Shri Ahimsa Naturals Limited (formerly Shri Ahimsa Mines and Minerals Ltd.) is a well-established company in the extraction, manufacturing, and trading of Caffeine Anhydrous Natural, Green Coffee Bean Extracts (GCE), and Crude Caffeine. The company's products are used in various industries such as food & beverages, nutraceuticals, cosmetics, and pharmaceuticals, owing to their significant health benefits.

Company Overview and IPO Details: The Shri Ahimsa Naturals IPO is a Book Built Issue amounting to ₹ 73.81 Crores, with a fresh issue of 42.03 Lakh shares worth ₹ 50.02 Crores and an Offer for Sale of 19.92 Lakh shares, totaling ₹ 23.79 Crores. The subscription period opens on March 25, 2025, and closes on March 27, 2025. The allotment of shares is expected to be finalized on March 28, 2025 (Friday), and the shares will be listed on the NSE SME with a tentative listing date set for April 03, 2025 (Thursday).

The price band for the IPO is set between ₹ 113 and ₹ 119 per equity share, with a market capitalization of ₹ 277.62 Crores at the upper price band. The lot size of the IPO is 1,200 shares, and retail investors need to invest a minimum of ₹ 1,42,800, while High-Net-Worth Individuals (HNIs) must invest in at least 2 lots (2,400 shares), which amounts to ₹ 2,85,600.

IPO Lead Managers and Registrar:

• Book Running Lead Manager: Srujan Alpha Capital Advisors LLP

• Registrar: Cameo Corporate Services Limited

• Market Maker: Choice Equity Broking Private Limited

Grey Market Premium (GMP): As of now, the Grey Market Premium (GMP) of the Shri Ahimsa Naturals IPO is ₹ 0, based on the company's financial performance. It's essential to note that no real trading occurs based on the Grey Market Premium, and any discovery of the price before the official listing is speculative.

Shri Ahimsa Naturals IPO Subscription Status: As of 11:00 AM on March 27, 2025, the IPO has been subscribed 6.04 times on its final day of the subscription period. This indicates strong investor interest.

Anchor Investors Report: The company has raised ₹ 20.87 Crores from anchor investors, who subscribed at the upper price band of ₹ 119 per share. 17,54,400 equity shares were allocated to these investors, indicating strong confidence in the company's prospects.

IPO Allotment Process: The IPO allotment date is March 28, 2025 (Friday). To check your allotment status, follow these steps:

1. Navigate to the IPO allotment status page.

2. Select Shri Ahimsa Naturals Limited IPO from the dropdown.

3. Enter your application number, PAN, or DP Client ID.

4. Submit the details to view your allotment status.

Objectives of the IPO: The company intends to utilize the net proceeds from the IPO for the following purposes:

1. ₹ 3,500.00 Lakhs will be invested in their Wholly-Owned Subsidiary, Shri Ahimsa Healthcare Private Limited (SAHPL), for setting up a manufacturing facility in Sawarda, Jaipur, Rajasthan.

2. The remaining funds will be used for general corporate purposes.

Financial Performance and Key Metrics: Shri Ahimsa Naturals has shown impressive financial growth. The company's revenues from operations for FY 2024 were ₹ 5,894.23 Lakh, with an EBITDA of ₹ 1,438.88 Lakh and Profit After Tax (PAT) of ₹ 974.45 Lakh. Over the last few years, the company has consistently improved its financial standing.

The pre-issue EPS is ₹ 10.19, and the post-issue EPS is expected to be ₹ 8.00. The pre-issue P/E ratio is 11.68x, and the post-issue P/E ratio is 14.87x, indicating that the IPO is fairly priced when compared to the industry P/E ratio of 22x.

IPO Review and Recommendation: Given the company's financial stability and steady growth over the years, the IPO appears to be fairly priced. However, considering the Grey Market Premium of ₹ 0 and the market conditions, we recommend investors to avoid the IPO for listing gains, but it may be considered for long-term investment based on the company's growth prospects.

The Current active IPO are Aten Papers & Foam Limited, Infonative Solutions Limited,Spinaroo Commercial Limited,Retaggio Industries Limited,Identixweb Limited.

The Closed IPOs are  ATC Energies System Limited, Shri Ahimsa Naturals Limited, Desco Infratech Limited

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