Shri Ahimsa Naturals Limited, a Jaipur, Rajasthan-based company specializing in caffeine and herbal extracts, made a strong stock market debut on April 2, 2025, with a 17.6% premium on NSE SME. The IPO, subscribed 62.71 times, aims to fund a new manufacturing facility.
Jaipur, Rajasthan-based Shri Ahimsa Naturals Limited marked an impressive stock market debut on April 2, 2025, listing on the NSE SME platform at a 17.6% premium. The company’s shares opened at ₹140 apiece, significantly surpassing the IPO issue price of ₹119 per share.
Founded in 1990, Shri Ahimsa Naturals specializes in manufacturing Caffeine Anhydrous, Green Coffee Bean Extracts, and Crude Caffeine, catering to the food and beverage, nutraceutical, cosmetics, and pharmaceutical industries. The company exports its products to countries including the USA, Germany, South Korea, the UK, and Thailand. Its manufacturing operations are based in Jaipur, Rajasthan.
IPO Subscription and Listing Details
Shri Ahimsa Naturals’ IPO opened on March 25, 2025, and closed on March 27, 2025. The IPO received an overwhelming response, being subscribed 62.71 times. It consisted of a fresh issue of ₹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 utilized to establish a new manufacturing facility in Sawarda, Jaipur, Rajasthan, and for general corporate purposes.
Market Performance and Grey Market Premium (GMP)
As per market reports, Shri Ahimsa Naturals’ IPO Grey Market Premium (GMP) stood at ₹19.5, indicating an estimated listing price of ₹138.5 per share, reflecting a 16.39% premium over the issue price. The stock’s strong performance in the grey market signaled a robust demand ahead of its listing.
Srujan Alpha Capital Advisors LLP acted as the book-running lead manager, Cameo Corporate Services Limited was the registrar, and Choice Equity Broking Private Limited was the market maker for the IPO.
