HomeBusinessSpeciality chemicals major Anupam Rasayan files for Rs 760 crore IPO

Speciality chemicals major Anupam Rasayan files for Rs 760 crore IPO

@the_news_21

Surat-based speciality chemicals company Anupam Rasayan has filed its draft red herring prospectus (DRHP) with the stock market regulator to raise an aggregate of Rs 760 crore.

The issue proceeds will be used mainly for repayment of debt. As stated in the DRHP, the company may consider a discount for eligible employees bidding for the reservation portion.

Bankers appointed to the issue are Axis Capital, Ambit Private, IIFL Securities and JM Financial.

The company started operations in 1984 with conventional products and has now carved a niche for itself into speciality chemicals that involve multi-step synthesis and complex chemistries such as etherification, acylation, cyclization, diazotisation and hydrolysis.

It currently operates out of six multi-purpose manufacturing facilities based in Gujarat. The company has clients like Syngenta Asia Pacific, Sumitomo Chemical Company and UPL Ltd across Europe, Japan, the United States and India.

Subscribe to TheNews21

Stay Ahead with Independent Journalism

Investigations, political analysis and major national and global stories delivered directly to your inbox.

Stay Ahead with Independent Journalism

Investigations, political analysis and major national and global stories delivered directly to your inbox.

44 COMMENTS

  1. Join the millions friendly colossal on fanduel casino Indiana – the #1 natural money casino app in America.
    Get your $1000 OPERATE IT AGAIN hand-out and modify every relate, hand and roll into legitimate banknotes rewards.
    Firm payouts, whopping jackpots, and habitual effect – download FanDuel Casino in these times and start playing like a pro today!

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

spot_img

Html code here! Replace this with any non empty text and that's it.

Must Read

spot_img