Shri Ahimsa Naturals Ltd IPO

About Shri Ahimsa Naturals Ltd

Shri Ahimsa Naturals Limited was originally incorporated in the name and style of `Ahimsa Mines and Minerals Private Limited' under the Companies Act, 1956 with the Registrar of Companies, Jaipur, on October 17, 1990. Further, the name of the Company was changed to `Shri Ahimsa Mines and Minerals Private Limited', and a fresh certificate of incorporation dated July 14, 1992 was issued by the RoC, Jaipur. Subsequently, the constitution of Company was changed from a Private Limited Company to a Public Limited Company and consequently the name of the Company was changed to `Shri Ahimsa Mines and Minerals Limited', and a fresh certificate of incorporation dated August 19, 1992 was issued by the RoC, Jaipur. The name of the Company was further changed to `Shri Ahimsa Naturals Limited', and a fresh certificate of incorporation dated April 25, 2023 was issued by the RoC, Jaipur.

The Caffeine Anhydrous market has experienced significant growth, with a valuation of USD 622.4 Million in 2023, projected to reach USD 881.5 Million by 2030, showcasing a steady Compound Annual Growth Rate (CAGR) of 6.88% during the forecast period of 2024-2030. This expansion is propelled by the increasing adoption of Anhydrous Caffeine across various end-use verticals, notably in the beverage industry and dietary supplements sector. Several factors contribute to the expanding Anhydrous Caffeine market, including heightened health awareness, the prevalence of obesity among adults, escalating demand from athletes, and its utilization as supplements for diet and weight loss purposes. The prevalence of obesity and overweight offers has spurred consumer interest in weight loss supplements, thereby strengthening the demand for Anhydrous Caffeine due to its nerve stimulant properties, which have been found beneficial for weight control. Global demand for Caffeine continues to rise, prompting manufacturers to invest in producing superior quality Caffeine products. Coffee, as one of the world's most favored beverages, plays a pivotal role in this market dynamic, with coffee beans ranking as the second most heavily traded commodity globally. Notably, consumer preferences are shifting towards low and no-calorie beverages, with increasing emphasis on scrutinizing ingredients like Caffeine and preservatives, as highlighted by a recent survey conducted by the International Food Information Council (IFIC).

The Company primarily processes crude caffeine procured from multiple decaffeination plants. The primary raw material is crude caffeine, a bi-product of such decaffeination plants. The Company process crude caffeine to manufacture Green Coffee Beans Extracts (GCE) and Caffeine Anhydrous Natural. The Company's business focused on extraction, manufacturing & sale of Caffeine Anhydrous Natural. To capitalize on this opportunity, the Company developed a process to extract GCE from the crude caffeine & subsequently added GCE to its product portfolio. In response to growing demand for other herbal extracts from its customers, Company expanded its product portfolio to include various herbal extracts in year 2021. Since 2022, the Company has started manufacturing Crude Caffeine from Tea waste & Coffee waste, which is sold in open market & also used for captive consumption.

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