The Srivari Spices IPO commenced on August 7, 2023, and concluded on August 9, 2023. The allotment of shares took place on August 14, 2023, and the initiation of refunds began on August 16, 2023. The shares were credited to the demat accounts of investors on August 17, 2023. Finally, the listing of Srivari Spices on the stock exchange occurred on August 18, 2023.
The Srivari Spices IPO was priced at ₹40 to ₹42 per share, with a lot size of 3000. The total issue size was ₹9.00 crores, comprising a fresh issue of ₹9.00 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Srivari Spices IPO Basic Details
| Company Name | Srivari Spices and Foods Limited |
| Domain of Company | Spice and Flour (chakki atta) Manufacturing |
| Srivari Spices IPO GMP Today | ₹23 |
| Srivari Spices IPO Listing Gain | 54.76% |
| Srivari Spices IPO Open Date | August 7, 2023 |
| Srivari Spices IPO Close Date | August 9, 2023 |
| Srivari Spices IPO Allotment Date | August 14, 2023 |
| Srivari Spices IPO Listing Date | August 18, 2023 |
| Face Value | ₹10 per share |
| Price | ₹40 to ₹42 per share |
| Lot Size | 3000 Shares |
| Issue Size | 2,142,000 shares (aggregating up to ₹9.00 Cr) |
| Fresh Issue | 2,142,000 shares (aggregating up to ₹9.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Rathi Narayan Das And Neihaa Rathi |
Srivari Spices IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| 16 August 2023 | ₹27 | 64.29% | – | – |
| 15 August 2023 | ₹27 | 64.29% | – | – |
| 14 August 2023 | ₹27 | 64.29% | – | – |
| 13 August 2023 | ₹27 | 64.29% | – | – |
| 12 August 2023 | ₹27 | 64.29% | – | – |
| 11 August 2023 | ₹27 | 64.29% | – | – |
| 10 August 2023 | ₹27 | 64.29% | – | – |
| 9 August 2023 | ₹27 | 64.29% | – | – |
| 8 August 2023 | ₹27 | 64.29% | – | – |
| 7 August 2023 | ₹27 | 64.29% | – | – |
| 6 August 2023 | ₹27 | 64.29% | – | – |
| 5 August 2023 | ₹23 | 54.76% | – | – |
| 4 August 2023 | ₹23 | 54.76% | – | – |
Srivari Spices IPO Details:
Established in 2019, Srivari Spices and Foods Limited is actively involved in the production of spices and chakki atta (whole wheat flour). Additionally, the company manages the marketing and distribution of its products. Its operations are primarily concentrated in the regions of Telangana and Andhra Pradesh.
Srivari Spices and Foods offers a range of products, including Spices, Masala, and Atta, encompassing a diverse selection of spice items. The company supplies these spices to more than 3000 retail outlets and its whole wheat and sharbati atta to over 15000 outlets across Telangana and Andhra Pradesh.
Raw materials for Srivari Spices and Foods are sourced from different parts of the country. These materials undergo meticulous processing to yield the final products. Notably, the company adopts a careful approach, avoiding the use of artificial preservatives or chemicals. This commitment results in the creation of organic spices and flour, capturing the inherent freshness and quality of each component.
The company employs two distinct business models for product distribution:
- Direct to the customer (D2C)
- Business to business (B2B)
In the year 2021, Business Mint acknowledged Srivari Spices as the “Best Emerging Spices Brand 2021”. The company operates from two manufacturing facilities. The initial production unit was established in 2019 in Jalpally Village, Ranga Reddy District, Telangana, marking the inception of its primary operations. Subsequently, a second facility was set up in 2021 at Raikal Village, Farooqnagar Mandal, Ranga Reddy District, Telangana.
Srivari Spices IPO More Details Click Here
Srivari Spices IPO FAQs
When is Srivari Spices IPO open?
Srivari Spices IPO will open on 7 August 2023.
When is Srivari Spices IPO Close?
Srivari Spices IPO will be closed on 9 August 2023.
What is Srivari Spices IPO GMP Today?
The Srivari Spices IPO GMP aka Grey Market Premium is ₹27.
What is Srivari Spices IPO Kostak Rates Today?
The Srivari Spices IPO Kostak Rate is ₹000.
What is Srivari Spices IPO Subject to Sauda Price Today?
The Srivari Spices IPO subject to sauda rates is ₹000.
Srivari Spices IPO Expected Returns?
The Srivari Spices expected return is 64.29%.
How much will be the listing gain in Srivari Spices IPO?
Srivari Spices IPO will get listing gain of 64.29%. (Approx.)
