Srivari Spices & Foods Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,014,000 (47%) | — | ₹426 Cr |
| NII (HNI) | — | 306,000 (14%) | — | ₹129 Cr |
| Retail | — | 714,000 (33%) | — | ₹300 Cr |
| Market Maker | — | 108,000 (5%) | — | ₹5 Cr |
| Σ Total | — | 2,142,000 (100%) | — | ₹8,996 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹126,000 |
| Retail (Max) | 13 | 39,000 | ₹1,638,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,764,000 |
| B-HNI (Min) | 67 | 201,000 | ₹8,442,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2023 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 3,582 | 1,764 | 1,140 |
| Profit After Tax | 313 | 73 | 35 |
| Net Worth | 910 | 500 | 427 |
| Total Assets | 2,568 | 1,068 | 627 |
| Reserves & Surplus | 410 | 97 | 25 |
| Total Borrowing | 1,284 | 277 | — |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding the working capital requirements of the Company; and – 5.93
- General corporate purposes – 2.14
Company Overview
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.