Shri Ahimsa Naturals

Book Building issueSME₹73.81 Cr issue
+17.65%
Listing gain over issue price
Issue size
₹73.81 Cr
1 lot at cut-off
₹1,42,800
Lot size
1,200shares
Open
25 Mar 2025
Close
27 Mar 2025
Allotment
28 Mar 2025
Listing
02 Apr 2025

Listing performance

Issue price
₹119
Listed at
₹140
Listing-day close
₹147
Latest price
₹398.20
Close on 23 Oct 2026
Listing gain
+17.65%
Return since issue
+234.62%

Scheduled dates

Tentative timetable — a past date is not confirmation the step completed

  1. Open
    25 Mar 2025
  2. Close
    27 Mar 2025
  3. Allotment
    28 Mar 2025
  4. Refund
    01 Apr 2025
  5. Demat credit
    01 Apr 2025
  6. Listing
    02 Apr 2025

Issue details

IPO date
25 Mar 2025 – 27 Mar 2025
Listing date
02 Apr 2025
Face value
₹10 per share
Issue price
₹119 per share
Lot size
1,200 shares
Issue type
Book Building issue
Total issue size
₹73.81 Cr
Market cap at offer price
₹278 Cr
Promoter holding
94.22% → 68.68% pre-issue → post-issue
ISIN
INE0DM401012
Registrar
Cameo Corporate Services Ltd.
Lead managers
Srujan Alpha Capital Advisors LLP
Registered office
E-94, RIICO Industrial Area, Bagru, Ext., Bagru, Rajasthan

Reservation and application size

How the issue is split between investor categories, and what each may bid

Investor categoryShares% of net% of total
Anchor investor · within QIB17,54,400——
Market maker 3,12,000——

Application size

Minimum 1,200 shares per lot, in multiples, at ₹119

ApplicationLotsSharesAmount
Retail (min)11,200₹1,42,800
S-HNI (min)22,400₹2,85,600
S-HNI (max)78,400₹9,99,600
B-HNI (min)89,600₹11,42,400

Category limits

CategoryBid sizeCut-off
Retail (RII)Up to ₹2 lakhYes
Small HNI (sNII)₹2 lakh – ₹10 lakhNo
Big HNI (bNII)Above ₹10 lakhNo
EmployeeUp to ₹5 lakhYes

Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.

Anchor investors

Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.

Shares allocated
17,54,400
Anchor portion
₹20.88 Cr
at ₹119 per share

Valuation and performance

Valuation at offer price

₹119 per share
MetricPre-issuePost-issue
EPS (₹)9.768.35
P/E (×)12.1914.25
Price to book (×)2.60—
Market cap—₹278 Cr

Key performance indicators

Latest reported period
Return on net worth
22.25%
ROCE
25.69%
Debt / equity
0.07
PAT margin
23.91%
NAV per share
₹45.79
Price to book
2.60

Single period as reported. Year-on-year movement is in the financials table below, where every period is published.

About Shri Ahimsa Naturals

Shri Ahimsa Naturals Limited, incorporated in 1990 and formerly known as Shri Ahimsa Mines and Minerals Limited, is engaged in the extraction and manufacturing of caffeine-based products and herbal extracts. The company primarily processes crude caffeine procured from decaffeination plants to manufacture Green Coffee Beans Extracts (GCE) and Caffeine Anhydrous Natural. Beginning in 2021, the company expanded its product portfolio to include various herbal extracts in response to customer demand. Since 2022, the company has manufactured crude caffeine from tea waste and coffee waste for both open market sales and captive consumption. The company operates from its manufacturing facility in Jaipur, Rajasthan, and exports to 14 countries globally. Revenue is primarily generated through export sales (direct exports, deemed exports, and third-party exports) with a smaller domestic sales component.

https://www.naturalcaffeine.co.in/ ↗

Company Analysis

from RHP

Shri Ahimsa Naturals Limited processes crude caffeine to manufacture Caffeine Anhydrous Natural, Green Coffee Bean Extracts, herbal extracts, and crude caffeine from tea and coffee waste for domestic and international markets.

Shri Ahimsa Naturals Limited, incorporated in 1990 and formerly known as Shri Ahimsa Mines and Minerals Limited, is engaged in the extraction and manufacturing of caffeine-based products and herbal extracts. The company primarily processes crude caffeine procured from decaffeination plants to manufacture Green Coffee Beans Extracts (GCE) and Caffeine Anhydrous Natural. Beginning in 2021, the company expanded its product portfolio to include various herbal extracts in response to customer demand. Since 2022, the company has manufactured crude caffeine from tea waste and coffee waste for both open market sales and captive consumption. The company operates from its manufacturing facility in Jaipur, Rajasthan, and exports to 14 countries globally. Revenue is primarily generated through export sales (direct exports, deemed exports, and third-party exports) with a smaller domestic sales component.

Caffeine extraction and manufacturingHerbal extractsGreen coffee bean processingChemical manufacturing

Objects of the Issue

  • Investment in Wholly-Owned Subsidiary, Shri Ahimsa Healthcare Private Limited for setting up a new manufacturing unit at Sawarda, Jaipur, Rajasthan
    ₹3,500 lakhs p.22
  • General corporate purposes
    [●] p.22
  • Investment in Wholly Owned Subsidiary, Shri Ahimsa Healthcare Private Limited for setting up a manufacturing unit (Proposed Project)
    p.49
  • General corporate purposes
    p.49
  • Investment in our Wholly-Owned Subsidiary, Shri Ahimsa Healthcare Private Limited (SAHPL) for setting up a manufacturing unit at Sawarda, Jaipur, Rajasthan
    ₹3,500 lakhs p.102
  • General corporate purposes
    [●] p.102
  • —
  • Investment in our Wholly-Owned Subsidiary, Shri Ahimsa Healthcare Private Limited (SAHPL) for setting up a manufacturing unit at Sawarda, Jaipur, Rajasthan
    ₹3,500 lakhs p.348
  • General Corporate Expenses
    p.348
  • Investment in our Wholly-Owned Subsidiary, Shri Ahimsa Healthcare Private Limited (SAHPL) for setting up a manufacturing unit at Sawarda, Jaipur, Rajasthan
    ₹3,500 lakhs p.406
  • General Corporate Expenses
    p.406
  • Investment in our Wholly-Owned Subsidiary, Shri Ahimsa Healthcare Private Limited (SAHPL) for setting up a manufacturing unit at Sawarda, Jaipur, Rajasthan (Proposed Project)
    ₹3,500 lakhs (out of Net Proceeds); Total Estimate Cost ₹6,068 lakhs p.418
  • General Corporate Expenses
    p.418

Issue Structure

Total Issue
62,02,800 Equity Shares aggregating up to ₹[●] lakhs
Fresh Issue
42,03,600 Equity Shares aggregating up to ₹[●] lakhs
Offer for Sale
19,99,200 Equity Shares aggregating up to ₹[●] lakhs (9,99,600 by Mr. Nemi Chand Jain and 9,99,600 by Mrs. Sumitra Jain)
Price Band
Floor Price ₹[●] per Equity Share and Cap Price ₹[●] per Equity Share
Lot Size
1,200 Equity Shares and in multiples of 1,200 thereafter
Face Value
₹10 per Equity Share

Business Model

The company generates revenue through the extraction, manufacturing, and sale of caffeine products and herbal extracts. Primary revenue streams include: (1) Direct and deemed exports of Caffeine Anhydrous Natural and Green Coffee Bean Extracts to international markets; (2) Domestic sales of its product portfolio; (3) Manufacturing and sale of crude caffeine derived from tea and coffee waste. The company processes crude caffeine sourced from third-party decaffeination plants as its primary raw material.

Business Segments

Extraction and manufacturing of caffeine anhydrous natural products from crude caffeine for domestic and export markets
Manufacturing and sale of green coffee bean extracts extracted from crude caffeine for export markets
Manufacturing and sale of various herbal extracts in response to customer demand
Manufacturing of crude caffeine from tea waste and coffee waste for both open market sales and captive consumption
A widely utilized stimulant believed to enhance mental and physical performance. It is a white, odourless alkaloid with bitter taste extracted from crude caffeine and purified to remove water content, resulting in a highly concentrated form.
Derived from unroasted coffee beans and known for its high content of chlorogenic acids with antioxidant properties. Unlike regular coffee, GCE contains less caffeine but higher levels of chlorogenic acids believed to aid in weight loss and lower blood pressure.
Unrefined caffeine extracted from natural sources, typically from plants such as coffee beans, tea leaves, or cocoa beans. A bitter white powder containing stimulant properties used in manufacturing pure caffeine for beverages, foods, and medicines. The company extracts crude caffeine from tea waste and coffee waste.
The company trades in herbal extracts including Senna Leaf P.E, Ashwagandha Extract, Turmeric Extract (Curcumin), Garcinia Cambogia P.E, and Bacopa Monnieri P.E. These are sourced domestically from various suppliers, undergo quality checks, labeling and packaging at the company's facility, and are then exported.
Extracted from seeds of various plants like coffee & tea leaves, manufactured through purification of crude caffeine. Installed capacity being expanded to 970 MTPA.
Chlorogenic acid extracted from green coffee beans through solvent extraction process. Installed capacity being expanded to 500 MTPA.
Extracted from coffee waste, tea waste, and green coffee beans. Used as raw material for production of Caffeine Anhydrous Natural. Dedicated capacity of 63 MTPA being added.
Manufacture and export of Caffeine Anhydrous Natural for use in food & beverage, nutraceuticals and pharmaceutical industries
Manufacture and export of Green Coffee Bean Extract for use in food & beverage, nutraceuticals and pharmaceutical industries
Trading of herbal products
Extraction and manufacturing of caffeine anhydrous natural from crude caffeine
Manufacturing of green coffee bean extract (GCE)
Processing and sale of crude caffeine
Trading of herbal extracts including Senna Leaf P.E, Ashwagandha Extract, Turmeric Extract Curcumin, Garcinia Cambogia P.E, Bacopa Monnieri P.E
Manufactured natural caffeine product
Manufactured green coffee bean extract product
Manufactured crude caffeine product
Traded herbal extracts including Senna Leaf P.E, Ashwagandha Extract, Turmeric Extract Curcumin, Garcinia Cambogia P.E, Bacopa Monnieri P.E
Manufactured product for nutraceutical, food & beverage, pharmaceutical and cosmetics applications
Manufactured product for nutraceutical, food & beverage, pharmaceutical and cosmetics applications
Manufactured product for nutraceutical, food & beverage, pharmaceutical and cosmetics applications
Traded products including Senna Leaf P.E, Ashwagandha Extract, Turmeric Extract Curcumin, Garcinia Cambogia P.E, Bacopa Monnieri P.E

SWOT Analysis

Strengths
  • • Strong promoter expertise and operational knowledge with good customer relationships(p.43)
  • • Experienced and stable senior management team with industry knowledge(p.43)
  • • No attrition of key managerial personnel in the last three years(p.43)
  • • Experienced promoters and management with long operating history(p.148)
  • • Technology-driven manufacturing with ISO certifications and R&D capabilities(p.148)
  • • Strong export focus with presence in 14 countries(p.142)
  • • Long-term customer relationships with high repeat order base(p.143)
  • • Quality manufacturing under international standards(p.143)
  • • Established supplier relationships for raw materials(p.143)
  • • Established long-term customer relationships spanning 30+ years(p.149)
  • • High revenue concentration from long-term customers demonstrates loyalty(p.149)
  • • Significant export presence across 14+ countries including developed markets(p.149)
  • • Strong supplier relationships with 79% of raw materials from long-term partners(p.149)
  • • Repeat business model and customer retention strategy(p.149)
  • • Quality manufacturing practices and R&D investment supporting growth(p.150)
  • • Established manufacturing expertise with ISO, HACCP, and GMP certifications(p.240)
  • • Export-focused business with established global supply chain(p.240)
  • • Long operational history since 1990 with experienced promoter leadership(p.240)
  • • State-of-the-art manufacturing facility with modern infrastructure(p.240)
  • • Strong profitability with consistent net profit margins above 18%(p.241)
  • • Established market presence in caffeine extraction and herbal extracts with 35 years of promoter experience(p.404)
  • • Diversified product portfolio serving multiple industries (nutraceuticals, food & beverages, pharmaceuticals, cosmetics)(p.404)
  • • Strong EBITDA margins and profitability(p.405)
  • • Significant export presence across multiple geographies (USA, Ireland, Germany, South Korea, UK, Thailand)(p.404)
  • • Established market presence with 35 years of industry experience in caffeine extraction and manufacturing(p.416)
  • • Diversified product portfolio across manufactured and traded herbal products(p.416)
  • • Strong profitability with healthy EBITDA and net profit margins(p.416)
  • • Global export presence across multiple countries including USA, Ireland, Germany, South Korea, UK, and Thailand(p.416)
Weaknesses
  • • Dependence on limited number of customers for revenue(p.31)
  • • Dependence on third-party suppliers for raw materials, particularly crude caffeine(p.32)
  • • Exposure to raw material price fluctuations without long-term supply agreements(p.34)
  • • Loss of key corporate records affecting governance and audit trail(p.34)
  • • Past non-compliance with financial covenants on financing facility(p.34)
  • • Non-compliance with labour law filing requirements(p.38)
  • • Negative cash flows experienced in past periods(p.39)
  • • Promoters have provided personal guarantees for company loans(p.39)
  • • Unsecured loans repayable on demand creating cash flow vulnerability(p.45)
  • • Secured debt creates asset encumbrance risk(p.45)
  • • History of delayed and incorrect regulatory filings with RoC(p.45)
  • • Lack of formal technical support agreements for equipment maintenance(p.51)
  • • Board lacks listed company experience(p.50)
  • • Unregistered trademark creating intellectual property vulnerability(p.50)
  • • High revenue concentration in single product (Caffeine Anhydrous)(p.145)
  • • Significant revenue decline from FY2023 to FY2024(p.147)
  • • Dependence on few major customers(p.143)
  • • Limited domestic market presence with 86.72% export dependence(p.143)
  • • Wholly-owned subsidiary with limited operating history(p.104)
  • • Extreme customer concentration with top customer representing 34.73% of sales(p.155)
  • • High supplier concentration with top supplier accounting for 44.56% of purchases(p.155)
  • • Significant decline in capacity utilization to 46.67% in H1 FY25(p.157)
  • • Low production output (63 MTPA vs 270 MTPA installed capacity)(p.157)
  • • Audit qualifications on land purchases and insurance claims(p.202)
  • • No long-term contractual relationships with logistics providers(p.158)
  • • Heavy dependence on a small customer base for revenue(p.242)
  • • Geographic concentration of manufacturing facilities(p.242)
  • • Critical dependence on a few suppliers for raw materials(p.242)
  • • Audit qualifications in statutory auditor reports(p.242)
  • • Company name not uniformly reflecting business operations(p.265)
  • • Significant litigation involving promoters(p.256)
  • • Qualified auditor findings in financial statements(p.349)
  • • High customer concentration risk(p.349)
  • • Dependence on third-party raw material suppliers(p.349)
  • • Promoter group consent issues(p.349)
  • • Raw material price volatility exposure(p.349)
  • • Missing secretarial records(p.349)
  • • Past financial covenant non-compliance(p.349)
  • • Extreme revenue and profit volatility with significant decline from FY2023 to H1FY2025(p.405)
  • • Heavy dependence on single customer representing 34.73% of H1FY2025 revenues and 65.95% of FY2024 revenues(p.405)
  • • Dependence on third-party suppliers with no long-term supply agreements for critical raw materials(p.407)
  • • Past non-compliance with financial covenants of financing facilities(p.407)
  • • Audit qualifications in statutory auditor reports across multiple years(p.407)
  • • Missing secretarial records documentation(p.407)
  • • Incomplete promoter group documentation with missing consent from some immediate relatives(p.407)
  • • Significant customer concentration risk with single largest customer accounting for over one-third of revenues(p.419)
  • • Heavy reliance on a few customers with top 10 customers generating 74-94% of revenues(p.417)
  • • Auditor qualifications in financial statements across multiple reporting periods(p.419)
  • • Promoter group consent and documentation issues affecting regulatory compliance(p.419)
  • • Non-compliance with financial covenants in past financing facilities(p.419)
Opportunities
  • • Investment in wholly owned subsidiary for manufacturing expansion(p.49)
  • • Expansion of operations into new markets and customer segments(p.43)
  • • Expansion through new manufacturing facility for capacity growth(p.104)
  • • Growing global caffeine market with strong CAGR(p.131)
  • • Expansion of trading product portfolio with herbal extracts(p.144)
  • • Growing nutraceuticals market in India(p.137)
  • • Growing green coffee bean extract market(p.133)
  • • Increasing consumer preference for natural and organic products(p.131)
  • • Planned capacity expansion by 700+ MTPA for Caffeine Anhydrous Natural(p.150)
  • • Expansion into new geographic markets and increased penetration in existing ones(p.150)
  • • Planned increase in crude caffeine extraction from tea and coffee waste(p.150)
  • • Strategy to expand supplier base and reduce dependency(p.151)
  • • Growth through increased sales volume and market share capture(p.151)
  • • Wholly-owned subsidiary enabling expanded manufacturing capacity(p.150)
  • • Expansion into emerging markets and new geographic regions(p.240)
  • • Growing demand for natural extracts in food, beverage, and pharmaceutical industries(p.240)
  • • Increasing international quality certifications providing competitive advantage(p.267)
  • • Potential for capacity expansion and new product development(p.229)
  • • Investment in subsidiary healthcare manufacturing unit(p.347)
  • • Expansion into new geographies(p.346)
  • • Expansion through wholly-owned subsidiary manufacturing facility in healthcare segment(p.407)
  • • Growing global demand for natural caffeine and herbal extracts in nutraceuticals and food industries(p.405)
  • • Capacity to increase domestic market penetration beyond current limited geography focus(p.405)
  • • Expansion through wholly-owned subsidiary with planned manufacturing facility investment(p.418)
  • • Growing markets in nutraceuticals, food & beverages, pharmaceuticals and cosmetics industries(p.416)
Threats
  • • Risk of project delays and cost overruns in proposed manufacturing facility expansion(p.29)
  • • Foreign exchange rate fluctuations impacting import costs and export revenues(p.36)
  • • Dependence on manufacturing facility vulnerable to disruptions(p.36)
  • • Concentration of manufacturing operations in single location (Rajasthan)(p.37)
  • • Dependence on third-party transportation providers for supply chain(p.37)
  • • Restrictions on imports could adversely impact raw material supply(p.32)
  • • Export Oriented Unit compliance requirements could result in penalties(p.36)
  • • Litigation involving promoters and directors(p.39)
  • • GST compliance delays exposing company to regulatory penalties(p.41)
  • • Dependence on few customers without long-term commitments(p.44)
  • • Customers may cancel or change production requirements adversely affecting financials(p.44)
  • • Inability to accurately forecast demand leading to inventory risk(p.44)
  • • Majority of raw material imported exposing to global economic conditions(p.52)
  • • Global economic and geopolitical disruptions affecting business(p.52)
  • • Indian economic slowdowns and regulatory uncertainties(p.52)
  • • Inflation in India increasing operational expenses(p.54)
  • • Natural disasters and pandemics threatening operations(p.54)
  • • Potential product quality failures and liability claims(p.44)
  • • Regulatory risks from health concerns about caffeine consumption(p.141)
  • • Increasing awareness of health risks limiting caffeine consumption(p.141)
  • • Volatile raw material prices affecting production costs(p.141)
  • • Intense competition from new market entrants(p.141)
  • • Supply chain disruption risks affecting operations(p.141)
  • • China's monopoly on synthetic caffeine production(p.132)
  • • Exposure to FX and commodity price volatility(p.103)
  • • Declining export revenue from ₹9,988.01 lakhs (FY22) to ₹3,530.91 lakhs (H1 FY25)(p.149)
  • • Significant competition primarily from international manufacturers(p.158)
  • • Industry presents high entry barriers requiring customer validation and process innovation(p.158)
  • • Heavy reliance on imported raw materials (100% imported in H1 FY25)(p.158)
  • • Raw material costs represent 42.63% of net revenue operations(p.158)
  • • Exposure to regulatory compliance requirements including food safety standards(p.167)
  • • Foreign exchange rate volatility affecting export profitability(p.242)
  • • Commodity price volatility in raw material costs(p.246)
  • • Global competition in herbal extracts and natural caffeine markets(p.253)
  • • Potential talent retention challenges in senior management(p.242)
  • • Regulatory compliance risks and licensing renewal requirements(p.263)
  • • Pending litigation and legal disputes involving promoters and company(p.256)
  • • Project implementation delays and cost overruns(p.349)
  • • Equipment and machinery supply chain risks(p.349)
  • • Historical legal proceedings against promoters(p.349)
  • • Director involvement in regulatory investigations(p.349)
  • • Raw material price volatility, particularly for Crude Caffeine, with no hedging mechanisms(p.407)
  • • Implementation risks for Proposed Project including delays, cost overruns, and regulatory approvals(p.407)
  • • Competitive pressure and market cyclicality in caffeine and herbal extracts sectors(p.405)
  • • Regulatory and compliance risks related to government approvals and licenses for expanded operations(p.407)
  • • Equipment procurement delays from vendors affecting project timelines(p.407)
  • • Pending criminal litigation involving promoters affecting brand reputation(p.407)
  • • Risk of delays and cost overruns in implementing expansion project and obtaining regulatory approvals(p.419)
  • • Dependence on third-party suppliers for raw materials with no long-term supply agreements(p.419)
  • • Exposure to raw material price volatility, particularly Crude Caffeine, with no hedging arrangements(p.419)
  • • Project implementation delays due to equipment and machinery supply chain issues(p.419)

Promoters

NameRolePre-IssuePost-Issue
Mr. Nemi Chand JainPromoter Selling Shareholder38.72%—
Mrs. Sumitra JainPromoter Selling Shareholder13.61%—
Mr. Amit Kumar JainPromoter20.40%—
Mr. Sumit JainPromoter2.29%—
Mrs. Prerna JainPromoter2.97%—
M/s Ahimsa Holdings Private LimitedPromoter8.09%—
M/s Bimneer Investments Private LimitedPromoter6.41%—
Mr. Nemi Chand JainPromoter & Chairman & Managing Director38.72%—
Mrs. Sumitra JainPromoter Selling Shareholder13.61%—
Mr. Amit Kumar JainPromoter & Whole-Time Director20.40%—
Nemi Chand JainPromoter4.29%[●]
Sumitra JainPromoter4.29%[●]
Amit Kumar JainPromoter2.86%[●]
M/s. Ahimsa Holdings Private LimitedPromoter Group4.29%[●]
M/s. Bimneer Investments Private LimitedPromoter Group4.29%[●]
Mr. Nemi Chand JainPromoter38.72%—
Mrs. Sumitra JainPromoter13.61%—
Mr. Amit Kumar JainPromoter20.40%—
Mr. Sumit JainPromoter2.29%—
Mrs. Prerna JainPromoter2.97%—
M/s Ahimsa Holdings Private LimitedPromoter Group8.09%—
M/s Bimneer Investments Private LimitedPromoter Group6.41%—
Shri Nemi Chand JainPromoter38.72%—
Shri Amit Kumar JainPromoter20.40%—
Smt. Sumitra Devi JainPromoter13.61%—
M/s Ahimsa Holdings Private LimitedPromoter Group8.09%—
M/s Bimneer Investments Private LimitedPromoter Group6.41%—
Smt. Prerna JainPromoter2.97%—
Shri Sumit JainPromoter2.29%—
Mr. Nemi Chand JainPromoter74,05,300 equity shares—
Mrs. Sumitra JainPromoter26,04,000 equity shares—
Mr. Nemi Chand JainPromoter Selling Shareholder——
Mrs. Sumitra JainPromoter Selling Shareholder——
Mr. Nemi Chand JainPromoter——
Mrs. Sumitra JainPromoter——
M/s Ahimsa Holdings Private LimitedPromoter Group——
M/s Bimneer Investments Private LimitedPromoter Group——
Mr. Nemi Chand JainPromoter——
Mrs. Sumitra JainPromoter——
Mr. Amit Kumar JainPromoter——
Mr. Sumit JainPromoter——
Mrs. Prerna JainPromoter——
M/s Ahimsa Holdings Private LimitedPromoter Group——
M/s Bimneer Investments Private LimitedPromoter Group——
Mr. Nemi Chand JainPromoter Selling Shareholder——
Mrs. Sumitra JainPromoter Selling Shareholder——

Leadership

Mr. Nemi Chand Jain · Managing Director
Mr. Amit Kumar Jain · Chief Financial Officer
Ms. Aayushi Jain · Company Secretary and Compliance Officer

Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.

Shri Ahimsa Naturals IPO FAQs

What is the lot size of Shri Ahimsa Naturals IPO?
The minimum lot size of Shri Ahimsa Naturals IPO is 1,200 shares. One lot costs ₹1,42,800 at the cut-off price.
When does Shri Ahimsa Naturals IPO open and close?
Shri Ahimsa Naturals IPO opened for subscription on 25 Mar 2025 and closed on 27 Mar 2025.
What is the listing date of Shri Ahimsa Naturals IPO?
Shri Ahimsa Naturals IPO listed on 02 Apr 2025.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey Market Premium is unofficial, indicative data from unregulated grey-market dealers — it is not published by NSE, BSE, SEBI or the issuer, and is not a forecast of the listing price. Nothing here is investment advice or a recommendation; read the offer document and consult a SEBI-registered adviser before applying.