Annapurna Swadisht Limited IPO 2022

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 IPO 2022
Annapurna Swadisht Limited IPO 2022

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.
  • Brand image.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-20435.881374.5534.2982.67
31-Mar-211144.492029.9951.13231.21
31-Mar-225902.566104.66240.9755.39
Amount in ₹ Lakhs

Objects of the Issue

The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:

1) Funding the capital expenditure requirements.

2) General Corporate Expenses.

Annapurna Swadisht IPO Details

Annapurna Swadisht IPO DateSep 15, 2022 to Sep 19, 2022
Annapurna Swadisht IPO Face Value₹10 per share
Annapurna Swadisht IPO Price[.] per share
Annapurna Swadisht IPO Lot Size2000 Shares
Issue Size4,322,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Fresh Issue4,322,000 shares of ₹10
(aggregating up to ₹0.00 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
QIB Shares OfferedNot more than 50% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Offer
Company PromotersRitesh Shaw and Shreeram Bagla are the company promoters.

Company Contact Information

Annapurna Swadisht Limited
90, Phears Lane,
Unit No. 604, 6th floor,
Kolkata- 700012
Phone: + 91 33 46032805
Email: cs@annapurnasnacks.in
Websitehttp://www.annapurnasnacks.in/

Annapurna Swadisht IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/

Annapurna Swadisht IPO FAQs

What is Annapurna Swadisht IPO?

Annapurna Swadisht IPO is a SME IPO of 4,322,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at [.] per share. The minimum order quantity is 2000 Shares.

How to apply in Annapurna Swadisht IPO through Zerodha?

Zerodha customers can apply online in Annapurna Swadisht IPO using UPI as a payment gateway. Zerodha customers can apply in Annapurna Swadisht IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Annapurna Swadisht IPO through Zerodha
Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Annapurna Swadisht IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
‘Submit’ IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.

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