Srivari Spices and Foods Limited IPO Message Board (Page 1)

Can anyone help with fresh buying, i have limited capital and i think promoters are trying to make a national presence by increasing business. If i want to fresh buy, should i wait or buy right away?

Consult your SEBI registered financial advisor (obviously paid) ...
Assume, If I have 2 lots and if I say buy right now in this dip. That would be biased view for selfish gain.
Again Assume, if I have 0 lots and if I say this is crap and at overinflated price. That would be again biased view and I may want to buy at much cheaper prices.
(Disclaimer- I have 1 lot of Srivari from buying in preopen and would be holding for long. I am not asking anyone to buy. Take decision as per your financial condition and advisors).

​@Logij Kumar  hehe your post confused me..btw i can hold it for long term.

Any estimate of when will the circuit
open for fresh buying?

This has been a very unique listing. It appears 100% allotted shares moved to secondary buyers within first two days of listing. As first day buyers may have wanted to book profits, this could have resulted in price pressure on day 3. I believe the operators were expecting a sell-off on the third day, so they could lap up the shares at cheaper prices. But, not being the case, most of the buyers from listing day are holding on to their shares, thus resulting in UC.
I don’t believe there’s any operator play, as there are not very significant buy or sell orders currently and this is mostly being managed well by retailers who bought at listing.
Any thoughts or insights from anyone? Have they witnessed similar pattern anytime in the past? Will be interesting to get some shared understanding on this.. 🙏

​@DHARMENDRA SHARMA  I suggested Dreamfolks at 550 as I believed it was a good value, and it is now at 508. Making it even more compelling. Can add in SIP if you like. I’m adding to my existing holdings too. 👍
Netweb after some more correction can be a good one too.

Dear kapz,
Netweb buying circuit At 10 percent. Dreamfolks down at level of 494/-
You buy frog low of Rs. 247/- high show Rs266/-one advice required,can these level good for jio finance selling 215/-

Thanks🙏

Friday’s volume: 12,42,000
Today’s volume (till 11am): 3,12,000 (9000 are pending sell orders)
Total free float shares: 15,34,000
Can anybody help me to understand how is this possible? I am assuming that who brought on Friday, cannot sell today as this is T2T.

Some Full time brokers / Offline broker allows the trading on next day with higher charges.
But I think that volume will be less so near to all shares have changed hand.

Hello Sir, Kya SME IPO quickly sale ho jaata hai? cause Maine suna hai Buyers bahut kam hote hain isliye. Aapka guidance mujhe help karega, kyonki main yahan par naya hun

Hi Good Morning
Respected Sir's Off Topic @ RBM INFRACON Updated in NSD Received SERVICE ORDERS OF R.S.49 CRORE'S

Thank You

Within a span of 10 Days RBM Updated in NSE Service Order of 89Crores.Tq

Experienced boarders please answer...

i bought it at pre open and then simply tried to sell at upper circuit thinking that it will show error ...but it sold ????

How it is possible also should it go for auction or something ????
i am attaching screen shot

I have learnt and earned a lot becoz of this forum... So this is my time to give it back... My two cents to our gr8 chittorgarh forum and family members...

​@Earthking  Thanks for updating full issues till end.

It will help lots of CG members from bigger losses.

who bought it today? the share was in UC todayso what about the big bulls of CG?

Bought 1 lot today,
There is thin line between smartness and stupidity, don't know which side am i after buying at 101.5😂

Bulk deals today… MM squared it’s position to free funds and to take this further..
​@Denim  I think you’ll be safe..

Hi, Can someone help me understand the BOA. After 168000 (ie 56 lots), its directly 984000(ie 328 lots) in the number of shares applied the non institutional category.
How come that? So many people would have applied , how come noone applied between 56 and 328 lots? Whats my mistake in understanding?

All application quantities will not be displayed in basis of allotment.

Thank you @Small Investor  , ur calc of 60000 is 20% of todays closing price right sir(hope it shdnot happen that way sir ....)

​@PeterEngland  , i will wait till tuesday and see whats happening ... since , now in Trading Limit i am already seeing the amount , i need to see whether it will be credited in my account on monday night or not ??? i dont want to trigger the customer care right now( simply not to wake them up if automatically issue settles)

Will update you all once i get some clarity ...

Thanks again everyone ...

Did any borad member of CG buy it in bulk?

Sold alloted 1 Lot @101.50. Happy With such huge profit. Don't want to risk it.

@IPO Small Investor although this scrip has the potential to go much further from here (which I think it’ll do), good you didn’t take any further risk with such good return. Enjoy the earnings!

Aaj to maza hi aagaya

Super listing. Congrats to all allottees

Srivari Spices And Foods Ltd NSE SME IPO.
NSE Code:-18059            
Symbol:-SSFL
Group:-ST
ISIN:-INE0ON201012            
Issue Price:-42/-
Market Lot:-3000 Shares
Face Value:-10/-
Listing At:-NSE SME

Got this investor presentation while researching for srivari.must read(for study purpose)

SRIVARI SPICES & FOODS LTD.
Srivari Spices and Foods Ltd. is engaged in the business of manufacturing spices and flour (chakki atta) and sell it in and around Telangana and Andhra Pradesh, we started our operations in 2019 by setting up a state-of-art-production facility in Telangana.

Started out with manufacturing turmeric powder (haldi), chilli powder (mirchi) and coriander powder (dhaniya) , we expanded our business operations by diversifying our product portfolio into Madras Sambar masala, chicken masala, garam masala and mutton masala and lastly in October, 2022 we launched new product category by manufacturing whole wheat flour (chakki atta).

In 2021, we were awarded with 'Best Emerging Spices Brand-2021' by
Business Mint and also in 2023 we were awarded with 'ET Excellence
in FMCG-Spice Brand' by Economic Times.

Manufacturing Units
Capacity
Unit 1-1440 tonnes
Unit 2-3000 tonnes
Retail Outreach-15000 stores

MANUFACTURING & QUALITY AND TESTING CAPABILITIES:
Our units are well-equipped with machinery & other
handling equipment to facilitate a smooth
manufacturing process.
The units also have an in-house laboratory for testing
the quality of products.
Unit-I is manufacturing spices and Unit-II has been set
up to manufacture 'Srivari Whole Wheat Atta' and
'Sharbati Atta'.

OUR FOCUS:
BRAND AWARENESS & BRAND BUILDING
Recently, we have done our exhibitions in the All India Industrial Exhibition held in Hyderabad, Telangana by the Government of India.

We have appointed Meena Durairaj (a leading South Indian Actress) as our brand ambassador.

We have won the NATIONWIDE
AWARD in the category of "BEST EMERGING SPICE BRAND-2021" from Business Mint.
And in 2023, We won the "ET-Excellence in FMCGSpice Brand " from Economic Times.

OUR COMPETITIVE STRENGTH:
1)Unique & Sustainable business model.
2)Well-Established Brand Name & Goodwill amongst market players

3)Diversified Product Basket with Quality Assurance
4)Existing client and supplier relationships

5)Strong and stable management team

future growth:The Indian blended spices market is growing
faster than straight spices. It is expected to
reach a 35% share of the total organised spices
pie by 2025. In September 2022, the exports of
spices from India increased by 6.62% to US$
330.46 million. In 2021-22, India exported 1.53
million tonnes of spices. From 2017-18 to 2021-22,
the total exported quantity from India grew at a
CAGR of 10.47%.

It is currently not generating positive FCF (Free Cash Flows) but valuation is cheap. So my advise would be to enjoy listing gains for those who got allotment and for fresh purchase don't buy just based on FOMO (Fear Of Missing Out).

As per buzz

Lisitng 60/- +-5

Let's see kitna deta hai

Arjun got wrong once again big time.

Listing will be 85-90 and above. Huge demand for it. Market maker lots are all absorbed in grey at 35 premium. PE of company is very attractive and below 10.

Will Sell My allotment in Pre open

GMP 27/-

NO BUYING

Will buy upto 75. That's enough for me.
Anything above watching the game from sideline.