Last updated on August 18, 2023
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.
Promoters of Srivari Spices – Rathi Narayan Das and Neihaa Rathi
Table of Contents
Srivari Spices IPO Details
| Srivari Spices IPO Dates | 7 – 9 August 2023 |
| Srivari Spices Issue Price | INR 40 – 42 per share |
| Fresh issue | 21,42,000 shares (INR 8.57 – 9.0 crore) |
| Offer For Sale | NIL |
| Total IPO size | 21,42,000 shares (INR 8.57 – 9.0 crore) |
| Minimum bid (lot size) | 3,000 shares (INR 126,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Srivari Spices Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 1,139.90 | 1,764.21 | 3,582.01 |
| Expenses | 1,092.23 | 1,663.09 | 3,149.17 |
| Net income | 35.27 | 72.84 | 312.61 |
Srivari Spices Offer News
- Srivari Spices RHP
- Srivari Spices Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Srivari Spices Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.87 | 1.81 | 7.07 |
| PE ratio | – | – | 5.66 – 5.94 |
| RONW (%) | 16.53 | 14.57 | 34.35 |
| NAV | 10.61 | 12.42 | 18.20 |
| ROCE (%) | (6.04) | 19.03 | 23.65 |
| EBITDA (%) | 7.14 | 9.22 | 15.85 |
| Debt/Equity | 0.00 | 0.38 | 1.40 |
Srivari Spices IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 17 August 2023 | 30 | – | 70,000 |
| 16 August 2023 | 30 | – | 70,000 |
| 14 August 2023 | 30 | – | 70,000 |
| 12 August 2023 | 30 | – | 70,000 |
| 11 August 2023 | 30 | – | 70,000 |
| 10 August 2023 | 30 | – | 70,000 |
| 9 August 2023 | 20 | – | – |
| 8 August 2023 | 15 | – | – |
Srivari Spices IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 408,000 | 414,000 | 714,000 | 1,536,000 |
| 9 Aug 2023 | 79.10 | 581.30 | 517.95 | 418.46 |
| 8 Aug 2023 | 1.26 | 21.37 | 69.55 | 38.42 |
| 7 Aug 2023 | 1.23 | 4.91 | 16.84 | 9.47 |
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 Date | 7 August 2023 |
| IPO Closing Date | 9 August 2023 |
| Finalization of Basis of Allotment | 14 August 2023 |
| Initiation of refunds | 16 August 2023 |
| Transfer of shares to demat accounts | 17 August 2023 |
| IPO Listing Date | 18 August 2023 |
| Opening Price on NSE SME | INR 101.50 per share (up 141.67%) |
| Closing Price on NSE SME | INR 106.55 per share (up 153.69%) |
Srivari Spices Offer Lead Manager
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 8777564648
Email: [email protected]
Website: www.gyrcapitaladvisors.com
Srivari Spices Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
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]
Website: www.bigshareonline.com
Srivari Spices Contact Details
SRIVARI SPICES AND FOODS LIMITED
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]
Website: www.srivarispices.com
IPO FAQs
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.
