Gujarat Peanut IPO Opens: Seeking Rs 23.81 Crore at Rs 80 Per Share
Gujarat Peanut and Agri Products, a Rajkot-based company specializing in peanuts and agricultural commodities, has launched its IPO on the BSE SME platform. The fixed-price issue aims to raise Rs 23.81 crore by offering 29.76 lakh shares at Rs 80 per share. The company plans to use the funds for purchasing plant and machinery, meeting working capital requirements, and general corporate purposes. The IPO closes on Monday, with a tentative listing date of October 3. The company reported revenue of Rs 366.32 crore and profit after tax of Rs 6.50 crore in FY25, showing significant year-on-year growth.
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Gujarat Peanut and Agri Products, a Rajkot-based company specializing in processing and exporting peanuts and various agricultural commodities, has launched its Initial Public Offering (IPO) on the BSE SME platform. The IPO, which closes on Monday, aims to raise Rs 23.81 crore through a fixed-price issue.
IPO Details
- Issue Price: Rs 80 per equity share (face value of Rs 10)
- Fresh Issue: 29.76 lakh shares
- Total Fundraise: Rs 23.81 crore
Share Allocation
- High-Net-Worth Individuals: 14.12 lakh shares
- Retail Investors: 14.14 lakh shares
Company Overview
Gujarat Peanut and Agri Products, established in 2005, has a diverse product portfolio including:
- Peanuts
- Sesame seeds
- Spices
- Grains
- Pulses
- Raw cotton
Financial Performance
The company has shown significant growth in recent years:
| Fiscal Year | Revenue (in crore) | Profit After Tax (in crore) |
|---|---|---|
| FY25 | 366.32 | 6.50 |
| FY24 | 300.43 | 3.95 |
- Revenue growth: 22% year-on-year
- Profit after tax growth: 65% year-on-year
IPO Proceeds Utilization
The funds raised from the IPO will be used for:
- Purchase of plant and machinery
- Meeting working capital requirements
- General corporate purposes
Listing Details
- Platform: BSE SME
- Tentative Listing Date: October 3
Market Sentiment
The grey market premium currently stands at 0%, suggesting cautious expectations for the listing.
Investors interested in the agricultural commodities sector and SME listings may consider this IPO, keeping in mind the company's growth trajectory and the current market sentiment. As always, it is advisable to thoroughly research and consult financial advisors before making investment decisions.
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