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SME IPO Status: Listed [7th Aug 2023 to 9th Aug 2023]
Srivari Spices And Foods Limited is offering a SME IPO issue size of 2,142,000 equity shares worth of Rs 9.00 Cr. This IPO application opens from 07 Aug to 09 Aug 2023. The face value of the shares is Rs 10 per share. And the IPO issue price band is defined as Rs 40 to Rs 42 per share along the lot size of 3000 shares or its multiples.
Stay tuned for more information on Srivari Spices And Foods Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 7th Aug 2023 |
| SME IPO Issue Closing Date: | 9th Aug 2023 |
| SME IPO Issue Price: | ₹40.00-42.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹9.00 Cr |
| Fresh Issue: | ₹9.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.90% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| NSE Code: | SSFL |
Get important updates regarding Srivari Spices and Foods SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 14th Aug 2023 |
| Refunds Initiation* | 16th Aug 2023 |
| Credit of Shares to Demat* | 17th Aug 2023 |
| SME IPO Listing Date* | 18th Aug 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹40.00-42.00 |
| Market Lot: | 3000 Shares |
| 1 Lot Amount: | ₹126000 |
| Min HNI Lots: | 6000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 18-08-2023 | 42.00 | 27 | 61600 | ₹69 (64.29%) | 18-Aug-2023 10:22 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Srivari Spices And Foods Limited was established in 2019. The company manufactures spices and flour (chakki atta) and markets and sells them in and around Telangana and Andhra Pradesh. They hand select their raw materials from different parts of the country and process their products with utmost care without the use of artificial preservatives or chemicals, resulting in a product portfolio of organic spices and flour that carries the freshness and goodness of each ingredient.
They produce their products in large quantities and package them so that the customer can receive them until the end of their shelf life. In this way, they avoid waste and offer a wide range of products that preserve the freshness and goodness of each ingredient. Their business model has helped us build a strong customer base because the amount of products packaged and delivered is in direct proportion to the shelf life of the products, so once customers consume the product, they place an order.
Their business model ensures that farmers can take full advantage of their products without having to share their revenues with middlemen. Because they source their raw materials directly from farmers, they can offer their products at a lower price than their competitors, giving them a unique pricing model.
| Incorporation | Sector | IPO Issue Size | Website |
| 2019 | Food Industry | ₹9.00 Cr | http://www.srivarispices.com/ |
The Company proposes to utilize the Net Proceeds towards funding the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 408,000 (28.57%) | 306,000 (21.43%) | 714,000 (50%) | 1,428,000 | |
| 1 | 7th Aug 2023 19:31 | 1.23x | 6.33x | 17.33x | 10.37x |
| 2 | 8th Aug 2023 19:31 | 1.26x | 28.77x | 71.00x | 42.03x |
| 3 | 9th Aug 2023 19:31 | 79.10x | 786.11x | 517.95x | 450.03x |
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 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 After Tax | -10.69 | 35.26 | 72.84 | 312.61 |
| Net Worth | 177.54 | 426.91 | 499.75 | 910.02 |
| Reserves and Surplus | -10.69 | 24.57 | 97.41 | 410.02 |
| Total Borrowing | 277.39 | 1,283.51 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Srivari Spices and Foods Limited | 7.07 | 18.2 | 34.35 | |||
| Contil India Limited | 2.01 | 23.81 | 37.75 | 8.45 | ||
| Jetmall Spices And Masala Limited | 0.49 | 16.22 | 47 | 3.01 |
Last Updated on 22-Aug-2023 06:00:21
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Srivari Spices and Foods SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Srivari Spices and Foods SME IPO with Zerodha.
Alternate approch to apply in Srivari Spices and Foods SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Srivari Spices and Foods SME IPO Review and Important Updates
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To subscribe or apply in Srivari Spices and Foods SME IPO, you can use the following methods:
| Srivari Spices and Foods SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Srivari Spices and Foods SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Srivari Spices and Foods SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Srivari Spices and Foods SME IPO. Most of the Syndicate Banks provide access to apply in Srivari Spices and Foods IPO via ASBA process. You must have your net banking access, DP ID information to apply in Srivari Spices and Foods SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Srivari Spices and Foods SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Srivari Spices and Foods SME IPO Review and Important Updates
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Srivari Spices and Foods SME IPO is going to be list on 18-08-2023. NSE Code for Srivari Spices and Foods is SSFL.
Other relevant questions:
When Srivari Spices and Foods SME IPO will be listing? Srivari Spices and Foods SME IPO NSE listing date?Srivari Spices and Foods SME IPO date of listing
Srivari Spices and Foods SME IPO Allotment Date is 14-08-2023.
Other relevant questions:
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