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Open
7 Aug 2023
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Close
9 Aug 2023
3
Allotment
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Listing
Fri, Aug 18, 2023
Price Band
₹40 to ₹42
Issue Size
21,42,000 shares (agg. up to ₹9 Cr)
Lot Size
3,000 Shares
Listing Date
Fri, Aug 18, 2023
Latest GMP
₹27
Est. Gain
64.29%
✦ AI Insight
GMP Trend
18-08-2023₹27Est. ₹69+64.29%
17-08-2023₹27Est. ₹69+64.29%
16-08-2023₹27Est. ₹69+64.29%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 320.10x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 25.68 | 10.68 | 6.27 | 2.36 |
| Total Income | 35.82 | 17.64 | 11.40 | 0.19 |
| Profit After Tax | 3.13 | 0.73 | 0.35 | -0.11 |
| NET Worth | 9.10 | 5.00 | 4.27 | 1.78 |
| Reserves and Surplus | 4.10 | 0.97 | 0.25 | -0.11 |
| Total Borrowing | 12.84 | 2.77 | ||
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Proventus Agrocom Ltd. | SME | ₹69.54 Cr | ₹771 | 186.23 | ₹862.05 | +11.81% | ₹1,630.00 (-0.61%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company; and | 5.93 |
| 2 | General corporate purposes | 2.14 |
About Srivari Spices IPO
Incorporated in 2019, Srivari Spices and Foods Limited is engaged in the business of manufacturing spices and flour (chakki atta). The company also undertakes the process of marketing and selling its products. The company operates its operations primarily in and around Telangana and Andhra Pradesh. The product categories of Srivari Spices and Foods are - Spices, Masala, and Atta. These include diverse spice products. The spices are delivered to over 3000 retail outlets and its whole wheat and sharbati atta to over 15000 outlets in Telangana and Andhra Pradesh. Srivari Spices and Foods gathers its raw materials from various parts of the country and thereafter processes the same to create the final products. The entire procedure is executed with utmost care and without the use of artificial preservatives or chemicals. This way they create organic spices and flour, which carry the freshness and goodness of each ingredient. The company engages in two business models to sell its end products: Direct to the customer (D2C) Business to business (B2B) In 2021, Srivari Spices was recognized as the "Best Emerging Spices Brand 2021" by Business Mint. The company has two manufacturing facilitie
Contact Details
Srivari Spices & Foods Ltd. AddressShed No.5-105/4/A, SY No.234/ASriram Industrial Area, KattedanJalpallyHyderabad, Telangana, 500077+91 737 588 8999compliance@srivarispices.comVisit Website