Annapurna Swadisht IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’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.
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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:
- Ritesh Shaw
- 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 Lakh |
| Net Issue to the Public | Up to 41,06,000 Equity Shares aggregating up to Rs. NA Lakh |
| 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 |
| CORPORATE CAPITALVENTURES PRIVATE LIMITED 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 |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED 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 |
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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.
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