The Srivari Spices and Foods IPO has begun on 07-Aug 2023. It will close on 09-Aug-2023. The Total IPO Size is 9 Crores. The company set its IPO price is 42 Rs Per Share. Basically, There are three basic categories in Srivari Spices and Foods IPO Subscription 1) QIB 2) NII 3) Retail Individual Investors (RIIs)
Srivari Spices and Foods is established in 2019.
Srivari Spices and Foods is engaged in the business of manufacturing spices and flour (chakki atta) and market & sell it in and around Telangana and Andhra Pradesh.
They operate from two manufacturing units located in Telangana namely, Unit – I situated at 234/5, Jalpally Village, Balapur Mandal, Jalpally Municpality, Ranga Reddy District, Telangana and Unit – II situated at Raikal Village, Farooqnagar Mandal, Ranga Reddy District, Telangana.
They have two business model : business has two model 1) direct to customer (“D2C”) 2) business to business (“B2B’’).
Check :- Upcoming SME IPO 2023
Srivari Spices and Foods IPO Promotors
| Name of the Promoter | No. of Shares held | Average cost of Acquisition (in ₹ ) |
| Rathi Narayan Das | 25,36,250 | 11.30 |
| Neihaa Rathi | 24,58,750 | 11.84 |
| Total Pre Issue | 49,95,000 (99.90%) | |
Srivari Spices and Foods IPO Date, Details & Price Band
| IPO Opening Dates | 07 August 2023 |
| IPO Closing Dates | 09 August 2023 |
| Price Band | 40-42 Rs |
| Fresh issue | 9 Crore ( 2,142,000 Shares ) |
| Total IPO size | 9 Crore ( 2,142,000 Shares ) |
| Minimum bid (lot size) | 3000 Shares |
| Face Value | 10 INR Per Share |
| QIB | 19.05% |
| NII | 14.29% |
| Retail | 33.33% |
| Listing On | NSE SME |
Srivari Spices and Foods IPO Market Lot
The Srivari Spices and Foods IPO minimum market lot is 3000 shares With 1,26,000 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Minimum | 1 | 3000 | 1,26,000 Rs |
| Maximum | 1 | 3000 | 1,26,000 Rs |
| S-HNI (Min) | 2 | 6000 | 2,52,000 Rs |
Restated Financial Record of the three year (Amt. in Lakhs)
| Total Assets | Total Revenue | Profit After Tax | |
| 31-Mar-21 | 627.38 | 1,139.90 | 35.26 |
| 31-Mar-22 | 1,067.62 | 1,764.21 | 72.84 |
| 31-Mar-2023 | 2,568.13 | 3,582.01 | 312.61 |
Srivari Spices and Foods IPO GMP Grey Market Premium
Srivari Spices and Foods IPO GMP Grey market premium has been started today. Check Latest Srivari Spices and Foods IPO GMP Grey market premium, Kostak Rates and Subject to Sauda Price here.
Srivari Spices and Foods IPO Prospectus
| DRHP | Download |
| RHP | Download |
Srivari Spices and Foods IPO Reviews
Angel Broking – Update Soon
Choice Broking – Update Soon
Prabhudas Lilladher – Update Soon
Srivari Spices and Foods IPO Form Download
Srivari Spices and Foods IPO is available on NSE Website as well as on our Portal. Please click here Srivari Spices and Foods IPO form Download.
Srivari Spices and Foods IPO Allotment Date & Details
| Allotment Date | 14 August 2023 |
| Initiation of refunds | 16 August 2023 |
| Transfer of shares to Demat accounts | 17 August 2023 |
| Listing Date | 18 August 2023 |
| Check Allotment Status | Click here |
Registrar of Srivari Spices and Foods IPO
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
Investor Grievance Email: [email protected]
Contact Person: Mr. Aniket Chindarkar
SEBI Registration Number: INR000001385
CIN : U99999MH1994PTC076534
Srivari Spices and Foods Contact Details
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 Lead Managers
GYR CAPITAL ADVISORS PRIVATE LIMITED
(Formerly known as Alpha Numero Services Private Limited)
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej, Ahmedabad -380 054, Gujarat, India.
Telephone: +91 87775 64648
Fax: N.A.
E-mail: [email protected]
Website: www.gyrcapitaladvisors.com
Investor grievance: [email protected]
Contact Person: Mr. Mohit Baid
SEBI Registration Number: INM000012810
CIN: U67200GJ2017PTC096908