Shri Ahimsa Naturals IPO: Check GMP, Day 1 Subscription Status, Offer Size, Price Band And More

Shri Ahimsa Naturals Ltd. is set to join the SME IPO bandwagon after launching its initial public offering on Tuesday, Mar. 25. The company engaged in the manufacturing of products used in the beverage, cosmetics and pharmaceutical industries aims to raise nearly Rs 74 crore from investors in the primary market.

Investors interested in this NSE SME IPO must check the following details before taking an investment call.

The Shri Ahimsa Naturals IPO comprises a fresh issue of 42.04 lakh shares worth Rs 50.02 crore and an offer for sale of 19.99 lakh shares worth Rs 23.79 crores This takes the total offer size to Rs 73.81 crore.

Shri Ahimsa Naturals IPO price band has been in the range of  Rs 113 to Rs 119 at a face value of Rs 10. 

Retail investors can bid in the IPO with a minimum lot size of 1,200 shares, requiring an investment of Rs 1,42,800.

The subscription window for the  Shri Ahimsa Naturals IPO will be open from Mar. 25 to Mar. 27. Share allotment is proposed to be finalised on Mar. 28. Credit of shares to the demat account of successful bidders will be done on Apr. 1, along with refunds for the non-allottees.

The IPO is proposed to be listed on the NSE SME platform on Apr. 2.

Srujan Alpha Capital Advisors LLP is the book-running lead manager of the Shri Ahimsa Naturals IPO. Cameo Corporate Services Ltd. is the registrar and Choice Equity Broking Private Limited is the market maker for this SME IPO.

The IPO has been subscribed 0.62 times as of 3:30 pm on Tuesday

• Non-Institutional Buyers: 1.51 times

• Retail Investors: 0.59 times

Subscription status will be updated at regular intervals.

The latest GMP for the Shri Ahimsa Naturals IPO stood at Rs 10 on Mar. 25, according to InvestorGain. This indicates that the unlisted shares of Shri Ahimsa Naturals Limited were trading at Rs 129 apiece in the grey market, a premium of 8.40% against the upper price band limit.

Note: GMP is not an official source of data and is based on speculation.

Shri Ahimsa Naturals Limited extracts and manufactures beverage ingredients such as caffeine anhydrous, green coffee bean extracts, and crude caffeine. These products are used in industries such as food and beverages, cosmetics, and pharmaceuticals. 

The company will use net proceeds from the IPO to set up a manufacturing unit in Rajasthan and for general corporate purposes.

In FY24, the company’s profit after tax stood at Rs 18.67 crore, a decline of 51.1% from Rs 38.21 crore in FY23. Its revenue in FY24 was Rs 77.97 crore, a drop of nearly 25% from Rs 103.88 crore in FY23.  For the first half of FY25, its revenue stood at Rs 40.71 crore and profit after tax at Rs 9.74 crore.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.