Srivari Spices and Foods Limited IPO : All You Need to Know

Srivari Spices and Foods Limited IPO is set to launch on 7 August, 2023. The company initiated its business operations in the year 2019. The business of the company is manufacturing flour and spices. The products manufactured by the company are sold and marketed b y itself as well under the name Srivari. Its operations are done in 2 states Andhra Pradesh and Telangana. The company delivers its products to more than 3000 retail stores and 15000 stores in Andhra Pradesh and Telanaga. Its business is done in two ways namely D2C and B2B. The company has 2 manufacturing facilities in Telangana. 

Srivari Spices and Foods Limited IPO DETAILS

Srivari Spices and Foods Limited IPO is set to launch on 7 August, 2023. The subscription timeline extends till 9 August, 2023. The size for the IPO is 9 Crore Rs. Shares issued through fresh issue mode are worth 9 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 3000 shares and the price is 40 Rs to 42 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Bigshare Services Private Limited.

Tabular Description of Srivari Spices and Foods Limited IPO

IPO OPENING DATE	7 August, 2023
CLOSING DATE FOR IPO	9 August, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	40 Rs to 42 Rs per share
LOT SIZE	3000 shares
MINIMUM ORDER QUANTITY	3000 shares
ISSUE SIZE	9 Crore Rs.
OFFER FOR SALE	No share offered through Offer for sale mode
FRESH ISSUE	9 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	18 August, 2023

Srivari Spices and Foods Limited IPO : IMPORTANT DATES

IPO OPENING DATE	7 August, 2023
CLOSING DATE FOR IPO	9 August, 2023
IPO ALLOTMENT DATE	14 August, 2023
REFUNDS	16 August, 2023
DEMAT A/C CREDITED ON	17 August, 2023
IPO LISTING DATE	18 August, 2023

Srivari Spices and Foods Limited IPO begins for subscription from 7 August, 2023. The IPO subscription would continue till 9 August, 2023. The allotment status for the shareholders who applied would come on 14 August, 2023. The refunds for the ones who did not get allotment would be initiated on 16 August, 2023. The DEMAT accounts of shareholders would be credited on 17 August, 2023. The listing of the company would be completed on 18 August, 2023.

Srivari Spices and Foods Limited IPO : Lead Managers

The lead managers are :

• GYR Capital Advisors Private Limited

The minimum lot size for the company is decided at 3000 shares. This holding accounts to 126000 Rs.. The maximum lot size is decided at 6000 shares (HNI). This amounts to 252000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	3000 shares	126000 Rs.
Maximum	6000 shares	252000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2019-20	2020-21	2021-22
ASSETS	627	1067	2568
Revenue	1139	1764	3582
PAT	35	72	312

Srivari Spices and Foods Limited had an asset base of 627 Lakh Rs in 2021 which increased to 1067 Lakh Rs in 2022 and 2568 Lakh Rs in 2023. The revenue of the firm was 1139 Lakh Rs in 2021 which increased to 1764 Lakh Rs in 2022 and 3582 Lakh Rs in 2023. The profit of the firm was 35 Lakh Rs in 2021 which increased to 72 Lakh Rs in 2022 and 312 Lakh Rs in 2023.

PROS

• The products manufactured by the company are sold and marketed by itself as well under the name Srivari.
• Its operations are done in 2 states Andhra Pradesh and Telangana.
• The company delivers its products to more than 3000 retail stores and 15000 stores in Andhra Pradesh and Telanaga. Its business is done in two ways namely D2C and B2B.
• The company has 2 manufacturing facilities in Telangana.

CONS

• The company works in a highly competitive segment.

Srivari Spices and Foods Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Srivari Spices and Foods Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.