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Annapurna Swadisht Limited IPO

Annapurna Swadisht Limited IPO

IPO Date :
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Listed Price: ₹ 120.00 (+71.43%)

Annapurna Swadisht Limited's has transitioned to a publicly listed entity following its IPO debut on 27-10-2022 at the NSE exchange. The public offering successfully raised 43,22,000 Shares, consisting of 43,22,000 Sharesin new capital.

The IPO featured a competitive price range of ₹70 to ₹70 and minimum application size of 2000 shares. Market reception was evidenced through subscription activity between 15-10-2022 and 19-10-2022, reflecting investor appetite for the offering.

Allotment of shares was completed on 23-10-2022, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.

Annapurna Swadisht IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Annapurna Swadisht IPO Key Performance Indicator
Company Financials ( In Lakhs )

Annapurna Swadisht IPO About Company

Incorporated in 2015, Annapurna Swadisht Limited is a major snacks and food products manufacturer in Eastern India, producing fryums, cakes, candies, namkeen, chips, and Gohona Bori. The company sells over 12 lakh packets daily and is among the fastest-growing FMCG players in its category. It operates two manufacturing units—one in Asansol with a 50,142 sq. ft. facility and a daily fryums capacity of 15 MT, and another in Siliguri with a 35,000 sq. ft. facility and a 10 MT daily capacity. Annapurna markets its products under several popular brand names including Jackpot, Chatpata Moon, Balloon, Rambo, Kurchure, and multiple cream-filled cake variants. The company is FSSAI certified and, as of July 31, 2022, employed 235 staff along with 225 contractual workers. As of June 30, 2022, its strong distribution network consisted of 300 distributors and 80 super distributors.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Annapurna Swadisht IPO Strength Factors

  1. Easy Availability of Raw Materials: Readily accessible inputs support smooth production.
  2. Low-Cost Labour: Availability of affordable labour helps reduce operating costs.
  3. Good Transportation Network: Strong connectivity ensures efficient movement of goods.
  4. Strong Brand Image: Recognized and trusted brand in the market.

Annapurna Swadisht IPO Risk Factors

NA


Annapurna Swadisht IPO Lead Manager(s)

  • Corporate Capitalventures Private Limited

Annapurna Swadisht IPO Promoter(s)

  1. Ritesh Shaw
  2. Shreeram Bagla

Annapurna Swadisht IPO Company Details

Annapurna Swadisht Limited
Phone:
address:

Annapurna Swadisht IPO Registrar

Skyline Financial Services Private Limited
Name:
Phone:

Annapurna Swadisht IPO FAQs