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.
- Brand image.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 435.88 | 1374.55 | 34.29 |
| 31-Mar-21 | 1144.49 | 2029.99 | 51.13 |
| 11-Feb-22 | 2819.95 | 4922.04 | 185.51 |
| 31-Mar-22 | 3082.61 | 1183.42 | 55.39 |
| 30-Jun-22 | 5028.45 | 2905.63 | 130.93 |
| 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 Date | Sep 15, 2022 to Sep 19, 2022 | |
| Annapurna Swadisht IPO Face Value | ₹10 per share | |
| Annapurna Swadisht IPO Price |
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| Annapurna Swadisht IPO Lot Size | 2000 Shares | |
| Issue Size | 4,322,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
|
| Fresh Issue | 4,322,000 shares of ₹10 (aggregating up to ₹0.00 Cr) |
|
| Issue Type | Book Built Issue IPO | |
| Listing At | NSE SME | |
| QIB Shares Offered | Not more than 50% of the Net Offer | |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue | |
| Retail Shares Offered | Not less than 35% of the Net Offer | |
| Company Promoters | Ritesh Shaw and Shreeram Bagla are the company promoters. |
Annapurna Swadisht IPO Timeline
Annapurna Swadisht IPO opens on Sep 15, 2022, and closes on Sep 19, 2022. The Annapurna Swadisht IPO bid date is from Sep 15, 2022 10.00 A.M. to Sep 19, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Annapurna Swadisht IPO Opening Date | Sep 15, 2022 |
| Annapurna Swadisht IPO Closing Date | Sep 19, 2022 |
| Basis of Allotment | Sep 22, 2022 |
| Initiation of Refunds | Sep 23, 2022 |
| Credit of Shares to Demat | Sep 26, 2022 |
| Annapurna Swadisht IPO Listing Date | Sep 27, 2022 |
Annapurna Swadisht IPO Promoter Holding
| Pre Issue Share Holding | 70.37% |
| Post Issue Share Holding | 51.85% |
Annapurna Swadisht IPO Prospectus
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/
Annapurna Swadisht IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/