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Annapurna Swadisht IPO is a book built issue of Rs 30.25 crores. The issue is entirely a fresh issue of 43.22 lakh shares.
Annapurna Swadisht IPO bidding started from September 15, 2022 and ended on September 19, 2022. The allotment for Annapurna Swadisht IPO was finalized on Friday, September 23, 2022. The shares got listed on NSE SME on September 27, 2022.
Annapurna Swadisht IPO price band is set at ₹68 to ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
Corporate Capitalventures Pvt Ltd is the book running lead manager of the Annapurna Swadisht IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Annapurna Swadisht IPO is Ss Corporate Securities.
Refer to Annapurna Swadisht IPO RHP for detailed information.
| IPO Date | September 15, 2022 to September 19, 2022 |
| Listing Date | September 27, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹68 to ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,322,000 shares (aggregating up to ₹30.25 Cr) |
| Fresh Issue | 4,322,000 shares (aggregating up to ₹30.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,100,000 |
| Share holding post issue | 16,422,000 |
| Market Maker portion | 216,000 shares Ss Corporate Securities |
Annapurna Swadisht IPO offers 5,552,000 shares. 2,050,000 (36.92%) to QIB, 616,000 (11.10%) to NII, 1,440,000 (25.94%) to RII 1,230,000 (22.15%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,230,000 (22.15%) |
| Market Maker Shares Offered | 216,000 (3.89%) |
| QIB Shares Offered | 2,050,000 (36.92%) |
| NII (HNI) Shares Offered | 616,000 (11.10%) |
| Retail Shares Offered | 1,440,000 (25.94%) |
| Total Shares Offered | 5,552,000 (100%) |
Annapurna Swadisht IPO opens on September 15, 2022, and closes on September 19, 2022.
| IPO Open Date | Thursday, September 15, 2022 |
| IPO Close Date | Monday, September 19, 2022 |
| Basis of Allotment | Friday, September 23, 2022 |
| Initiation of Refunds | Friday, September 23, 2022 |
| Credit of Shares to Demat | Monday, September 26, 2022 |
| Listing Date | Tuesday, September 27, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 19, 2022 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
| Lot Size Calculator | |||
Ritesh Shaw and Shreeram Bagla are the company promoters.
| Share Holding Pre Issue | 70.37% |
| Share Holding Post Issue | 51.85% |
Incorporated in 2015, Annapurna Swadisht Limited is a manufacturer of snacks and food products, namely, Fryums, cakes, candy, namkeen, chips and Gohona Bori.
Annapurna Swadisht Limited sells more than 12 Lakh packets of products daily. The company is one of the largest FMCG players in Eastern India and we are the fastest growing segment in Fryums, Cakes, Candies, Namkeen and Potato Chips.
Annapurna Swadisht Limited has two manufacturing units one in Asansol with a constructed area of approx. 50,142 sq. ft. and in Siliguri with a constructed area of approx. 35,000 sq. The daily production capacity of the Asansol manufacturing unit is 15 MT of Fryums, whereas the daily production capacity of the manufacturing unit at Siliguri is 10 MT of Fryums.
The company's products are marketed under the own brand names Jackpot, Chatpata Moon, Balloon, Finger, Rambo, Makeup Box, Dhamaka, Phoochka, Jungle Adventures, Ringa, Bachpan Ka Pyaar, Kurchure, Cream Filled Cake Vanilla, Cream Filled Cake Litchi, among others.
Annapurna Swadisht Limited has been certified by Food Safety and Standards Authority of India (FSSAI) for the quality management systems of our Company about our products.
As of the Red Herring Prospectus, the company has employed 235 employees including administrative staff, skilled, semi-skilled and unskilled labour and has 225 employees on a contractual basis as of July 31, 2022. As of June 30, 2022, The company's distribution network included 300 nos. of Distributors and 80 Super Distributors.
Strengths:
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 435.88 | 1374.55 | 34.29 |
| 31-Mar-21 | 1144.49 | 2029.99 | 51.13 |
| 11-Feb-22 | 2819.95 | 4922.04 | 185.51 |
| 31-Mar-22 | 3082.61 | 1183.42 | 55.39 |
| 30-Jun-22 | 5028.45 | 2905.63 | 130.93 |
| Amount in ₹ Lakhs | |||
The market capitalization of Annapurna Swadisht IPO is Rs 114.95 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 21.94 |
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
1) Funding the capital expenditure requirements.
2) General Corporate Expenses.
[Dilip Davda] The company is in a highly competitive segment that has many unorganized and giant players. Based on its financial data, the issue appears greedily priced. Perhaps the company is trying to encase on the recent boom seen for the SME IPOs. Risk seeker/cash surplus investors may consider an investment. Read detail review...
The Annapurna Swadisht IPO is subscribed 133.43 times on September 19, 2022 7:00:00 PM. The public issue subscribed 225.54 times in the retail category, 18.34 times in the QIB category, and 301.13 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 18.34 |
| NII | 301.13 |
| Retail | 225.54 |
| Total | 133.43 |
| Listing Date | September 27, 2022 |
| BSE Script Code | |
| NSE Symbol | ANNAPURNA |
| ISIN | INE0MGM01017 |
| Final Issue Price | ₹70 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹70.00 |
| ₹120.00 |
| ₹114.00 |
| ₹126.00 |
| ₹126.00 |
Annapurna Swadisht Limited
90, Phears Lane,
Unit No. 604, 6th floor,
Kolkata- 700012
Phone: + 91 33 46032805
Email: cs@annapurnasnacks.in
Website: http://www.annapurnasnacks.in/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Annapurna Swadisht IPO is a SME IPO of 4,322,000 equity shares of the face value of ₹10 aggregating up to ₹30.25 Crores. The issue is priced at ₹68 to ₹70 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 15, 2022, and closes on September 19, 2022.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Annapurna Swadisht IPO using UPI as a payment gateway. Zerodha customers can apply in Annapurna Swadisht IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Annapurna Swadisht IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Annapurna Swadisht IPO opens on September 15, 2022 and closes on September 19, 2022.
Annapurna Swadisht IPO lot size is 2000 Shares, and the minimum amount required is ₹140,000.
You can apply in Annapurna Swadisht IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Annapurna Swadisht IPO will be done on Friday, September 23, 2022, and the allotted shares will be credited to your demat account by Monday, September 26, 2022. Check the Annapurna Swadisht IPO allotment status.
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Annapurna has posted result today with some profit gains.. what's your view on that.