Shri Ahimsa Naturals Limited, formerly known as Shri Ahimsa Mines And Minerals Ltd., is launching its Initial Public Offering (IPO) on March 25, 2025. The IPO is set to raise ₹73.81 crores, comprising a fresh issue of 42.03 lakh shares worth ₹50.02 crores and an offer for sale (OFS) of 19.92 lakh shares totaling ₹23.79 crores. The IPO subscription closes on March 27, 2025, with the allotment expected on March 28, 2025, and the listing date scheduled for April 3, 2025, on NSE SME.

IPO Details

• Price Band: ₹113 - ₹119 per share

• Lot Size: 1,200 shares

• Minimum Investment (Retail): ₹1,42,800 (1 lot)

• Minimum Investment (HNI): ₹2,85,600 (2 lots)

• Market Capitalization at Upper Price Band: ₹277.62 crores

• Book Running Lead Manager: Srujan Alpha Capital Advisors LLP

• Registrar: Cameo Corporate Services Limited

• Market Maker: Choice Equity Broking Private Limited

Company Overview

Shri Ahimsa Naturals Limited is engaged in the extraction and manufacturing of Caffeine Anhydrous Natural, Green Coffee Bean Extracts (GCE), and Crude Caffeine, along with trading other herbal extracts. Their products are widely used in the food & beverage, nutraceuticals, cosmetics, and pharmaceutical industries.

Grey Market Premium (GMP) & Subscription Status

• GMP as of March 20, 2025: ₹0 (No premium observed)

• Expected Listing Price: ₹119 per share

• Subscription Opens: March 25, 2025

• Subscription Closes: March 27, 2025

• Allotment Finalization: March 28, 2025

• Listing Date: April 3, 2025

Financial Performance

Shri Ahimsa Naturals has reported a steady financial growth over the years. Here’s a look at their financials:

Key Financial Ratios:

• Pre-Issue EPS: ₹10.19

• Post-Issue EPS: ₹8.00

• Pre-Issue P/E Ratio: 11.68x

• Post-Issue P/E Ratio: 14.87x

• ROCE (FY24): 25.69%

• ROE (FY24): 22.25%

Anchor Investors

Shri Ahimsa Naturals has raised ₹20.87 crores from Anchor Investors at a price of ₹119 per share. A total of 17,54,400 equity shares were allocated to anchor investors.

IPO Objectives

The company plans to utilize the IPO proceeds for:

1. Investment of ₹35 crores in Wholly-Owned Subsidiary Shri Ahimsa Healthcare Private Limited to set up a manufacturing facility at Sawarda, Jaipur, Rajasthan.

2. General corporate purposes.

IPO Allotment & How to Check Status

The IPO allotment will be finalized on March 28, 2025. Investors can check their allotment status online:

• Visit the IPO registrar’s website (Cameo Corporate Services Limited).

• Select “Shri Ahimsa Naturals Limited IPO” from the list.

• Enter application number, PAN, or DP Client ID.

• Submit details to check the allotment status.

Should You Apply for Shri Ahimsa Naturals IPO?

While Shri Ahimsa Naturals has shown consistent revenue growth, the lack of GMP indicates low demand in the grey market. The valuation appears fair, but listing gains seem uncertain. Considering the GMP of 0.00%, investors looking for listing gains may avoid this IPO. However, long-term investors may consider the fundamentals before investing.

Final Verdict

• Short-Term Investors: Avoid for listing gains due to weak GMP.

• Long-Term Investors: Consider after evaluating financial growth and industry outlook.

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