Srivari Spices and Foods IPO will be Open on 07 August 2023 and closes on 09 August 2023. The company has fixed the price of this IPO at ₹40-₹42 according to the face value of ₹10. The company will raise ₹9.00 Crores through this IPO under the 21,42,000 Equity Shares public issue, and the offer is 100% Book Build Issue Issue. The company reserve quota in this IPO 50% QIB , 15% NII and 35% Retail Investor. You can check Srivari Spices and Foods IPO GMP here.
Srivari Spices and Foods Limited is engaged in the business manufacturing spices and flour (chakki atta) and market & sell it in and around Telangana and Andhra Pradesh. The company business has two model first is direct to customer (“D2C”) and second is (“B2B’’).The company deliver our products directly at the doorstep of our customers using approximately 15,000 retail stores.
The company started our business operations in 2019 by setting up a state of art production facility at Survey number 234/4, and 234/5, Jalpally Village, Balapur Mandal, Jalpally Municpality, Ranga Reddy District, Telangana and manufacturing turmeric powder (haldi), chilli powder (mirchi) and coriander powder (dhaniya). You can check Srivari Spices and Foods IPO subscription status here.
The company expanded our business operations by diversifying our product portfolio into madras sambar masala, chicken masala, garam masala and mutton masala in pouches, boxes and bottles. you can check Srivari Spices IPO Allotment status here.
Objects Of The Issue :
- Funding the working capital requirements of our Company
- General corporate purposes.
Company Strengths :
- Unique and sustainable business model
- Diversified Product Basket
- Strong and stable management team with proven ability
- Well Established Brand name and goodwill amongst market players
- Existing client and supplier relationships
- Quality Assurance and Quality Control of our products.
| Read also: Upcoming IPO List 2023 |
Srivari Spices and Foods IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹3.12 Cr ₹42/ EQ 7.07 5.94x 44.35 % 34.35 % 23.65 % 1.41 ₹18.20 ₹25.68 Cr ₹29.99 Cr 99.90 % 94.96 % |
| Team Review : | ✔ Apply For Long Term |
Srivari Spices and Foods IPO GMP Live:
Srivari Spices and Foods IPO GMP Or Grey Market Premium available here. The SME IPO GMP Premium updated Day By Day IPOs Running Period and the GMP Rates are Fluctuate and stable some times later. (GMP rates are Not 100% Guaranteed)
| Date | GMP | Subject Rate |
| 07 Aug 2023 | ₹19-₹20 | ₹51000 |
| 06 Aug 2023 | ₹19-₹20 | ₹51000 |
| 05 Aug 2023 | ₹18-₹19 | ₹50000 |
| 04 Aug 2023 | ₹8-₹9 | ₹48000 |
Srivari Spices IPO Date & Price Band & Details :
| Issue Offer : | Book Built Issue |
| IPO Open : | 07 August 2023 |
| IPO Close : | 09 August 2023 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹40 – ₹42 Per Share |
| Listing On : | NSE, SME |
| Issue Size : | ₹9.00 Cr (2,142,000 Shares) |
| Fresh Issue : | ₹9.00 Cr (2,142,000 Shares) |
| Offer For Sale : | N/A |
Srivari Spices and Foods IPO Market Lot :
Srivari Spices and Foods IPO Minimum Market lot is 1 Lot with 3000 shares with ₹126,000 Application amount. The retail investors can apply up to 1 lots with 3000 Shares or ₹126,000 amounts.
| Category | Lot | Share | Amount |
| Retail (Min) : | 1 | 3000 | ₹126,000 |
| Retail (Max) : | 1 | 3000 | ₹126,000 |
| S-HNI (Min) : | 2 | 6000 | ₹252,000 |
Srivari Spices and Foods IPO Shares Offer :
A Total of 2,142,000 shares are to be bid for the public issue by Srivari Spices and Foods IPO with 2,142,000 for Fresh issue and – for offer for sale.
| Category | Shares Offer | Amount |
| Fresh issue : | 2,142,000 | ₹9.00 Cr |
| Offer For Sale : | – | ₹- |
| Total : | 2,142,000 | ₹9.00 Cr |
Srivari Spices and Foods IPO Net Reservation :
Srivari Spices and Foods IPO Net Reservation of 21,42,000 shares are to be bid for the public issue by Srivari Spices and Foods IPO with 1,071,000 for QIB and 321,300 for NII 749,700 For RII & – Shares EMP.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 10,14,000 | ₹4.26 Cr |
| NII : | 15% | 3,06,000 | ₹1.28 Cr |
| RII : | 35% | 7,14,000 | ₹3.00 Cr |
| MMRP : | – % | 1,08,000 | ₹0.45 Cr |
| Total : | 100% | 21,42,000 | ₹9.00 Cr |
Srivari Spices and Foods IPO Dates :
Srivari Spices and Foods IPO Date is 07 August 2023 to 09 August 2023. The allotment will be finalized on 14 August 2023 and the IPO may list on 18 August 2023.
| Issue Open Date : | 07 August 2023 |
| Issue Close Date : | 09 August 2023 |
| Allotment Date : | 14 August 2023 |
| Refund Date : | 16 August 2023 |
| Share Credit Date : | 17 August 2023 |
| Listing Date : | 18 August 2023 |
Srivari Spices and Foods IPO Form :
There are two ways to apply in Srivari Spices and Foods IPO. You can apply for Srivari Spices and Foods IPO through ASBA available in your bank account. You have to go to your online bank login and select Srivari Spices and Foods IPO in the Invest section and apply through your bank account. Another option is you can apply Srivari Spices and Foods IPO through IPO form download through NSE and BSE. See the Srivari Spices and Foods IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Srivari Spices and Foods Company Financial Report (lakh) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹3,582.01 | ₹3,149.17 | ₹312.61 |
| 2022 | ₹1,764.21 | ₹1,663.08 | ₹72.84 |
| 2021 | ₹1,139.90 | ₹1,092.24 | ₹35.27 |
Company Promoters :
■ Rathi Narayan Das
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Srivari Spices and Foods IPO Lead Managers :
■ GYR Capital Advisors Private Limited
Srivari Spices and Foods IPO Registrar :
Bigshare Services Private Limited
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: [email protected]
Website: www.bigshareonline.com
Note: Check Srivari Spices and Foods IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Srivari Spices and Foods Limited
Shed No. 5-105/4/A, SY No.234/A,
Sriram Industrial Area, Kattedan,
Jalpally, Hyderabad – 500 077
Phone: +91 737 588 8999
Email: [email protected]
Website: http://www.srivarispices.com/
Srivari Spices and Foods IPO FAQs :
What is Srivari Spices and Foods IPO?
Srivari Spices and Foods IPO is SME IPO. They are going to raise ₹9.00 Crores via IPO. The issue is priced at ₹40-₹42 per equity share. The IPO to be listed on NSE, SME.
When Srivari Spices and Foods IPO will open?
The IPO is to open on 07 August 2023 to 09 August 2023 for QIB, NII & RII.
How much is Srivari Spices and Foods IPO Size?
Srivari Spices and Foods IPO size is ₹9.00 Crores.
How much is the Fresh issue size of Srivari Spices and Foods IPO?
The Fresh issue size of Srivari Spices and Foods IPO ₹9.00 Cr.
How much is the Offer For Sale size of Srivari Spices and Foods IPO?
The Offer For Sale size of Srivari Spices and Foods IPO ₹0 Cr.
What is Srivari Spices and Foods IPO Price Band?
Srivari Spices and Foods IPO Price Band is ₹42 Per share.
What is the Srivari Spices and Foods IPO Minimum and Maximum Lot Size?
The minimum bid is 3000 Shares with ₹126,000 amount while the maximum bid is 30000 shares with ₹126,000.
How much is Srivari Spices and Foods IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
When is Srivari Spices and Foods IPO Allotment Date?
Srivari Spices and Foods IPO allotment date is 14 August 2023.
When is Srivari Spices and Foods IPO Listing Date?
Srivari Spices and Foods IPO listing date is 18 August 2023. The IPO to list on NSE, SME.
How to Apply the Srivari Spices and Foods IPO through Zerodha?
“You Can Apply SME IPO in Zerodha”.Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Srivari Spices and Foods IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Srivari Spices and Foods IPO through Upstox?
“You Can Apply SME IPO in Upstox”.Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Srivari Spices and Foods IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Srivari Spices and Foods IPO through Groww?
“You Can Apply SME IPO in Groww”.Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Srivari Spices and Foods IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Srivari Spices and Foods IPO through Paytm Money?
“You Can Apply SME IPO in Paytm Money“.Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Srivari Spices and Foods IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Srivari Spices and Foods GMP: Click Here Srivari Spices and Foods Subscription: Click Here Srivari Spices and Foods Allotment: Click Here Srivari Spices and Foods Listing: Click Here |
All Srivari Spices and Foods IPO-related links are available here. If you want to know the details then click on Click Here Link.
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