Srivari Spices and Foods Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹27(64.29%)
Premium (ELP)
Having completed its public offering, Srivari Spices and Foods Limited's is now listed and trading on the NSE exchange as of Aug 18, 2023. The IPO raised cumulative capital of 21,42,000 Shares, including 21,42,000 Shares in primary capital infusion.
The IPO was conducted with a price range of ₹40 to ₹42 and minimum investment requirement of 3000 shares. subscription activity between Aug 07, 2023 and Aug 09, 2023 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Aug 14, 2023 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Srivari Spices and Foods Limited specializes in manufacturing spices and flour (chakki atta) while also handling the marketing and sales of its products. Operating mainly in Telangana and Andhra Pradesh, the company sources raw materials from different parts of India and processes them with great care, ensuring no artificial preservatives or chemicals are used. This commitment to quality results in organic spices and flour that retain the freshness and natural goodness of each ingredient. Srivari Spices and Foods follows two business models for selling its products: Direct-to-Customer (D2C) and Business-to-Business (B2B), ensuring a wide market reach.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
NA
NA
- Rathi Narayan Das
- Neihaa Rathi
Srivari Spices and Foods Limited
Bigshare Services Private Limited