2 weeks Ago By NDTV Profit News
The allotment of shares in the initial public offering of Shri Ahimsa Naturals Ltd. is set to be finalised on Friday, Mar. 28, following a robust subscription.
The NSE SME offer was booked nearly 63 times, led by an enthusiastic response from non-institutional buyers on the final day.Shri Ahimsa Naturals IPO was booked nearly 183 times by NIIs, followed by 35 times subscriptions by retail investors and 21.23x subscriptions by qualified institutional buyers.
Overall, investors placed bids for 25.9 crore shares in comparison to 41,36,400 shares offered, resulting in an oversubscription of 62.71 times.
Incorporated in 1990, Shri Ahimsa Naturals Ltd. is a manufacturer of beverage ingredients such as caffeine anhydrous, green coffee bean extracts, and crude caffeine. These products are used in industries such as food and beverages, cosmetics, and pharmaceuticals.
The Rs 73.81 crore Shri Ahimsa Naturals IPO is a mix of a fresh issue of 42.04 lakh shares worth Rs 50.
02 crores and an offer for sale of 19.99 lakh shares totalling Rs 23.79 crores.
Shri Ahimsa Naturals IPO is a fixed price issue offering shares at Rs 119 apiece. With the subscription window now closed, all eyes are on the allotment of shares in Shri Ahimsa Naturals IPO. Investors who participated in the bidding process can check the allotment status online via the official websites of NSE and the issue's registrar, Cameo Corporate Services Ltd.
Studds IPO: Helmet-Maker Retries Market Debut After Seven YearsHow To Check Shri Ahimsa Naturals IPO Allotment StatusSteps To Check Shri Ahimsa Naturals IPO Allotment Status On NSE:Head to - https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bidsSelect the symbol ''SHRIAHMISA" in the designated section.
Enter PAN details.Enter Application number details.Hit submit to check the status.
Steps To Check Shri Ahimsa Naturals IPO Allotment Status On Cameo Corporate Services:Log on to Cameo Corporate Services' IPO allotment page: https://ipostatus1.cameoindia.com/Select Shri Ahimsa Naturals Ltd.
from the company dropdown menu.Select one of the input options: PAN, application number, or DP/client ID.Enter the required details based on your previous selection.
Verify captcha details.Click 'Submit' to view your allotment status.NSE IPO Could Face Potential Delay As SEBI Flags Shortcomings—NDTV Profit ExclusiveShri Ahimsa Naturals IPO Listing DateFollowing the confirmation of the IPO allotment, Shri Ahimsa Naturals will initiate refunds for the non-allottees and begin the credit of shares into the demat account of successful bidders on Apr.
1. Shares of Shri Ahimsa Naturals Ltd. are proposed to be listed on the NSE SME platform Emerge on Apr.
2.Shri Ahimsa Naturals IPO GMP TodayThe latest grey market premium on the shares for Shri Ahimsa Naturals IPO stood at Rs 24 on Mar. 28, according to InvestorGain.
As per the current trends, Shri Ahimsa Naturals shares are likely to list at Rs 143, marking a premium of 20.17% over the issue price. Note: GMP does not present official data and is based on speculation.
Use Of ProceedsShri Ahimsa Naturals has proposed to use the net proceeds from the IPO to set up a manufacturing unit in Rajasthan and for general corporate purposes.Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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