Shri Ahimsa Naturals IPO: Check allotment status, listing date and other details

Shri Ahimsa Naturals' IPO was highly successful, being oversubscribed over 60 times. The IPO closed on Thursday with share allotment finalized soon after. The company plans to raise Rs 74 crore for corporate purposes and investments, further enhancing its product line with Green Coffee Bean Extracts and Caffeine Anhydrous Natural.

After a long time, Shri Ahimsa Naturals' IPO managed to get one of the highest subscriptions seen this year. The issue, which included a fresh equity sale of 42.03 lakh shares and an offer for sale (OFS) of Rs 23 crore, was booked over 60 times at close.

The IPO closed on Thursday and the company will finalise the share allotment process later today.Investors can check Shri Ahimsa Naturals IPO allotment status through NSE and also via the registrar's website.Firstly, here's how you check IPO allotment on NSEStep 1: Visit the NSE Website (https://www.

nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp)Step 2: Please select the issue name, that is the company's name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.Check Shri Ahimsa Naturals IPO allotment through Cameo Corporate Services Step 1: Visit the Cameo Corporate Services website (https://ipostatus1.cameoindia.

com/)Step 2: Select Shri Ahimsa Naturals IPOStep 3: Enter the PAN details and click search to know the statusCheck Shri Ahimsa Naturals GMPShri Ahimsa Naturals GMP last seen is around Rs 24, which is a premium of 20% over the issue price. The IPO was priced at Rs 119 per share and the listing is scheduled on April 2.Shri Ahimsa Naturals IPO detailsShri Ahimsa Naturals planned to raise Rs 74 crore through the public offer and will use the funds for investment in its wholly-owned subsidiary and general corporate purposes.

About Shri Ahimsa NaturalsThe company primarily processes crude caffeine sourced from various decaffeination plants located in Vietnam, Mexico, and other regions. Crude caffeine, the primary raw material, is a byproduct of these decaffeination plants. It undergoes further processing to produce Green Coffee Bean Extracts (GCE) and Caffeine Anhydrous Natural.

Initially, the company's operations were focused solely on the extraction, manufacturing, and sale of Caffeine Anhydrous Natural. However, through research and development on crude caffeine obtained from specific suppliers, it was discovered that the raw material also contained Green Coffee Bean Extracts (GCE), leading to an expansion of its product offerings.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.

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