Shri Ahimsa Naturals IPO Day 2 Update: Subscription Doubles, GMP Jumps 10%

Shri Ahimsa Naturals’ IPO, which opened on March 25, 2025, has received a strong response, with subscription reaching 2.08 times by 2:14 PM on Day 2 (Wednesday). The IPO consists of a fresh issue of 42.04 lakh shares worth ₹50.02 crore and an offer for sale (OFS) of 19.99 lakh shares valued at ₹23.79 crore.

Key highlights:

• The retail portion was oversubscribed 2.24 times, and the non-institutional investors (NII) portion was subscribed 3.73 times.
• No bids were received from qualified institutional buyers (QIBs).
• The price band is ₹113-119 per share, with a minimum investment of ₹1,42,800 for retail investors (1,200 shares) and ₹2,85,600 for HNIs (2,400 shares).
• The IPO will close on March 27, 2025, with allotment expected on March 28 and listing on April 2, 2025, on the NSE SME platform.

Shri Ahimsa Naturals IPO GMP: The grey market premium (GMP) for the unlisted shares is ₹12, or 10.08% above the upper issue price of ₹119.