Shri Ahimsa Naturals IPO: Check date, price band, lot size, objectives, and key details

Shri Ahimsa Naturals IPO, a book-built issue, will open for subscription on Tuesday, March 25. The initial public offer will end on March 27. Its price band has been fixed at ₹113 to ₹119 per share.

The ₹73.81 crore initial share sale is a fresh issue of 42.04 lakh shares as well as an offer for sale of ₹23.79 crore.

The funds generated will be used to invest in Ahimsa Healthcare Private Limited, the company's wholly-owned subsidiary, to set up a manufacturing facility at Jaipur. A portion will also be used for general corporate purposes.

Shri Ahimsa Naturals IPO: Lot size

Retail investors can bid for at least one lot, consisting of 1,200 shares. The minimum investment amount is ₹1,35,600. High net-worth investors can bid for two lots aggregating to ₹2,85,600.

The company has set aside at least 50% of the net offer for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors.

Shri Ahimsa Naturals IPO allotment and listing date

Shri Ahimsa Naturals IPO allotment is expected to be finalised on March 28. Refunds for non-allottees will be initiated on April 1, while credit to the Demat account of successful investors will take place on the same day. The listing on the NSE SME platform Emerge will take place on April 2.

Srujan Alpha Capital Advisors Llp is the IPO's book-running lead manager, while Cameo Corporate Services Ltd is the registrar.

About the company

Shri Ahimsa Naturals is engaged in the extraction and manufacturing of green coffee bean extracts (GCE), caffeine anhydrous natural, and crude caffeine, and trading of other herbal extracts. The company's products are used in food & beverage, cosmetics, nutraceuticals, and pharmaceutical industries due to their health benefits.

Its operations are primarily export-focused, and its products are supplied to more than 14 countries, including the USA, South Korea, Germany, the UK, and Thailand.