Annapurna Swadisht IPO will open for subscription from 15 September 2022. the company aims for an issue size of ₹30.25 Cr.
Annapurna Swadisht Limited
The company is a manufacturer of snacks and food products, namely, Fryums, cakes, candy, nankeen, chips, and Gohona Bori. Its key raw materials include refined flour, palm oil, spices, and laminates. It is one of the largest FMCG players in Eastern India and is the fastest growing player in Fryums, Cakes, Candies, Namkeen, and Potato Chips.
The company has a unique price point of INR5 which makes it the dominant player in Rural areas. It sells more than 12 Lakh packets of products daily. The company has a hub in Asansol with a constructed area of approx. 50,142 sq. ft. and a manufacturing unit in Siliguri with a constructed area of approx. 35,000 sq. ft. It has generated employment for over 235 people.
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. Both units are well equipped with machinery and other handling equipment to facilitate a smooth manufacturing process. Along with this, the units also have an in-house laboratory for testing the quality of products. At the end of 30 June 2022, the company operated both facilities at near full capacity and is in the process of setting up manufacturing facilities at Hooghly and Howrah.
Major Competitive Strengths
- Brand image.
- Availability of raw materials.
- Good transportation system.
- Low-wage labor availability.
Objects of the Issue
- Funding the capital expenditure requirements.
- General Corporate Expenses.
Basic details about the company
| Full name | Annapurna Swadisht Limited |
| Sector | Fast Moving Consumer Goods |
| Industry | Consumer Food |
| Company Website | www.annapurnasnacks.in |
Dates to remember
| IPO Opening date | 15 September 2022 |
| IPO Closing | 19 September 2022 |
| Basis of Allotment | 22 September 2022 |
| Initiation Refunds | 23 September 2022 |
| Credit to Demat Account | 26 September 2022 |
| Listing Date | 27 September 2022 |
Annapurna Swadisht IPO Details
| Subscription Dates | 15 – 19 September 2022 |
| Price Band | INR68 – 70 per share |
| Fresh issue | 43,22,000 shares (INR29.39 – 30.25 crore) |
| Offer For Sale | Nil |
| Total IPO size | 43,22,000 shares (INR29.39 – 30.25 crore) |
| Minimum bid (lot size) | 2,000 shares (INR138,000 – 140,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Annapurna Swadisht IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
Annapurna Swadisht Financial Performance
| FY2020 | FY2021 | FY2022 | |
| Revenue | 1,374.44 | 2,029.31 | 6,104.66 |
| Expenses | 1,322.05 | 1,950.67 | 5,761.81 |
| Net income | 34.29 | 51.13 | 240.90 |
Annapurna Swadisht Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.49 | 0.73 | 3.44 |
| PE ratio | – | – | – |
| RONW (%) | 41.48 | 22.11 | 31.89 |
| NAV | – | – | 10.79 |
| Debt/Equity ratio | 8.50 | ||
| EBITDA (%) | – | – | – |
Company Promoters
- Mr Hikmatbahadur Krishnabahadur Kunwar
Annapurna Swadisht IPO Promoter Holding
| Pre Issue Share Holding | 70.37% |
| Post Issue Share Holding | 51.85% |
Lead Manager(s)
- Corporate CapitalVentures Pvt Ltd
Annapurna Snacks IPO Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D – 153A, First Floor,
Okhla Industrial Area, Phase – 1,
New Delhi – 110 020, India
Phone: 011 – 4045 0193/197
E-mail: ipo@skylinerta.com
Website: www.skylinerta.com
Annapurna Swadisht Contact Details
ANNAPURNA SWADISHT LIMITED
90, Phears Lane,
Unit No. 604, 6th floor,
Kolkata- 700012, West Bengal
Phone: +91 33 46032805
Email: cs@annapurnasnacks.in
Website: www.annapurnasnacks.in
Annapurna Swadisht IPO Allotment Status
Annapurna Swadisht IPO allotment will be available on Skyline Financial Services’ website.
Click on this link to get allotment status.
Final thoughts
Annapurna Swadisht IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
