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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.
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Business Standard
02-05-2025
- Business
- Business Standard
Arunaya Organics IPO closing today; check subscription, GMP, listing date
Arunaya Organics IPO Day 3 update: The initial public offering (IPO) of Arunaya Organics which opened for subscription on Thursday, April 29, 2025, has received a muted response from investors so far. As of 2:02 PM on Friday, day 3 of subscription, the has been subscribed 1.89 times, according to data from the NSE SME platform. The three-day subscription window for the SME IPO will close today, May 2. The quota booked for retail investors was subscribed 3.28 times The portion reserved for non-institutional investors (NII) was booked 1.09 times and the qualified institutional buyers (QIBs) portion was subscribed 1.01 times. Arunaya Organics IPO details Arunaya Organics IPO is a fresh issue of 5.26 million equity shares to raise ₹33.99 crore and offer-for-sale (OFS) of 0.6 million equity shares by promoter Shivali Agrawal. According to the red herring prospectus (RHP), the basis of the allotment of shares is likely to be finalised on Monday, May 5, 2025. Shares of Arunaya Organics are scheduled to be listed on the NSE SME platform tentatively on Wednesday, May 7, 2025. The company has set the price band in the range of ₹55-58 per equity share. Retail investors require a minimum investment amount of ₹1,10,000 to subscribe for a minimum of one lot comprising 2,000 shares. High-net-worth individuals (HNIs) can bid for a minimum of two lots consisting of 4,000 shares with a minimum investment amount of ₹2,32,000. Bigshare Services serves as the registrar of the issue. Unistone Capital is the sole book-running lead manager. According to the RHP, the company aims to utilise ₹11,78 crore fresh issue proceeds to set up a new manufacturing unit at Dahej, Bharuch in Gujarat and ₹9 crore for meeting working capital requirements. The remaining funds will be used for general corporate purposes. About Arunaya Organics Incorporated in July 2010, Arunaya Organics is involved in the trading and manufacturing of various types of dyes and intermediaries. It offers a wide range of products including reactive, acid, direct, basic and solvent dyes, as well as dye intermediaries. The company caters to both domestic and international markets. Its manufacturing facility located in Ahmedabad, Gujarat has an annual capacity of 30 metric tonnes per annum. In fiscal year 2023-24 (FY24), the company reported revenue from operations of ₹62.23 crore, down 17.95 per cent from ₹75.85 crore in the previous financial year. Its profit after tax (PAT) grew 133.86 per cent Y-o-Y to ₹4.05 crore compared to ₹1.73 crore in the year-ago period.
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Business Standard
29-04-2025
- Business
- Business Standard
Arunaya Organics IPO opens; check price band, lot size, GMP, key dates
Arunaya Organics IPO opens for subscription: The initial public offering (IPO) of Arunaya Organics opens for public subscription today, April 29, 2025. At the upper end, the company seeks to raise ₹33.99 crore from the public offering, which comprises a fresh issue of 5.26 million equity shares and an offer for sale (OFS) with promoter Shivali Agrawal divesting of 0.6 million equity shares. Here are the key details of Arunaya Organics IPO: Arunaya Organics IPO price band, lot size The public offering is available at a price band of ₹55-58 per share, and the lot size is 2,000 shares. Investors can bid for a minimum of 2,000 shares and in multiples thereof. A retail investor would require a minimum of ₹1,16,000 to bid for one lot of 2,000 shares of Arunaya Organics IPO. Arunaya Organics IPO grey market premium (GMP) The unlisted shares of Arunaya Organics were trading flat at ₹58 apiece, according to sources tracking unofficial market activities. Thus, the grey market premium (GMP) for Arunaya Organics IPO remains nil as of Tuesday, April 29. Arunaya Organics IPO allotment date, listing date The three-day subscription window to bid for the Arunaya Organics IPO is set to conclude on May 2, 2025. Following the closing of the subscription window, the basis of allotment of the company's shares is likely to be finalized on May 5, 2025. Shares of Arunaya Organics are expected to list on the NSE SME platform tentatively on May 7, 2025. Arunaya Organics IPO registrar, lead manager Bigshare Services serves as the registrar of the issue, while Unistone Capital acts as the sole book-running lead manager. Arunaya Organics IPO objective In its Red Herring Prospectus (RHP), Arunaya Organics has stated that it will not receive any proceeds from the OFS. "The Promoter Selling Shareholder will be entitled to the proceeds from the sale of their respective portion of the Offered Shares in the Offer for Sale, net of their respective share of the offer-related expenses and relevant taxes thereon." The company proposes to utilise the proceeds from the fresh issue for setting 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 working capital requirements of the company. The proceeds will also be used for general corporate purposes. 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 Private Limited. The company supplies a comprehensive range of products, including reactive, acid, direct, basic, and solvent dyes, as well as dye intermediates. The company's production facility, located at C-8, GIDC Estate, Naroda, Ahmedabad, Gujarat, India, has an annual capacity of approximately 30 metric tons per annum.
