Shri Ahimsa Naturals IPO booked 62.71x on Day 3 so far; check subscriptions status, latest GMP, more

Shri Ahimsa Naturals IPO has opened for subscription on Tuesday, March 25, and will close on Thursday, March 27. Shri Ahimsa Naturals IPO price band has been fixed in the range of ₹113 to ₹119 per equity share of face value of ₹10 each. Bids can be made for a minimum of 1,200 equity shares and in multiples of 1,200 equity shares thereafter.

Shri Ahimsa Naturals Limited, established in 1990, specializes in the extraction and production of Caffeine Anhydrous, Green Coffee Bean Extracts, and Crude Caffeine, while also trading other herbal extracts. The products offered by the company are utilized across the food and beverage, nutraceutical, cosmetics, and pharmaceutical sectors due to their health advantages.

The company’s product lineup features items such as Natural Caffeine and Green Coffee Bean Extract. It exports its offerings to countries including the USA, Germany, South Korea, the UK, and Thailand. For the period ending September 30, 2024, the revenue from exports (including deemed exports) of the company’s products amounted to ₹3,530.91 lakhs, ₹7,463.71 lakhs, and ₹9,988.01 lakhs for Fiscal 2023, and ₹5,633.50 lakhs for Fiscal 2022. The manufacturing facility is located in Jaipur, Rajasthan.

In its Red Herring Prospectus (RHP), the company noted that it operates in a niche sector and that there are no publicly traded companies whose businesses are exactly like theirs. Therefore, they do not consider that there are any comparable listed industry peers.

Shri Ahimsa Naturals IPO subscription status

Shri Ahimsa Naturals IPO subscription status is 62.71 times, on day 3, so far. The retail portion was subscribed 34.99 times, and NII portion was booked 182.82 times. Qualified Institutions Buyers portion was subscribed 21.23 times.

At 17:04 IST, the company has received bids for 25,93,81,200 shares against 41,36,400 shares on offer, according to data on chittorgarh.com

Shri Ahimsa Naturals IPO subscription status was 87%, on day 1, and on the second bidding day the issue was subscribed 4.04 times.

Shri Ahimsa Naturals IPO details

Shri Ahimsa Naturals IPO consists of fresh issue of shares of up to ₹50.02 crore and an offer for sale (OFS) of up 19,99,200 equity shares of face value of ₹10 each by a promoter selling shareholder.

Shri Ahimsa Naturals IPO intends to use the net proceeds for specific purposes: investing in our wholly-owned subsidiary, Shri Ahimsa Healthcare Private Limited (SAHPL), to establish a manufacturing facility in Sawarda, Jaipur, Rajasthan; and for general corporate purposes.

Srujan Alpha Capital Advisors LLP serves as the book-running lead manager for the IPO of Shri Ahimsa Naturals, whereas Cameo Corporate Services Limited is responsible for the issue's registrar. The market maker for the Shri Ahimsa Naturals IPO is Choice Equity Broking Private Limited.

Shri Ahimsa Naturals IPO GMP today

Shri Ahimsa Naturals IPO GMP today is +18. This indicates Shri Ahimsa Naturals share price was trading at a premium of ₹18 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Shri Ahimsa Naturals share price is indicated at ₹137 apiece, which is 15.13% higher than the IPO price of ₹119.

Following the grey market activities over the last nine sessions, today's IPO GMP shows an upward trend and anticipates a robust listing. The minimum GMP recorded is ₹0.00, whereas the maximum GMP is ₹18.00, as reported by investorgain.com.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

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