NEWS

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

IPO OPENING DATE	15th Sept, 2022
CLOSING DATE FOR IPO	19th Sept, 2022
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	68 Rs. – 70 Rs.
LOT SIZE	2000 shares
MINIMUM ORDER QUANTITY	2000 shares
ISSUE SIZE	30.25 Crore Rs.
OFFER FOR SALE	No shares
FRESH ISSUE	30.25 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	27th Sept, 2022

IMPORTANT DATES

IPO OPENING DATE	15th Sept, 2022
CLOSING DATE FOR IPO	19th Sept, 2022
IPO ALLOTMENT DATE	22nd Sept, 2022
REFUNDS	23rd Sept, 2022
DEMAT A/C CREDITED ON	26th Sept, 2022
IPO LISTING DATE	27th Sept, 2022

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 :

	Shares	Amount
Minimum	2000 shares	140000 Rs.
Maximum	2000 shares	140000 Rs.

OBJECTIVES FOR THE IPO

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

COMPANY FINANCIALS

Particularly (in Million Rs.)	2021-22	2020-21	2019-20
ASSETS	3083	1144	436
Revenue	1183	2030	1375
PAT	55	51	34

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.