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Srivari Spices And Foods Limited Rights Issue (Srivari Spices And Foods Rights Issue 2024) Detail

September 24, 2024 - October 3, 2024
Srivari Spices And Foods Limited Logo

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.

Srivari Spices And Foods Rights Issue 2024 Detail

Issue Open September 24, 2024 - October 3, 2024
Security Name Srivari Spices And Foods Limited
Issue Size (Shares) 1,428,400
Issue Size (Amount) ₹25.00 Crores
Issue Price ₹175 per share
Face Value ₹10 per share
Listing At NSE
Terms of Payment

The full amount of the Issue Price, Rs 175 (including the Premium of Rs 165), will be payable on application.

Entitlement 1 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date

Srivari Spices And Foods Rights Issue 2024 Issue Timetable

Last Date to buy sharesSeptember 3, 2024
Record Date September 4, 2024
Credit of Rights Entitlements September 23, 2024
Bid/Offer Opens On September 24, 2024
Renunciation of Rights Entitlements September 27, 2024
Bid/Offer Closes On October 3, 2024
Deemed Date of Allotment October 11, 2024
Credit Date October 17, 2024
Listing Date October 15, 2024

Company Financials

Srivari Spices And Foods Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 2024
Assets54.86
Revenue78.29
Profit After Tax7.03
Net Worth23.99
Reserves and Surplus16.85
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the Net Proceeds to:

  1. Funding Capital Expenditure Towards Construction for Setting of a New Plant for Manufacturing and Storage of Edible Oil
  2. Repayment of Unsecured Loans,
  3. To augment the existing and incremental working capital requirement of the company; and
  4. General Corporate Purposes

Srivari Spices And Foods Rights Issue 2024 Subscription Status

Srivari Spices And Foods Rights Issue 2024 is subscribed 0.15 times as on September 26, 2024 5:01:06 PM. The total bid quantity received by NSE is 217,700 shares.

Srivari Spices And Foods Rights Issue 2024 Documents

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Company Contact Information

Srivari Spices And Foods Limited
Shed No. 5-105/4/A,
SY No.234/A, Sriram Industrial Area
Kattedan, Jalpally, Hyderabad � 500 077

Phone: 91737588899
Email: compliance@srivarispices.com
Website: https://www.srivarispices.com/

Srivari Spices And Foods Rights Issue 2024 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Srivari Spices And Foods Rights Issue 2024 Lead Manager(s)

Srivari Spices And Foods Rights Issue 2024 FAQs

The Srivari Spices And Foods Rights Issue 2024 opens on September 24, 2024, and closes on October 3, 2024.

Srivari Spices And Foods Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsSeptember 23, 2024
Last Date for renunciation of Rights EntitlementsSeptember 27, 2024
Issue Opening DateSeptember 24, 2024
Issue Closing DateOctober 3, 2024
Date of Allotment (on or about)October 11, 2024
Date of Credit (on or about)October 17, 2024
Date of Listing (on or about)October 15, 2024

Srivari Spices And Foods Rights Issue 2024 price is set at ₹175 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date (September 4, 2024).

The record date for the Srivari Spices And Foods Rights Issue 2024 is September 4, 2024.

The issue size of Srivari Spices And Foods Rights Issue 2024 is of 1,428,400 equity shares at ₹175 per share aggregating upto ₹25.00 Crores.

The Letter of Offer for Srivari Spices And Foods Rights Issue 2024 can be download here.

You can apply for Srivari Spices And Foods Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Srivari Spices And Foods Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Srivari Spices And Foods Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Srivari Spices And Foods Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Srivari Spices And Foods Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Srivari Spices And Foods Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

3 Comments

3. Subhash gupta   I Like It. |Report Abuse|  Link|September 9, 2024 10:45:19 PMReply
I have 3000/ share I can apply for 600 but lot size is 500
2. Mohit   I Like It. |Report Abuse|  Link|August 31, 2024 7:04:04 PMReply
What is benefit to purchase right issues ipo was less price
1. Abinash Kumar sahu   I Like It. |Report Abuse|  Link|August 30, 2024 12:17:13 PMReply
I have 1000 shares of SSFL.
As the ratio is 1:5 for right issue.
So can I apply for only 200 shares or can I apply for more than 200 shares
1.1. Girish   I Like It. |Report Abuse|  Link|August 30, 2024 5:15:08 PM
You can apply as much as you want but less or equal to issue size

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