Annapurna swadisht IPO is a manufacturer of snacks and food products, namely, Fryums, cakes, candy, namkeen, chips and Gohona Bori.
Annapurna swadisht IPO – Overview
| IPO Dates | 15-19 sept 2022 |
| IPO Price | INR 70 per share |
| Fresh issue | 4,322,000 shares (INR 36.25 crore) |
| Offer For Sale | Nil |
| Total IPO size | 4,322,000 shares (INR 36.25 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Annapurna swadisht IPO -Tentative Dates
| IPO Offer Opening Date | 15 September 2022 |
| IPO Closing Date | 19 September 2022 |
| Finalisation of Basis of Allotment | 23 September 2022 |
| Initiation of refunds | 23 September 2022 |
| Transfer of shares to demat accounts | 26 September 2022 |
| IPO Listing Date | 27 September 2022 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Overview
Incorporated in 2015, Annapurna Swadisht Limited is a manufacturer of snacks and food products, namely, Fryums, cakes, candy, namkeen, chips and Gohona Bori.
Annapurna Swadisht Limited sells more than 12 Lakh packets of products daily. The company is one of the largest FMCG players in Eastern India and we are the fastest growing segment in Fryums, Cakes, Candies, Namkeen and Potato Chips.
Annapurna Swadisht Limited has two manufacturing units one in Asansol with a constructed area of approx. 50,142 sq. ft. and in Siliguri with a constructed area of approx. 35,000 sq. The daily production capacity of the Asansol manufacturing unit is 15 MT of Fryums, whereas the daily production capacity of the manufacturing unit at Siliguri is 10 MT of Fryums.
The company’s products are marketed under the own brand names Jackpot, Chatpata Moon, Balloon, Finger, Rambo, Makeup Box, Dhamaka, Phoochka, Jungle Adventures, Ringa, Bachpan Ka Pyaar, Kurchure, Cream Filled Cake Vanilla, Cream Filled Cake Litchi, among others.
Annapurna Swadisht Limited has been certified by Food Safety and Standards Authority of India (FSSAI) for the quality management systems of our Company about our products.
As of the Red Herring Prospectus, the company has employed 235 employees including administrative staff, skilled, semi-skilled and unskilled labour and has 225 employees on a contractual basis as of July 31, 2022. As of June 30, 2022, the company’s distribution network included 300 nos. of Distributors and 80 Super Distributors.
Strengths:
- Availability of raw materials.
- Low wage labour availability.
- Good transportation system.
Objects of the Issue
- Funding the capital expenditure requirements.
- General Corporate Purposes
Company Financials
| Particulars | 31-March-22 | 31-June-21 | 31-Mar-20 |
| Total Assets | 3082.61 | 1144.49 | 435.88 |
| Total Revenue | 1183.42 | 2029.99 | 1374.55 |
| Profit After Tax | 55.39 | 51.13 | 34.29 |
Company Contact Information
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/
Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/
Lead Manager(s)
- Corporate CapitalVentures Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
