Let’s know the special things related to this IPO
The company’s shares are likely to be listed on the National Stock Exchange (NSE)’s SME platform on September 27.
should you subscribe or not
Brokerage firm Profitmart has issued a note saying, “We are positive about ASL for the long term as India’s snacks market can see a lot of growth in the next three-five years.”
Shankar Sharma’s investment company
Annapurna Delicious sells cakes, candies, namkeens, chips and snacks like Gohona Bori in eastern India under the brand name ‘Annapurana’. According to the company’s DRHP, marquee investor Shankar Sharma holds 1.03 percent stake or 1,25,000 equity shares in the company. Ritesh Shaw is one of the major promoters of the company, who holds 61.75 per cent stake. At the same time, Shriram Bagla holds 8.26 percent stake.
Key timelines related to this IPO
The allotment of Annapurna Delicious IPO is likely to be completed by September 22, 2022. The shares of the company can be credited in the demat account till September 26, 2022. The listing of this IPO can be done till 27 September 2022.