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Srivari Spices & Foods Ltd.

Srivari Spices & Foods Ltd.

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹42
₹42
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹42
Based on GMP
Min. Investment
₹126,000
1 lot × 3000 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
07 Aug 2023
Close Date
09 Aug 2023
Allotment
14 Aug 2023
Listing Date
18 Aug 2023
Exchange
NSE SME
Price Band
₹42
Listing Price
See chart
Allotment Status
Price Band
₹42
Per share
Face Value
₹10 per share
 
Lot Size
3,000 Shares
per lot
Issue Size
21,42,000 shares (aggregating up to ₹9.00 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹126,000
1 lot
Pre-IPO Holding
50,00,000 shares
Promoters
Post-IPO Holding
71,42,000 shares
Promoters
P/E (Pre)
9.59x
 
EPS (Pre)
₹4.45
 
UPI Deadline
2023-08-09
Mandate
Anchor AllotmentSun, 06 Aug 2023
Basis of AllotmentMon, 14 Aug 2023
Refund InitiationWed, 16 Aug 2023
Demat CreditThu, 17 Aug 2023
Listing DayFri, 18 Aug 2023
UPI Mandate Deadline2023-08-09
Sale TypeFresh Capital
Net Offer to Public20,34,000 shares (aggregating up to ₹8.54 Cr)
Market Maker Quota1,08,000 shares (aggregating up to ₹0.4536 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Srivari Spices & Foods Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 09 Aug 2023.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
108,000
₹0.45
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
2,142,000
100% ₹9.00
IPO Shares Offered
Srivari Spices & Foods Ltd. IPO total issue size: ₹9.00 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 108,000 ₹0.45
5.04%
Total 2,142,000 ₹9.00
100.00%
* Based on upper price band ₹42 per share
Lot Size & Investment
Lot Size
3,000
Shares per Lot
Issue Price
₹42.00
Upper Band
Min Investment
₹126,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)26,000₹252,000
Retail (Max — 13 Lots)1339,000₹1,638,000
S-HNI (Min — 14 Lots)1442,000₹1,764,000
B-HNI (Min — 68 Lots)68204,000₹8,568,000
* Issue Price ₹42 × Lot Size 3,000 shares
IPO Schedule
Anchor
06 Aug 2023
✓ Done
IPO Open
07 Aug 2023
✓ Done
IPO Close
09 Aug 2023
✓ Done
Allotment
14 Aug 2023
✓ Done
Refunds
16 Aug 2023
✓ Done
Demat Credit
17 Aug 2023
✓ Done
Listing Day
18 Aug 2023
✓ Done
Srivari Spices & Foods Ltd. — Live Price LIVE
₹42.00
INR · NSE
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Issue ₹42.00 Live Price
About Srivari Spices & Foods Ltd.
Incorporated in 2019, Srivari Spices and Foods Limited is engaged in the business of manufacturing spices and flour (chakki atta). The company also undertakes the process of marketing and selling its products. The company operates its operations primarily in and around Telangana and Andhra Pradesh.The product categories of Srivari Spices and Foods are - Spices, Masala, and Atta. These include diverse spice products. The spices are delivered to over 3000 retail outlets and its whole wheat and sharbati atta to over 15000 outlets in Telangana and Andhra Pradesh.Srivari Spices and Foods gathers its raw materials from various parts of the country and thereafter processes the same to create the final products. The entire procedure is executed with utmost care and without the use of artificial preservatives or chemicals. This way they create organic spices and flour, which carry the freshness and goodness of each ingredient.The company engages in two business models to sell its end products:Direct to the customer (D2C)Business to business (B2B)In 2021, Srivari Spices was recognized as the "Best Emerging Spices Brand 2021" by Business Mint. The company has two manufacturing facilities. The first production facility was established in 2019 in Jalpally Village Ranga Reddy District, Telangana from where the company first started its primary operations. The second unit was set up in 2021 at Raikal Village, Farooqnagar Mandal, Ranga Reddy District, Telangana.
Objects of the Issue
1
Funding the working capital requirements of the Company; and
2
General corporate purposes
Srivari Spices & Foods Ltd. Financials (Amount in ₹ Lakhs)
Revenue from Operations
₹1,139.9
31-Mar-21
₹1,764.2
31-Mar-22
₹3,582.0
31 Mar 2023
Profit After Tax (PAT)
₹35.3
31-Mar-21
₹72.8
31-Mar-22
₹312.6
31 Mar 2023
Particulars31 Mar 202331-Mar-2231-Mar-21
Revenue from Operations 3582.01 1764.21 1139.90
EBITDA N/A N/A N/A
Profit After Tax (PAT) 312.61 72.84 35.26
Net Worth 910.02 499.75 426.91
Total Assets 2568.13 1067.62 627.38
Reserves & Surplus 410.02 97.41 24.57
Borrowings 1283.51 277.39 N/A
EBITDA Margin (%) N/A
PAT Margin (%) N/A
RoE
44.35%
RoCE
23.65%
RoNW
24.79%
Debt/Equity
1.41
Issue Structure & Shareholding
Total Shares Offered21,42,000 (100.00%)
Net Offer to Public20,34,000 shares (aggregating up to ₹8.54 Cr)
Reserved for Market Maker1,08,000 shares (aggregating up to ₹0.4536 Cr)
Pre-Issue Promoter Holding50,00,000 shares
Post-Issue Promoter Holding71,42,000 shares
P/BV RatioN/A
RoE44.35%
RoCE23.65%
Debt / Equity1.41
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
GYR Capital Advisors Pvt.Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Srivari Spices & Foods Ltd. IPO subscribed?

Srivari Spices & Foods Ltd. IPO is subscribed 1.00 times by Aug 09, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Srivari Spices & Foods Ltd. IPO retail subscription status?

The Srivari Spices & Foods Ltd. IPO retail category is subscribed 1.00 times as of 09 Aug 2023. The retail portion is oversubscribed.

How to subscribe Srivari Spices & Foods Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 07 Aug 2023 and closes 09 Aug 2023. Min investment: ₹126,000 (1 lot = 3,000 shares). UPI mandate: 2023-08-09.

How many times Srivari Spices & Foods Ltd. IPO subscribed?

The Srivari Spices & Foods Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Srivari Spices & Foods Ltd. IPO allotment?

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 14 Aug 2023. Refunds: on 16 Aug 2023.

When Srivari Spices & Foods Ltd. IPO will be listed?

The Srivari Spices & Foods Ltd. IPO listing date is 18 Aug 2023, Friday. Listed on: NSE SME. Issue price: ₹42. Estimated listing: ₹42. GMP: NIL.

When Srivari Spices & Foods Ltd. IPO close?

The Srivari Spices & Foods Ltd. IPO closes on 09 Aug 2023, Wednesday. UPI mandate: 2023-08-09. Allotment: 14 Aug 2023. Listing: 18 Aug 2023.