Srivari Spices and Foods IPO: How to check Allotment Status

Srivari Spices and Foods IPO: How to check Allotment Status
Srivari Spices and Foods IPO: How to check Allotment Status

by Tanushree Jaiswal Last Updated: Aug 11, 2023 - 12:21 pm 498 Views
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The ₹9.00 crore IPO of Srivari Spices and Foods Ltd comprises entirely of a fresh issue of shares with no offer for sale (OFS) component. The total SME IPO of Srivari Spices and Foods Ltd entails issue of 21.42 lakh shares which at the upper end of the book built IPO price range of ₹42 per share aggregates to ₹9.00 crore. The fresh issue portion is also the total size of the issue of Srivari Spices and Foods Ltd. The stock has a face value of ₹10 and retail bidders can bid in minimum lot size of 3000 share each. Thus, the minimum investment of ₹126,000 in the IPO is the base limit. That is also the maximum that a retail investor can apply for in the IPO. Here is a break-up of the total shares issued by the company and its quota allocated for different groups of investors.


Anchor Investor Shares Offered

6,06,000 shares (28.29%)

Market Maker Shares Offered

1,08,000 shares (5.04%)

QIB Shares Offered

4,08,000 shares (19.05%)

NII (HNI) Shares Offered

3,06,000 shares (14.29%)

Retail Shares Offered

7,14,000 shares (33.33%)

Total Shares Offered

21,42,000 shares (100.00%)


The response to the IPO of Srivari Spices and Foods Ltd was very moderate and it was subscribed just about 450.03X overall at the close of bidding on 09th August 2023 with the HNI / NII segment seeing the best 786.11 times subscription, the retail portion seeing 517.95 times subscription and the QIB portion seeing 79.10 times subscription. The table below captures the overall allocation of shares with the oversubscription details as of the close of the IPO on 09th August 2023.


Investor Category

Subscription (times)

Shares bid for

Total Amount (₹ Cr)

Anchor Investors




Market Maker




Qualified Institutions




Non-Institutional Buyers




Retail Investors








Total Applications: 1,23,273 (517.95 times)

The basis of allotment will be finalized on Monday, 14th August 2023, the refunds will be initiated on 16th August 2023, demat credits will be finalized on 17th August 2023, while the stock of Srivari Spices and Foods Ltd will get listed on the NSE on 18th August 2023. The company had a pre-IPO promoter holding of 100.00% and post the IPO, the promoter stake in Srivari Spices and Foods Ltd will stand reduced to 69.94%. On listing, the company will have an indicative P/E ratio of 9.59X.

How to check the allotment status. Since this is an NSE SME IPO, there is no facility to check on the exchange website and BSE only offers allotment status mainboard IPOs and for BSE SME IPOs. If you have applied for the IPO, you can either check your allotment status on the website or the on the website of the IPO registrar, Bigshare Services Private Limited. Here are the steps that you need to follow to check allotment status.

Checking the allotment status of Srivari Spices and Foods Ltd on the website of Bigshare Services Private Limited (Registrar to IPO)

Visit the Bigshare Services registrar website for IPO status by clicking on the link below:

In case you are not able to click on the link, you can also cut the above hyperlink and paste it in the address bar of your web browser.

Here you are given the choice to select 3 servers viz. Server 1, Server 2, and Server 3. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 3 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, which server you select; the output would still be the same across.

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Srivari Spices and Foods Ltd from the dropdown box. The allotment status will be finalized on Monday, 14th July 2023, so in this case, you can access the details on the registrar website either late on 14th August 2023 or by middle of 15th August 2023. Once the company is selected from the dropdown box, you have 3 methods to check the allotment status for the IPO.

  • Firstly, you can access with Application Number / CAF Number. Enter the Application / CAF number and then click on Search Button. Enter the application exactly it is given in the acknowledgement slip given to you post the IPO application process. After that you can click on the Search button to get the details of shares allotted to you in the IPO.
  • Secondly, you can search by Beneficiary ID of your demat account. From the dropdown box, you must first select the depository name where your demat account is held i.e., NSDL or CDSL. In the case of NSDL, enter the DP id and Client id in separate boxes as provided. In case of CDSL, just enter the CDSL client number. Remember that the NSDL string is alphanumeric while the CDSL string is a numeric string. The details of your DP and client ID are available in your online DP statement or in the statement of account. After that you can click the Search Button in both cases.
  • Thirdly, you can also search by Income Tax PAN number. Once you select PAN (permanent account number) from the dropdown menu, enter your 10-digit PAN number, which is an alphanumeric code. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Search Button.

The IPO status with number of shares of Srivari Spices and Foods Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference. Once again, you can verify the demat credit by the close of 17th August 2023.

A brief on Srivari Spices and Foods Ltd and the SME IPO

Srivari Spices and Foods Ltd, is an SME IPO on the NSE which opened for subscription on 07th August 2023. Srivari Spices and Foods Ltd, was incorporated in 2019 to manufacture spices and flour (chakki atta). The company also has a complete marketing network to take care of the after production sales and marketing. Its principal product categories include spices, masala and atta. While its spices get delivered to over 3,000 outlets, its atta gets delivered to more than 15,000 outlets. Its whole wheat and sharbati atta are quote popular in the states of Andhra Pradesh and Telangana. Its production methods are predominantly organic to keep the original flavour of the product intact. It has a direct to customer (D2C) sales model as well as a business to business (B2B) marketing model.

The company has two production facilities at Ranga Reddy district, adjoining Hyderabad. The company has tried to maintain a sustainable model. The raw materials are sourced directly from the farmers and then processed at their manufacturing plants located near Hyderabad. In 2020, the company had expanded its product portfolio to include sambar masala, chicken masala, garam masala and mutton masala. Sourcing the raw materials directly from the farmers gives the company a pricing advantage in a crowded market. The company is also looking to foray into countries with a vast expatriate population. Spices contribute 79% of revenues while wheat flour contributes 21%.

Srivari Foods and Spices IPO is being lead managed by GYR Capital Advisors Private Ltd while Bigshare Services Private Ltd is the registrar to the issue.

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About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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