The preliminary public providing (IPO) of Arunaya Organics Ltd. was subscribed 75% on the primary day of bidding on Tuesday. The speciality dyes and intermediates producer launched the IPO on April 29 to boost Rs 33.99 crore from the first market.
Traders wanting ahead to taking part within the IPO subscription can verify the important thing particulars in regards to the NSE SME concern as bidding resumes on Day 2.
Arunaya Organics IPO: All You Want To Know
The Arunaya Organics IPO is a book-building concern price Rs 33.99 crore. It includes a contemporary concern of 52.6 lakh shares, amounting to Rs 30.51 crore, and an offer-for-sale of 6 lakh shares, aimed toward elevating Rs 3.48 crore.
The value band for the IPO has been set between Rs 55 to Rs 58 per share. Retail traders can make investments with a minimal lot measurement of two,000 shares, requiring a minimal funding of Rs 1,16,000. Excessive Web Value People (HNI) can apply for at the very least two tons, or 4,000 shares, aggregating to a minimal funding of Rs 2,32,000.
Unistone Capital Pvt. is the book-running lead supervisor of the Arunaya Organics IPO. Bigshare Companies Pvt. is the registrar and RK Inventory Holding Pvt. is the market maker for the problem.
Arunaya Organics IPO Vital Dates
The subscription window for the IPO is open from April 29 to Might 2. The allotment of shares is predicted to be finalised on Might 5. Shares will likely be credited to the Demat account of profitable bidders on Might 6 and refunds will even happen on the identical day for non-allottees.
The shares are tentatively scheduled to be listed on the NSE SME platform on Might 7.
Arunaya Organics IPO Subscription Standing: Day 2
The Arunaya Organics IPO has been subscribed 0.94 instances, or 94%, by 12:00 p.m. on Wednesday, April 30.
-
Certified Institutional Patrons: 0.97 instances
-
Non-Institutional Traders: 0.21 instances
-
Retail Traders: 1.65 instances
The subscription standing will likely be up to date at common intervals.
Arunaya Organics IPO GMP Right now
As per InvestorGain, the gray market premium for the IPO stood at Rs 0 as of 11:02 a.m. on April 30. It signifies a flat itemizing for the IPO. Nonetheless, new developments might emerge because the subscription window involves a detailed.
Word: GMP just isn’t an official supply of knowledge and relies on hypothesis.
About Arunaya Organics
The corporate is within the enterprise of producing and exporting acid dyes and intermediates. It caters to industries similar to textiles, mining, paints and plastics.
Use of IPO Proceeds
The corporate will utilise the proceeds from the IPO to arrange a brand new manufacturing facility in Gujarat, funding its working capital necessities and normal company functions.
Financials
In FY24, the corporate reported a 134.68% year-on-year improve in revenue after tax to Rs 4.06 crore from Rs 1.73 crore in FY23. Its income from operations declined 17.96% year-on-year to Rs 62.23 crore in FY24 from Rs 75.85 crore in FY23. For the interval ended Dec. 31, 2024, its revenue after tax stood at Rs 3.6 crore.
Disclaimer: Investments in preliminary public choices are topic to market dangers. Please seek the advice of with monetary advisors and skim pink herring prospectus completely earlier than inserting bids.
. Learn extra on IPOs by Newsstate24 Revenue.
