Srivari Spices IPO GMP, Review, Price, Allotment


Last updated on August 18, 2023

Srivari Spices IPO GMP

Srivari Spices IPO description – Incorporated in 2019, Srivari Spices and Foods is engaged in manufacturing spices and flour (chakki atta) and marketing & selling them in and around Telangana and Andhra Pradesh. It handpicks raw materials from various parts of the country and processes the products with utmost care without using artificial preservatives or chemicals, thereby creating a product portfolio of organic spices and flour, which carry the freshness and goodness of each ingredient.

The company’s business has two models – first is direct to customer (“D2C”) in nature, wherein it delivers the products directly to the doorstep of its customers using approximately 15,000 retail stores. Secondly, it also works in business-to-business (“B2B’’), wherein it delivers the products to the suppliers.

Srivari Spices and Foods operates from two manufacturing units located in Telangana namely, Unit – I situated at 234/5, Jalpally Village, Balapur Mandal, Jalpally Municipality, Ranga Reddy District, Telangana, and Unit – II situated at Raikal Village, Farooqnagar Mandal, Ranga Reddy District, Telangana, respectively.

Srivari Spices and Foods

Promoters of Srivari Spices – Rathi Narayan Das and Neihaa Rathi

Srivari Spices IPO Details

Srivari Spices IPO Dates7 – 9 August 2023
Srivari Spices Issue PriceINR 40 – 42 per share
Fresh issue21,42,000 shares (INR 8.57 – 9.0 crore)
Offer For SaleNIL
Total IPO size21,42,000 shares (INR 8.57 – 9.0 crore)
Minimum bid (lot size)3,000 shares (INR 126,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE SME

Srivari Spices Financial Performance

 FY 2021FY 2022FY 2023
Net income35.2772.84312.61
Figures in INR Lakhs unless specified otherwise

Srivari Spices Offer News

Srivari Spices Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio5.66 – 5.94
RONW (%)16.5314.5734.35
ROCE (%)(6.04)19.0323.65
EBITDA (%)7.149.2215.85
*Compiled by IPO Central from Prospectus

Srivari Spices IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
17 August 20233070,000
16 August 20233070,000
14 August 20233070,000
12 August 20233070,000
11 August 20233070,000
10 August 20233070,000
9 August 202320
8 August 202315

Srivari Spices IPO Subscription – Live Updates

Shares Offered408,000414,000714,0001,536,000
9 Aug 202379.10581.30517.95418.46
8 Aug 20231.2621.3769.5538.42
7 Aug 20231.234.9116.849.47

Srivari Spices IPO Allotment Status

Srivari Spices IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

Srivari Spices IPO Dates & Listing Performance

IPO Opening Date7 August 2023
IPO Closing Date9 August 2023
Finalization of Basis of Allotment14 August 2023
Initiation of refunds16 August 2023
Transfer of shares to demat accounts17 August 2023
IPO Listing Date18 August 2023
Opening Price on NSE SMEINR 101.50 per share (up 141.67%)
Closing Price on NSE SMEINR 106.55 per share (up 153.69%)

Srivari Spices Offer Lead Manager

428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 8777564648
Email[email protected]

Srivari Spices Offer Registrar

Office No. 56-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  [email protected]

Srivari Spices Contact Details

4-1-875, 876, 877 and 877/1, RDB Blue Hope,
Tilak Road, Abids, Hyderabad- 500 001, Telangana
Phone: +91 40 3576 8663
E-mail: [email protected]


What is the Srivari Spices IPO offer size?

Srivari Spices offer size is INR 8.57 – 9.0 crores.

What is the Srivari Spices offer price band?

Srivari Spices public offer price is INR 40 – 42 per share.

What is the lot size of Srivari Spices public offer?

Srivari Spices offer lot size is 3,000 shares.

What is Srivari Spices IPO GMP today?

Srivari Spices IPO GMP today is INR 30 per share.

What is the Srivari Spices kostak rate today?

Srivari Spices kostak rate today is INR NA per application.

What is Srivari Spices Subject to Sauda rate today?

Srivari Spices Subject to Sauda rate today is INR 70,000 per application.


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