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 facilities. The first production facility was established in 2019 in Jalpally Village Ranga Reddy District, Telangana from where the company first started its primary operations. The second unit was set up in 2021 at Raikal Village, Farooqnagar Mandal, Ranga Reddy District, Telangana.
Srivari Spices and Foods IPO Details
| IPO Date | to |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 2,200,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 2,200,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Srivari Spices and Foods IPO Reservation
Srivari Spices and Foods IPO Promoter Holding
Rathi Narayan Das and Neihaa Rathi are the Promoters of the Company.
| Pre Issue Share Holding | 99.90% |
| Post Issue Share Holding |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 235.88 | 19.05 | -10.69 | 177.54 | -10.69 | |
| 31-Mar-21 | 627.40 | 1,139.90 | 35.27 | 426.91 | 24.58 | |
| 31-Mar-22 | 1,067.63 | 1,764.21 | 72.84 | 499.75 | 97.42 | 277.39 |
| 31-Dec-22 | 2,060.26 | 2,191.63 | 135.38 | 732.80 | 232.80 | 1,026.91 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding the working capital requirements of our Company
- General corporate purposes
Srivari Spices and Foods IPO Prospectus
Company Contact Information
Srivari Spices and Foods Limited
Shed No. 5-105/4/A, SY No.234/A,
Sriram Industrial Area, Kattedan,
Jalpally, Hyderabad – 500 077
Phone: +91 737 588 8999
Email: compliance@srivarispices.com
Website: http://www.srivarispices.com/
Srivari Spices and Foods IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html