Mumbai: Arunaya Organics has launched its Initial Public Offering (IPO) for public subscription starting April 29, 2025. The IPO consists of a fresh issue of 5.26 million equity shares and an offer for sale (OFS) of 0.6 million shares by promoter Shivali Agrawal.
The price band is set between Rs 55 and Rs 58 per share. A lot size of 2,000 shares means that retail investors will need at least Rs 1,16,000 to apply for one lot. Investors can apply in multiples of 2,000 shares.
Grey Market Premium (GMP)
According to market trackers, the grey market premium (GMP) for Arunaya Organics' IPO stands at zero, with unlisted shares trading at Rs 58. This suggests that the issue is currently priced in line with market expectations.
Key Dates to Remember
IPO Open Date: April 29, 2025
IPO Close Date: May 2, 2025
Allotment Finalization: May 5, 2025
Listing Date: Tentatively May 7, 2025
Listing Platform: NSE SME
Use of IPO Funds
The company aims to utilize the fresh issue proceeds to:
- Set up a new manufacturing facility at Dahej III Industrial Estate in Bharuch, Gujarat.
- Fund working capital requirements.
- Meet general corporate purposes.
The company will not receive any funds from the Offer for Sale, as those proceeds go to the selling promoter after taxes and expenses.
About the Company
Arunaya Organics operates in the dyes and dye intermediates sector. It manufactures and trades various types of dyes, including reactive, acid, direct, basic, and solvent dyes. A large part of its production is outsourced to its group firm, Chinmay Chemicals Pvt Ltd. The company's existing plant is located in Naroda, Ahmedabad, with a capacity of 30 metric tons per year.
Registrar and Lead Manager
Registrar: Bigshare Services
Lead Manager: Unistone Capital
