Shri Ahimsa Naturals Limited IPO

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Shri Ahimsa Naturals Limited (formerly known as Shri Ahimsa Mines and Minerals Limited) is a leading export-oriented enterprise engaged in the extraction, manufacturing, and trading of high-quality natural caffeine and herbal extracts catering to global nutraceutical, pharmaceutical, food & beverage, and cosmetic industries.

Shri Ahimsa Naturals Limited has built strong competencies in the extraction and manufacturing of:
i. Caffeine Anhydrous Natural                                    ii. Green Coffee Bean Extracts (GCE)
iii. Crude Caffeine                                                         iv. Other Herbal Extracts (added in 2021)

The company sources Crude Caffeine primarily from decaffeination plants in countries such as Vietnam and Mexico, where it is obtained as a by-product. Through its proprietary processing techniques, Shri Ahimsa Naturals transforms this raw material into high-purity Caffeine Anhydrous Natural and GCE, which are widely used in functional foods, energy drinks, dietary supplements, cosmetics, and pharmaceutical applications.

Shri Ahimsa Naturals Limited is classified as an Export Oriented Unit (EOU), with a significant portion of its revenues derived from international markets. The company currently exports to over 14 countries, including USA, Germany, South Korea, United Kingdom, and Thailand.

Conclusion

With over three decades of industry experience, a diversified product portfolio, strong export orientation, and a customer-centric approach, Shri Ahimsa Naturals Limited stands as a key player in the natural caffeine and herbal extracts industry. The company’s ongoing commitment to innovation, sustainability, and global outreach positions it to capitalize on the rising demand for natural health-based ingredients worldwide.

Objects of the Shri Ahimsa Naturals Limited IPO:

The Company Shri Ahimsa Naturals IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: i. Investment in their Wholly-Owned Subsidiary, Shri Ahimsa Healthcare Private Limited (SAHPL) for setting up a manufacturing unit at Sawarda, Jaipur, Rajasthan. ii. General Corporate Purposes. Total number of shares issue :- i. Fresh issue is 42,03,600 shares, ii. Offer for sale is 19,99,200 shares.
DRHP of Shri Ahimsa Naturals Limited IPO
RHP of Shri Ahimsa Naturals Limited IPO

Shri Ahimsa Naturals Limited IPO Details:

Open Date: Mar 25 2025
Close Date: Mar 27 2025
Total Shares: 62,02,800
Face Value: ₹ 10 Per Equity Share
Issue Size: 73.81 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 113 - 119 Per Equity Share
Listing At: NSE Emerge
Listing Date: Apr 02 2025

Promoters And Management:

Mr. Nemi Chand Jain, 72, is the Chairman and Managing Director and also the founder of the Company. A Management Studies postgraduate from BITS Pilani, he has been associated with the Company since inception. With over 35 years of experience, primarily in the caffeine industry, he started his career in Guwahati, later founding Ahimsa Mines and Minerals Pvt. Ltd. in Jaipur in 1990. After briefly venturing into stone mining, he refocused on the caffeine business in 1997, leading the Company’s growth and operations. Mr. Dipak Kumar Jain, 50, is a Whole-Time Director of the Company. A commerce graduate with a PGDMM and a Company Secretary since 2004, he has 20 years of experience in corporate law, finance, and regulatory compliance. Mr. Amit Kumar Jain, 46, is the Promoter, Whole-Time Director, and CFO of the Company. An engineering graduate with a PGDBA in Finance, he has 20 years of experience in finance and operations. Associated since 2004, he oversees finance, accounts, production, supply chain, and marketing. He is also a Director in Shri Ahimsa Healthcare Pvt. Ltd., our wholly-owned subsidiary.

Financials of Shri Ahimsa Naturals Limited IPO:

In Cr.
Particulars Sep 30, 2024 March 31, 2024 March 31, 2023 March 31, 2022
Revenue from Operations 41 78 104 58
EBITDA 14 27 50 17
EBITDA Margin 33.73% 34.23% 48.33% 29.57%
PAT 10 19 38 11
PAT Margin 23.55% 23.72% 36.00% 18.70%
ROCE 12.59% 25.69% 72.46% 48.83%
CFOA 5 6 20 14
D/E Ratio 0.05 0.16 0.05 0.23

Comparison With Peers:

Note :- There are no listed companies in India that are engaged in a business similar to this company.

Recommendation on Shri Ahimsa Naturals Limited IPO:

Review and Recommendation of Shri Ahimsa Naturals IPO by team IZ is 4/10.

Lead Manager of Shri Ahimsa Naturals Limited IPO:

  1. SRUJAN ALPHA CAPITAL ADVISORS LLP

Registrar of Shri Ahimsa Naturals Limited IPO:

  1. Cameo Corporate Services Limited

Company Address:

Shri Ahimsa Naturals Limited E-94, RIICO Industrial Area Bagru, Ext. Bagru Phone: 0141-2202482 Email: info@shriahimsa.com Website: https://www.naturalcaffeine.co.in/

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