Annapurna Swadisht IPO Review, GMP and Allotment

Annapurna Swadisht IPO Review, GMP and Allotment

Founded in 2015, Annapurna Swadisht Limited is a producer of snacks and meal products, which are fryums, cakes, candies, namkeens, chips, and gohona boree. Annapurna Swadisht Limited sells over 12 lakh packs of products every day. The Company is one of the largest FMCG players in East India, we are fast growing segments in Fritters, Pies, Sweets, Namkeens, and Potato chips. 

Annapurna Swadisht Limited has two manufacturing units, one at Asansol, covering an area of about. The production capacity per day at Asansol production unit is 15 MMT Fryums and Siliguri Production Unit has 10 MMT Fryums. The Companys products are sold under its proprietary brands such as Jackpot, Chatpata Moon, Balloon, Finger, Rambo, Makeup Box, Dhamaka, Phoochka, Jungle Adventures, Ringa, Bachpan Ka Pyaar, Kurchure, Vanilla Flavoured Cake, Cream Flavoured Cake, Litchi Flavoured Cake, etc.

Annapurna Swadisht Limited has been certified by the Food Safety and Standards Authority of India (FSSAI) on our Companys Quality Management System regarding our products. 

As per Red Herring prospectus, the Company has employed 235 employees including Administrative Personnel, Skilled, Semi-Skilled and Unskilled Labourers, and has contractually employed 225 employees till July 31, 2022. As of June 30, 2022, the companys distribution network includes 300 No. Annapurna Swadisht Limited is engaged in the manufacture of snacks and food products such as Friesum, Cakes, Sweets, Namkeen, Chips, and Gohona Bori. They are one of the largest players in FMCG sector in eastern India with products such as Fryums, cakes, candies, namkeens and potato chips. They have a network of about 300 distributors and 80 super distributors. 

They have two manufacturing units at Asansol and Siliguri. Annapurna Swadisht has daily manufacturing capacity of 15 MMT Fryums at the Asansol unit while the daily manufacturing capacity is 10 MMT Fryums at the Siliguri unit. They are selling products under brand names like Jackpot, Chatpata Moon, Balloon, Finger, Rambo, Makeup Box, Dhamaka, Phoochka, Jungle Adventures, Ringa, Bachpan Ka Pyaar, Kurchure, Vanilla Flavoured Cake, Lichi Flavoured Cake, among others. The company has about 235 employees, 225 of whom are contractually employed, according to the RHP. You can check the subscription status of Annapurna Swadisht IPO and the allocation status of Annapurna Swadisht IPO at its respective pages.   

Annapurna Swadisht is an established producer of snacks and food products, which are fryums, cakes, sweets, namkeens, chips, and gohona boree. Their main raw materials include refined flour, palm oil, spices and laminates. The company uses high-quality raw materials, which are obtained from well-respected local suppliers, helping us in assuring quality in our products. 

Annapurna Swadisht is an FMCG company in Bharat. They are one of the largest FMCG players in eastern India, they are fast growing segments in Fritters, cakes, candies, namkeens, and potato chips. They have an exclusive RRP of Rs.

The company is selling over 12 lakh packs of products every day. The company has its headquarter at Asansol, which has a built up area of about. The production capacity per day at Asansol manufacturing unit is 15MT Fryums, while Siliguri production units have production capacity per day of 10MT Fryums. 

Annapurna Swadisht IPO GMP (Grey Market Premium)

DateGMPSubject toListing Gain
22 September₹65₹1,10,000100%

Annapurna Swadisht IPO Allotment Status

Annapurna Swadisht IPO Allotment Status (Link will be available from September 22, 2022)Click Here

Important Dates

IPO Opening DateSeptember 15, 2022
IPO Closing DateSeptember 19, 2022
Basis of AllotmentSeptember 22, 2022
Initiation of RefundsSeptember 23, 2022
Credit of Shares to DematSeptember 26, 2022
IPO Listing DateSeptember 27, 2022

Annapurna Swadisht IPO Details

IPO Price Band₹68 to ₹70 Per Equity Share
IPO Lot SizeMinimum 2000 shares for 1 lot
Minimum Amount₹1,40,000 for 1 lot
IPO SizeApprox. Rs.30.25 Crores
Listing AtBSE, NSE
Offer for Sale4,322,000 Equity Shares
Retail Quota:35%
QIB Quota:50%
NII Quota:15%
DRHP Draft Prospectus:Click Here
Click HereClick Here

Annapurna Swadisht IPO Subscription Status Live

Investor CategorySubscription (times)
Qualified Institutions18.34
Non-Institutional Buyers301.09
Retail Investors225.54
Employees
Others
Total133.43

IPO Subscription Details (times)

DateQIBNIIRetailTotal
Day 1
Sep 15, 2022
0.003.5814.395.59
Day 2
Sep 16, 2022
0.0313.3744.9317.78
Day 3
Sep 19, 2022
18.34301.13224.54133.43

Financial Report

Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-20435.881374.5534.29
31-Mar-211144.492029.9951.13
11-Feb-222819.954922.04185.51
31-Mar-223082.611183.4255.39
30-Jun-225028.452905.63130.93

Valuation – FY2022

 Earning Per Share (EPS):₹3.44 per Equity Share
 Price/Earning P/E Ratio:N/A
 Return on Net Worth (RoNW):31.89%
 Net Asset Value (NAV):₹10.79 per Equity Share

Annapurna Swadisht IPO Review

What our Expert say about Annapurna Swadisht IPO ReviewApply

Objective of the Issue

  • Funding the capital expenditure requirements.
  • General Corporate Purpose.

IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022

Email: ipo@skylinerta.com

Website: https://www.skylinerta.com/

Peer Group

  • Prataap Snacks Limited
  • DFM Foods Limited
  • Britannia Industries Limited

Company Promoters

  • Ritesh Shaw
  • Shreeram Bagla

Company Address

Annapurna Swadisht Limited

90, Phears Lane,

Unit No. 604, 6th floor,

Kolkata- 700012

Phone: + 91 33 46032805

Email: cs@annapurnasnacks.in

Website: http://www.annapurnasnacks.in/

Similar Posts

Leave a Reply

Your email address will not be published.