Srivari Spices and Foods (NSE SME)
August 7, 2023 – August 9, 2023
| Price | ₹40 - ₹42 |
| Premium | ₹27 |
|---|---|
| Lot size | 3000 |
| Allotment | Aug 14, 2023 |
| Listing | Aug 18, 2023 |
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/
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 4,08,000 | 3,22,71,000 | 79.1 |
| NIB | 3,06,000 | 24,06,57,000 | 786.46 |
| RETAIL | 7,14,000 | 36,98,19,000 | 517.95 |
| Total | 14,28,000 | 64,27,47,000 | 450.1 |
| Retail Apps | 1,23,273 | © IPO Premium | |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 126000 | 0 |
| HNI | 2 | 6000 | 252000 | 0 |
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.
Srivari Spices and Foods IPO Details
Srivari Spices and Foods IPO is a Book Built Issue. The IPO total issue size is Rs [.]. The Srivari Spices and Foods IPO price is [.] to [.] per share. The IPO will list on NSE SME.
| Issue Size | 2,142,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 2,142,000 shares (aggregating up to ₹[.] 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 |
Srivari Spices and Foods IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
Srivari Spices and Foods IPO Lead Manager(s)
Gyr Capital Advisors Limited
Company Financials
| Period | Mar 2020 | Mar 2021 | Mar 2022 | 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 | -10.69 | 35.26 | 72.84 | 312.61 |
| Net Worth | 177.54 | 426.91 | 499.75 | 910.02 |
| Reserves | -10.69 | 24.57 | 97.41 | 410.02 |
| Borrowing | 277.39 | 1,283.51 |