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HomeNewsBusinessIPOShri Ahimsa Naturals IPO subscribed 58.38 times, ATC Energies System issue booked 1.58x on final day

Shri Ahimsa Naturals IPO subscribed 58.38 times, ATC Energies System issue booked 1.58x on final day

Shri Ahimsa Naturals IPO and ATC Energies System IPO | Both companies will finalise their IPOs share allotment by March 28. Investors can start trading in their equity shares on the NSE Emerge next week, effective April 2.

March 27, 2025 / 19:11 IST
Shri Ahimsa Naturals IPO

Crude caffeine processing company Shri Ahimsa Naturals' initial public offering received an overwhelming response from investors, while the public issue of lithium-ion battery maker ATC Energies System sailed through on the final day of bidding, March 27.

Both SME companies will finalise their IPO share allotment by March 28, and investors can start trading in their allotted shares on the NSE Emerge platform next week, effective April 2.

Shri Ahimsa Naturals IPO

The public issue of Shri Ahimsa was subscribed 58.38 times, with investors buying 25.97 crore equity shares compared to the offer size of 44.48 lakh shares via 66,223 applications, NSE's subscription data showed.

The Jaipur-based company that extracts and manufactures caffeine anhydrous natural, green coffee bean extracts and crude caffeine, and also trades other herbal extracts, is raising Rs 73.81 crore via an initial share sale of 62.02 lakh shares. The price band for the offer - which opened on March 25 - is pegged at Rs 113-119 per share.

The IPO is a combination of fresh issuance of 42.03 lakh shares worth Rs 50.02 crore, and an offer-for-sale of 19.99 lakh shares worth Rs 23.79 crore by the existing shareholders - Nemi Chand Jain and Sumitra Jain (promoters). It has already mobilised Rs 20.88 crore by allotting 17.54 lakh shares to several institutional investors via anchor book on March 24.

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Shri Ahimsa Naturals will utilise Rs 35 crore out of fresh issue proceeds for setting up a manufacturing unit at Sawarda, Rajasthan by subsidiary Shri Ahimsa Healthcare, and the remainder funds for general corporate purposes.

ATC Energies System IPO

The public issue saw 1.58 times subscription during March 25-27, with investors picking 70.58 lakh shares against the offer size of 44.8 lakh shares via 4,025 applications.

With factories at Thane and Noida, the Mumbai-based company provides energy storage solutions for industries like banking, and automobiles, and agriculture, medical equipment, and oil & gas testing equipment. It entered capital markets to mobilise Rs 63.76 crore via IPO of 54.03 lakh shares at the upper end of the Rs 112-118 per share price band.

The IPO is a mix of fresh issue of 43.23 lakh shares worth Rs 51.02 crore, and an offer-for-sale of 10.8 lakh shares worth Rs 12.74 crore by promoter Sandeep Gangabishan Bajoria. Institutional investors via anchor book have already invested Rs 10.89 crore in the company against 9.22 lakh shares.

ATC Energies System intends to use Rs 9.5 crore out of the net fresh proceeds toward repayment of debt, Rs 6.7 crore for refurbishment, civil and upgradation works at the Noida factory, and Rs 7.47 crore for IT upgradation at the Noida and Vasai factories and the registered office. Further, Rs 9.5 crore for working capital requirements, and the remainder funds for general corporate purposes.

Indorient Financial Services is acted as a merchant banker for ATC Energies System IPO, and Srujan Alpha Capital Advisors LLP is the sole book running lead manager to Shri Ahimsa Naturals IPO.

Moneycontrol News
first published: Mar 27, 2025 04:16 pm

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