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$Anupam Rasayan India Ltd
#redflag
Co had issued 80 lakh shares to promoters @ 227 per share 6 months prior to IPO.
Convertible preference shares to promoters were issued at @ 125 per share on an average.
IPO price was 555 per share.
Co had inventory of 849 days at year end which is almost 80% of full year sales. Borrowings up by 400 cr during the year.
#redflag
Co had issued 80 lakh shares to promoters @ 227 per share 6 months prior to IPO.
Convertible preference shares to promoters were issued at @ 125 per share on an average.
IPO price was 555 per share.
Co had inventory of 849 days at year end which is almost 80% of full year sales. Borrowings up by 400 cr during the year.
