Arunaya Organics Ltd IPO
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Arunaya Organics Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 58.6 L | ₹ 6 L | ₹ 22.26 L | ₹ 112.62 L | NSE | ₹ 33.99 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 29 Apr, 25 | 02 May, 25 | 2000 | ₹ 1,10,000 | Book Building - SME | 07 May, 25 |
Arunaya Organics Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Dyes And Pigments |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 1.01x | 1112800 | 1120000 |
| NII | 1.63x | 2225600 | 3618000 |
| Retail | 4.33x | 2225600 | 9636000 |
| Employee | 0x | 0 | 0 |
| Total | 2.45x | 5860000 | 14374000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Arunaya Organics Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 62.23 | 75.85 | 61.55 |
| EBITDA | 6.04 | 2.93 | 2.22 |
| PAT | 4.08 | 1.75 | 1.36 |
| Total Assets | 39.24 | 33.05 | 28.73 |
| Share Capital | 0.85 | 0.85 | 0.73 |
| Total Borrowings | 12.52 | 15.03 | 10.73 |
| Operating Activities (Net Cash) | 4.30 | 2.00 | 1.53 |
| Investing Activities (Net Cash) | 0.57 | 0.66 | 0.64 |
| Financing Activities (Net Cash) | 12.52 | 15.03 | 10.73 |
| Net Cashflow | 0.11 | 0.23 | 0.17 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Arunaya Organics Ltd
Our Company was incorporated as private limited Company under the name Arunaya Organics Private Limited, under the provisions of the Companies Act, 1956 and Certificate of Incorporation was issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli on July 30, 2010. Subsequently, the status of our Company was changed to public limited, and the name of our Company was changed to Arunaya Organics Limited vide Special Resolution dated December 15, 2023. The fresh certificate of Incorporation consequent to conversion was issued on January 01, 2024 by the Registrar of Companies, Ahmedabad.
India is the world leader in dye manufacturing, accounting for 16%-18% of global dyestuff exports. The Indian Dye is exported to 90+ countries. From (April-September) 2023-24 (Provisional), the export of agrochemicals was US$ 1.70 billion, dyes were US$ 867 million and the other dye intermediates were US$ 62 million. The import of agrochemicals was US$ 738 million, dyes were US$ 120 million and the other dye intermediates were US$ 522 million during (April-September) 2023-24 (Provisional). India holds a strong position in international trading of chemicals and ranks 9th in exports and 6th in imports at a global level (excluding pharmaceuticals).
Our Company started its operation in dye industry in the year 2010. We engage in trading and manufacturing activities of different types of dyes and its intermediaries. A significant portion of our revenue is generated from outsourcing our key function i.e. manufacturing of our finished product from our group company Chinmay Chemicals Private Limited. We supply a comprehensive range of products, including reactive, acid, direct, basic, and solvent dyes, as well as dye intermediates. Our products are available in multiple forms, such as standardized spray-dried and tray-dried powders, granules, crude, reverse osmosis-treated products and salt free. Additionally, we provide specialty performance chemicals tailored for the paper industry and textile dyeing. Our diverse product portfolio is designed to cater to both domestic and international markets. Our production facility, located at C-8, GIDC Estate, Naroda, Ahmedabad- 382330, Gujarat, India, has an annual capacity of approximately 30 metric ton per annum. We are committed to maintaining high standards of quality and environmental management, as evidenced by our ISO 9001:2015 and ISO 14001:2015 certifications.
Peer Comparison:
- Vipul Organics Ltd
- Mahickra Chemicals Ltd
- Ducol Organics & Colours Ltd
Arunaya Organics Ltd IPO Key Points
Strengths
- Experienced and dedicated promoter and professional management team with extensive domain knowledge.
- Wide product portfolio.
- R&D capability.
- Quality Assurance.
Risk
- The company is dependent on a third party i.e. Chinmay Chemicals Private Limited (Chinmay), its group company for supplying the company products. Any disruptions at such production or manufacturing facility and their supply chains arrangements, or failures of to adhere to the relevant quality standards may have a negative effect on its reputation, business, and financial condition.
- The company is dependent on a few customers for a major part of its revenues. Further the company does not enter longterm arrangements with its customers and any failures to continue its existing arrangements could adversely affect the company business and results of operations.
- The company does not have any long-term agreements with its raw material suppliers. If the company faces difficulties in obtaining the necessary quality and quantity of raw materials in timely manner and at fair prices, or if the company fails to secure them altogether, it could detrimentally affect its business, financial performance, and cash flow.
Strategy
- Reduction of operation cost through backward integration and manufacturing of dyes for forward integration.
- New manufacturing unit is targeting for Organic dyes, Food dyes and cosmetic dyes.
- Expand our customer base in India and globally.
- Improving operational efficiency.
- Experienced and dedicated promoter and professional management team with extensive domain knowledge.
- Wide product portfolio.
- R&D capability.
- Quality Assurance.
How To Apply for Arunaya Organics Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
