| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹9.00 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹9.00 Cr |
| Fresh Issue | ₹8.54 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน40.00-42.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | SSFL |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 3,000 shares and in multiples thereof
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:
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company; and | 5.93 |
| 2 | General corporate purposes | 2.14 |
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 25.68 | 10.68 | 6.27 | 2.36 |
| Total Income | 35.82 | 17.64 | 11.40 | 0.19 |
| Profit After Tax | 3.13 | 0.73 | 0.35 | -0.11 |
| NET Worth | 9.10 | 5.00 | 4.27 | 1.78 |
| Reserves and Surplus | 4.10 | 0.97 | 0.25 | -0.11 |
| Total Borrowing | 12.84 | 2.77 | ||
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 44.35% |
| ROCE | 23.65% |
| Debt / Equity | 1.41% |
| RoNW | 24.79% |
| PAT Margin | 8.73% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 4.45 | |
| P/E (x) | 9.59 | |
| Promoter Holding | 99.90% | |
| Market Cap | โน30.00 Cr. | |