Latest news with #ArunayaOrganics
Business Standard
07-05-2025
- Business
- Business Standard
NSE SME Arunaya Organics market entry lacks sparkle
Shares of Arunaya Organics was trading at Rs 31.60 on the NSE, a discount of 45.52% compared with the issue price of Rs 58. The scrip was listed at 30.10, a discount of 48.10% over the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 31.60 and a low of Rs 29.05. About 11.08 lakh shares of the company changed hands at the counter. Arunaya Organics' was subscribed 2.45 times. The issue opened for bidding on 29 April 2025 and it closed on 2 May 2025. The price band of the IPO was set at Rs 55 to Rs 58 per share. The IPO comprised fresh issue of 52,60,000 equity shares and offer for sale of upto 6,00,000 equity shares. The company intends to utilize the net proceeds for setting up of a new manufacturing facility located at Dahej, Bharuch, Gujarat; funding working capital requirements of the company; and general corporate purposes. Arunaya Organics is engaged in the trading and manufacturing of a wide range of dyes and dye intermediates. A significant portion of its finished product manufacturing is outsourced to its group company, Chinmay Chemicals. The company's product portfolio includes reactive, acid, direct, basic, and solvent dyes, along with various dye intermediates. These are offered in multiple forms such as standardized spray-dried and tray-dried powders, granules, crude, reverse osmosis-treated products, and salt-free variants. Arunaya Organics also supplies specialty performance chemicals designed for applications in the paper industry and textile dyeing. Its operations serve both domestic and international markets. As of 28 February 2025, the company had 30 employees. The company recorded revenue from operations of Rs 57.81 crore and net profit of Rs 3.60 crore for the period ended 31 December 2024.
Mint
07-05-2025
- Business
- Mint
Arunaya Organics share price makes a weak debut, stock opens with 48.10% discount at ₹30.10 apiece on NSE SME
Arunaya Organics share price made a weak debut on NSE SME today amid Indo-Pak conflict. Arunaya Organics share price today opened at ₹ 30.10 which is 48.10% lower than the issue price of ₹ 58. The initial public offering (IPO) of Arunaya Organics had a subscription period that ran from Tuesday, April 29 until Friday, May 2. With a face value of ₹ 10, shares in the Arunaya Organics IPO are priced at ₹ 58. At least 2,000 of those shares are up for bid, and there are multiples of those shares available. Arunaya Organics IPO subscription status was 2.53 times on the last day of bidding, as per Founded in 2010, Arunaya Organics Limited specializes in the production and export of specialty dyes and intermediates. The company has earned a solid reputation for providing high-quality chemical products to numerous sectors, including textiles, paints, plastics, mining, and food processing. Their product offerings consist of various forms such as standardized spray-dried and tray-dried powders, granules, raw materials, reverse osmosis-treated items, and salt-free alternatives. As stated in the red herring prospectus (RHP), the company's listed peers with similar profiles include Vipul Organics Limited, which has a P/E ratio of 72.94, Mahickra Chemicals Limited with a P/E ratio of 81.43, and Ducol Organics & Colours Ltd, which has a P/E ratio of 34.96. Arunaya Organics IPO consists of a fresh issue of 52,60,000 equity shares, aggregating to ₹ 30.51 crore, and an offer-for-sale (OFS) of 3.48 crore equity shares by the promoters selling shareholder. The Arunaya Organics IPO intends to use the net proceeds from the offering for several purposes, including establishing a new manufacturing facility in Gujarat, meeting the company's working capital needs, and pursuing general corporate objectives. Unistone Capital Pvt Ltd serves as the lead manager for the Arunaya Organics IPO, while Bigshare Services Pvt Ltd acts as the registrar for the offering. R.K. Stock Holding Private Limited is the market maker associated with the Arunaya Organics IPO. Arunaya Organics IPO GMP or grey market premium was ₹ 0, which meant shares were trading at their issue price of ₹ 58 with no premium or discount in the grey market according to 'Grey market premium' indicates investors' readiness to pay more than the issue price.
Mint
07-05-2025
- Business
- Mint
Arunaya Organics share price makes a weak debut, stock opens with 48.10% discount at ₹30.10 apiece on NSE SME
Arunaya Organics share price made a weak debut on NSE SME today amid Indo-Pak conflict. Arunaya Organics share price today opened at ₹ 30.10 which is 48.10% lower than the issue price of ₹ 58. The initial public offering (IPO) of Arunaya Organics had a subscription period that ran from Tuesday, April 29 until Friday, May 2. With a face value of ₹ 10, shares in the Arunaya Organics IPO are priced at ₹ 58. At least 2,000 of those shares are up for bid, and there are multiples of those shares available. Arunaya Organics IPO subscription status was 2.53 times on the last day of bidding, as per Founded in 2010, Arunaya Organics Limited specializes in the production and export of specialty dyes and intermediates. The company has earned a solid reputation for providing high-quality chemical products to numerous sectors, including textiles, paints, plastics, mining, and food processing. Their product offerings consist of various forms such as standardized spray-dried and tray-dried powders, granules, raw materials, reverse osmosis-treated items, and salt-free alternatives. As stated in the red herring prospectus (RHP), the company's listed peers with similar profiles include Vipul Organics Limited, which has a P/E ratio of 72.94, Mahickra Chemicals Limited with a P/E ratio of 81.43, and Ducol Organics & Colours Ltd, which has a P/E ratio of 34.96. Arunaya Organics IPO consists of a fresh issue of 52,60,000 equity shares, aggregating to ₹ 30.51 crore, and an offer-for-sale (OFS) of 3.48 crore equity shares by the promoters selling shareholder. The Arunaya Organics IPO intends to use the net proceeds from the offering for several purposes, including establishing a new manufacturing facility in Gujarat, meeting the company's working capital needs, and pursuing general corporate objectives. Unistone Capital Pvt Ltd serves as the lead manager for the Arunaya Organics IPO, while Bigshare Services Pvt Ltd acts as the registrar for the offering. R.K. Stock Holding Private Limited is the market maker associated with the Arunaya Organics IPO. Arunaya Organics IPO GMP or grey market premium was ₹ 0, which meant shares were trading at their issue price of ₹ 58 with no premium or discount in the grey market according to 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Mint
05-05-2025
- Business
- Mint
Arunaya Organics IPO allotment in focus today; check latest GMP, 4 steps to check status
Arunaya Organics IPO allotment date today: Arunaya Organics IPO share allotment will be finalised today (Monday, May 5). The investors who applied for the issue can check the Arunaya Organics IPO allotment status on the registrar's portal, which is Bigshare Services Pvt Ltd. Arunaya Organics IPO subscription status on the last day of bidding was 2.53 times, as per The subscription period for the initial public offering, Arunaya Organics Ltd, opened on Tuesday, 29 and ended on Friday, May 2. Investors can check the allocation details to determine how many shares have been assigned to them, if any. The IPO allocation status will show the number of shares that have been allocated. Applicants who do not receive shares will initiate the return process. The allocated shares will be credited to their demat accounts. Individuals who received shares will have their demat accounts credited on Tuesday, May 6. The refund procedure will also begin on Tuesday. Arunaya Organics IPO listing date is fixed for Wednesday, May 7 on NSE SME. To enter your login information, go to the Bigshare URL, Check the IPO allocation for Arunaya Organics. Choose "Arunaya Organics" from the available options. Select either "PAN Number, Beneficiary ID, or Application No./CAF No." Just click on "Search." You can confirm this on your computer or mobile device. To create an account, select the 'Click here to sign up' option and enter your PAN on the NSE site. Input your username, password, and captcha code. On the next page, check the status of your IPO allocation. Arunaya Organics IPO GMP today or grey market premium was ₹ 0, which meant shares were trading at their issue price of ₹ 58 with no premium or discount in the grey market according to 'Grey market premium' indicates investors' readiness to pay more than the issue price.
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Business Standard
05-05-2025
- Business
- Business Standard
Arunaya Organics IPO allotment today; check status, GMP, likely listing
Arunaya Organics IPO allotment status: The basis of allotment of shares for Arunaya Organics is expected to be finalised today, Monday, May 5, 2025. The initial public offering (IPO) of Arunaya Organics, which closed its three-day subscription window on Friday, May 2, received a muted response from investors, with the offering being oversubscribed by nearly 2.53 times. Once the allotment of Arunaya Organics IPO shares is finalised, investors can check their status on the official websites of the NSE and Bigshare Services, the registrar for the IPO. Alternatively, investors can follow these direct links to check the Arunaya Organics IPO allotment status online: Check Arunaya Organics IPO allotment status on NSE: Check Arunaya Organics IPO allotment status on Bigshare Services: Arunaya Organics IPO details The SME offering, valued at around ₹33.99 crore, comprises a fresh issue of 5.26 million equity shares and an offer for sale (OFS), with promoter Shivali Agrawal divesting 0.6 million equity shares. The public issue was open for subscription from Tuesday, April 29, 2025, to Friday, May 2, 2025. It was available at a price band of ₹55-58 per share, with a lot size of 2,000 shares. Arunaya Organics will not receive any proceeds from the OFS; these will go to the promoter selling shares. The company plans to utilize the proceeds from the fresh issue to set up a new manufacturing facility located at D-3/26/3, Dahej III, Industrial Estate, Dahej-392130, Vagra, Bharuch, Gujarat (Proposed Greenfield Project), and for funding the company's working capital requirements. The proceeds will also be used for general corporate purposes. Arunaya Organics IPO grey market premium (GMP), listing date The unlisted shares of Arunaya Organics were trading flat at ₹58 apiece, according to sources tracking unofficial market activities. Therefore, the grey market premium (GMP) for the Arunaya Organics IPO remains nil as of Monday, May 5. Shares of Arunaya Organics are expected to debut on the NSE SME platform tentatively on Wednesday, May 6, 2025. The current GMP trend indicates a flat listing of the company's shares. However, it is important to note that GMP is an unregulated market indicator and should not be relied upon for determining the company's market performance. About Arunaya Organics Arunaya Organics is engaged in the trading and manufacturing of different types of dyes and their intermediates. A significant portion of the company's revenue is generated from outsourcing its key function, i.e., the manufacturing of finished products, to its group company, Chinmay Chemicals. The company supplies a comprehensive range of products, including reactive, acid, direct, basic, and solvent dyes, as well as dye intermediates. Arunaya Organics' production facility, located at C-8, GIDC Estate, Naroda, Ahmedabad, Gujarat, India, has an annual capacity of approximately 30 metric tons per annum.
