₹25.00 Crores | Listing at NSE | Tue, Sep 24, 2024 - Thu, Oct 3, 2024
Srivari Spices And Foods Limited Rights Issue comprises 0.1428 Cr equity shares aggregating to ₹25.00 Cr, offered at an issue price of ₹175 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Sep 4, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 5.
The term of payment is defined as following : The full amount of the Issue Price, Rs 175 (including the Premium of Rs 165), will be payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Oct 11, 2024.
The Rights Issue opens on Sep 24, 2024, and closes on Oct 3, 2024, with renunciation of Rights Entitlements permitted up to Sep 27, 2024.
The deemed date of allotment is Oct 11, 2024, following which the equity shares are expected to be credited to demat accounts on Oct 17, 2024 and listed at the NSE on Oct 15, 2024.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Srivari Spices And Foods Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Sep 4, 2024
Entitlement Ratio
1 : 5
Open Date
Tue, Sep 24, 2024
Close Date
Thu, Oct 3, 2024
The full amount of the Issue Price, Rs 175 (including the Premium of Rs 165), will be payable on application.
| Period Ended | 31 Mar 2024 |
| Assets | 54.86 |
| Revenue | 78.29 |
| Profit After Tax | 7.03 |
| Net Worth | 23.99 |
| Reserves and Surplus | 16.85 |
| Amount in ₹ Crore | |
Incorporated in January 2019, Srivari Spices and Foods Limited is a manufacturer of spices and flour (chakki atta) and markets and sells them in and around Telangana and Andhra Pradesh.
The company has two business models. The first is direct-to-customer (D2C), delivering products through around 15,000 retail stores. The second is business-to-business (B2B), supplying products to other businesses.
The company has two manufacturing units situated in Ranga Reddy District, Telangana.
As of March 31, 2024 the company has 67 employees in various departments.
The Company proposes to utilize the Net Proceeds to:
[Dilip Davda] The company is in the business of manufacturing and marketing of spices and flour along with other food products. It is operating on a D2C and B2B model that keeps it busy in meeting the rising demand. Though the RI appears lucratively priced compared to its current trading price, it appears fully priced. Investors may park moderate funds for long term. Read detail review...
Srivari Spices And Foods Rights Issue 2024 got oversubscribed by 1.5 times by the end of the bidding period with total bid quantity received by NSE of 21,42,700 shares. Check Day by Day Subscription Details (Live Status)
| Date | NSE Bid Quantity | Subscription Times |
|---|---|---|
Oct 03 2024 17:00:09 | 21,42,700 | 1.50x |
Srivari Spices And Foods Limited
Shed No. 5-105/4/A,
SY No.234/A, Sriram Industrial Area
Kattedan, Jalpally, Hyderabad – 500 077
Hyderabad, Telangana, 500077
The Srivari Spices And Foods Rights Issue 2024 opens on Tue, Sep 24, 2024, and closes on Thu, Oct 3, 2024.
Srivari Spices And Foods Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Mon, Sep 23, 2024 |
| Last Date for renunciation of Rights Entitlements | Fri, Sep 27, 2024 |
| Issue Opening Date | Tue, Sep 24, 2024 |
| Issue Closing Date | Thu, Oct 3, 2024 |
| Date of Allotment (on or about) | Fri, Oct 11, 2024 |
| Date of Credit (on or about) | Thu, Oct 17, 2024 |
| Date of Listing (on or about) | Tue, Oct 15, 2024 |
You can apply for Srivari Spices And Foods Rights Issue 2024 in two ways:
Steps to apply for Srivari Spices And Foods Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Srivari Spices And Foods Rights Issue 2024 using Registrar's website (R-WAP)
