The date of the IPO of Anupam Rasayan is from March 12, 2021to March 16, 2021 (both days inclusive).
Anupam Rasayan is a specialty chemicals company, which hadraised Rs 225 crore before the IPO.
This amount has been raised from foreign portfolioinvestors, domestic mutual funds, insurance companies, alternative investmentfunds, and others.
Well, for a retail investor like you and I, relevant detailsare that the price band of share is Rs 553 to 555.
The company will be selling about Rs 760 crore worth ofshares.
Some brokerage research houses have recommended subscribingto the IPO.
Now, these shares are also traded in grey market, and are often referred to as pre-IPO or illiquidor rare shares. According to statement of a market observer to Mint, the lastheard price of this company’s stock was Rs 225-230.
Well the price reported in grey market is about 40% of thelower price band and this is a huge difference.
So, what do experts on stock markets and IPOs have to say atthis wide discrepancy.
Abhay Doshi, UnlistedArena.com claims, "The recent IPOsare aggressively priced but owing to the bullish sentiments in primary marketit seems that the issue will get a good response."
Holding a counter-view is Nitin Bhatia, nitinbhatia whoclaims that retail public investors and traders like you and I should avoidIPOs. He offers five reasons on his website and one of them is true for therecent rain of IPOs in the Indian stock markets. Bhatia claims that companiesprefer to launch IPOs during bull markets (the current market situation).
Thus, every investor or trader will have to take his own decisionas the only person responsible for participating in the stock markets is theplayer himself.
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