The portion reserved for retail investors was subscribed 10.81 times. While the Qualified Institutional Buyer was subscribed 65.99 times, the Non-Institutional Investor category was subscribed 97.78 times.
Surat based, custom synthesis and manufacturing focused specialty chemicals company Anupam Rasayan is planning to raise Rs 760 crore from investors with a price band of Rs 553-555.
Anupam Rasayan raised Rs 225 crore last Thursday from 15 anchor investors including
Sunlife Mutual Fund, Nomura Funds Ireland, Fidelity International, Sundaram MF, SBI Life Insurance Co, IIFL Special Opportunities Fund, Malabar Select Fund and Max Life Insurance Co.
At the upper limit of the price band, the issue is asking a PE of 95.2 times on a trailing 12-month basis, on a restated EPS of Rs 5.80.
Axis Capital Limited, Ambit Private Limited, IIFL Securities Limited and
Limited are the book running lead managers to the Issue.
