Arunaya Organics IPO - Day 3 Subscription at 1.56 Times

Arunaya Organics' initial public offering (IPO) has shown strong progress through its three-day subscription period. The ₹33.99 crore IPO has witnessed solid growth in demand, with subscription rates starting at 0.75 times on day one, improving to 1.15 times on day two, and reaching 1.56 times by 11:40 AM on the final day, demonstrating significant investor interest in this manufacturer and exporter of specialty dyes and intermediates serving various industries including textiles, paints, plastics, mining, and food processing.

Arunaya Organics IPO retail segment leads with an impressive 2.58 times subscription, while qualified institutional buyers reach full subscription at 1.00 times and non-institutional investors show growing interest at 0.83 times, reflecting broad-based investor confidence in this company that operates a production facility in Gujarat with an annual capacity of approximately 30 metric tons for products including acid dyes, basic dyes, direct dyes, solvent dyes, and dye intermediates.
 

Subscription Status of Arunaya Organics IPO:

Here are the subscription details for Arunaya Organics IPO as of Day 3 (May 2, 2025, 11:40 AM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

Key Highlights - Day 3:

• Overall subscription reached healthy 1.56 times, showing strong investor interest
• Retail investors demonstrated exceptional enthusiasm at 2.58 times subscription
• NII segment showing substantially improved interest at 0.83 times, doubling from day two
• QIB segment maintained full subscription at 1.00 times, consistent across the period
• Total applications reached 3,022, with 2,875 from retail investors
• Retail segment driving subscription with retail investors representing 66% of total shares bid for
• Final day showing continued strong growth across investor categories
• Total bid amount exceeding issue size by more than 50%

Arunaya Organics IPO - Day 2 Subscription at 1.15 Times

Key Highlights:

• Overall subscription crossing full subscription at 1.15 times, showing strong momentum
• Retail investors showing impressive interest at 1.97 times, up from day one's 1.35 times
• QIB segment reaching full subscription at 1.00 times, slightly up from day one's 0.97 times
• NII segment showing improved interest at 0.40 times, eight times higher than day one's 0.05 times
• Day two momentum building strongly after first-day's near-full subscription
• Market response indicating growing confidence across investor categories
• Specialty dyes manufacturing expertise attracting significant investor interest
• Second day seeing full subscription achieved with two days remaining in the offering period
• Total applications reaching 2,256, indicating strong retail participation

Arunaya Organics IPO - Day 1 Subscription at 0.75 Times

• Overall subscription opening at strong 0.75 times, showing robust initial investor approach
• Retail investors beginning impressively at 1.35 times, already exceeding full allocation
• QIB segment showing exceptional initial interest at 0.97 times, nearly reaching full subscription
• NII segment showing minimal initial interest at 0.05 times, reflecting cautious evaluation
• Opening day demonstrating strong investor engagement particularly from retail and QIB segments
• Initial momentum reflecting positive assessment of specialty dyes manufacturing sector
• Chemical product manufacturing expertise drawing significant early interest
• First day setting strong subscription baseline suggesting potential for substantial oversubscription

About Arunaya Organics Limited

Founded in 2010, Arunaya Organics Limited specializes in manufacturing and exporting specialty dyes and intermediates for various industries including textiles, paints, plastics, mining, and food processing. The company has established a strong reputation for delivering high-quality chemical products and operates a production facility located at C-8, GIDC Estate, Naroda, Ahmedabad, Gujarat, with an annual capacity of approximately 30 metric tons.

The company's product portfolio spans multiple dye categories including acid dyes (used on protein fibers like wool and nylon), basic dyes (water-soluble dyes for acrylic fibers, paper, and detergents), direct dyes (suitable for cotton, paper, and cellulosic fibers), solvent dyes (used for coloring craft paper and in cosmetics), and dye intermediates (chemical precursors that determine final color, stability, and performance). 

Financial performance shows solid results with revenue of ₹62.79 crores in FY2024 and profit after tax of ₹4.06 crores, yielding impressive metrics including 44.15% ROE, 55.71% ROCE, and 36.27% RONW. For the nine months ended December 2024, the company reported revenue of ₹58.21 crores with PAT of ₹3.60 crores. The company's competitive strengths include its experienced and dedicated promoter team with extensive domain knowledge, wide product portfolio, strong R&D capabilities, and commitment to quality assurance in chemical manufacturing.
 

Highlights of the Arunaya Organics IPO:

• IPO type: Book Building IPO
• IPO size: ₹33.99 crores
• Fresh Issue: 52.60 lakh shares aggregating to ₹30.51 crores
• Offer for Sale: 6.00 lakh shares aggregating to ₹3.48 crores
• Face value: ₹10 per share
• Issue price band: ₹55 to ₹58 per share
• Lot size: 2,000 shares
• Minimum investment for retail investors: ₹1,16,000
• Minimum investment for HNI: ₹2,32,000 (2 lots)
• Market maker reservation: 2,96,000 shares
• Listing at: NSE SME
• IPO opens: April 29, 2025
• IPO closes: May 2, 2025
• Allotment date: May 5, 2025
• Listing date: May 7, 2025