Arunaya Organics IPO was subscribed 2.53 times on the last day, a retail quota was subscribed over 1.01 times, NII was subscribed over 1.49 times, and QIB was 1.01 times, respectively.
Details About Arunaya Organics IPO
Arunaya Organics got approval from SEBI for an IPO of around ₹33.99 crores. Arunaya Organics IPO consists of fresh issues of ₹30.51 crores and an Offer-for-sale up to 6,00,000 equity shares with a face value of ₹10 each. Further, Arunaya Organics had a set price band of ₹55 to ₹58 Per Share.
In the Arunaya Organics IPO, 2000 shares were in 1 lot size for the retail minimum and maximum categories as well. Moreover, 4000 shares were in 2 lot sizes for the S-HNI category.
To invest in Arunaya Organics IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,16,000.
- SHNI (S-HNI): Minimum investment of ₹2,32,000.
Arunaya Organics IPO’s Subscription Duration
The opening date of Arunaya Organics IPO was on April 29, 2025, and the closing date was on May 2, 2025. The allotment date of Arunaya Organics IPO was on May 5, 2025, and the investors will receive a refund on May 6, 2025. Arunaya Organics is set to be listed on May 7, 2025.
Arunaya Organics IPO funds deployment
- The proceeds raised from the fresh issue will be used to set up a new manufacturing facility located at D-3/26/3, Dahej III, Industrial Estate, Dahej-392 130, Vagra, Bharuch, Gujarat (“Proposed Greenfield Project”).
- The funds will be used for the working capital requirements of the company
- Lastly, the remaining funds will be used for the company’s General corporate purposes.
About Arunaya Organics Company
Incorporated in 2010, Arunaya Organics Limited is one of the well-known companies involved in the business of making and selling special types of dyes and intermediates. Arunaya is known to offer high-quality chemicals to many industries such as textiles, paints, plastics, mining, and food processing. Moreover, it operates a manufacturing facility situated at C-8 GIDC Estate, Naroda, Ahmedabad-382330, Gujarat, India. The company’s goal is to offer good-quality, robust solutions and high-quality products to its customers in order to build strong and stable relationships with them. Now they have decided to launch an IPO of ₹33.99 crores with the combination of a fresh issue and OFS.
Financial Report of the Arunaya Organics Company
The company reported revenue of ₹62.79 crores in 2024 against ₹76.37 crores in 2023. The company reported a profit of ₹4.06 crores in 2024 against a profit of ₹1.73 crores in 2023.
