subscribe to annapurna swadisht: arihant capital

Arihant Capital IPO report on Annapurna Swadisht

Incorporated in 2015, Annapurna Swadisht Ltd (ASL) is one of the largest FMCG players, and one of the fastest growing impulse packaged snack companies in Eastern India. The company manufactures and sells snacks and food products, namely, Fryums, cakes, candies, namkeen, chips and Gohona Bori, and has a daily sales volume of 12 Lakh packets. It has a large presence across Tier 2 and 3 cities, and rural areas. The MRP ranges from INR 1 for candies to INR 5 for Snacks. As of FY22, 96% of ASLs revenue comes from fryum sales (93% in Q1FY23), and 69% of the revenue as of FY22 comes from the West Bengal region.

Valuation and Outlook

ASL has demonstrated stellar revenue growth at a 111% 3 year CAGR. It is well placed in its target markets with little threat from bigger players. Considering its active product management activities and plans for aggressive distributor network growth, the company is well poised to grow its market share in the years to come. ASL is currently valued at a P/E of 20x based on its FY22 EPS of INR 3.44. We recommend that investors subscribe for long term.

For all IPO report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Keyword: Subscribe to Annapurna Swadisht: Arihant Capital

TECH'S NEWS RELATED

Harsha Engineers International finalises IPO share allotment; here's how to check your status online

IPO Allotment Leading precision bearing cages manufacturer Harsha Engineers International on September 21 finalised the IPO share allotment, which was eagerly awaited by investors especially after healthy response to the initial public offering last week. Investors can check their allotment status online, either on the BSE website or on the portal ...

View more: Harsha Engineers International finalises IPO share allotment; here's how to check your status online

Despite correction and uncertainty, Harsha Engineers still boasts a premium in the grey market

Shares of Harsha Engineers International continued to enjoy a healthy trading premium in the grey market ahead of the company’s listing, though it is down by 20-25 percent in the last couple of days amid significant corrections and an uncertain environment in the secondary market. The company will make ...

View more: Despite correction and uncertainty, Harsha Engineers still boasts a premium in the grey market

Demand for Porsche AG listing strong as retail investor subscription period begins

The books for Volkswagen’s hotly anticipated initial public offering of Porsche AG are covered multiple times on the full size of the deal, a bookrunner involved in the listing said on Tuesday. Indicated demand for the listing, due to take place on Sept. 29 at the Frankfurt Stock Exchange, ...

View more: Demand for Porsche AG listing strong as retail investor subscription period begins

Sebi puts Fairfax Group-backed Go Digit's IPO in 'abeyance'

Capital markets regulator Sebi has kept in “abeyance” the proposed initial share sale of Canada-based Fairfax Group-backed Go Digit General Insurance Ltd. However, the Securities and Exchange Board of India (Sebi) did not clarify further. Go Digit had filed preliminary IPO papers with the capital markets regulator on August ...

View more: Sebi puts Fairfax Group-backed Go Digit's IPO in 'abeyance'

Inox Green Energy plans to launch Rs 740 crore IPO in next 30-45 days: CEO Kailash Tarachandani

(Representative Image) Inox Green Energy Services, a subsidiary of Inox Wind, is planning to come out with its Initial Public Offering (IPO) by October this year to raise Rs 740 crore to fund its expansion plans. The company will focus on the Indian market initially and plans to tap ...

View more: Inox Green Energy plans to launch Rs 740 crore IPO in next 30-45 days: CEO Kailash Tarachandani

Harsha Engineers International IPO final day | Issue subscribed 12 times, QIB portion booked 1.65 times

The initial public offering (IPO) of leading precision bearing cages manufacturer Harsha Engineers International continued to attract strong response from investors. The issue was subscribed 12 times, garnering bids for 20.07 crore equity shares against offer size of 1.68 crore shares, on September 16, the final day of bidding. ...

View more: Harsha Engineers International IPO final day | Issue subscribed 12 times, QIB portion booked 1.65 times

MC Exclusive | Manforce condoms maker Mankind Pharma files papers for $700 mn plus IPO; one of the biggest ever in sector

Private equity firm ChrysCapital-backed Mankind Pharma, the maker of top selling condom brand Manforce Condoms, has filed its DRHP ( draft red herring prospectus ) with market regulator Sebi with plans to raise upwards of $700 mn via an IPO , one of the biggest ever attempted by a ...

View more: MC Exclusive | Manforce condoms maker Mankind Pharma files papers for $700 mn plus IPO; one of the biggest ever in sector

Tamilnad Mercantile Bank stock ends at moderate discount to issue price

Tamilnad Mercantile Bank closed the first trading session with a moderate losses on September 15, which was largely on expected lines. The lower-than-expected subscription to the initial public offer (IPO) was one of the key reasons but subdued market conditions further dented sentiment. The stock opened at its issue ...

View more: Tamilnad Mercantile Bank stock ends at moderate discount to issue price

Harsha Engineers International IPO bought 3.65 times on second day of bidding

Tamilnad Mercantile Bank debuts with 3% discount at Rs 495

Tamilnad Mercantile Bank to make market debut on September 15 | What could be the listing price?

Subscribe to Harsha Engineers International: ICICI Direct

Subscribe to Harsha Engineers International: Geojit

Subscribe to Harsha Engineers International: Ajcon Global

Subscribe to Harsha Engineers International: Choice Equity Broking

Harsha Engineers International IPO Day 1: Issue subscribed 15%, retail portion booked 24%

Harsha Engineers International mobilises Rs 225.74 crore from anchor investors ahead of IPO

Subscribe to Harsha Engineers International: Motilal Oswal

Subscribe to Harsha Engineers International: Arihant Capital

Tamilnad Mercantile Bank IPO share allotment likely today. Here's how to check status online

OTHER TECH NEWS

;