Shri Ahimsa Naturals, an India-based caffeine product manufacturer, saw an 83% subscription rate on the first day of its IPO opening on March 25, 2025. The company, headquartered in Jaipur, Rajasthan, specializes in caffeine extraction and herbal products catering to multiple industries. The IPO, which is set to close on March 27, has a price band of ₹113-₹119 per share and has shown positive interest, especially among retail investors.
Shri Ahimsa Naturals Limited, a Jaipur-based manufacturer specializing in caffeine extraction and herbal products, saw an 83% subscription rate on the first day of its Initial Public Offering (IPO). The IPO, which opened on March 25, is set to close on March 27, offering shares at a price band of ₹113-₹119 per share.
IPO Subscription Status
By 16:34 IST on the first day, the company received bids for 34,26,000 shares out of the 41,36,400 shares available, according to data from chittorgarh.com. The retail category saw an 84% subscription rate, while the Non-Institutional Investors (NII) portion was subscribed 1.91 times. The Qualified Institutional Buyers (QIB) portion is yet to be fully subscribed.
Company Overview & IPO Details
Established in 1990, Shri Ahimsa Naturals Limited specializes in the extraction of Caffeine Anhydrous, Green Coffee Bean Extracts, and Crude Caffeine. The company exports its products to markets including the USA, Germany, South Korea, the UK, and Thailand, serving industries such as food and beverage, nutraceuticals, cosmetics, and pharmaceuticals.
The IPO consists of a fresh issue of shares worth ₹50.02 crore and an Offer for Sale (OFS) of 19,99,200 equity shares by a promoter selling shareholder. The proceeds from the IPO will be used to invest in its wholly-owned subsidiary, Shri Ahimsa Healthcare Private Limited (SAHPL), to establish a new manufacturing facility in Sawarda, Jaipur, Rajasthan, and for general corporate purposes.
Srujan Alpha Capital Advisors LLP is the book-running lead manager for the IPO, with Cameo Corporate Services Limited as the issue’s registrar. Choice Equity Broking Private Limited is the market maker.
Grey Market Premium (GMP) Trends
As of March 25, the IPO’s Grey Market Premium (GMP) stood at ₹10, indicating that shares were trading at a premium of ₹10 over the issue price. This suggests an estimated listing price of ₹129 per share, reflecting an 8.40% increase from the upper IPO price band of ₹119. The GMP has shown an upward trend, pointing to a positive sentiment around the listing.
With the IPO witnessing strong interest from investors, analysts expect further traction as the subscription period continues. The final subscription numbers will be closely watched as the IPO nears its closure on March 27, 2025.
