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 Below are Views On Anupam Rasayan Ltd, is a company engaged in the custom synthesis and manufacturing By Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd

Anupam Rasayan Ltd, is a company engaged in the custom synthesis and manufacturing of specialty chemicals in India. Company started its business as a partnership firm in 1984 as a manufacturer of conventional products and have, over the years, evolved into custom synthesis and manufacturing of life science related specialty chemicals and other specialty chemicals, which involve multi-step synthesis and complex technologies, for a diverse base of Indian and global customers.The company is coming out with an IPO in the price band of Rs. 553-555 between the 12th and 16th of March 2021. Company has strong and long-term relationships with various multinational corporations, including Syngenta Asia Pacific Pte. Ltd., Sumitomo Chemical Company Limited and UPL Limited. The company has posted strong revenue growth of 24.3% CAGR between FY2018 to FY2020. Despite the impact of the COVID-19 pandemic, the company has posted revenue growth of 45.0% for the nine month period ending December 2021. Given strong revenue growth and long-term relationships with various multinational corporations we recommend a "SUBSCRIBE" rating to the IPO.

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