Annapurna Swadisht IPO Details & Guidance

On 27 September 2022, Annapurna Swadisht is listed at Rs. 120 as against issue price of Rs. 70

Annapurna Swadisht IPO Allotment:  Click

Grey Market News for Annapurna Swadisht IPO#
On 27 September 2022 
Grey Market Premium:  Rs. 49 sellers

Annapurna Swadisht Trend
On 19 September 2022 @ 5.00 pm
QIB (50%) 20,50,000 Shares:     18.34 T
NII  (15%)   6,16,000 Shares:    301.13T
RII   (35%) 14,40,000 Shares:   225.54 T
Total         41,06,000 Shares:  133.43T

Annapurna Swadisht IPO Details
IPO Date September 15, 22 to September 19, 2022
IPO Face Value Rs 10 per share
IPO Price Rs (?) to (?) per share
IPO Lot Size 2000 Shares
Issue Size 4322,000 shares of Rs 10
(Aggregating up to Rs (?) Cr)
Fresh Issue 4322,000 shares of Rs 10
(Aggregating up to Rs (?) Cr)
Offer for Sale – shares of Rs 10
(Aggregating up to Rs – Cr)
Issue Type Book Built IPO
Listing At NSE SME
QIB: Not more than 50% of the net offer
NII: Not more than 15% of the net offer
RII: Not more than 35% of the net offer

Retail Quota: 50 % / 1080000 Shares

Minimum 2000 Rs (?)
Maximum 2000 Rs (?)
(?) Applications required for onetime subscriptions.

Annapurna Swadisht IPO Timetable 
IPO Opening Date: September 15, 2022
IPO Closing Date: September 19, 2022
Basis of Allotment: September 22, 2022
Initiation of Refunds: September 23, 2022
Credit of Shares to Demat : September 26, 2022
IPO Listing Date: September 27, 2022

Annapurna Swadisht Business:

The Company is manufacturer of snacks and food products, namely, Fryums, cakes, candys, namkeen, chips and Gohona Bori. Its key raw materials include refined flour, palm oil, spices and laminates. The Company use raw material of premium quality sourced from reputed local suppliers, which help it to ensure the quality of its products. It is a Bharat FMCG Company. It is one of the largest FMCG player in Eastern India and it is the fastest growing segment in Fryums, Cakes, Candies, Namkeen and Potato Chips. It has a unique price point of Rs. 5 which makes it the dominant player in Rural Area. It sells more than 12 Lakh packets of products daily. The Company have a hub in Asansol with a constructed area of approx. 50,142 sq. ft. and at Manufacturing unit in Siliguri with a constructed area of approx. 35,000 sq. ft. It has generated employment to over 235 people.
The daily production capacity of the Asansol manufacturing unit is 15 MT of Fryums, whereas the daily production capacity of manufacturing unit at Siliguri is 10 MT of Fryums. Currently, the company has a two-manufacturing unit, located at:
c. Asansol Unit: Girmint road, Majiara, Plot J.L 43, Paschim Bardwan, Asansol, West Bengal – 713301, India.
d. Siliguri Unit: Plot No. RS 471/894, 471, Block – Rajganj, Gram Panchayat – Dabgram II, Mouza – Dabgram, P.S. Bhaktinagar, Vill. & Para – North Shantinagar, Jalpaiguri, West Bengal – 735135, India.

Its units are well equipped with machineries and other handling equipment to facilitate smooth manufacturing process. Along with this, the units also have an in-house laboratory for testing the quality of products.
The installed capacity of its Asansol unit is 15.00 MT per day of 2 shifts and Siliguri unit is 10.00 MT per day of 2 shifts. It presently operates at ~100% in Asansol unit and at ~100% at Siliguri unit as at the end of June 30, 2022.
The Company is in the process of setting of manufacturing facilities at:
a. Village Dulfa, P.O. Bhastara, P.S. Gurap, District Hooghly, Hooghly, West Bengal – 712303, with an installed capacity of 100 MT per day for flour mill, Cakes 5 MT per day and Rusk 10 MT per day,
b. Plot F9, NH-VI, WBIDC Food Park, Dhulagori, PO- Sankrail, Howrah – 712302, with an installed capacity of 16 MT per day FRYUMS and 1.5 MT per day of Wafer.
Its products are marketed under its own brand names.

For more information about the company, Click www.annapurnasnacks.in

Promoters of Annapurna Swadisht
RITESH SHAW AND SHREERAM BAGLA

Annapurna Swadisht: Objects of the IPO
1) Funding the capital expenditure

Registered office of Annapurna Swadisht
90, Phears Lane, Unit No. 604, 6th floor PS- Bowbazar Kolkata- 700012 (West Bengal), India
Company Secretary and Compliance Officer: Mr. Shakeel Ahmed

Lead Manager of Annapurna Swadisht IPO
Corporate Capital Ventures Pvt ltd.

SME IPO Financial & Analytical Ratios#
Total Income 2020-21 Rs. 22.71 Cr
Total Income 2021-22 Rs. 17.52 Cr (10M)
Net Profit 2020-21 Rs. 0.15 Cr
Net Profit 2021-22 Rs. 1.21 Cr (10M)
Earnings per Share 2020-21 Rs 0.73
Earnings per Share 2021-22 Rs 3.44
Return on Net Worth: 20-21: 22.11 %
Return on Net Worth: 21-22: 31.89 % 
Book Value of the Share as on 31.3.22 Rs 10.79
NAV after the IPO Rs. (?)
Offer Price Rs. (?)

IPO Peer Comparison:
Prataap Snacks @ PE Ratio of 644.52
DFM Foods @ PE Ratio of (72.57)
Britannia Industries @ PE Ratio of 58.49

Observation by Paresh Gordhandas (Research Analyst)

Will update soon.

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