Shri Ahimsa Naturals IPO to open for subscription today. Check issue price, GMP, other details
About Shri Ahimsa Naturals IPO
<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-119451776»>The company will issue a total of 6,202,800 equity shares out of which, 42,03,600 Equity Share will be fresh while up to 19,99,200 equity shares will be offered for sale (OFS). The shares will be offered by promoter selling shareholders Nemi Chand Jain and Sumitra Jain.
The lot size will be 1,200 equity shares and in multiples thereof and investors can subscribe a minimum of 1 lot.
The maximum subscription amount for retail investors will be Rs 2 lakh. The maximum bid quantity for QIB investors is 41,36,400 equity shares in multiple of 1,200 equity shares while for NIB investors' category 29,66,400 equity shares.
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About Company
The company primarily processes crude caffeine procured from multiple decaffeination plants. The primary raw material is crude caffeine, a bi-product of such decaffeination plants. We process crude caffeine to manufacture Green Coffee Beans Extracts (GCE) and Caffeine Anhydrous Natural. The company's business is focused on extraction, manufacturing & sale of Caffeine Anhydrous Natural.
Anchor Allocation
The company has raised Rs 20.83 crore from seven investors which include Founders Collective Fund, Bharat Venture Opportunities Fund, Wealthwave Capital Trust-Wealthwave Capital Fund, Nav Capital Vcc — Nav Capital Emerging Star Fund, Milky Investment And Trading Company, Minerva Emerging Opportunities Fund Limited and Saint Capital Fund.
GMP of Shri Ahimsa Naturals ahead of IPO
Ahead of the issue opening, the shares were trading at a