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Shri Ahimsa Naturals IPO subscribed 2.11 times so far on Day 2: Check GMP, price band and other details
The retail portion of the issue was subscribed by 2.47 times, while the issue was subscribed by 4.06 times in the non-institutional investors category on the second day of bidding. Meanwhile, the qualified institutional buyers had not made any bids yet.
The issue comprises a fresh issuance of 42.04 lakh shares worth Rs 50.02 crore and an offer for sale (OFS) of 19.99 lakh shares totaling Rs 23.79 crore.
Shri Ahimsa Naturals IPO’s GMP on Day 2
Ahead of listing, the company's shares were trading with a GMP of Rs 12 in the unlisted market on Wednesday, indicating a 10% premium over the upper end of the IPO price band of Rs 119.
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Price band for the IPO
The price band for Shri Ahimsa Naturals' IPO has been set at Rs 113 to Rs 119 per share.
Proceeds from IPO
The company plans to use Rs 35 crore out of the total proceeds of IPO for investment in its wholly-owned subsidiary, Shri Ahimsa Healthcare Private Limited (SAHPL) for setting up a new manufacturing unit at Sawarda, Jaipur, Rajasthan. It will also use proceeds towards general corporate purposes, the details of which are not disclosed in the RHP.
Key dates for Shri Ahimsa Naturals IPO
The IPO will end on Thursday, March 27. The tentative allotment date is Friday, March 28, 2025 while the initiation of refunds will likely be on April 1. The credit of shares to the demat account is expected to be on the same day with listing likely on April 2.
About Shri Ahimsa Naturals IPO
The company will issue a total of 6,202,800 equity shares out
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