Business description – Sarveshwar Foods is primarily engaged in the business of processing and marketing of branded and un-branded basmati and non-basmati rice in the domestic and international markets. Its operations are based out of the Jammu Region in the State of Jammu and Kashmir. In addition to its home state, the company procures Basmati and non-Basmati paddy from Punjab, Haryana, Himachal Pradesh, Uttar Pradesh and Delhi.
Besides conventional Basmati and non-Basmati rice, the company has also forayed into procurement, storage, milling, sorting, packaging, branding and distribution of “Organic” Basmati and non-Basmati rice. The “Organic” business also includes organic food products such as dry fruits and nuts, pulses, lentin, flours, porridge, spices, garam masalas and super foods like chia seeds, flax seeds, quinoa seeds, etc. The company markets and distributes these organic food products under its brand “Nimbark”.
Promoters of Sarveshwar Foods – Mr Rohit Gupta
| Sarveshwar Foods IPO details | |
| Subscription Dates | 5 – 7 March 2018 |
| IPO Price band | INR83 – 85 per share |
| Fresh issue | 6,467,200 shares (INR53.68 crore) |
| Offer for sale | Nil |
| Total IPO size | 6,467,200 shares (INR53.68 crore) |
| Minimum bid (lot size) | 1,600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working Capital Requirement – INR30 crore
- Investment in subsidiary Himalayan Bio Organics Pvt. Limited – INR15 crore
| Sarveshwar Foods’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | Q1 FY2018 | |
| Total revenue | 27.8 | 123.5 | 143.2 | 161.0 | 208.0 | 72.5 |
| Total expenses | 21.8 | 114.6 | 134.0 | 154.9 | 192.2 | 68.1 |
| Profit after tax | 5.5 | 7.3 | 8.0 | 4.8 | 11.7 | 3.3 |
Sarveshwar Foods’ Contact Details
Sarveshwar Foods Limited
Sarveshwar House
Below Gummat
Jammu 180 001
Phone: +91 191 2547391
Email: [email protected]
Website: www.sarveshwarrice.com
Sarveshwar Foods IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.13 |
| Day 2 | 0.47 |
| Day 3 | 1.56 |
Sarveshwar Foods Valuation (Latest FY)
Earnings Per Share (EPS): INR7.16
Price/Earnings (P/E) ratio: 11.59 – 11.87
Return on Net Worth (RONW): 18.46%
Net Asset Value (NAV): INR38.75 per share
Registrar of Sarveshwar Foods IPO
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
Website: www.bigshareonline.com
Sarveshwar Foods IPO Allotment Status
Sarveshwar Foods IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Sarveshwar Foods
IPO Opening Date: 5 March 2018
IPO Closing Date: 7 March 2018
Listing Date: 15 March 2018
Listing Price on NSE SME: INR83 per share (down 2.35% from IPO price)
Closing Price on NSE SME: INR70.55 per share (down 17% from IPO price)
Food is always good
PE ratio is attractive
This is a good company worth investing and valuations are just right. Mint money …
Great company, great financials. Share price will surely double in next 3-4 months.
only .40 times subscribe till 2nd day… worth investing company……….
has the refund been initiated ?