Anupam Rasayan IPO - Valuation And View: Motilal Oswal
An employee mixes a chemical solution at the research laboratory. (Photographer: Dario Pignatelli/Bloomberg)

Anupam Rasayan IPO - Valuation And View: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Anupam Rasayan Ltd. is engaged in manufacturing of custom synthesis and specialty chemicals in India.

The company enjoys long standing relationship with its customers, given its fully integrated operations with presence across the value chain. It derives 87% of its revenue from top 10 customers with whom it has long term agreements between two to five years.

The company has significantly expanded its product portfolio to 41 of which Life science products catering to agrochemicals, personal care and pharma contribute ~90% of revenue while exports form 60%.

Development of new complex chemistries like hydrogenation, photo chlorination along with focus on higher value products would help in increasing the wallet share further.

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Motilal Oswal Anupam Rasayan IPO .pdf

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