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Annapurna Swadisht IPO is a book build issue of ₹30.25 crores. The issue is entirely a fresh issue of 0.43 crore shares of ₹30.25 crore.
Annapurna Swadisht IPO bidding started from Sep 15, 2022 and ended on Sep 19, 2022. The allotment for Annapurna Swadisht IPO was finalized on Sep 23, 2022. The shares got listed on NSE SME on Sep 27, 2022.
Annapurna Swadisht IPO price band is set at ₹70.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,36,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Corporate Capitalventures Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is SS Corporate Securities Ltd..
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 |
| Issue Price Band | ₹68 to ₹70 per share |
| Issue Price Final | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 43,22,000 shares (aggregating up to ₹30.25 Cr) |
| Reserved for Market Maker | 2,16,000 shares SS Corporate Securities Ltd. (aggregating up to ₹1.51 Cr) |
| Net Offered to Public | 41,06,000 shares (aggregating up to ₹28.74 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,21,00,000 shares |
| Share Holding Post Issue | 1,64,22,000 shares |
Annapurna Swadisht IPO offers total 43,22,000 shares. Out of which 20,50,000 (47.43%) allocated to QIB, 8,20,000 (18.97%) allocated to QIB, 6,16,000 (14.25%) allocated to NII, 14,40,000 (33.32%) allocated to RII and 12,30,000 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,16,000 (5.00%) |
| QIB Shares Offered | 20,50,000 (47.43%) |
| − Anchor Investor Shares Offered | 12,30,000 (28.46%) |
| − QIB (Ex. Anchor) Shares Offered | 8,20,000 (18.97%) |
| NII (HNI) Shares Offered | 6,16,000 (14.25%) |
| Retail Shares Offered | 14,40,000 (33.32%) |
| Total Shares Offered | 43,22,000 (100.00%) |
Annapurna Swadisht IPO raises ₹8.61 crore from anchor investors. Annapurna Swadisht IPO Anchor bid date is September 14, 2022. Annapurna Swadisht IPO Anchor Investors list
| Bid Date | September 14, 2022 |
| Shares Offered | 12,30,000 |
| Anchor Portion Size (In Cr.) | 8.61 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 23, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 22, 2022 |
Annapurna Swadisht IPO opens on September 15, 2022, and closes on September 19, 2022.
| IPO Open Date | Thu, Sep 15, 2022 |
| IPO Close Date | Mon, Sep 19, 2022 |
| Tentative Allotment | Fri, Sep 23, 2022 |
| Initiation of Refunds | Fri, Sep 23, 2022 |
| Credit of Shares to Demat | Mon, Sep 26, 2022 |
| Tentative Listing Date | Tue, Sep 27, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 19, 2022 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 ₹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...
| Listing Date | September 27, 2022 |
| BSE Script Code | |
| NSE Symbol | ANNAPURNA |
| ISIN | INE0MGM01017 |
| Final Issue Price | ₹70 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹120.00 |
| Low | ₹114.00 |
| High | ₹126.00 |
| Last Trade | ₹126.00 |
Annapurna Swadisht Ltd.
90, Phears Lane,
Unit No. 604,
6th floor,
Kolkata, West Bengal, 700012
Phone: + 91 33 46032805
Email: cs@annapurnasnacks.in
Website: http://www.annapurnasnacks.in/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Annapurna Swadisht IPO is a SME IPO of 43,22,000 equity shares of the face value of ₹10 aggregating up to ₹30.25 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on September 15, 2022, and closes on September 19, 2022.
Skyline Financial Services Pvt.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, and the minimum amount required for application is ₹1,40,000.
You can apply in Annapurna Swadisht IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Annapurna Swadisht IPO listing date is on Tuesday, September 27, 2022.
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