IPO Listing Date | 24th March 2021 |
Book Running Lead managers
Axis Capital Limited
1st Floor, Axis House
C-2, Wadia International Centre
P.B. Marg, Worli
Mumbai 400 025
Maharashtra, India
Tel: (+ 91 22) 4325 2183
E-mail: anupam.ipo@axiscap.in
Website: www.axiscapital.co.in
Investor grievance E-mail:
complaints@axiscap.in
Contact person: Mr. Ankit Bhatia
SEBI Registration No.:
INM000012029
Ambit Private Limited
Ambit House
449, Senapati Bapat Marg
Lower Parel
Mumbai 400 013
Maharashtra, India
Tel: (+ 91 22) 6623 3000
E-mail: anupam.ipo@ambit.co
Website: www.ambit.co
Investor grievance E-mail:
customerservicemb@ambit.co
Contact person: Mr. Miraj Sampat
SEBI Registration No.:
INM000010585
IIFL Securities Limited
10th Floor, IIFL Centre
Kamala City, Senapati Bapat Marg
Lower Parel (West)
Mumbai 400 013
Maharashtra, India
Tel: (+ 91 22) 4646 4600
E-mail: anupam.ipo@iiflcap.com
Website: www.iiflcap.com
Investor grievance E-mail:
ig.ib@iiflcap.com
Contact person: Mr. Aditya
Agarwal/ Mr. Shubham Tantia
SEBI Registration No.:
INM000010940
JM Financial Limited
7th Floor, Cnergy Appasaheb
Marathe Marg
Prabhadevi
Mumbai 400 025
Maharashtra, India
Tel: (+ 91 22) 6630 3030
E-mail: anupam.ipo@jmfl.com
Website: www.jmfl.com
Investor grievance E-mail:
grievance.ibd@jmfl.com
Contact person: Ms. Prachee
Dhuri
SEBI Registration No.:
INM000010361
KFin Technologies Private Limited
Selenium Tower B
Plot 31 & 32, Gachibowli
Financial District, Nanakramguda
Serilingampally, Hyderabad 500 032
Telangana, India
Tel: (+91 40) 3321 1000
Email:
anupamrasayan.ipo@kfintech.com
Website: www.kfintech.com
Investor grievance E-mail:
einward.ris@kfintech.com
Contact Person: Mr. M. Murali
Krishna
SEBI Registration No:
INR000000221
Company Address
Corporate Identity Number: U24231GJ2003PLC042988
Registered and Corporate Office:
8110, GIDC Industrial Estate,
Sachin, Surat 394 230,
Gujarat, India
Tel: (+91 261) 239 8991
Contact Person:
Ms. Suchi Agarwal
Company Secretary and Compliance Officer
Tel: (+91 261) 239 8991
E-mail: investors@anupamrasayan.com
Website: www.anupamrasayan.com
