The Spectrum Foods Limited date has been confirmed from April 8, 2024 – April 22, 2024.
The Spectrum Foods Limited Developers IPO is a fixed issue size of ₹38.79 Crores. Spectrum Foods Limited, a well-known B2B manufacturer of salt and spices, was founded in 1994. Three divisions comprise the company: Salt & Spices, Renewables, and Hospitality.
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Bidding Dates
April 8-22
Issue Size
₹38.79 Crores
Face Value
₹10 per share
Record Date
March 27, 2024
Spectrum Foods Limited IPO GMP
The Spectrum Foods Limited Record Date is March 27, 2024.
IPO Overview
Spectrum Foods Limited, a well-known B2B manufacturer of salt and spices, was founded in 1994. Three divisions comprise the company: Salt & Spices, Renewables, and Hospitality. Currently, shares of the business are traded actively on the Bombay Stock Exchange under the ticker symbol SPECFOOD (Stock Code: INE547C01018 | 531982).
Spectrum Foods Limited Rights Issue Detail
| Issue Open | April 8, 2024 – April 22, 2024 |
| Security Name | Spectrum Foods Limited |
| Issue Size (Shares) | 19,393,544 |
| Issue Size (Amount) | ₹38.79 Crores |
| Issue Price | ₹20 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | |
| Entitlement | 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Spectrum Foods Limited Ltd Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 13.88 | 16.63 |
| Revenue | 15.71 | 16.17 |
| Profit After Tax | 0.38 | -0.25 |
| Amount in ₹ Crore | ||
Spectrum Foods Limited IPO Timeline
| Last Date to buy shares | March 26, 2024 |
| Record Date | March 27, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | April 8, 2024 |
| Renunciation of Rights Entitlements | |
| Bid/Offer Closes On | April 22, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Profile
Spectrum Foods Limited, a well-known B2B manufacturer of salt and spices, was founded in 1994. Three divisions comprise the company: Salt & Spices, Renewables, and Hospitality. Currently, shares of the business are traded actively on the Bombay Stock Exchange under the ticker symbol SPECFOOD (Stock Code: INE547C01018 | 531982).
Registrar Info
| Name | – |
| Phone number | – |
| Email ID | – |
| Website | – |
Contact Details
| Name | Spectrum Foods Limited |
| Phone number | +91-141-2379483 |
| Email ID | account@suryasalt.com |
| Website | spectrumfoodsltd.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.