Anupam Rasayan India Limited IPO Message Board (Page 29)

Dear friends,
Union bank of india ASBA how many number of application done ?

@Eagleeye @sonalpatel @aniket and all other experts please give us priority list of this 6 IPOs it will be very helpful to us please.

I am not going to apply whatever may be the subscription. Not fair to support these overvaluation without any unquie business model and so many good listed peers available. Experts please let me know any points I am missing in this IPO.

You are not missing any important point

No broking houses have given positive reviews so far

Bit concerned

Motilal Oswal given subscribe

Looks debt fueled growth, hence higher debt. IPO amount 500+ crores goes to debt reduction, this should help improve ebita and overall metrics.
And also they look ambitious, seeking acquisitions. Depends on what kind of company and how much they gonna pay will determines future.

Guys or experts anyone pls give me a strategic plan for applying for next IPOs according to my budget and availability of PANs..
I hav funds of 1.6L and 4 Dmat accounts.my expectation is only for listing gains whatever the gains percentage .So accordingly can u guys suggest me with priority list out of 6 IPOs coming in next week within my budget .
Thanks in advance 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏

Apply 2 lots from each PAN card you will get at least 1 lot

According to my research and analysis

Quick Heal Buyback 2021

Buyback Type: Tender Offer
Buyback Offer Amount: Rs 155 Cr
Buyback Offer Size: Around 25%
CMP. 204
Buyback Price: 245

Expected ER - Around 20%
Expected AR- Around 50%

I will consider to add some qty at CMP despite a horrible experience in previous Quick Heal Buyback (2019)
In 2019, Buyback size was around 10% but this time it is around 25% . Hence may be considered for purchase to tender in buyback.

Thanks.





Standard disclaimer: I am not a SEBI registered analyst. I may have vested interest in every stock I discuss. Also I reserve the right to be wrong.

Calculation Error

In Quick Heal, only 63.25 lakh shares are bought back (Around 10% of Equity instead 25% ) Hence
Expected ER - 10%
Expected AR - 30%

No charm to purchase at CMP.
Can be added around 180.

Aniketiaf sir
What to do with MTAR allotment?
Exit on listing day or wait for few days or hold it for long term?
Flood of ipo next week, if you can priorities to apply for listing gain then that would be really helpful for retail subscribers.
Kindly reply guru ji🙏🙏🙏

Itne IPO ke liye rupey kese laaye? Thode thode karke ipo kyu nahi launch karte he aur ipo khulte bhi bahut mushkil se he, aur khulte he to irfc, sbi card jese ipo khul jaate he jo listing gain hi nahi dete

174659 Retail forms required

Suryoday SFB IPO

Date: 17-19 March
Price: 303-305
Lot: 49 Shares
Size: 582.84 crs
Retail: 35%
Min. Appl.: Rs 14945

Total retail application 132808

I''ve two DMAT account 1) Zerodha, 2) GROWW and 5 bank accounts.
Usually I subscribe all the IPOs for all the bank account.
Is this the reason for rejection of IPO applications (because of multiple subscribe from same DMAT)?

Is it good to hold Heranba and Anupam Rasayan or sell it immediately?

One PAN one application is allowed, if you are submitting multiple applications with same PAN then all applications are liable for rejection.

Forum exoerts, please guide whether it is advisable to invest in this ipo considering high valuations as compared to its peers.

PE = 90+
Price to Book = 8x
--- Valuation calculation with Assumptions ---
Price value from EPS growth = Rs.570
Price value from DCF = Rs.486

---- Details from RHP ----

---- Reason for Listing ----
- Repayment of Debt => From the 760Cr raised, Out of 850Cr Debt, 560Cr will be repayed
- General corporate purposes => not more than 190Cr will be used

---- Business ----
- Custom synthesis and manufacturing of specialty chemicals
- Producing Life science products => Manufacturing of Agrochemicals, Personal care & pharmaceuticals
- Other Specialty chemicals => Dyes, Polymer additives and Pigments
- R&D for innovation and cost reduction
- Continuous flow chemistry tech to manufacture the products

---- Comments ----
- Indian chemical market growth expected CAGR of 9% in the next 4yrs
- Indian Crop protection expected industry growth in the next 4yrs
=> Export - CAGR 9%
=> Domestic - CAGR 4%
- Indian Active Pharmaceutical Ingredient market growth expected at CAGR 8% in the next 4yrs
- Indian market for custom synthesis and manufacturing is expected to grow at 12% CAGR in the next 4yrs
- 90% of revenue is from LifeScience products(crop protection has a 70% share in the 90%) and the rest of them is from Other specialty chemicals
- 60% of revenue is from Exports and the rest are domestic
- 85% of revenue is from top 10 customers
- Though there are good entry barriers for this industry, due to the number of competitors, the market share of Anupam Rasayan is expected to be less/avg in crop protection chemicals
- Export relations:
=> Exports across EU, US, Japan with 36%, 4%, 6% of revenue share respectively
=> Some International customer relations with 10yrs and above
- R&D helped to increase product portfolio count from 25 to 41 since 2018
- Has 6 manufacturing units
- Self Manufacturing of raw materials has reduced 5% in importing
- Number of customers has increased from 34 to 53 in the last 5yrs
- Promoters have 20-30 yrs of experience
- ROE is less than 10% => Debt repayment decrease the interest cost which increases ROE in the coming yrs
- Free Cash Flows are not there but improving over the yrs
- Debt to equity will decrease and the current ratio is good and will improve

---- Litigations ----
- Outstanding dues to Material Creditors is of Rs.136Cr

Thank you for the detailed information and analysis

Good Anchor Book
Mostly Foreign Fund
Once again Malabar Fund invested.
It will list with good premium,
It will not behave like Heranba.
Dear Lekker,
If allotted keep for six months for good retrun. (50% sell on listing balance hold for six months)

Yes sir, good anchor book, 👍🏼Will follow strategy, i am expecting this will boom after few trading sessions .

Check valuations, there is not much positives in the company to give such a high premium as compared to peers. It will definitely correct after listing.

Exiting on listing day will be the best strategy

I have two demat accounts with different PAN numbers, but while applying for IPO I used the same UPI ID, will this cancel my application from both accounts?

Third party application through UPI will be summarily rejected. Use Net banking ASBA

Asking again. How many x times over subscription expected in HNI category?

Around 300 x expecting..
Retail around 23 lakh form

@sonal ma''am, so RII would be around 12-13x app basis if 23L rii forms are expected?

Some concerns, (interesting part)

New Promoter Group KPILLC got preferential allotment at
Rs. 249 on Sept 26 & 30
Rs. 247 on October 10
Rs 248 on October 17
Rs 197 in Nov 2020.

In September-October, Preferential allotment was done at Rs 250 and again at Rs 197 on November 04, 2020.

And now after 4 months, IPO comes at Rs 550 plus

बहती गंगा में हाथ धोना है। GMP is high, So ignore everything

That''s how most of the IPOs are. Reward for promoters and early investors. In fact, there would be some relatives and employees who would have got free shares.
That''s how entrepreneurs become rich.

Valid point Ganesh ji!

Behti ganga mei haath dho, aur niklo.

Hi Experts,
I am planning to apply in HNI category in Anupam and only one lot in RII category in Laxmi and avoid Craft based on the GMP.
Is this a prudent decision?

GMP as on 11 March 2021
---------------------------------------------
Anupam Rasayan 260-270
---------------------------------------------      
MTAR Technologies 500-510      
---------------------------------------------
EaseMyTrip IPO 150-160      
---------------------------------------------
Laxmi Organic 80-90
---------------------------------------------
Kalyan Jewellers 30-40      
---------------------------------------------

MTAR money goes to Anupam
Easytrip Money goes to laxmi organics

This is only listing gains ipo because it''s valuations are far higher than established players and also other concern is wc cycle.
Sell on listing n enjoy ipo festival.
IPO ka mela bhara hai.

Gmp