Home  »  Ipo Review  »  Annapurna Swadisht Ipo

Let’s have a detailed review of the company and analytics of the Annapurna Swadish IPO release date, IPO offer price, subscription, Annapurna Swadish Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs 10
Price Band Rs. 68 – Rs. 70 per share
Listing At NSE SME
Min. Order Quantity 2000 shares
Listing Date Sep 27, 2022
Offer for Sale
Fresh Issue Rs. 3025 Lakh
IPO Size Rs. 3025 Lakh
Tick Size 1

Annapurna Swadish IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Annapurna Swadish IPO – Summary

The Company was incorporated as a private limited company under the Companies Act, 2013 in the name and style of “Annapurna Swadisht Private Limited” bearing Registration Number 251553 dated February 11, 2022 upon conversion of the partnership firm namely Annapurna Agro Industries, under part 1 of Chapter XXI of the Companies Act, 2013, issued by the Registrar of Companies, West Bengal.

Subsequently, the Company was converted into public limited company pursuant to a shareholders’ resolution passed at an Extra-Ordinary General Meeting held on June 15, 2022, and name of the Company was changed to “Annapurna Swadisht Limited” and a fresh Certificate of Incorporation dated July 8, 2022 was issued by Registrar of Companies, Central Registration Centre, Delhi.

As on date of this Red Herring Prospectus the Corporate Identification Number of the Company is U15133WB2022PLC251553.

The Promoter of this company is Ritesh Shaw and Shreeram Bagla. The lead manager to the issue is CORPORATE CAPITALVENTURES PRIVATE LIMITED, and the Registrar to this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.

Annapurna Swadish IPO Date

The opening of Annapurna Swadish IPO will be on Sep 15, 2022 and the closing date Sep 19, 2022.

Annapurna Swadish IPO Subscription

Day / Date QIB NII RII Total Subscription
1st Day – 15th Sept 0.00x 3.58x 14.39x 5.59x
2nd Day – 16th Sept 0.03x 13.37x 44.93x 17.78x
3rd Day – 19th Sept 18.34x 301.13x    225.53x 133.43x
Shares Offered or Net Issue 2,050,000 616,000 1,440,000 4,106,000

The shares subscribed by the public will be updated here.

Annapurna Swadish IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Annapurna Swadish Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization Sep 22, 2022
Refunds Initiation Sep 23, 2022
Credit of Shares to Demat Account Sep 26, 2022
Share Listing Date Sep 27, 2022

Annapurna Swadish IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs. 68-70.

Annapurna Swadish IPO Equity Size

This Initial Public Issue of 4,322,000 Equity Shares of Rs.10 each for cash at a price of Rs. 68 – Rs. 70 per equity share aggregating to Rs.3025 Lakh.

Annapurna Swadish IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,16,000 Equity Shares of Rs.10/ each.

Issue Size: Rs. 4,322,000 Equity Shares of Rs.10 each, aggregating to Rs. 3025 Lakh.

Open Free Demat Account Now!

    Fill Your Details Here
    1. Open Demat AccountInvest in IPO

    Annapurna Swadish IPO – Live Performance

    The listing date of this IPO is . You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Annapurna Swadish Share Price

    Annapurna Swadish IPO Grey Market Premium

    The Annapurna Swadish Limited IPO Grey Market Premium price is Rs.65 , the Kostak rate is Rs X and the Subject to Sauda is Rs.110000 

    Annapurna Swadish IPO – Company Overview

    The promoters Mr. Ritesh Shaw and Mr. Shreeram Bagla were under taking the business of snacks and food products in the Annapurna Agro Industries.

    The Firm was incorporated in the year 2015, and over the years, it is being able to established itself as a brand name in the Eastern India.

    The Company is manufacturer of snacks and food products, namely, Fryums, cakes, candys, namkeen, chips and Gohona Bori.

    They are a Bharat FMCG Company. Also, they are one of the largest FMCG player in Eastern India and they are the fastest growing segment in Fryums, Cakes, Candies, Namkeen and Potato Chips. They have a unique price point of Rs. 5 which makes them the dominant player in Rural Area.

    They sell more than 12 Lakh packets of products daily. The Company have a hub in Asansol with an constructed area of approx. 50,142 sq. ft. and at Manufacturing unit in Siliguri with an constructed area of approx. 35,000 sq. ft. They have generated employment to over 235 people.

    Annapurna Swadish IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
            30-Jun-22        31-Mar-22      11-Feb-22       31-Mar-21     31-Mar-20
    Total Assets 5028.45 3082.61 2819.95 1144.49 435.88
    *Total Revenue 2905.63 1183.42 4922.04 2029.99 1374.55
    Total Expense 2,730.66 1,109.40 4,652.41 1,950.67 1,322.05
    Profit After Tax 130.93 55.39 185.51 51.13 34.29

    Earnings per Equity Share (in Lakh)

            30-Jun-22        31-Mar-22      11-Feb-22       31-Mar-21     31-Mar-20
    Basic & Diluted 1.42 0.79 2.65 0.73 0.49


    Further, their PAT for the period ended on 30-Jun-22,31-Mar-22,11-Feb-22, 31-Mar-21, and 31-Mar-20  were Rs. 130.93 Lakh, Rs. 55.39 Lakh, Rs. 185.51 Lakh, Rs. 51.13 Lakh, and Rs. 34.29 Lakh respectively.

    Annapurna Swadish IPO – Promoters

    The Promoter of this company is:

    1. Ritesh Shaw
    2. Shreeram Bagla

    List of Related Parties (Key Managerial Personnel)

    • Mr. Shreeram Bagla, Managing Director.
    • Mr. Sumit Sengupta, Whole Time director.
    • Mr. Rajesh Shaw, Whole Time director.
    • Mr. Ravi Sarda, Chief Financial Officer.
    • Mr. Shakeel Ahmed, Company Secretary & Compliance Officer.

    Annapurna Swadish IPO – Promoters Holding

    • Pre Issue Share Holding – 70.37%
    • Post Issue Share Holding – 51.85%

    Annapurna Swadish IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 43,22,000 Equity Shares aggregating up to Rs. 3025 Lakh
    of which:
    Issue Reserved for the Market Makers Up to 2,16,000 Equity Shares aggregating up to Rs.NA
    Net Issue to the Public Up to 41,06,000 Equity Shares aggregating up to Rs. NA
    Of which:
    Retail Investors Portion Not less than 50%
    Other than Retail Individual Investors Not more than 50%
     Equity Shares outstanding prior to the Issue 1,21,00,000 Equity Shares
     Equity Shares outstanding after the Issue 1,64,22,000 Equity Shares

    Annapurna Swadish IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Funding the capital expenditure requirements;
    2. General Corporate Expenses.

    Annapurna Swadish IPO – Business Strategy

    • Enhance customer base by entering new geographies
    • Leveraging the Market skills and Relationships
    • Focus on quality

    Annapurna Swadish IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Growing financial performance
    • Multi-product portfolio;
    • Cordial relations with the customers;
    • Quality Assurance & Control;
    • Leveraging the experience of the Promoters;
    • Experienced management team and a motivated and efficient work force;

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    30-Jun-22 1.42 14.77%
    31-Mar-22 0.79 31.89% 10.79
    11-Feb-22 2.65
     31-Mar-21 0.73 22.11%
    31-Mar-20 0.49 41.48%

    Annapurna Swadish IPO: Competitive Peers

    Face Value (Rs.) P/E EPS  (Rs.) Return on Net Worth (%) Total Income (Rs. in Lakhs)
    Annapurna Swadish Limited 10 NA 3.44 31.89 6,104.66
    Listed Peers
    Prataap Snacks Limited 5 644.52 1.24 0.47 1,38,309.77
    DFM Foods Limited 2 (72.57) (4.93) (16.02) 55,445.00

    Annapurna Swadish IPO Lead Managers

    Lead Managers
    B1/E13, First Floor, Mohan Co-operative Industrial Estate,
    Mathura Road, New Delhi – 110044,
    Tel: +91 11 – 41824066;
    Fax: +91 11 – 41824066
    Email: kp@ccvindia.com
    Website: www.ccvindia.com
    Permanent SEBI Registration: INM000012276
    Contact Person: Mr. Kulbhushan Parashar

    Annapurna Swadish IPO Registrar to offer

    Registrar to the Offer
    D-153 A, 1st Floor, Okhla Industrial Area, Phase – I,
    New Delhi-110020
    Tel : +91-11-40450193-197;
    Fax: +91-11-26812683
    Email: ipo@skylinerta.com
    Website: www.skylinerta.com;
    Permanent SEBI Registration No.: INR000003241
    Contact Person: Mrs. Rati

    Annapurna Swadish IPO – Other Details

    • Statutory Auditor – M/s. A M R K & CO. Charted Accountants
    • Legal Counsel to the Company – . BD Associates
    • Bankers to the Company – NA

    Annapurna Swadish IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


    Subscribe to Annapurna Swadish IPO

      Fill Your Details Here
      1. Open Demat AccountInvest in IPO

      Annapurna Swadish Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Annapurna Swadish IPO Review FAQs

      Check out various FAQs related to Annapurna Swadish IPO:

      What is the Issue Size of Annapurna Swadish IPO?

      The Company is making an initial public offer of 4,322,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.

      What is the Price band of Annapurna Swadish IPO?

      The price band for this particular IPO ranges between Rs. NA. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Annapurna Swadish IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 15, 2022, while the closing date is set at Sep 19, 2022.

      What is the Annapurna Swadish IPO Allotment Date?

      We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 22, 2022, refund initiation is on Sep 23, 2022, credit of shares is on Sep 26, 2022, and share listing date is on Sep 27, 2022.

      What is the Annapurna Swadish IPO Listing Date?

      Shares of this company shall be listed in the exchanges Sep 27, 2022. The date, when the listing would be done, is stagnant on Sep 27, 2022.

      Who is the Registrar of Annapurna Swadish IPO?

      One of the reputed registrars is managing the issue of this IPO, SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Annapurna Swadish IPO?

      Here are the promoters of this IPO – Ritesh Shaw and Shreeram Bagla. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is GMP of Annapurna Swadish IPO?

      We have obtained the GMP of this IPO and it is Rs.65 Further insights of Kostak rate and subject to sauda or SS Rs.110000 are as well included in this report.

      Is Rhetan IPO good for Investment?

      We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Annapurna Swadish Company?

      We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 30-Jun-22,31-Mar-22,11-Feb-22, 31-Mar-21, and 31-Mar-20  were Rs. 130.93 Lakh, Rs. 55.39 Lakh, Rs. 185.51 Lakh, Rs. 51.13 Lakh, and Rs. 34.29 Lakh respectively.

      Calculate your return on investment!

      Asset Class ROI (Rs.) Profit (Rs.) Profit (%)
      Real Estate
      Fixed Deposit
      Mutual Fund

      Featured Topics


      Get 100% IPO Allotment Guarantee! Subscribe to IPO