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2 min read | Updated on May 05, 2025, 11:02 IST
SUMMARY
Arunaya Organics IPO allotment: The initial public offering was a combination of a fresh issuance of equity shares aggregating to ₹30.51 crore, and an offer-for-sale of ₹3.48 crore.
Arunaya Organics will use IPO proceeds for setting up a manufacturing plant, working capital needs, and general corporate purposes. | Image: Shutterstock
Arunaya Organics IPO allotment: The basis of allotment of Arunaya Organics is expected to be finalised on Monday, May 5. Investors who applied for the issue can check bid finalisation details on the websites of the registrar, Bigshare Services Pvt Ltd, and the National Stock Exchange (NSE).
During the three-day bidding period, the NSE SME initial share sale was subscribed 2.53 times. The retail individual investors' quota recorded 4.33 times subscription, while the part for qualified institutional buyers was subscribed 1.01 times. The non-institutional investors (NIIs) portion got 1.49 times subscription.
The proceeds will be utilised for setting up a manufacturing plant in Gujarat, working capital requirements, and general corporate purposes.
The price band was ₹55 to ₹58 per share. Investors were allowed to apply for at least 2,000 shares worth ₹1,10,000.
Arunaya Organics manufactures and trades different types of dyes for the textile and paper sector.
The company had reported a profit after tax of ₹4.06 crore for the financial year 2023-24, compared to ₹1.73 crore in the previous fiscal year. Revenue from operations increased to ₹45.04 crore in FY25 from ₹38.62 crore a year back.
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