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Annapurna Swadisht Limited IPO (Annapurna Swadisht IPO) Detail

Sep 15, 2022 - Sep 19, 2022

Incorporated in 2015, Annapurna Swadisht Limited is a manufacturer of snacks and food products, namely, Fryums, cakes, candy, namkeen, chips and Gohona Bori.

Annapurna Swadisht Limited sells more than 12 Lakh packets of products daily. The company is one of the largest FMCG players in Eastern India and we are the fastest growing segment in Fryums, Cakes, Candies, Namkeen and Potato Chips.

Annapurna Swadisht Limited has two manufacturing units one in Asansol with a constructed area of approx. 50,142 sq. ft. and in Siliguri with a constructed area of approx. 35,000 sq. The daily production capacity of the Asansol manufacturing unit is 15 MT of Fryums, whereas the daily production capacity of the manufacturing unit at Siliguri is 10 MT of Fryums.

The company's products are marketed under the own brand names Jackpot, Chatpata Moon, Balloon, Finger, Rambo, Makeup Box, Dhamaka, Phoochka, Jungle Adventures, Ringa, Bachpan Ka Pyaar, Kurchure, Cream Filled Cake Vanilla, Cream Filled Cake Litchi, among others.

Annapurna Swadisht Limited has been certified by Food Safety and Standards Authority of India (FSSAI) for the quality management systems of our Company about our products.

As of the Red Herring Prospectus, the company has employed 235 employees including administrative staff, skilled, semi-skilled and unskilled labour and has 225 employees on a contractual basis as of July 31, 2022. As of June 30, 2022, The company's distribution network included 300 nos. of Distributors and 80 Super Distributors.

Strengths:

  • Availability of raw materials.
  • Low wage labour availability.
  • Good transportation system.
  • Brand image.

Company Financials

Annapurna Swadisht Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-20435.881374.5534.29
31-Mar-211144.492029.9951.13
11-Feb-222819.954922.04185.51
31-Mar-223082.611183.4255.39
30-Jun-225028.452905.63130.93
Amount in ₹ Lakhs

Objects of the Issue

The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:

1) Funding the capital expenditure requirements.

2) General Corporate Expenses.

Annapurna Swadisht IPO Details

Annapurna Swadisht IPO Date Sep 15, 2022 to Sep 19, 2022
Annapurna Swadisht IPO Face Value ₹10 per share
Annapurna Swadisht IPO Price ₹68 to ₹70 per share
Annapurna Swadisht IPO Lot Size 2000 Shares
Issue Size4,322,000 shares of ₹10
(aggregating up to ₹30.25 Cr)
Fresh Issue4,322,000 shares of ₹10
(aggregating up to ₹30.25 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
QIB Shares OfferedNot more than 50% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Offer
Company Promoters

Ritesh Shaw and Shreeram Bagla are the company promoters.

Annapurna Swadisht IPO Timeline (Tentative Timetable)

Annapurna Swadisht IPO opens on Sep 15, 2022, and closes on Sep 19, 2022. The Annapurna Swadisht IPO bid date is from Sep 15, 2022 10.00 A.M. to Sep 19, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Annapurna Swadisht IPO Opening Date Sep 15, 2022
Annapurna Swadisht IPO Closing Date Sep 19, 2022
Basis of Allotment Sep 23, 2022
Initiation of Refunds Sep 23, 2022
Credit of Shares to Demat Sep 26, 2022
Annapurna Swadisht IPO Listing Date Sep 27, 2022

Annapurna Swadisht IPO Lot Size

The Annapurna Swadisht IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹140,000
Retail (Max) 1 2000 ₹140,000

Annapurna Swadisht IPO Promoter Holding

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

Annapurna Swadisht IPO Review

The company is in a highly competitive segment that has many unorganized and giant players. Based on its financial data, the issue appears greedily priced. Perhaps the company is trying to encase on the recent boom seen for the SME IPOs. Risk seeker/cash surplus investors may consider an investment. Read detail review...


Annapurna Swadisht IPO Subscription Status (Bidding Detail)

The Annapurna Swadisht IPO is subscribed 133.43 times on Sep 19, 2022 7:00:00 PM. The public issue subscribed 225.54 times in the retail category, 18.34 times in the QIB category, and 301.13 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB18.34
NII301.13
Retail225.54
Total133.43

Annapurna Swadisht IPO Prospectus

Annapurna Swadisht IPO Rating

576
4.0
Rating:Rated 4.0 stars
Vote Here ...

Annapurna Swadisht IPO Listing Date

Listing Date Tuesday, September 27, 2022
BSE Script Code
NSE Symbol ANNAPURNA
Listing In ST Group of Securities
ISIN INE0MGM01017
IPO Price ₹70 per share
Face Value ₹10 per share

Company Contact Information

Annapurna Swadisht Limited
90, Phears Lane,
Unit No. 604, 6th floor,
Kolkata- 700012
Phone: + 91 33 46032805
Email: cs@annapurnasnacks.in
Website: http://www.annapurnasnacks.in/

Annapurna Swadisht IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/

Annapurna Swadisht IPO Review

Annapurna Swadisht IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 7 0 2

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IPO Broker Recommendations

Annapurna Swadisht IPO FAQs

Annapurna Swadisht IPO is a SME IPO of 4,322,000 equity shares of the face value of ₹10 aggregating up to ₹30.25 Crores. The issue is priced at ₹68 to ₹70 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Sep 15, 2022, and closes on Sep 19, 2022.

Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Annapurna Swadisht IPO using UPI as a payment gateway. Zerodha customers can apply in Annapurna Swadisht IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Annapurna Swadisht IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Annapurna Swadisht IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Annapurna Swadisht IPO opens on Sep 15, 2022 and closes on Sep 19, 2022.

Annapurna Swadisht IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Annapurna Swadisht IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Annapurna Swadisht IPO will be done on Sep 23, 2022, and the allotted shares will be credited to your demat account by Sep 26, 2022. Check the Annapurna Swadisht IPO allotment status.

The Annapurna Swadisht IPO listing date is on Tuesday, September 27, 2022.
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