Srivari Spices IPO Details ( Srivari Spices and Foods IPO Review )
(7 Aug 2023 – 9 Aug 2023)
Established in 2019, Srivari Spices and Foods Limited operates within the realm of spice and flour (chakki atta) manufacturing. The company is actively involved in both the creation and distribution of its products. Its operational focus centers mainly around the regions of Telangana and Andhra Pradesh.
Srivari Spices and Foods specializes in three core product categories: Spices, Masala, and Atta (wheat flour). This encompasses a diverse range of spice offerings. The distribution network spans over 3000 retail establishments for spices and more than 15000 outlets for whole wheat and sharbati atta across Telangana and Andhra Pradesh.
Sourcing raw materials from multiple corners of the nation, Srivari Spices and Foods transforms these inputs into finished goods through a meticulous process. The hallmark of this process is its meticulous execution, devoid of synthetic additives or chemicals. This approach results in organic spices and flour that encapsulate the inherent freshness and qualities of each constituent ingredient.
The company employs two distinct business models to bring its products to market:
- Direct-to-Customer (D2C)
- Business-to-Business (B2B)
In 2021, Srivari Spices earned the prestigious accolade of “Best Emerging Spices Brand 2021” from Business Mint. The company operates from two manufacturing facilities. The first was established in 2019 in Jalpally Village, Ranga Reddy District, Telangana, serving as the initial hub for its primary activities. The second unit commenced operations in 2021 in Raikal Village, Farooqnagar Mandal, Ranga Reddy District, Telangana.
Srivari Spices and Foods IPO Listed On ₹101.50 & Listing Gain 241.70%
Srivari Spices and Foods IPO Listing Day Trading Information:
| Srivari Spices and Foods IPO | Data |
| NSE Symbol | SSFL |
| Listing Date | 18 August 2023 |
| Issue Price | ₹40 to ₹42 |
| Listed Price | ₹101.50 |
| Open | ₹101.50 |
| High | ₹106.55 |
| Low | ₹101.50 |
| Listing Gain | 241.70% |
Srivari Spices and Foods Limited IPO Competitive Strength
- Critical scale in a fast-growing and fragmented third-party logistics market in India
- Leader in end-to-end solutions enabled by domain expertise, global network and knowledge base
- Robust in-house technology differentiation
- Long and Consistent Track-Record of Successful Integration of Acquisitions to Support Capabilities and Customer Acquisition
- Long-term customer relationship in diversified and attractive industries through encirclement
- Resilient business model with multiple drivers of profitable growth
- Strong parentage with management team with cross industry experience
Srivari Spices IPO Financials Performance ( Results )
Srivari Spices and Foods Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 235.88 | 19.05 | -10.69 | (1.03) | 177.54 | 9.43 | -10.69 | – |
| 31-Mar-21 | 627.38 | 1,139.90 | 35.26 | 1.87 | 426.91 | 10.61 | 24.57 | – |
| 31-Mar-22 | 1,067.62 | 1,764.21 | 72.84 | 1.81 | 499.75 | 12.42 | 97.41 | 277.39 |
| 31-Mar-23 | 2,568.13 | 3,582.01 | 312.61 | 7.07 | 910.02 | 18.20 | 410.02 | 1,283.51 |
Objective of IPO Issue
- Funding the working capital requirements of our Company
- General corporate purposes
Srivari Spices and Foods IPO Basic Details
| IPO Date | Aug 7, 2023 to Aug 9, 2023 |
| Listing Date | Friday, August 18, 2023 |
| Face Value | ₹10 per share |
| Price | ₹40 to ₹42 per share |
| Lot Size | 3000 Shares |
| Issue Size | 2,142,000 shares (aggregating up to ₹9.00 Cr) |
| Fresh Issue | 2,142,000 shares (aggregating up to ₹9.00 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 |
| Company Promoters | Rathi Narayan Das And Neihaa Rathi |
Srivari Spices and Foods IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Srivari Spices and Foods IPO Timetable
Srivari Spices and Foods IPO will open on August 7, 2023 and close on August 9, 2023. You can join Srivari Spices and Foods IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 7 August 2023 (Monday) |
| Closing Date | 9 August 2023 (Wednesday) |
| Basis of Allotment | 14 August 2023 (Monday) |
| Initiation of Refunds | 16 August 2023 (Wednesday) |
| Credit of Shares to Demat | 17 August 2023 (Thursday) |
| Listing Date | 18 August 2023 (Friday) |
| Deadline for UPI mandate confirmation | 5 PM on 9 August 2023 |
Srivari Spices IPO Lot Size
For retail investors in Srivari Spices IPO, 3000 shares will come in 1 lot or the minimum investment will be ₹126,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹126,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
| S-HNI (Min) | 2 | 6000 | ₹252,000 |
Srivari Spices IPO Promoter Holding
The company’s promoters include Rathi Narayan Das and Neihaa Rathi.
| Pre Issue Share Holding | 99.90% |
| Post Issue Share Holding | – |
Srivari Spices and Foods Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 30 |
| Earning Per Share (EPS) | ₹7.07 per Equity Share |
| Net Asset Value (NAV) | ₹18.20 per Equity Share |
| P/E Ratio (P/E) (x) | 9.59 |
| Return on Net Worth (RoNW) (%) | 24.79 |
| Return on equity (ROE) (%) | 44.35 |
| Return on Capital Employed (ROCE) (%) | 23.65 |
| Debt/Equity Ratio | 1.41 |
Srivari Spices and Foods Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Srivari Spices and Foods Limited | Consolidated | 42 | 10 | 7.07 | 9.59 | 34.35 | 18.20 |
| Peer Group | |||||||
| Contil India Limited | Consolidated | 75.88 | 10 | 2.01 | 37.75 | 8.45 | 23.81 |
| Jetmall Spices and Masala Limited | Consolidated | 23.03 | 10 | 0.49 | 47.00 | 3.01 | 16.22 |
Srivari Spices IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 16 August 2023 | ₹27 | – | – |
| 15 August 2023 | ₹27 | – | – |
| 14 August 2023 | ₹27 | – | – |
| 13 August 2023 | ₹27 | – | – |
| 12 August 2023 | ₹27 | – | – |
| 11 August 2023 | ₹27 | – | – |
| 10 August 2023 | ₹27 | – | – |
| 9 August 2023 | ₹27 | – | – |
| 8 August 2023 | ₹27 | – | – |
| 7 August 2023 | ₹27 | – | – |
| 6 August 2023 | ₹27 | – | – |
| 5 August 2023 | ₹23 | – | – |
| 4 August 2023 | ₹23 | – | – |
Srivari IPO Detail Video:
Srivari IPO Subscription Status (Bidding Detail)
The Srivari Spices IPO on August 9, 2023 at 7:30:00 PM was subscribed 450.03 times, with the retail category being subscribed 517.95 times, the NII (Non-Institutional Investor) category being subscribed 786.11 times and the QIB (Qualified-Institutional Buyers) category being subscribed 79.10 times.
| Category | Subscription |
| QIB | 79.10x |
| NII | 786.11x |
| Retail | 517.95x |
| Total | 450.03x |
Srivari Spices IPO Prospectus
| Srivari Spices IPO DRHP | Download |
| Srivari Spices IPO RHP | Download |
| Srivari Spices IPO Anchor Investors Details PDF | Download |
Srivari Spices IPO Rating
| Our Rating | 3.5/5.0 |
Srivari Spices Company Contact Information
Srivari Spices and Foods Limited
Registered Office: Shed No. 5-105/4/A, SY No.234/A,
Sriram Industrial Area, Kattedan, Jalpally, Hyderabad – 500 077,
Telangana, India
Telephone: +91 737 588 8999
E-mail: compliance@srivarispices.com
Corporate Office: 4-1-875, 876, 877 and 877/1, RDB Blue Hope,
Tilak Road, Abids, Hyderabad- 500 001, Telangana, India
Telephone: +91 40 3576 8663
E-mail: info@srivarispices.com
Website: www.srivarispices.com
Contact Person: Aradhana Puranlal Kawde, Company Secretary & Compliance Officer
Corporate Identity Number: U15494TG2019PLC130131
Srivari Spices IPO Registrar
Bigshare Services Private Limited
Address: Office No. 56-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Center, Mahakali Caves Road,
Andheri East, Mumbai-400 093, Maharashtra, India.
Tel: +91 22 6263 8200
Fax: +91 22 6263 8299
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Contact Person: Mr. Aniket Chindarkar
SEBI Registration Number: INR000001385
CIN: U99999MH1994PTC076534
Srivari Spices IPO Lead Manager
Gyr Capital Advisors Private Limited
Address: 428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej, Ahmedabad -380 054, Gujarat, India.
Telephone: +91 87775 64648
Fax: N.A.
E-mail: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
Investor grievance: investors@gyrcapitaladvisors.com
Contact Person: Mr. Mohit Baid
SEBI Registration Number: INM000012810
CIN: U67200GJ2017PTC096908
Srivari Spices IPO FAQs
What is the lot size of Srivari Spices IPO?
The total size of Srivari Spices IPO is ₹9.00 crores and this is a complete fresh Issue.
When will Srivari Spices IPO start?
Srivari Spices IPO will open from 7 August 2023 and IPO will close on 9 August 2023.
What is the open date of Srivari Spices IPO?
Srivari Spices IPO will open date from 7 August 2023.
What is the last date ( close date ) of Srivari Spices IPO?
Srivari Spices IPO will close from9 August 2023.
What is the price band of Srivari Spices IPO?
Srivari Spices IPO price band is ₹40 to ₹42. ( Upper Price Band: ₹42, Lower Price Band: ₹40 )
What is the minimum amount required to apply for Srivari Spices IPO?
The minimum investment for retailers to apply for Srivari Spices IPO is ₹126,000 and the maximum investment is ₹126,000.
What is going on gray market premium of Srivari Spices IPO?
View gray market premium of Srivari Spices IPO by Clicking Here
How much is the GMP of Srivari Spices IPO?
Watch Srivari Spices IPO GMP Today: Click Here
What is the allotment date of Srivari Spices IPO?
The allotment date of Srivari Spices IPO is 14 August 2023.
How to check allotment status in Srivari Spices IPO?
To check the allotment status of Srivari Spices IPO, first of all go to the registrar website by clicking here, select your bad Srivari Spices IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Srivari Spices IPO?
The listing date of Srivari Spices IPO is 18 August 2023.
How much will be the listing gain in Srivari Spices IPO?
View listing gain of Srivari Spices IPO by Clicking Here
How much time Srivari Spices IPO is subscribed?
Total 450.03 times subscribed in Srivari Spices IPO out of which 517.95 times subscription was done in retail quota, 786.11 times subscription in NII quota and 79.10 times subscription in QIB quota.
How to apply for Srivari Spices IPO from Upstox?
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How to apply for Srivari Spices IPO from Zerodha?
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How to apply for Srivari Spices IPO from Angle One?
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