The preliminary public providing (IPO) of speciality chemical substances firm Anupam Rasayan India was absolutely subscribed on Friday, Day 1 of the difficulty.
The rich investor portion was subscribed 9 per cent, with the retail investor portion subscribed 2.5x the variety of equities allotted to them. The portion reserved for workers was subscribed 30 per cent.
On Wednesday, the corporate raised Rs 225 crore from 15 Anchor traders. The traders who participated within the anchor allotment embrace Nomura Asset Administration, Constancy Worldwide, SBI Life, IIFL Particular Alternatives Fund, Malabar and Max Life, amongst others.
The value band of the difficulty is Rs 553-555 per share. The Rs 760-crore IPO includes solely contemporary issuance. And the corporate plans to utilise proceeds for compensation of debt and basic company functions.
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