Shri Ahimsa Naturals share price: Stock lists at 17.6% premium on NSE SME

Shri Ahimsa Naturals share price: Shares of caffeine anhydrous manufacturer Shri Ahimsa Naturals made a solid debut on the NSE SME platform Emerge on Wednesday, April 2.

The stock listed at ₹140 apiece, reflecting an increase of 17.65% or ₹21 over the issue price of ₹119 per share.

As the minimum bid size for retail investors was 1200 shares, successful bidders managed listing gains of ₹25,200 per lot.

Shri Ahimsa Naturals received a robust response from investors during the three-day subscription period. The NSE SME issue was subscribed 62.71 times.

The demand was led by non-institutional investors (NIIs), who subscribed their portion 182.82 times. The retail investors booked their part 35 times, while the qualified institutional investors (QIBs) quota was subscribed 21.23 times.

The ₹73.81 crore initial share sale was a fresh issuance of 42.04 lakh shares as well as an offer-for-sale of 19.99 lakh shares. The price range was set at ₹113 to ₹119 per share. A single lot of 1,200 shares for retail investors was worth ₹1,42,800 at the cut-off price.

For high-net-worth individuals, the minimum investment was ₹2,85,600.

The funds raised will be used to invest in the wholly-owned subsidiary, Shri Ahimsa Healthcare Pvt Ltd, to set up a manufacturing plant in Rajasthan's Jaipur. A portion will also be utilised for general corporate purposes.

For the first six-month period of the financial year 2024-25, the firm posted a post-tax profit of ₹9.74 crore. The revenue from operations for 6M FY25 stood at ₹40.71 crore.

The net profit was ₹18.66 crore in FY24, compared to ₹38.2 crore in FY23. Its revenue from operations in the fiscal year 2023-24 stood at ₹78.08 crore, as against ₹106.14 crore in FY23.