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Surat-based Anupam Rasayan India Ltd, a specialty chemicals company, has received Securities and Exchange Board of India’s nod to raise ₹760 crore through an IPO.
The IPO will be a complete fresh issue, following which its shares would be listed on both BSE and NSE.
The company may consider a pre-IPO placement of up to ₹100 crore.
The company would use the proceeds to repay debt of ₹556.19 crore and for general corporate purposes. Axis Capital, Ambit Private, IIFL Securities and JM Financial are the managers to the issue.
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