Srivari Spices and Foods IPO Details

IPO

DETAILS

Open Date

07 August 2023

09 August  2023

3000 shares

Rs. 9 Cr

Lot Size

IPO Size

Listing At

NSE, SME

Listing  Date

Price Range

₹40 to ₹42  per share

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Close Date

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Allotment Date

14 August 2023

18 August 2023

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Established in 2019, Srivari Spices and Foods Limited operates in the manufacturing and distribution of spices and flour (chakki atta). The company’s distribution network is extensive, reaching out to more than 3000 retail outlets for spices and over 15000 outlets for their whole wheat and sharbati atta in Telangana and Andhra Pradesh.

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:    1. Funding working capital needs    2. Meet General corporate expenses 

Objective

The book-running lead managers to the offer are: GYR Capital Advisors Private Ltd