The IPO proceeds will be used to set up a new manufacturing facility, fund working capital needs, and for general corporate purposes.
IPO pricing and investment details
Investors can bid for the IPO at a price band of Rs 55 to Rs 58 per share. Retail investors can bid for a minimum of 2000 shares, which translates to a minimum investment of Rs 1.16 lakh. For high-net-worth individuals (HNIs), the minimum investment requirement is 2 lots, or Rs 2.32 lakh.
Key dates and timeline
The Arunaya Organics IPO will open for subscription on April 29 and close on May 2. Allotment details are expected to be finalized on May 5. The tentative listing date for the company on the NSE SME platform is set for May 7.
Issue structure
In the IPO, about 40% each is reserved for retail investors and non-institutional investors, and the remaining 20% is allocated for qualified institutional buyers (QIBs).
About Arunaya Organics
Arunaya Organics specializes in manufacturing and exporting specialty dyes and intermediates. With an annual production capacity of 30 metric tons, the company has built a strong reputation for providing high-quality chemical products for industries such as textiles, paints, plastics, mining, and food processing.
Financial Overview
For the fiscal year ending March 2024, Arunaya Organics posted a revenue of Rs 62.79 crore and a profit after tax (PAT) of Rs 4.06 crore.
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