Indian Agrochemicals Maker Anupam Rasayan Looks To Raise $103m From IPO
For the six months ended September, the company had posted a profit of ₹26.48 crore versus ₹21.74 crore a year ago. Revenue for the period stood at ₹355.13 crore, up 51.5% on year.
Anupam Rasayan is engaged in the business of manufacturing agrochemicals catering to the crop protection, personal care and pharmaceutical, and veterinary drugs segments which in FY20 accounted for 95.37% of its revenues and “other speciality chemicals” and polymer additives contributed the balance.
It has six multi-purpose manufacturing facilities based in Gujarat, with four located in notified industrial estate at Sachin and are in close proximity to the Adani Hazira Port. Two are located in the notified industrial estate at Jhagadia.
The facilities have a combined aggregate installed capacity of around 23,396 metric tonne, of which 6,726 was added in March 2020.
The company has long term business with clients like Syngenta Asia Pacific, Sumitomo Chemical Company, UPL Ltd, across Europe, Japan, US, besides India.
Bankers appointed for the issue are Axis Capital, Ambit Private, IIFL Securities and JM Financial
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