Srivari Spices and Foods Limited is engaged in the business of manufacturing spices and flour (chakki atta) and market & sell them in and around Telangana and Andhra Pradesh. They handpick their raw materials from various parts of the country and process our products with utmost care without the use of artificial preservatives or chemicals, thereby creating a product portfolio of organic spices and flour, which carry the freshness and goodness of each ingredient. Srivari’s unique business model has helped us penetrate the niche segment of our market and establish a customer base in and around Telangana and Andhra Pradesh.
Srivari Spices’ goal since our incorporation was to manufacture quality spices and other food products which are organic and do not contain any artificial preservatives or chemicals, and to achieve our goal we have created a unique business model, wherein they manufacture and package our products in quantities which can sustain a customer until the shelf life of our product, to avoid wastage and deliver a wide range of products which carry the freshness and goodness of each ingredient. Their business has two models first is direct to customer (D2C) in nature, wherein they deliver our products directly to the doorstep of our customers using approximately 15,000 retail stores. Secondly, they also work in business-to-business (B2B), wherein they deliver our products to the suppliers.
The company’s business model has helped create a strong customer base as the quantity of our products packed and delivered in directly proportional to the shelf life of our products, therefore, once the product is consumed by our customers they place an order for the product and this helps us maintain a cyclic and continuous relationship with our customers.
Objects of the Issue:
- Funding the working capital requirements of our Company
- General corporate purposes
Srivari Spices and Foods IPO Review
- May Apply
Srivari Spices and Foods IPO Date & Price Band Details
| IPO Open: | August 7, 2023 |
| IPO Close: | August 9, 2023 |
| IPO Size: | Approx ₹9.00 Crores, 2,200,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹40 to ₹42 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Srivari Spices and Foods IPO Market Lot
The Srivari Spices and Foods IPO minimum market lot is 3000 shares with a ₹126,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹126,000 |
| Retail Maximum | 1 | 3000 | ₹126,000 |
| S-HNI Minimum | 2 | 6000 | ₹252,000 |
Srivari Spices and Foods IPO Dates
The Srivari Spices and Foods IPO date is August 7 and the IPO close date is August 9. The IPO allotment date is August 14 and the IPO might list on August 18.
| IPO Open Date: | August 7, 2023 |
| IPO Close Date: | August 9, 2023 |
| Basis of Allotment: | August 14, 2023 |
| Refunds: | August 16, 2023 |
| Credit to Demat Account: | August 17, 2023 |
| IPO Listing Date: | August 18, 2023 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Srivari Spices and Foods IPO Form
How to apply Srivari Spices and Foods IPO? You can apply Srivari Spices and Foods IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Srivari Spices and Foods IPO in the Invest section. The other option you can apply Srivari Spices and Foods IPO via IPO forms download via the NSE website. Check out the Srivari Spices and Foods forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Srivari Spices and Foods Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹0.19 | ₹0.33 | ₹0.11 |
| 2021 | ₹11.40 | ₹10.92 | ₹0.35 |
| 2022 | ₹17.64 | ₹16.63 | ₹0.73 |
| 2023 | ₹35.82 | ₹31.49 | ₹3.13 |
Srivari Spices and Foods IPO Valuation – FY2023
Check Srivari Spices and Foods IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹7.07 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 34.35% |
| Net Asset Value (NAV): | ₹18.20 per Equity Share |
Peer Group
- Contil India Limited
- Jetmall Spices And Masala Limited
Company Promoters
- Rathi Narayan Das
- Neihaa Rathi
Srivari Spices and Foods IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Srivari Spices and Foods IPO Allotment Status
Check Srivari Spices and Foods IPO allotment status on Bigshare website URL. Click Here
Srivari Spices and Foods IPO Lead Managers aka Merchant Bankers
- Gyr Capital Advisors Limited
Company Address
Srivari Spices and Foods Limited
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/
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