Specialty Chemicals Company Anupam Rasayan to Go Public

Specialty Chemicals Company Anupam Rasayan to Go Public

Gujarat Industry Review Team

Anupam Rasayan, a Specialty chemicals company based in Gujarat has decided to go public. The company has filed its DRHP with the regulators to raise an aggregate of Rs. 760 Crs. The issue proceeds would be used mainly for repayment of debt. As stated in the DRHP, the company may consider an employee discount for eligible employees bidding for the employee reservation portion.

The company commenced operations in 1984 with conventional products and has now carved a niche for itself into specialty chemicals domain that involves multi step synthesis and complex chemistries such as Etherification, Acylation, Cyclization, Diazotization and Hydrolysis etc. It currently operates out of 6 multi-purpose manufacturing facilities based in Gujarat of which 4 facilities are located in notified Industrial Estate at Sachin and are in close proximity to the Adani Hazira Port, the latter 2 are located in notified Industrial Estate at Jhagadia.

All the facilities have a combined aggregate installed capacity of around 23,396 metric tonne, out of which 6,726 metric tonne was added in March 2020 with the commercialization of Jhagadia Unit – 5 and Sachin Unit – 6. Owing to its R&D capabilities and transparent cost model, it has been able to act as a “one-stop solution” for process innovation and development of “life science related specialty chemicals” catering to the agrochemical, personal care and pharmaceutical sectors which in FY20 accounted for 95.37% of its revenues and “Other specialty chemicals” used in specialty pigments and polymer additives contributed the balance.

Anupam is one of the few companies in the world to have developed continuous and flow chemistry technology on a commercial scale and has clients like Syngenta Asia Pacific, Sumitomo Chemical Company, UPL Limited across Europe, Japan, United States and India.  

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