Arunaya Organics IPO Receives Over 2.5x Subscription On Day 3, Retail Portion Subscribed By 4.33x: Check GMP Today
Unlisted shares of Arunaya Organics are trading at Rs 64 apiece in the grey market against the upper IPO price of Rs 58, indicating over 10% listing gains for investors on May 7.
Arunaya Organics IPO: The initial public offering of Arunaya Organics Ltd, which has been closed today at 5 pm, has been subscribed over 2.5 times. Till 4:59 pm on the final day of bidding on Friday, the Rs 34-crore NSE SME IPO received a 2.53 times subscription garnering bids for 1,40,74,000 shares as against 55,64,000 shares on offer.
The retail and NII participation stood at 4.33 times and 1.49 times, respectively. The QIB category, which comprises mutual funds and pension funds, received a 1.01 times subscription.
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The Arunaya Organics IPO was opened for public subscription on April 29 and will be closed today, May 2. The price band of the SME IPO has been fixed at Rs 55 to Rs 58 apiece.
Arunaya Organics IPO GMP Today
According to market observers, unlisted shares of Arunaya Organics Ltd are currently trading at Rs 58 apiece in the grey market, which means zero premium over the upper IPO price of Rs 58. It indicates flat or negative listing on May 7, the tentative listing date.
The allotment will be finalised on May 5.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Arunaya Organics IPO: More Details
Arunaya Organics Limited comprises a fresh issue of 52.60 lakh equity shares aggregating to Rs 30.51 crore and an offer for sale (OFS) of 6 lakh shares worth Rs 3.48 crore. The IPO opened for subscription on April 29, 2025, and closed on May 2, 2025. The allotment of shares is expected to be finalized on Monday, May 5, while the shares are proposed to be listed on the NSE SME platform on Wednesday, May 7, 2025.
The price band for the IPO has been fixed at Rs 55 to Rs 58 per share. Retail investors are required to apply for a minimum of one lot, comprising 2,000 shares, which translates to an investment of Rs 1,10,000 at the lower end of the band. However, considering the high likelihood of oversubscription, investors are advised to bid at the cutoff price, increasing the amount to around Rs 1,16,000. For High Net-Worth Individuals (HNIs), the minimum investment is two lots or 4,000 shares, amounting to Rs 2,32,000.
Unistone Capital Pvt Ltd is acting as the book-running lead manager for the issue, while Bigshare Services Pvt Ltd is the registrar. RK Stock Holding Private Limited has been appointed as the market maker for the IPO.
Incorporated in 2010, Arunaya Organics Limited is engaged in the manufacturing and export of specialty dyes and intermediates. The company supplies high-quality chemical products across multiple industries including textiles, paints, plastics, mining, and food processing.
On the financial front, the company reported total revenue of Rs 58.21 crore for the nine-month period ended December 31, 2024, compared to Rs 62.79 crore in FY24, Rs 76.37 crore in FY23, and Rs 62.26 crore in FY22.
Its profit after tax stood at Rs 3.60 crore for the nine months of FY25, up from Rs 1.73 crore in FY23 and Rs 1.33 crore in FY22.
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