Annapurna Swadisht IPO Price Band: Annapurna Swadisht Ltd IPO: IPO of this company invested by Shankar Sharma is open, you should subscribe or not, know

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New Delhi: On Thursday, another IPO opened for subscription amidst great response to Harsh Engineers IPO. This is the initial public offer of Annapurna Delicious Limited (ASL), open for subscription on Thursday (September 15, 2022). Those willing to bet on this IPO can subscribe to this issue till 19 September 2022 (Monday).

Let’s know the special things related to this IPO

Annapurna Delicious Limited has fixed a price band of Rs 68-70 for this IPO (Annapurna Swadisht Ltd IPO Price Band). Along with this, the company has fixed a lot size of 2000 shares for this IPO. By 11:30 am on the first day fixed for subscription, this IPO had received a total subscription of 0.73 times. Earlier, the company raised Rs 8.6 crore from anchor investors. The company is offering 43.22 lakh equity shares through book building issue.

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.

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