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. 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
| IPO Opening Date | 07 August 2023 |
| IPO Closing Date | 09 August 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 22,00,000 Shares Worth ₹[] Crore Fresh Issue: 22,00,000 Shares Worth ₹[] Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹40 – ₹42 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Srivari Spices and Foods IPO – Date Schedule
| IPO Open Date | 07 August 2023 |
| IPO Close Date | 09 August 2023 |
| Basis of Allotment | 14 August 2023 |
| Initiation of Refund | 16 August 2023 |
| Credit of Shares to Demat Account | 17 August 2023 |
| IPO Listing Date | 18 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 09, 2023 |
Srivari Spices and Foods IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 3000 | 1,26,000 |
| Retail (Maximum) | 1 | 3000 | 1,26,000 |
| HNI (Minimum) | 2 | 6000 | 2,52,000 |
Competitive Strengths
- Scaled platform with strong track record of growth and market leadership;
- Experienced management team, backed by a strong board and marquee shareholders, along with strong culture of compliance;
- Deeply entrenched, long-standing client relationships with a diversified and expanding client base.
Company Promoters
- Rathi Narayan Das
- Neihaa Rathi
Object Of The Issue
- Funding of the working capital requirement of the Company.
- General corporate purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2020 | 0.19 | 0.33 | -0.10 | 0 |
| 31 March 2021 | 11.40 | 10.92 | 0.35 | 0 |
| 31 March 2022 | 17.64 | 16.63 | 0.72 | 2.77 |
| 31 December 2022 | 21.91 | 20.03 | 1.35 | 10.26 |
| 31 March 2023 | 35.82 | 31.49 | 3.12 | 12.83 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | – |
| Market Cap (₹ Cr.) | – |
| ROE | 44.35 |
| ROCE | 23.65 |
| Debt/Equity | 1.41 |
| EPS (Rs) | 7.07 |
| RoNW | 34.35 |
Srivari Spices and Foods IPO Promoter Holding
| Pre Issue Share Holding | 99.90% |
| Post Issue Share Holding | – |
Srivari Spices and Foods IPO Prospectus
Company Contact Information
| 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/ |
Srivari Spices and Foods IPO Registrar
| Bigshare Services Pvt Ltd 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)
| 1. GYR Capital Advisors Limited |
Srivari Spices and Foods IPO FAQs
| What is Srivari Spices and Foods IPO? Srivari Spices and Foods IPO is a SME IPO. The issue is priced at ₹40 – ₹42 per equity share. The IPO is to be listed on NSE SME. |
| When Srivari Spices and Foods IPO will open? The IPO is to open on 07 August 2023 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Srivari Spices and Foods IPO? You can apply Srivari Spices and Foods IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Srivari Spices and Foods IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Srivari Spices and Foods”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Srivari Spices and Foods IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Srivari Spices and Foods”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Srivari Spices and Foods IPO Size? Srivari Spices and Foods IPO size is ₹9.00 crores. |
| What is Srivari Spices and Foods IPO Price Band? Srivari Spices and Foods IPO Price Band is ₹40 – ₹42. |
| What is Srivari Spices and Foods IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,26,000 amount while the maximum bid is 3000 shares with ₹1,26,000. |
| What is the Srivari Spices and Foods IPO Allotment Date? Srivari Spices and Foods IPO allotment date is 14 August 2023. |
| What is the Srivari Spices and Foods IPO Listing Date? Srivari Spices and Foods IPO listing date is 18 August 2023. The IPO is to list on NSE SME. |
