Business Standard

Srivari Spices & Foods Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

9.00 cr

Price Range (₹)

42

Lot Size

3000

Min Investment (₹)

1,26,000.00

Listing Exchange

NSE - SME

Open Date

07-Aug-2023

Close Date

09-Aug-2023

Listing Date

18-Aug-2023

Srivari Spices & Foods Ltd News

    The Shares of Srivari Spices & Foods Ltd have now been listed.

    Srivari Spices & Foods Ltd IPO Details

    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 allotmentThe 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.

    Objective of issue

    Funding the working capital requirements of the company. General corporate purposes.

    Srivari Spices & Foods Ltd Contact Details

    Srivari Spices & Foods Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - info@srivarispices.com

    Website - www.srivarispices.com