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srivari spices and foods ipo

Srivari Spices & Foods IPO

  • Status: Closed
  • RHP:
  • ₹ 120,000 / 3000 shares

    Minimum Investment

IPO Details

  • Open Date

    07 Aug 2023

  • Close Date

    09 Aug 2023

  • IPO Price Range

    ₹ 40 to ₹ 42

  • IPO Size

    ₹ 9.00 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    18 Aug 2023

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Srivari Spices & Foods IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Srivari Spices and Foods Limited IPO is all set to open from 7th August to 9th August 2023. Srivari Spices and Foods specializes in the production of high-quality spices and chakki atta (flour). The company is launching a fresh issue of 2,200,000 equity shares worth ₹9.00 cr. The share allotment date is 14th August and the listing date is 18th August. The price band is ₹40 to ₹42 per share with the lot size of 3000 shares.  

GYR Capital Advisors Private Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of Srivari Spices and Foods IPO 

Srivari Spices and Foods Limited plans to utilize the raised capital from IPO to:
●    Funding working capital needs
●    Meet General corporate expenses 
 

Established in 2019, Srivari Spices and Foods Limited operates in the manufacturing and distribution of spices and flour (chakki atta). The company also handles the crucial aspects of marketing and sales. Their product line comprises three main categories: Spices, Masala, and Atta, encompassing a wide variety of spice products. 

The company’s distribution network is extensive, reaching out to more than 3000 retail outlets for spices and over 15000 outlets for their whole wheat and sharbati atta in Telangana and Andhra Pradesh. Their commitment lies in selecting the finest raw materials from diverse parts of the country and processing their products with great care, entirely free from artificial preservatives or chemicals. 

The company's business model consists of two primary approaches. Firstly, they have a direct-to-customer (D2C) channel where they deliver their products directly to customers' doorsteps through their retail stores. This ensures convenient access for end consumers. The other one is business-to-business (B2B) operations, supplying their products to various suppliers and partners. This allows them to reach a wider market and strengthen their presence in the industry.

Peer Comparison
●    Contil India Limited
●    Jetmall Spices And Masala Limited

For More Information:
Webstory on Srivari Spices and Foods IPO
Srivari Spices and Foods IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) Q3 FY23 FY22 FY21
Revenue 21.92 17.64 11.40
EBITDA 20.03 16.63 10.92
PAT 1.35 0.73 0.35
Particulars (in Rs. Crores) Q3 FY23 FY22 FY21
Total Assets 20.60 10.68 6.27
Share Capital - - -
Total Borrowings 13.27 5.68 2.00
Particulars (in Rs. Crores) Q3 FY23 FY22 FY21
Net cash generated from / (used in) operating activities -7.26 -1.10 -0.17
Net cash from / (used in) investing activities -0.69 -1.78 -1.95
Net cash flow from / (used in) financing activities 7.95 2.68 2.14
Net increase (decrease) in cash and cash equivalents 0.0084 -0.21 0.016


Strengths

1.    Srivari Spices and Foods sources its products from farmers across the country, marketing and selling them directly without involving major intermediaries. This enables the company to provide complete revenue share to the farmers while offering cost-competitive and affordable products to our customers.
2.    The company's diverse product range includes blended spices and whole wheat flour.
3.    Planning to expand to other geographies within and outside India.
4.    The company focuses on quality-oriented service, which has earned it a competitive edge and goodwill in the industry. 
 

Risks

1.    The company has a limited operating history, which makes it challenging to gauge its financial performance. 
2.    Its operations require significant working capital.
3.    The company lacks long-term contracts with suppliers and customers. 
4.    The operations are limited to  Telangana and Andhra Pradesh which can hamper the company’s profitability if it fails to expand or grow. 
5.    Negative cash flow in recent financial years.
6.    The competition is quite high
7.    Stringent laws and regulations concerning food safety, consumer goods, health, and safety can lead to higher liabilities and greater capital investments.
 

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FAQs

The minimum lot size of Srivari Spices and Foods IPO is 3000 shares and the investment required is ₹1,20,000. 

The price band of the Srivari Spices and Foods IPO is ₹40 to ₹42. 

The Srivari Spices and Foods IPO opens on 7th August and closes on 9th August 2023. 

Srivari Spices and Foods IPO plans to issue a fresh issue of 2,200,000 equity shares worth ₹9.00 
cr.

The allotment date of the Srivari Spices and Foods IPO is 14th August 2023.

The listing date of the Srivari Spices and Foods IPO is 18th August 2023.

GYR Capital Advisors Private Limited is the book-running lead manager for Srivari Spices and Foods IPO. 

Srivari Spices and Foods plans to utilize the raised capital from IPO to: 
 
●Funding working capital needs 
●Meet General corporate expenses  

To apply for Srivari Spices and Foods IPO, follow the steps given below: 

●Login to your 5paisa account and select the issue in the current IPO section 
●Enter the number of lots and the price at which you wish to apply for the Srivari Spices 
and Foods IPO. 
●Enter your UPI ID and click on submit. With this, your bid will be placed with the 
exchange. 
●You will receive a mandate notification to block funds in your UPI app.