Founded in 2019, Srivari Spices and Foods Limited specializes in the production of spices and chakki atta (whole wheat flour). The company’s scope also encompasses the marketing and distribution of these products. Primarily focused on the Telangana and Andhra Pradesh regions, the company conducts its operations within these areas.
Srivari Spices and Foods offers a range of products within the categories of Spices, Masala, and Atta. These encompass a diverse assortment of spice items. The company supplies its spices to an extensive network of over 3000 retail outlets, while its whole wheat and sharbati atta are distributed to more than 15000 outlets across Telangana and Andhra Pradesh.
Drawing raw materials from various parts of the country, Srivari Spices and Foods employs a meticulous process to transform these materials into final products. Notably, the company adheres to an all-natural approach, avoiding the use of artificial preservatives or chemicals. This commitment results in the creation of organic spices and flour, which encapsulate the freshness and inherent goodness of each component.
The company employs two distinct business models for product sales:
- Direct to the customer (D2C)
- Business to business (B2B)
In 2021, Srivari Spices earned recognition as the “Best Emerging Spices Brand 2021” according to Business Mint. The company boasts two manufacturing facilities. The inaugural production unit was established in 2019 in Jalpally Village, Ranga Reddy District, Telangana, serving as the starting point for the company’s primary operations. Subsequently, a second facility was inaugurated in 2021 at Raikal Village, Farooqnagar Mandal, Ranga Reddy District, Telangana.
Srivari Spices And Foods Limited Stock Quote #
- Open: ₹117.40
- High – Low: ₹117.40 – ₹116.25
- Previous Close: ₹111.85
- Total Traded Value: 1,47,000
- Updated On: Aug 22, 2023 4:00 PM
IPO Details #
Srivari Spices and Foods IPO is a Book Built Issue. The IPO total issue size is Rs 9.00 Cr. The Srivari Spices and Foods IPO price is ₹40 to ₹42 per share. The IPO will list on NSE SME.
| IPO Date | Aug 7, 2023 to Aug 9, 2023 |
| Listing Date | Aug 18, 2023 |
| Face Value | ₹10 per share |
| Price | ₹40 to ₹42 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,142,000 shares (aggregating up to ₹9.00 Cr) |
| Fresh Issue | 2,142,000 shares (aggregating up to ₹9.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,000,000 |
| Share holding post issue | 7,142,000 |
| Market Maker portion | 108,000 shares Nikunj Stock Brokers |
Srivari Spices and Foods IPO Reservation #
Srivari Spices and Foods IPO a total of 2,142,000 shares are offered. QIB: 408,000 (19.05%), RII: 714,000 (33.33%), NII: 306,000 (14.29%).
| Anchor Investor Shares Offered | 606,000 (28.29%) |
| Market Maker Shares Offered | 108,000 (5.04%) |
| QIB Shares Offered | 408,000 (19.05%) |
| NII (HNI) Shares Offered | 306,000 (14.29%) |
| Retail Shares Offered | 714,000 (33.33%) |
| Total Shares Offered | 2,142,000 (100%) |
Srivari Spices and Foods IPO Timetable (Tentative) #
Srivari Spices and Foods IPO opens on Aug 7, 2023, and closes on Aug 9, 2023.
| IPO Open Date | Monday, 7 August 2023 |
| IPO Close Date | Wednesday, 9 August 2023 |
| Basis of Allotment | Monday, 14 August 2023 |
| Initiation of Refunds | Wednesday, 16 August 2023 |
| Credit of Shares to Demat | Thursday, 17 August 2023 |
| Listing Date | Friday, 18 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 9, 2023 |
Srivari Spices and Foods IPO Lot Size #
The minimum lot size of this Srivari Spices and Foods IPO is 3000 shares required is ₹126,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
| HNI (Min) | 2 | 6,000 | ₹252,000 |
| Lot Size Calculator | |||
Srivari Spices and Foods IPO Promoter Holding #
Rathi Narayan Das and Neihaa Rathi are the Promoters of the Company.
| Pre Issue Share Holding | 99.90% |
| Post Issue Share Holding |
Company Financials #
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 235.88 | 627.38 | 1,067.62 | 2,568.13 |
| Revenue | 19.05 | 1,139.90 | 1,764.21 | 3,582.01 |
| Profit After Tax | -10.69 | 35.26 | 72.84 | 312.61 |
| Net Worth | 177.54 | 426.91 | 499.75 | 910.02 |
| Reserves and Surplus | -10.69 | 24.57 | 97.41 | 410.02 |
| Total Borrowing | 277.39 | 1,283.51 |
Key Performance Indicator #
Srivari Spices and Foods IPO Market Cap is Rs 30 Cr and P/E (x) is 9.59.
| KPI | Values |
|---|---|
| P/E (x) | 9.59 |
| Market Cap (₹ Cr.) | 30 |
| ROE | 44.35% |
| ROCE | 23.65% |
| Debt/Equity | 1.41 |
| EPS (Rs) | 4.45 |
| RoNW | 24.79% |
Objects of the Issue #
The Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding the working capital requirements of our Company
- General corporate purposes
Srivari Spices and Foods IPO Prospectus #
Company Contact Information #
Shed No. 5-105/4/A, SY No.234/A,
Sriram Industrial Area, Kattedan,
Jalpally, Hyderabad – 500 077
Phone: +91 737 588 8999
Email: compliance@srivarispices.com
Website: http://www.srivarispices.com/
Srivari Spices and Foods IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Srivari Spices and Foods IPO Lead Manager(s) #
Frequently Asked Questions #
Who are the Promoters of Srivari Spices and Foods Limited? #
The promoters of Srivari Spices and Foods Limited are Rathi Narayan Das and Neihaa Rathi.
What are the objects of the IPO? #
The company proposes to utilize the net proceeds from the IPO for funding its working capital requirements and general corporate purposes.
How can Zerodha customers apply for Srivari Spices and Foods IPO? #
Zerodha customers can apply for Srivari Spices and Foods IPO online using UPI as a payment gateway. They can visit the Zerodha website, log in to Console, go to Portfolio, click the IPOs link, and then select the Srivari Spices and Foods IPO to place their bids.
When will the Srivari Spices and Foods IPO shares be listed? #
The tentative listing date for Srivari Spices and Foods IPO shares is not available in the provided search results. The official listing date is usually published by the exchange a couple of days before the IPO shares’ listing.
Please keep in mind that for more accurate and up-to-date information, please consult official sources and sites.
