Shri Ahimsa Naturals IPO Booked Over 60 Times On Final Day; GMP Climbs Ahead Of Listing Next Week
The latest GMP for the Shri Ahimsa Naturals IPO was Rs 24 on Mar. 27, indicating a potential listing gain of over 20%.
The IPO of Shri Ahimsa Naturals Ltd. which was fully subscribed on Wednesday saw a remarkable interest on its final day as the SME issue was booked 62.71 times.
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.
As bidding for the IPO concluded, here's all you need to know about the Shri Ahimsa Naturals IPO including the latest grey market premium, Day 3 subscription status, price band, allotment and listing date.
Shri Ahimsa Naturals IPO: All You Need To Know
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 Rs 113 to Rs 119, with a face value of Rs 10.
As per the company's RHP, of the 62,02,800 shares offered -- 11,70,000 (18.86%) is allocated to qualified institutions, 8,84,400 (14.26%) is allocated to non-institutional investors, 20,82,000 (33.57%) is allocated to retail investors and 17,54,400 (28.28%) is allocated to anchor investors. Retail investors can bid in the IPO with a minimum lot size of 1,200 shares, requiring an investment of Rs 1,42,800.
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.
Shri Ahimsa Naturals IPO Day 3 Subscription Status
The IPO has been subscribed 62.71 times on Thursday
Qualified Institutions: 21.23 times.
Non-Institutional Buyers: 182.82 times
Retail Investors: 35 times
Subscription status wikk be updated at regular intervals.
Shri Ahimsa Naturals IPO GMP Today
According to the InvestorGain platform, the latest GMP for the Shri Ahimsa Naturals IPO was Rs 24 at 7:36 pm on Mar. 27. This indicates that the unlisted shares of Shri Ahimsa Naturals Limited were trading at Rs 143 apiece in the grey market, a premium of 20.17% against the upper price band limit.
The grey market premium was as low as Rs 3 before the IPO opened for subscription before climbing to Rs 12 on Day 1.
Note: GMP is not an official source of data and is based on speculation.
Shri Ahimsa Naturals IPO Allotment And Listing Date
The allotment for the Shri Ahimsa Naturals IPO is expected to be finalised on Friday, Mar. 28. Shri Ahimsa Naturals IPO will be listed on NSE SME (Emerge) with a tentative listing date of Wednesday, Apr. 2.
Use of Proceeds
The company will use net proceeds from the IPO to set up a manufacturing unit in Rajasthan and for general corporate purposes.
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.
