Ahimsa Industries Limited is a manufacturing company engaged in plastic products. The company filed its IPO in September 2015 to raise Rs 379.50 Lakhs through fresh issue of 15,18,000 equity shares at Rs 25 per share on NSE Emerge platform. The company showed strong revenue CAGR of 45.83% over FY2011-FY2015, but reported a loss of Rs 80.52 Lakhs in FY2015. Being a first IPO with limited track record and negative recent earnings, investors should carefully evaluate risk-return proposition.