Accretion Nutraveda Limited IPO

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Accretion Nutraveda Limited was originally incorporated on March 16, 2021. The Company is engaged in the manufacturing of Ayurvedic and nutraceutical products across multiple dosage forms, combining classical Ayurvedic principles with modern nutraceutical science. Accretion Nutraveda primarily operates as a contract manufacturer, catering to clients in India and export markets such as Sri Lanka, Singapore, and the United States.

Product Portfolio

Accretion Nutraveda offers a diversified range of dosage forms, including:

i) Tablets (film-coated, chewable, uncoated) for liver care, gynaecological care, bone and joint health, and respiratory support
ii) Capsules (hard gelatin and HPMC) for detoxification, women’s health, cognitive support, immunity, and wellness
iii) Oral Liquids such as syrups, suspensions, tonics, and decoctions (kadhas) suited for paediatric and geriatric use
iv) Oral Powders / Churans for digestive health and nutrition
v) Ayurvedic Oils for musculoskeletal, dermatological, and hair care applications
vi) External Preparations including balms, ointments, creams, and gels for pain relief, skin care, and hair care

Business Verticals and Revenue Model

The Company operates through two primary sales streams:

1. Domestic Sales and Merchant Exports (Loan License Basis) – the dominant revenue contributor
2. Direct Export Sales – a growing segment contributing to international expansion

In FY 2024–25, domestic and merchant exports accounted for 96.62% of revenue, while direct exports contributed 3.38%.

Key Strengths

i) Experienced promoters and management team with healthcare and nutraceutical expertise
ii) Diverse portfolio covering over 72 formulations across multiple dosage forms
iii) Strong quality assurance and regulatory compliance framework
iv) Scalable CDMO business model with domestic and export capabilities
v) Established relationships with customers and suppliers

Objects of the Accretion Nutraveda Limited IPO:

Company intends to utilize the proceeds of the Issue for the following objects: - 1) Purchase of Machineries for Automation in existing Manufacturing unit (₹4.22 cr) 2) Purchase of Machineries for New Manufacturing Setup (₹8.03 cr) 3) Working capital requirements (₹5.50 cr) 4) General corporate purposes

Accretion Nutraveda Limited IPO Details:

Open Date: Jan 28 2026
Close Date: Jan 30 2026
Total Shares: 19,20,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 25 Cr.
Lot Size: 1000 Shares
Issue Price: ₹ 122-129 Per Equity Share
Listing At: BSE SME
Listing Date: Feb 04 2026

Promoters And Management:

1. Mr. Mayur Popatlal Sojitra – Managing Director, is the Managing Director of the Company. He holds a Bachelor of Pharmacy from Gujarat University and an MBA in International Business from the University of Greenwich, London. With over a decade of experience in pharmaceuticals, nutraceuticals, and Ayurveda, he has been associated with the Accretion Group since its inception and also serves as Director in Accresha Lifecare Private Limited. His blend of technical expertise and strategic leadership drives the Company’s growth and expansion. 2. Mr. Ankurkumar Shantilal Patel – Whole-Time Executive Director, Ankurkumar Patel (38 years) is the Whole-Time Director of the Company. He holds a Bachelor of Pharmacy and a Master of Pharmacy (Ayurveda) from Gujarat Ayurved University and has over 16 years of industry experience. His background spans QA/QC, R&D, and research roles across leading healthcare organisations. Associated with the Accretion Group since 2021, he leads research, innovation, and operational initiatives. 3. Mr. Paraskumar Vinubhai Parmar – CFO & Executive Director, serves as the Chief Financial Officer and Executive Director. He holds a Bachelor of Pharmacy and a Master’s degree in International Business from the University of Greenwich, London. With over a decade of experience in finance, strategy, and risk management, he has been instrumental in strengthening the Company’s financial planning, compliance framework, and growth strategy.

Financials of Accretion Nutraveda Limited IPO:

Particulars 6M FY2025-26 FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations (Cr) 14 16 5 3
EBITDA (Cr) 3 4 1 0.6
EBITDA Margins 23% 23% 24% 20%
PAT (Cr) 2 3 0.8 0.28
PAT Margins 17% 16% 16% 10%
ROCE 49% 37% 29% 12%
OPerating Cash Flow (Cr) -0.88 -2.21 0.23 0.68
Debt to Equity Ratio(In Times) 0.5 0.72 2 7.5

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT PAT Margins ROCE D/E Ratio MCap (in cr) P/E
Accretion Nutraveda Limited 16 23% 3 16% 37% 0.72 93.40 31.13
Walpar Nutritions Ltd. 72 8% 2.88 4% 16% 0.48 50 19.30
Influx Healthtec h Limited 105 20% 13.02 12.4% 60.0% 0 472 26.7
NOTE:Forward P/E 23.35 is According to FY 2026 PAT

Lead Manager of Accretion Nutraveda Limited IPO:

  1. Sobhagya Capital Options Pvt. Ltd.

Registrar of Accretion Nutraveda Limited IPO:

  1. Kfin Technology Private Limited

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