IPO Price Range: ₹77 - 81
Min Investment
₹1,29,600
IPO Size
₹33 Cr
IPO Status
Live
Quantity in 1 Lot
1600
Max Bid allowed
1
Listing Exchange
NSE
IPO subscribed over
🚀 1.8733x
This IPO has been subscribed by 3.6079x in retail and 0x in QIB.
Total Subscription | 1.8733x |
Retail Individual Investors | 3.6079x |
Qualified Institutional Buyers | 0x |
Non Institutional Investors | 1.0676x |
Bid Opening Date | 10 Jan 2025 |
Bid Closing Date | 14 Jan 2025 |
Allotment Date | 15 Jan 2025 |
Issue Size | ₹33.8Cr |
Quantity in 1 lot | 1600 |
Operating on D2C model.
Effective market anticipation.
Cordial relations with its customers.
Having PAN India Presence.
Emerging segment in India.
The company present promoters of the Company are first generation entrepreneurs.
The Company depend on brand recognition and reputation and its inability to maintain or enhance brand image that the company operates could have a material adverse effect on its business, financial condition and results of operations.
Its Registered Office and other business premises from where the company operates are not owned by it. If the company is required to vacate the same, due to any reason whatsoever, it may adversely affect its business operations.
The company does not own manufacturing facility, and all the products are manufactured by the third-party manufacturers.
The companys Board of Directors does have any experience of listed companies.
The company is exposed to consumer complaints and potential litigation due to the nature of its products.
Since the company is catering to end customers, there might be chances that customers may feel unsatisfactory on the receipt or on usage of products. Further, in case of any delay in delivery of the product can result into losing out existing or potential consumers in the market.
There is outstanding litigation pending against its Promoters which, if determined adversely, could affect the company business, results of operations and financial condition.
Majority of its state wise revenues from operations for the last 3 years is majorly derived from its Top 5 States. Any adverse developments affecting the company operations in this state could have an adverse impact on its revenue and results of operations.
Its Top 10 Suppliers contribute a significant portion in providing finished goods which are sold by the company to end consumers during the current and previous financial years. Any dispute with one or more of them may adversely affect its business operations.
Investors | Holdings % |
Manprit Singh Chadha | 28.49% |
Ajooni Wellness Pvt Ltd | 49.36% |
Pranav Singh Chadha | 2.45% |
Simrati Kaur | 0.18% |
Archana Chadha | 2.45% |
Organisation | Sat Kartar Shopping Ltd |
Headquarters | New Delhi |
Industry | Pharmaceuticals |