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Health Care
Today marks a significant milestone for Shri Ahimsa Naturals Limited as its Initial Public Offering (IPO) opens for subscription. This event is highly anticipated among investors due to the company's strong presence in the natural extracts industry. Incorporated in 1990, Shri Ahimsa Naturals is renowned for its Caffeine Anhydrous Natural, Green Coffee Bean Extracts (GCE), and Crude Caffeine products, which find applications in various sectors including food & beverage, nutraceuticals, cosmetics, and pharmaceuticals.
The IPO consists of a fresh issue of 42.04 lakh shares worth about ₹50.02 crores and an offer for sale (OFS) of 19.99 lakh shares aggregating ₹23.79 crores. The fresh issue will help the company raise capital for expansion and strategic investments, while the OFS will enable the promoters to divest a portion of their holdings.
As of now, Shri Ahimsa Naturals' shares are trading at a grey market premium (GMP) of about ₹12, reflecting a 10% premium over the upper end of the price band (₹119). This signals strong investor interest and optimism about the stock's future performance.
The net proceeds from the fresh issue will be primarily used for:
Shri Ahimsa Naturals operates as an Export Oriented Unit (EOU), exporting its products to over 14 countries including the USA, Germany, South Korea, and the UK. It maintains strict quality standards, holding certifications like ISO 9001:2015 (Quality Management System), ISO 22000:2018 (Food Safety Management System), ISO 45001:2018 (Occupational Health & Safety Management System), and ISO 14001:2015 (Environmental Management System).
By the end of the second day (March 26), the IPO was oversubscribed by approximately 3.79 times. The strong subscription is expected to continue, especially with non-institutional investors showing significant interest. The final subscription figures as of March 27 indicate an even more robust response, with Qualified Institutional Buyers (QIBs) subscribing 21.23 times, Retail Individual Investors bidding 35 times, and Non-Institutional Investors subscribing an impressive 135.41 times.
The IPO of Shri Ahimsa Naturals offers a promising opportunity for investors seeking to tap into the booming natural extracts market. With its strong product portfolio, international presence, and strategic expansion plans, this SME IPO is attracting considerable attention. The upcoming listing on the NSE SME platform on April 2, 2025, will be closely watched by both existing and potential shareholders.
As investors prepare to dive into this IPO, understanding the subscription trends, uses of proceeds, and market sentiment will be crucial for making informed decisions. Whether you're a seasoned investor or new to the market, this offering presents an interesting proposition to consider. Stay tuned for updates on the allotment and listing as the IPO journey unfolds.
