Anupam Rasayan IPO opens on March 12, 2021, price band fixed at Rs 553-555

Anupam Rasayan India -Surat based, custom synthesis and manufacturing focused specialty chemicals company, will open the initial public offering (IPO) of equity shares on March 12, 2021 and close on March 16, 2021. The price band for the IPO has been decided at Rs. 553– Rs.555 per equity share.

The issue aggregating up to Rs. 7.60 Crore comprises of a complete fresh issuance of equity Shares, and will be listed on BSE and the National Stock Exchange of India (NSE). The Company proposes to utilise the net proceeds towards repayment/prepayment of certain indebtedness availed by the Company and for general corporate purposes.

Minimum bid Lot is 27 equity shares and in multiples of 27 equity shares thereafter.

The floor price is 55.30 times the face value of the equity shares and the cap price is 55.50 times the face value of the equity shares.

Nifty 50 closed at 14956 on March 8, 2021 up 18 points compared to previous close.