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IPO

IPO Details


Srivari Spices & Foods Ltd
Registered Office: # 5-105/4/A, SY # 234/A Sriram, Indus Area Kattedan Jalpally, Hyderabad - 500077, Telangana
Phone: +91 40 3576 8663
Email: info@srivarispices.com
Website: www.srivarispices.com
Initial public issue of 21,42,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Srivari Spices and Foods Limited (the Company or Srivari or Issuer) at an issue price of 42 per equity share (including a share premium of Rs. 32 per equity share) for cash, aggregating up to Rs. 9.00 crores* (Public Issue) out of which 1,08,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 42 per equity share for cash, aggregating Rs. 0.46 crores was reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 20,34,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 42 per equity share for cash, aggregating up to Rs. 8.54 crores* is hereinafter referred to as the Net Issue. The public issue and net issue will constitute 29.99 % and 28.48 % respectively of the post-issue paid-up equity share capital of the company. *Subject to finalization of basis of allotment The face value of the equity share is Rs. 10 and offer price is Rs. 42. The offer price is 4.2 times of the face value of the equity share.
Issue Money Payable On
Opens On Closes On Application Allotment
07-Aug-2023 09-Aug-2023 ₹ 42.00 ₹ 0.00
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
(₹)Cr. Lead Managers to the Issue
Project Cost 8.07 GYR Capital Advisors Pvt Ltd
Project Financed through Current Offer 9.00
Post Issue Equity Share Capital 7.14
Issue Price ₹42.00
Projects
Funding the working capital requirements of the company
General corporate purposes
Promoted By
Rathi Narayan Das
Neihaa Rathi
Listing At
NSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd

INDIAN INDICES

Sensex

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Nifty

25,415.80 38.25 (0.15%)

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