In an exciting development, Shree Siddhivinayak Greentech Industries Ltd. has taken a significant step towards its Initial Public Offering (IPO) by refiling its Draft Red Herring Prospectus (DRHP) on July 24, 2026 with the the NSE SME Notably, this company had previously submitted its IPO documents on July 10, 2026.
A Snapshot of the Company
Incorporated in June 2022, Shree Siddhivinayak Greentech Industries Limited is an integrated agro-processing company engaged in the manufacturing of Jaggery Powder, Khandsari Sugar, jaggery-based value-added food products, and sugarcane by-products. The company also operates a Cane Seed nursery, enabling backward integration in sugarcane cultivation. It serves both B2B customers through jaggery powder, Khandsari sugar, and by-products, and B2C customers through its "Feel Guddy" branded jaggery-based premix products, including Jaggery Tea, Jaggery Coffee, Instant Rice Kheer, Jaggery Laddoo, and Jaggery Lapsi.
IPO Details and Strategic Objectives:
As per DRHP filled on Jul 24, 2026, the company is planning to offer fresh issue of 0.66 crore equity shares.
Allocation strategy includes Not more than 50% of the Offer for Qualified Institutional Buyers (QIBs), Not less than 15% of the Offer for Non-Institutional Investors and Not less than 35% of the Offer for Retail Individual Biddersrespectively.
Shree Siddhivinayak Greentech Industries IPO Purpose
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditures | 23.54 |
| 2 | Pre-payment/re-payment, in part or full, of certain outstanding borrowings | 37.50 |
| 3 | General Corporate Expenses | |
| Total | 61.04 |
Financial Performance Highlights:
Shree Siddhivinayak Greentech Industries Ltd.’s total income grew by 28%, reached ₹78.32 crore in Mar 31, 2026, compared to ₹61.13 crore in Mar 31, 2025.
Profit after tax jumped 110% to ₹11.59 crore, compared to ₹5.50 crore.
Key IPO Management Team
Leading the charge, the Book-Running Lead Manager (BRLM) for the IPO is ERUDORE CAPITAL Pvt.Ltd., with MAS Services Ltd. entrusted as the Issue Registrar.
