Annapurna Swadisht Limited IPO : Financials And Other Info.

Annapurna Swadisht Limited initiated its business operations in 2015. The company is involved in food products and snacks like fryums, candy, cakes, chips, namkeen and others. It has a daily sales of more than 12 lakh packets. It has a huge market in the eastern India and also has 2 manufacturing facilities. The manufacturing facilities are located in Siliguri and Asansol. It has passed all the quality tests under FSSAI. As of the latest company data it has 235 employees and a network of 300 distributors. It also has a chain of 80 Super Distributors.

IPO DETAILS

Annapurna Swadisht Limited IPO is set to launch on 15th Sept, 2022. The subscription timeline extends till 19th Sept, 2022. The size for the IPO is 30.25 Crore Rs.. Shares issued through fresh issues are worth Rs. 30.25 Crore Rs. No shares are issued through Offer For Sale mode. The lot size is 2000 shares and the price range is 68 Rs. – 70 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 10 and this is a book built issue. The registrar for the company is Skyline Financial Services Private Limited

TABULAR REPRESENTATION OF IPO DETAILS

IMPORTANT DATES

Annapurna Swadisht Limited IPO begins for subscription from 15th Sept, 2022. The IPO subscription would continue till 19th Sept, 2022. The allotment status for the shareholders who applied would come on 22nd Sept, 2022. The refunds for the ones who did not get allotment would be initiated on 23rd Sept, 2022. The DEMAT accounts of shareholders would be credited on 26th Sept 2022. The listing of the company would be accompanied on 27th Sept, 2022.

Lead Managers

The lead managers are :

• Corporate Capital Ventures Private Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to  140000 Rs.. The maximum lot size is decided at 2000 shares. This amounts to 140000 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• For General corporate purposes.
• To meet the future capital requirements.

COMPANY FINANCIALS

The company has a vast improvement in its asset numbers. In 2020 the assets were around 436 Million Rs. This number increased to 1144 Million Rs. in 2021 and to 3083 Million Rs. in 2022. This means the company is expanding at double pace every year. However its revenue generation for the last year was highly deteriorating. The revenue went from 1375 Million Rs. to 2030 Million Rs. in 2021. The same decreased to 1183 Million Rs. in 2022. However the revenu was decreasing on one end but the profits kept on increasing. The profits were marketed at 34 Million Rs. in 2020, 51 Million Rs. in 2021 and 55 Million Rs. in 2022. 

If we compare the assets to the profit ratio the numbers are highly skewed and this indicates a direct question in an investor’s mind about the company’s profitability. However the brand name of the company is strong in the eastern India region and it has a high growth potential ahead as it has been in existence only for 5 years.

PROS

• The company has a Great Sales Average per day.
• Annapurna Swadisht Limited enjoys Low cost labour.
• Its distribution, networking and transportation facilities are great according to its functionality.

CONS

• The firm is working into a highly competitive segment.

Annapurna Swadisht Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Annapurna Swadisht Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.