Srivari Spices and Foods Limited

Srivari Spices and Foods Limited IPO Review, Date, Price, GMP

Srivari Spices and Foods Limited incorporated on January 29, 2019, manufactures and markets spices and flour in the Telangana and Andhra Pradesh provinces of India. They pursue a special business model where they carefully choose raw materials from various parts of the country and process their products without using artificial preservatives or chemicals. 

Srivari Spices and Foods Limited has two distinct business methods. The first business model is direct-to-customer (D2C), in which the company delivers products to the homes of customers via approximately 15,000 retail outlets. The second business model is business-to-business (B2B), in which the company sells its products to other businesses. They strive to minimize wastage and maintain a continuing engagement with their consumers by packing their products in proportions that may support clients till the shelf life of the product.

Srivari Spices and Foods Limited initially manufactured turmeric powder, chili powder, and coriander powder. In the following years, the company expanded its product portfolio by including madras sambar masala, chicken masala, garam masala, and mutton masala in different packaging designs. 

Srivari Spices and Foods Limited operates on a sustainable business approach. They get their raw materials directly from farmers to ensure that their products contain only natural ingredients. They enable farmers to receive the full value of their produce by removing market intermediaries. This sourcing technique also allows them to sell their items at a lower price than their competitors. They source raw products from various places across the country to offer an authentic taste free of artificial additions.

Srivari Spices and Foods Limited prioritises quality control and assurance in its manufacturing process. They have a separate Quality Division in each of their manufacturing plants that conducts testing on raw materials and finished goods to ensure compliance with regulatory standards. Srivari Spices and Foods Limited runs two manufacturing sites in Telangana, both of which are outfitted with machinery, handling equipment, and in-house laboratories for quality testing.

Srivari Spices and Foods Limited IPO Complete Details:

IPO Date07 August 2023 to 09 August 2023
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Face Value10 Rs. Per Share
Price40 To 42 Rs.
Lot Size3000
Issue Size2,142,000 shares (Rs. 9.00 Cr)
Fresh Issue2,142,000 shares (Rs. 9.00 Cr)
Listing Date18 August 2023

Srivari Spices and Foods Limited IPO Timetable:

Opening Date07 August 2023
Closing Date09 August 2023
Allotment14 August 2023
Initiation of Refunds16 August 2023
Credit of Shares to Demat Account17 August 2023
Listing Date18 August 2023
* Date May Change

Company Financial Details:

Period EndedAssetsRevenueProfit After TaxNet WorthBorrowings
31 March 2020235.8819.05-10.69177.54
31 March 2021627.401,139.9035.27426.91
31 March 20221,067.631,764.2172.84499.75277.39
31 December 20222,060.262,191.63135.38732.801,026.91
Amount In Lakhs

AS OF NOW, the GMP OF Srivari Spices and Foods Limited is Around 27 Rs.

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