Bookbuilding IPO | ₹30 Cr | Listed at NSE SME | Thu, Sep 15, 2022 - Mon, Sep 19, 2022
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 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,40,000 (2000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Sep 15, 2022
IPO Close
Mon, Sep 19, 2022
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹114.95 Cr
| IPO Date | 15 to 19 Sep, 2022 |
| Listed on | Tue, Sep 27, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹68 to ₹70 |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 43,22,000 shares (agg. up to ₹30 Cr) |
| Reserved for Market Maker | 2,16,000 shares SS Corporate Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 41,06,000 shares (agg. up to ₹29 Cr) |
| Net Offered to Public | 41,06,000 shares (agg. up to ₹29 Cr) |
| Share Holding Pre Issue | 1,21,00,000 shares |
| Share Holding Post Issue | 1,64,22,000 shares |
| NSE Symbol | ANNAPURNA |
| ISIN | INE0MGM01017 |
Annapurna Swadisht IPO comprises a total issue size of 43,22,000 shares. The net offer to the public is 41,06,000 shares, after excluding 2,16,000 shares allotted on a firm basis. Of the Net offer 20,50,000 (49.93%) are allocated to QIB, 6,16,000 (15.00%) allocated to NII 14,40,000 (35.07%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 20,50,000 | 49.93% | 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 | 15.00% | 14.25% |
| Retail Shares Offered | 14,40,000 | 35.07% | 33.32% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,16,000 | 5.00% | |
| Total Shares Offered | 43,22,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
Annapurna Swadisht IPO raises ₹8.61 crore from anchor investors. Annapurna Swadisht IPO Anchor bid date is September 14, 2022.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Sep 14, 2022 |
| Shares Offered | 12,30,000 |
| Anchor Portion (₹ Cr.) | 8.61 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Oct 23, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Dec 22, 2022 |
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 | 30 Jun 2022 | 31 Mar 2022 | 11 Feb 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|---|
| Assets | 50.28 | 30.83 | 28.20 | 11.44 | 4.36 |
| Total Income | 29.06 | 11.83 | 49.22 | 20.30 | 13.75 |
| Profit After Tax | 1.31 | 0.55 | 1.86 | 0.51 | 0.34 |
| NET Worth | 0.00 | 0.00 | 0.00 | ||
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | ||
| Amount in ₹ Crore | |||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure requirements | 21.73 |
| 2 | General Corporate Expenses | 7.56 |
| KPI | |
|---|---|
| RoNW | 31.89 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.44 | |
| P/E (x) | 21.94 | |
| Promoter Holding | 70.37% | 51.85% |
| Market Cap | ₹114.95 Cr. |
The Annapurna Swadisht IPO is subscribed 133.43 times on September 19, 2022 7:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 18.34 | 20,50,000 | 3,75,90,000 |
| NII* | 301.13 | 6,16,000 | 18,54,98,000 |
| Retail | 225.54 | 14,40,000 | 32,47,72,000 |
| Total | 133.43 | 41,06,000 | 54,78,60,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager fees, Advisors and commissions (including any underwriting commission, brokerage and selling commission) | 0.45 |
| 2 | Advertising and marketing expenses | 0.05 |
| 3 | Fees payable to Registrar to the Issue | 0.01 |
| 4 | Brokerage and selling commission payable to SCSBs, Registered Brokers, RTAs and CDPs, as applicable | 0.01 |
| 5 | Processing fees to the SCSBs and to the Sponsor Banks for ASBA Forms procured by Registered Brokers, RTAs or CDPs | 0.04 |
| 6 | Printing and distribution of issue stationery | 0.06 |
| 7 | Listing fees | 0.01 |
| 8 | NSE processing fees | 0.00 |
| 9 | Book Building software fees | 0.04 |
| 10 | Other regulatory expenses | |
| 11 | Fees payable to legal counsel | 0.01 |
| 12 | Miscellaneous | 0.30 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹120.00 |
| Low | ₹114.00 |
| High | ₹126.00 |
| Last Trade | ₹126.00 |
Lead Manager Reports
Annapurna Swadisht IPO is a SME IPO of 43,22,000 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Sep 15, 2022, and closes on Mon, Sep 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 Thu, Sep 15, 2022 and closes on Mon, Sep 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 Mon, Sep 26, 2022. Check the Annapurna Swadisht IPO allotment status.
The Annapurna Swadisht IPO listing date is on Tue, Sep 27, 2022.
