Srivari Spices and Foods, founded in 2019, manufactures spices and flour (chakki atta) and markets and sells them in and around Telangana and Andhra Pradesh. It handpicks raw materials from all over the country and processes the products with the utmost care,
without the use of artificial preservatives or chemicals, resulting in a product portfolio of organic spices and flour that carry the freshness and goodness of each component. The company’s business is divided into two models. The first is direct to customer (“D2C”) in nature, in which the company delivers products directly to the doorsteps of its consumers via around 15,000 retail locations. Second, it operates in the business-to-business (“B2B”) market, delivering products to suppliers.
Srivari Spices and Foods is based in Telangana, with Unit – I located at 234/5, Jalpally Village, Balapur Mandal, Jalpally Municipality, Ranga Reddy District, Telangana, and Unit – II located at Raikal Village, Farooqnagar Mandal, Ranga Reddy District, Telangana, respectively.
Srivari Spices IPO Details
| Srivari Spices IPO Dates | 7 – 9 August 2023 |
| Srivari Spices Issue Price | INR 40 – 42 per share |
| Fresh issue | 21,42,000 shares (INR 8.57 – 9.0 crore) |
| Offer For Sale | NIL |
| Total IPO size | 21,42,000 shares (INR 8.57 – 9.0 crore) |
| Minimum bid (lot size) | 3,000 shares (INR 126,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Srivari Spices Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
|---|---|---|---|
| Revenue | 1,139.90 | 1,764.21 | 3,582.01 |
| Expenses | 1,092.23 | 1,663.09 | 3,149.17 |
| Net income | 35.27 | 72.84 | 312.61 |
Srivari Spices Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
|---|---|---|---|
| EPS | 1.87 | 1.81 | 7.07 |
| PE ratio | – | – | 5.66 – 5.94 |
| RONW (%) | 16.53 | 14.57 | 34.35 |
| NAV | 10.61 | 12.42 | 18.20 |
| ROCE (%) | (6.04) | 19.03 | 23.65 |
| EBITDA (%) | 7.14 | 9.22 | 15.85 |
| Debt/Equity | 0.00 | 0.38 | 1.40 |
Srivari Spices IPO Subscription – Live Updates
- Coming soon
Srivari Spices IPO Dates & Listing Performance
| IPO Opening Date | 7 August 2023 |
| IPO Closing Date | 9 August 2023 |
| Finalization of Basis of Allotment | 14 August 2023 |
| Initiation of refunds | 16 August 2023 |
| Transfer of shares to demat accounts | 17 August 2023 |
| IPO Listing Date | 18 August 2023 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Srivari Spices Offer Lead Manager
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 8777564648
Email: info@gyrcapitaladvisors.com
Website: https://www.gyrcapitaladvisors.com
Srivari Spices Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. 56-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com
Srivari Spices Contact Details
SRIVARI SPICES AND FOODS LIMITED
4-1-875, 876, 877 and 877/1, RDB Blue Hope,
Tilak Road, Abids, Hyderabad- 500 001, Telangana
Phone: +91 40 3576 8663
E-mail: info@srivarispices.com
Website: https://www.srivarispices.com
Srivari Spices Offer News
- Srivari Spices RHP
- Srivari Spices Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Srivari Spices and Foods IPO FAQs :
Q1. What is the Srivari Spices IPO offer size?
Ans. Srivari Spices offer size is INR crores.
Q2. What is the Srivari Spices offer price band?
Ans. Srivari Spices public offer price is INR per share.
Q3. What is the lot size of Srivari Spices public offer?
Ans. Srivari Spices offer lot size is shares.
Q4. What is Srivari Spices IPO GMP today?
Ans. Srivari Spices IPO GMP today is INR NA per share.
Q5. What is the Srivari Spices kostak rate today?
Ans. Srivari Spices kostak rate today is INR NA per application.
Q6. What is Srivari Spices Subject to Sauda rate today?
Ans. Srivari Spices Subject to Sauda rate today is INR NA per application.
