Anupam Rasayan IPO itemizing day technique: Gray market premium falls; maintain or ebook income on debut day?

Anupam Rasayan India Restricted (ARIL) has developed into customized synthesis and manufacturing of life science-related specialty chemical substances and different specialty chemical substances. Picture: Reuters

Anupam Rasayan India shares will record on inventory exchanges on Wednesday, March 24, 2021. The Rs 760-crore IPO was subscribed 44 occasions. The problem was bought within the value band of Rs Rs 553-555 per share. Within the gray market on Tuesday, Anupam Rasayan India shares had been buying and selling at Rs 625, implying a gray market premium of 12.6 per cent, over the problem value. Amid share market volatility, the gray market premium in Anupam Rasayan has fallen to Rs 70 from Rs 100, final week. Upon profitable itemizing on Dalal Road, Anupam Rasayan will be a part of its friends equivalent to Navin Fluorine Worldwide Ltd, PI Industries, SRF Ltd and Astec Lifesciences Ltd.

Itemizing day technique for Anupam Rasayan IPO

Anupam Rasayan India Restricted (ARIL) has developed into customized synthesis and manufacturing of life science-related speciality chemical substances and different speciality chemical substances, which contain multi-step synthesis and complicated applied sciences, for a various base of Indian and international prospects. Vikas Jain,  Senior Analysis Analyst at Reliance Securities, instructed Monetary Specific On-line that contemplating capability utilization of 75 per cent as of 9MFY21 and certain curiosity price financial savings from debt compensation from IPO proceeds, its earnings can probably register 35-40 per cent CAGR over FY20-23E. “Regardless of factoring this, it trades at over 40x of FY23 earnings, which is dear in comparison with its high quality friends,” he stated. Jain has suggested traders to promote Anupam Rasayan India shares on itemizing day.

Gaurav Garg, Head of Analysis, CapitalVia World Analysis, additionally echoed comparable views and suggested traders to ebook income in Anupam Rasayan India Ltd on itemizing. In case, Anupam Rasayan lists above 30-50 per cent premium over the problem value, Vishal Wagh, Head of Analysis, Bonanza Portfolio Ltd, suggested traders to ebook itemizing features.

Anupam Rasayan eleventh IPO to record to this point in CY21

Up to now within the calendar 12 months 2021, main markets have witnessed the IPO itemizing of 10 firms. Anupam Rasayan India would be the eleventh firm to record on the bourses. Whereas, out of 15 IPOs final 12 months (from April-December 2020), simply three firms Chemcon Specialty (115%), Happiest Minds Applied sciences (111%), and Route Cellular (102.28%), had been listed with over 100 per cent premium over the IPO value on debut day. Anupam Rasayan India enjoys a long-standing relationship with its prospects, given its totally built-in operations with presence throughout the worth chain. It derives 87 per cent of its income from prime 10 prospects with whom it has long run agreements between 2-5 years, say analysts at Motilal Oswal Monetary Companies.

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