What is the issue size of Srivari Spices and Foods IPO?

The issue size of the Srivari Spices and Foods IPO is Rs. 9 crores.

What is 'pre-apply' for Srivari Spices and Foods IPO?

Pre-apply will alow you to apply for the Srivari Spices and Foods IPO 2 days before the subscription period starts.

If I pre-apply for Srivari Spices and Foods IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Srivari Spices and Foods IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Srivari Spices and Foods IPO order is placed?

We will notify you when your Srivari Spices and Foods IPO order is placed with the exchange.

What are the open and close dates of the for Srivari Spices and Foods IPO?

Srivari Spices and Foods IPO will be open between 7 August - 9 August, 2023.

What is the lot size and minimum order quantity of the Srivari Spices and Foods IPO?

Srivari Spices and Foods Limited IPO lot size is 3000 shares.

What are the allotment dates for the Srivari Spices and Foods IPO?

Srivari Spices and Foods IPO allotment date is 14 August, 2023. For Srivari Spices and Foods IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Srivari Spices and Foods IPO?

Srivari Spices and Foods IPO registrar is Bigshare Services Pvt Ltd. You can check Srivari Spices and Foods IPO allotment status on the website of the registrar.

Where is the Srivari Spices and Foods IPO getting listed?

The shares are proposed to be listed on NSE SME.

Srivari Spices SME IPO

Srivari Spices Limited

₹1,20,000 /3000 sharesMinimum Investment

Srivari Spices SME IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹42.00₹102.00₹60.00 (142.86%)
Srivari Spices SME IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
7 Aug ‘23 - 9 Aug ‘23₹1,20,0003,000₹40 - ₹42
Issue SizeIPO Doc
9.00CrRHP PDF
About Srivari Spices SMESrivari Spices and Foods Limited, established in 2019, is engaged in the manufacturing of spices and flour (chakki atta) and operates primarily in Telangana and Andhra Pradesh. The company has 2 manufacturing facilities.
The business operates through 2 main models: direct-to-customer (D2C) and business-to-business (B2B). With a D2C approach, Srivari Spices delivers its products directly to customers through approximately 15,000 retail stores. Simultaneously, they also cater to suppliers through the B2B model.
Since its inception, the company's primary goal has been to deliver quality spices and food products without artificial additives. Srivari Spices was recognised as the "Best Emerging Spices Brand 2021" by Business Mint. ;
Parent Organisation
Srivari Spices Limited
Founded
2019
Managing Director
Mr. Narayan Das Rathi
Strengths & Risks
Srivari Spices follows a business model that involves directly sourcing raw materials from farmers, ensuring the use of natural ingredients in their products. By sourcing directly, the company offers its products at a competitive price range.
The company offers various products, including blended spices and whole wheat flour, available in various varieties. 
Strong existing customer relationships enable the company to receive repeat business and maintain long-term partnerships. 
To ensure sustainability, Srivari Spices uses locally available, unadulterated raw materials and refrains from adding artificial preservatives or chemicals to its products. This commitment preserves the authentic taste of the spices during the manufacturing process.
The company ensures product sustainability by manufacturing and packaging products in quantities aligned with their shelf life. This practice helps minimise wastage. 
Srivari Spices has helped establish a customer base in Telangana and Andhra Pradesh.
The production quantity and cost of Srivari Spices' products depend on their ability to source raw materials and packaging materials at acceptable prices and maintain a stable supply. Discontinuation of supply from certain suppliers or difficulties in sourcing quality raw materials at competitive prices could impact their production and sales targets.
The company does not have formal agreements or arrangements with customers, and its business relies on maintaining strong customer relationships and delivering quality products. Additionally, they have not engaged any exclusive agents, dealers, or distributors. 
Any changes in market conditions, trends, customer requirements, or failure to adapt to industry shifts may directly affect their revenue and customer base.
Srivari Spices manufactures products for human consumption, which exposes them to risks like contamination, adulteration, and product tampering during production, transport, or storage.
Proper storage, handling, and transportation at specific temperatures and food safety conditions are crucial. Any lapses or negligence in these processes could damage their products and lead to non-compliance with regulatory standards.
The company's foray into spice manufacturing and trading of whole wheat flour is relatively recent. Due to this limited operating history, evaluating historical performance or predicting prospects may pose challenges for potential investors.
The company has experienced negative cash flow in the past, and this trend may continue. Such negative cash flow could significantly adversely impact the company’s business.
Srivari Spices has availed certain unsecured loans, with an outstanding amount of Rs. 2.85 crores as of March 31, 2023, which may be recalled at any time.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹40 - 42₹2 Lakh
High Networth Individual₹40 - 42₹2 - 5 Lakh
For Srivari Spices SME IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹42.00	₹102.00	₹60.00 (142.86%)

Bidding Dates	Min. Investment	Lot Size	Price Range
7 Aug ‘23 - 9 Aug ‘23	₹1,20,000	3,000	₹40 - ₹42

Issue Size	IPO Doc
9.00Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹40 - 42	₹2 Lakh
High Networth Individual	₹40 - 42	₹2 - 5 Lakh

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