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Anupam Rasayan IPO: Check share allotment via BSE, KFin Tech website; grey market premium, listing date

Anupam Rasayan India is likely to finalise the basis of allotment of the IPO on Friday, March 19, 2021. The Rs 760-crore initial public offering was subscribed 44 times. The issue was sold in the price band of Rs Rs 553-555 per share. According to the Anupam Rasayan India’s prospectus, initiation of refunds or unblocking of funds from ASBA accounts will take place on March 22, and the credit of equity shares to the depository accounts of allottees will happen on March 23. Anupam Rasayan will make its stock market debut on March 24, 2021. The grey market premium of Anupam Rasayan shares was seen at Rs 100 over IPO price. On Friday, Anupam Rasayan shares were trading at Rs 655 over IPO price, up 18 per cent in the grey market, according to data provided by UnlistedArena.com, which tracks grey market.

Once the basis of share allotment is done, investors can check their subscription status in Anupam Rasayan via the registrar’s website, i.e. from KFin Technologies Private Limited, a SEBI-registered entity responsible for the IPO allotment and refund processing, and from the BSE website. The recent trend in IPO listings exhibits that stocks tend to give up some of the gains after listing at high premiums, says Abhay Doshi, Founder, UnlistedArena.com, dealing in Pre-IPO & Unlisted Shares. He added that the stock may list in a range of Rs 630-670 if the market recovers. “Hence, in my personal opinion a street smart approach is required, I would like to book short term profits and wait for good opportunities in quality companies,” said Doshi.

How to check Anupam Rasyan share allotment status via KFin Tech Private Ltd website
Investors can check the allotment status on KFin Technologies website under ‘IPO Status’ section (https://ris.kfintech.com/ipostatus/) when it gets declared. After that, select the IPO and enter either your application number or DPID/Client ID or PAN. In case of the application number box, select application type and enter the application number. If the DPID/Client ID box is chosen, select the depository from the drop-down menu, enter DPIP, Client ID. If the PAN option box was chosen, enter the permanent account number. In the last step, enter the given captcha and click submit.

Check Anupam Rasyan share allotment status via BSE website
Another way to check the allotment status in Anupam Rasyan is through BSE website (https://www.bseindia.com/investors/appli_check.aspx). Select the issue type as ‘equity’, and the issue name as ‘Anupam Rasyan India Ltd’ from the drop-down list, when it gets declared. After that enter application number and PAN (permanent account number). In the last step, click on the search tab to view the status details.

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Civil aviation ministry working on demand to bring jet fuel under GST: Pradeep Singh Kharola

The civil aviation ministry is working on the airline industry’s demand to bring Aviation Turbine Fuel (ATF) under the ambit of GST and has taken up the matter with the finance ministry, a senior official said on Friday.

Addressing a virtual event on global aviation and air cargo sector, civil aviation secretary Pradeep Singh Kharola also said the ministry has taken specific steps for optimum utilisation of the country’s vast airspace which would help international airlines overflying India as well as domestic carriers in saving costs.

ATF or jet fuel cost, which account for for 45-55 per cent of an airline’s operating expenses, in India is among the highest in the world and the industry has long been demanding that it should be brought under the Goods and Services Tax (GST) regime.

“We are working (on bringing ATF under the GST) and the matter has been taken up with the Ministry of Finance… It has to go to the GST Council. We are trying for that,” Kharola said.

At the event organised by industry body PHDCC, he also mentioned about steps taken for optimum utilisation of the country’s airspace. As a result of these measures, both cargo and passenger airlines would be able to optimise the distance flown and save costs, he added.

“We have seen that a large part of economic sectors faced great hardship and that was true even for aviation. But I can say at least for Indian aviation, it also faced a lot of difficulties but it survived. And the major contributor was air freight and the cargo,” Kharola said.

According to him, this shows the huge potential of air cargo, not only domestically but also internationally.

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Sebi chief Ajay Tyagi says the disconnect between financial markets, real economy a global phenomenon

Capital markets regulator Sebi chairman Ajay Tyagi on Thursday acknowledged the systemic risk concerns raised by the RBI and Financial Stability Board over a disconnect between financial markets and the real economy, but said that this is a global phenomenon.

He said the heavy fall in markets, followed by quick gains on the equity benchmarks since the onset of the pandemic is the sharpest V-shaped recovery in the last 30 years. ”Typically, stock markets have been the barometers of the economy and move in the direction in which the economy moves or is expected to move. However, after the onset of pandemic, several institutions including FSB and RBI have raised concerns of an increasing disconnect of financial markets with the real economy and a possible risk it may pose to systemic stability,” Tyagi said. ”It is not just India which has been witnessing such unprecedented market movements, but similar trends have been there across many global markets i.e. movements one can clearly attribute to effects arising out of the pandemic and the efforts to tackle the pandemic,” Tyagi said, speaking at an NISM event.

It can be noted that in the last few months, a slew of concerns have been raised about the disconnect wherein the markets have rallied by over 80 per cent from the lows of April post a sharp correction following the declaration of the pandemic, even as the economy went into a contraction zone.

In the Financial Stability Report, RBI Governor Shaktikanta Das flagged risks to overall financial stability and asked lenders to be cautious about the same.

According to some experts, a liquidity glut induced by economy-boosting measures taken by countries following the pandemic has resulted in the surge in markets.

Tyagi on Wednesday said the pandemic has been rare and catastrophic, and has led to never-before jump in volatilities. The volatility index has come down in the last few months, but continues to be higher than five year averages.

He said a defining trend in FY21 has been the direct retail play in the markets, which has seen an increase in both the number of demat accounts and also investments by individuals. Corporates have adopted a newer way of working, with annual general meetings and board meetings being held online.

Tyagi said there is a possibility of many of these new practices continuing even after the end of the pandemic, but said issues over confidentiality and security on virtual board meets will have to be assessed going ahead.

He also pondered whether shareholders are getting adequate time to pose their questions at the annual general meets.

Tyagi welcomed the focus on environment, social and governance themed investing and added that Sebi is looking at introducing newer regulations for having more granularity in disclosures.

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Inflow in Gold ETFs surges 45 pc to Rs 625 cr in January

Investors put in Rs 625 crore in gold exchange traded funds (ETFs) in January, 45 per cent higher than the preceding month, on expectation that the yellow metal will perform well going forward.

The inflow pushed the asset base of gold funds by 22 per cent to Rs 14,481 crore at the end of January from Rs 14,174 crore at the end of December, data available with Association of Mutual Funds in India showed.

After witnessing a net outflow of Rs 141 crore in November 2020, the Gold ETF category is once again back under investors’ radar. While it received a net inflow of Rs 431 crore in December, the net inflow in January was even higher at Rs 625 crore.

Himanshu Srivastava, Associate Director Manager Research, Morningstar India said the gold prices have come-off its all-time highs touched in August last year. The month of January also saw fair bit of correction in its prices.

“This, along with expectation that gold may do well going ahead provided a good buying opportunity to investors, which resulted in net inflows for the category in January,” he added.

Barring March and November, such instruments had seen a net inflow in the entire 2020. Gold ETFs had attracted Rs 6,657 crore last year, much higher than just Rs 16 crore inflow seen in 2019.

According to Srivastava, gold functions as a strategic asset in an investor’s portfolio, given its ability to act as an effective diversifier, and alleviate losses during tough market conditions and economic downturns. This is where it draws its safe-haven appeal, as has been evident since 2019.

From January 2019 till January 2021, the category has received a robust net inflow of Rs 48,159 crore.

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