Srivari Spices and Foods Limited

Company Profile
Company Name Srivari Spices and Foods Limited
Open Date 07-08-2023
Close Date 09-08-2023
Exchange NSE SME
Lot Size 3000 Shares
Issue Price ₹ 40 to ₹ 42 per share
Issue Size 21,42,000 Equity Shares
Application Amount 1,26,000
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Company is engaged in the business of manufacturing spices and flour (chakki atta) and market & sell it in and around Telangana and Andhra Pradesh. Company handpicks raw materials from various parts of the country and process products with utmost care without the use of artificial preservatives or chemicals, thereby creating a product portfolio of organic spices and flour, which carry the freshness and goodness of each ingredient. Unique business model has helped them to penetrate the niche segment of market and establish a customer base in and around Telangana and Andhra Pradesh. Goal since incorporation was to manufacture quality spices and other food products which are organic and do not contain any artificial preservatives or chemicals, and in order to achieve goals company have created a unique business model, wherein manufacture and package products in quantities which can sustain a customer until the shelf life of product, in order to avoid wastage and deliver a wide range of products which carry the freshness and goodness of each ingredient.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-23 Mar-22 Mar-21
Total Assets 2,568.13 1,067.62 627.38
Net Assets 910.02 499.74 426.90
Total Borrowings 1,283.15 277.40 -
Total Revenue 3,582.01 1,764.21 1,139.90
Profit After Tax 312.61 72.84 35.26

Tentative Timeline

Opening Date 07-08-2023
Closing Date 09-08-2023
Basis of Allotment 14-08-2023
Initiation of Refunds 16-08-2023
Credit of Shares to Demat 17-08-2023
Listing Date 18-08-2023

Objects of the Issue

Funding the working capital requirements of Company.
General corporate purposes.

Contact Information

Registered Office Shed No. 5-105/4/A, SY No.234/A, Sriram Industrial Area, Kattedan, Jalpally, Hyderabad – 500 077
Phone +91 737 588 8999
Email compliance@srivarispices.com
Website http://www.srivarispices.com/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue

Shareholding Pattern

Pre issue 99.90%
Post issue 69.9%

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