Shri Ahimsa Naturals IPO - Day 3 Subscription at 8.99 Times

Shri Ahimsa Naturals' initial public offering (IPO) has shown exceptional progress through its three-day subscription period. The ₹73.81 crore IPO has witnessed overwhelming demand, with subscription rates starting at 0.87 times on day one, surging to 4.04 times on day two, and reaching an impressive 8.99 times by 11:49 AM on the final day, demonstrating extraordinary investor interest in this manufacturer of Caffeine Anhydrous, Green Coffee Bean Extracts, and Crude Caffeine that serves food & beverage, nutraceuticals, cosmetics and pharmaceutical industries.

The Shri Ahimsa Naturals IPO non-institutional investors segment leads with a remarkable 20.24 times subscription, while retail investors follow with 8.69 times and qualified institutional buyers show full subscription at 1.00 times, reflecting particularly strong retail and HNI confidence in this company that exports to markets including the USA, Germany, South Korea, UK, and Thailand.

Subscription Status of Shri Ahimsa Naturals IPO:

Here are the subscription details for Shri Ahimsa Naturals IPO as of Day 3 (March 27, 2025, 11:49 AM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

Shri Ahimsa Naturals IPO - Day 3 Subscription

Key Highlights:

• Overall subscription reaching exceptional 8.99 times, showing overwhelming investor enthusiasm
• NII segment showing extraordinary demand at 20.24 times, nearly triple day two's 7.03 times
• Retail investors showing very strong participation at 8.69 times, nearly double day two's 4.48 times
• QIB segment maintaining full subscription at 1.00 times, unchanged from day two
• Total applications reaching 16,224, including 15,078 from retail investors
• Cumulative bid amount reaching ₹442.28 crores, nearly 6 times the issue size
• Retail and NII bid amounts nearly equal at ₹215.31 crores and ₹213.04 crores respectively

Shri Ahimsa Naturals IPO - Day 2 Subscription at 4.04 Times

Key Highlights:

• Overall subscription reaching strong 4.04 times, more than quadrupling from day one
• NII segment showing impressive demand at 7.03 times, more than triple day one's 1.94 times
• Retail investors showing growing confidence at 4.48 times, nearly five times day one's 0.91 times
• QIB segment reaching full subscription at 1.00 times after zero participation on day one
• Day two momentum indicating robust investor enthusiasm across all categories
• Market response highlighting strong confidence in natural extracts and nutraceuticals sector
• Manufacturing expertise attracting significant investor attention
• Second day setting stage for continued strong subscription on final day

Shri Ahimsa Naturals IPO - Day 1 Subscription at 0.87 Times

Key Highlights:

• Overall subscription opening strong at 0.87 times, nearly reaching full subscription on first day
• NII segment beginning impressively at 1.94 times, indicating early high net-worth investor confidence
• Retail investors showing good initial interest at 0.91 times, approaching full allocation
• QIB segment showing no participation on opening day
• Opening day demonstrating solid investor engagement particularly from non-institutional investors
• Initial momentum reflecting positive assessment of natural extracts industry opportunity
• Export-oriented business model drawing significant early investor interest
• First day setting strong subscription baseline suggesting potential for oversubscription

About Shri Ahimsa Naturals Limited

Founded in 1990, Shri Ahimsa Naturals Limited specializes in extracting and manufacturing Caffeine Anhydrous, Green Coffee Bean Extracts, and Crude Caffeine, while also trading in other herbal extracts. Their products serve food & beverage, nutraceuticals, cosmetics, and pharmaceutical industries, with significant export presence in the USA, Germany, South Korea, UK, and Thailand.

The company operates a manufacturing facility in Jaipur, Rajasthan that complies with multiple certifications including ISO 9001:2015, ISO 22000:2018, ISO 45001:2018, ISO 14001:2015, HACCP, and GMP guidelines. With approximately 80 employees as of March 2025, the company has built strong research and development capabilities to support its manufacturing processes.

Financial performance shows solid results with revenue of ₹78.70 crores in FY2024 and profit of ₹18.67 crores, while the six months ended September 2024 already reported ₹41.37 crores revenue with ₹9.74 crores PAT. Export revenue has been consistently strong, reaching ₹99.88 crores in FY2023. Key performance indicators include healthy 22.25% ROE, 25.69% ROCE, and minimal debt with debt-to-equity ratio of just 0.07.
 

Highlights of the Shri Ahimsa Naturals IPO:

• IPO type: Book Built Issue SME IPO
• IPO size: ₹73.81 crores
• Fresh Issue: 42.04 lakh shares aggregating to ₹50.02 crores
• Offer for Sale: 19.99 lakh shares aggregating to ₹23.79 crores
• Face value: ₹10 per share
• Issue price: ₹119 per share
• Lot size: 1,200 shares
• Minimum investment for retail investors: ₹1,42,800
• Minimum investment for HNI: ₹2,85,600 (2 lots)
• Market maker reservation: 3,12,000 shares
• Anchor portion: 17,54,400 shares (₹20.88 crores raised)
• Listing at: NSE SME
• IPO opens: March 25, 2025
• IPO closes: March 27, 2025
• Allotment date: March 28, 2025
• Listing date: April 2, 2025