Shri Ahimsa Naturals, known for producing caffeine anhydrous, green coffee bean extracts, and crude caffeine, garnered significant attention from IPO investors with an impressive listing. Shares, issued at ₹119, debuted at ₹140 on the NSE’s SME platform, marking a premium of 17.65%.
Due to strong buying support, they quickly surged to the upper circuit level of ₹147, yielding a 23.53% profit for investors on the first trading day. The IPO, valued at ₹73.81 crores, was open for subscription from March 25 to 27 and drew a remarkable response, oversubscribing by 62.71 times. The Qualified Institutional Buyers (QIB) segment saw a subscription of 21.23 times, while Non-Institutional Investors (NII) were oversubscribed 182.82 times and retail investors 35.20 times.
The IPO included new shares worth ₹50.02 crores and 1,999,200 shares sold via an offer-for-sale. Proceeds will be used for a manufacturing unit in Sawarda, Jaipur, alongside working capital and general corporate needs. Financially, the company exhibited fluctuations, reporting net profits of ₹11.02 crores in 2021-22, rising to ₹38.21 crores in 2022-23, but falling to ₹18.67 crores in 2023-24, with H1 2024-25 profit at ₹9.74 crores and revenue of ₹41.37 crores during that period.
