Annapurna Swadisht was originally formed as a partnership firm on November 27, 2015. The company is a manufacturer of snacks and food products, namely fryums, cakes, candies, namkeen, chips, and gohona bori.
| Bidding Dates |
|---|
| 15 Sep 2022 - 19 Sep 2022 |
| Subscription |
|---|
| 133.41x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,40,000 | 1 | 1 | 2000 | 4.3 M | ₹68 - ₹70 | 73.68 % | ₹293.9 M - ₹302.5 M | RHP DOC |
Annapurna Swadisht IPO SUBSCRIPTION STATUS
19 Sep '22Annapurna Swadisht IPO overall subscription rate was 133.41 times the total available shares
Annapurna Swadisht IPO retail subscription rate was 225.48 times in the retail segment
Annapurna Swadisht IPO non-institutional investor subscription rate was 301.13 times in the non-institutional investor category
Annapurna Swadisht IPO Qualified Institutional Bidder subscription rate was 18.34 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
19 Sep 2022 (Day 3) | 225.48x | 301.13x | 18.34x |
16 Sep 2022 (Day 2) | 44.93x | 13.37x | 0.03x |
15 Sep 2022 (Day 1) | 14.39x | 3.58x | 0x |
Annapurna Swadisht FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| Q1FY23 | 13.1 | 289.9 | 844.9 | 750.7 |
| FY22 | 24.1 | 610.5 | 17.4 | -42.2 |
| FY21 | 5.1 | 202.9 | -13.0 | -46.5 |
| FY20 | 3.4 | 137.4 | -4.9 | -6.5 |
Annapurna Swadisht IPO SUBSCRIPTION STATUS DETAILS
Annapurna Swadisht had 4.3 M shares on offer
Annapurna Swadisht IPO offer price was in the range ₹68 - ₹70
Annapurna Swadisht IPO minimum Investment was ₹140000
Annapurna Swadisht IPO issue size was ₹ 293.9 M - ₹ 302.5 M
Annapurna Swadisht had a minimum lot size of 2000 Shares per application
Annapurna Swadisht NUMBER OF SHARES ON OFFER
Annapurna Swadisht IPO IMPORTANT DATES
| Issue Open Date | 15 Sep 2022 |
| Issue close Date | 19 Sep 2022 |
| Allotment Date | 22 Sep 2022 |
| Refund Date | 23 Sep 2022 |
| Demat Account Credit Date | 26 Sep 2022 |
| Listing Date | 27 Sep 2022 |
| Listing on Exchange(s) | NSE |
| Annapurna Swadisht Allotment Status | Exchange |
Annapurna Swadisht IPO subscription opened on 15 Sep 2022, and closed on 19 Sep 2022
IPO allotment for Annapurna Swadisht was finalized on Thursday, 22 Sep 2022
IPO listing for Annapurna Swadisht was on NSE on Tuesday, 27 Sep 2022
Annapurna Swadisht IPO LISTING GAINS
| Issue Price (adjusted) | 68.0 |
| Listing Open Price | 120.0 |
| Listing Close Price | 126.0 |
| Listing Gain% | 76.5% |
| Current Gain% | 130.2% |
Annapurna Swadisht Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Annapurna Swadisht Ltd. | 156.6 | 257.1 | 10.9 | 1.1 | 0.5 | 9.5 | 5 | 521.6 | 27.6 | 31.4 | 45.9 | 14.4 | 9.8 |
| Nestle India Ltd. | 1540 | 296960.4 | 77.9 | 3.4 | 12.2 | 67.8 | 26.5 | 23195 | 14.5 | 3499.1 | 9.1 | 19.8 | 22.6 |
| Britannia Industries Ltd. | 5510 | 132718.4 | 51 | 2.7 | 6.8 | 49.6 | 26 | 19375.6 | 6.6 | 2533.5 | 16.3 | 108.1 | 18.7 |
| Hatsun Agro Products Ltd. | 941.1 | 20962.9 | 56.3 | 2.5 | 2 | 18.3 | 8 | 9972.9 | 14.8 | 356.2 | 24.8 | 16.7 | 22.9 |
| Zydus Wellness Ltd. | 533.8 | 16985 | 90.2 | -2.1 | 3.7 | 3.4 | 1.9 | 3967.4 | 45.7 | 197.2 | -43.2 | 5.9 | -42.5 |
| Bikaji Foods International Ltd. | 623.5 | 15633.4 | 60.5 | 2.2 | 5.1 | 16.1 | 11.5 | 3045.3 | 14.7 | 258.3 | 28.6 | 10.3 | 27.9 |
Annapurna Swadisht IPO Reports
Annapurna Swadisht INFORMATION ON IPO ISSUE
About Annapurna Swadisht
Annapurna Swadisht was originally formed as a partnership firm on November 27, 2015. The company is a manufacturer of snacks and food products, namely fryums, cakes, candies, namkeen, chips, and gohona bori.
Object of the Issue
- Funding the capital expenditure requirements
- General corporate expenses
Annapurna Swadisht - PROMOTERS
| Name |
|---|
| Ritesh Shaw |
| Shreeram Bagla |
Annapurna Swadisht Lead Manager to the Issue
Corporate Capital Ventures Private Limited
kp@ccvindia.com
Annapurna Swadisht Registrar to the issue
Skyline Financial Services Limited
ipo@skylinerta.com
Annapurna Swadisht Strengths
Focus on product development
The team continuously focuses on market research and analysis of evolving customer trends and preferences, for the purposes of introducing new products in the market to maintain a competitive position in the industry.
Customized packaging
Automated packaging machines are used to pack products into their different pack sizes. For secondary packaging for shipping and distribution purposes, LDPE bags are used to protect the primary packs in different stages of sales and distribution.
Wide distribution network
The distribution network enables the company to effectively respond to market demand, evolving consumer preferences and competitive pressures. As of June 30, 2022, its distribution network included 300 distributors and 80 super distributors.
Testing and quality control processes in place
From the start to the end of the manufacturing process, strict measures are put in place to emphasise on quality and product safety. The quality control team is also well trained to impart knowledge of quality, regulatory and statutory standards, and their updates, to the manufacturing staff in general.
Annapurna Swadisht Risks
Legal proceedings
The company is involved in certain legal proceeding(s) and potential litigations
Infringment of trademark
Pratap Snacks has filed a case before the District Judge (Commercial Court)-01, Tis Hazari Courts, West District, Delhi alleging that Annapurna Swadisht selling its product with a name similar to the registered name of the product of Pratap Snacks, thereby causing an infringement of its trademark
Restrictive covenants in the loan agreements
There are several restrictive covenants in the loan agreements, which could influence the company's ability to expand, in turn affecting business and results of operations
IPO FAQs
The promoters of the company are Ritesh Shaw and Shreeram Bagla.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 68.0 - 70.0.
The IPO application opens on Sep 15, 2022 and closes on Sep 19, 2022.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 140,000.0, the maximum value for this IPO is Rs 140,000.0.
This IPO will be allotted on Sep 22, 2022.
The refund will be credited to your account on Sep 23, 2022.
The allotted shares will be credited to your demat on Sep 26, 2022.
Annapurna Swadisht Ltd.’s shares listed on the stock exchanges on Sep 27, 2022.