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