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  • Writer's pictureJatin Agarwal

Annapurna Swadisht IPO

Updated: Nov 1, 2022



Overview

Annapurna Swadisht Limited is a manufacturer of snacks and food products. The company is coming out with an IPO in the SME category. It makes products like Fryums, chips, cakes, candies, namkeens, etc. The company has 2 manufacturing units, one in Asansol and one in Siliguri.


The company's products are marketed under their own in house brands like Jackpot, Chatpata Moon, Balloon, Bachpan ka Pyaar, Phoochka, Jungle Adventures, Ringa, Rambo, Finger, Makeup Box, Kurchure, etc.


The company is FSSAI certified. As per the DRHP, there are 235 employees on permanent basis and 225 employees on contractual basis in the company as of July 31, 2022.


Distribution network is key for any FMCG company and this company has 300 distributors and 80 super distributors.


Annapurna is currently valued at a P/E of 20x based on its FY22 EPS of ₹3.44 and the P/B is 2.9x.

Financials (rounded off)

Date

Total Revenue (₹ in cr)

PAT (₹ in cr)

31/03/2021

20.23

0.51

31/03/2022

11.83

0.55

30/6/2022

29.05

1.3

Objectives of the Issue

1) Funding Capex needs

2) General Corporate Purpose


Annapurna Swadisht IPO Details

IPO Date

15/09/2022-19/09/2022

Face Value

₹10 per share

IPO Price Band

₹68-70 per share

IPO Lot Size

2000 shares

Listing at

NSE SME

Basis of Allotment

22/09/2022

Credit of shares in demat

26/09/2022

Listing Date

27/09/2022

Pre-Issue Shareholding

70.37%

Post-Issue Shareholding

51.85%

Retail Minimum lot size

2000 shares (₹140,000)


Crisp Insights

1) This company is backed by ace investor Shankar Sharma.

2) The GMP per share is around ₹40-50 as on 17/09/2022.

3) The IPO is seeing heavy subscription from retail category thus, making chances of allotment slim.


Disclaimer: All information is provided for educational and informational purpose only. Data is fetched from publicly available sources such as the DRHP filed by the company. The website or the author takes no guarantee for the accuracy of the data however, we have tried our best to present accurate data to out readers. Please consult a financial advisor or do your own analysis before investing/trading in the stock market.

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