Shivashrit Foods Ltd IPO
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Shivashrit Foods Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 49.32 L | ₹ 6.16 L | TBA | ₹ 139.53 L | NSE | ₹ 70.03 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 22 Aug, 25 | 26 Aug, 25 | 1000 | ₹ 1,35,000 | Book Building - SME | 01 Sep, 25 |
Shivashrit Foods Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Food - Processing - Indian |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 4932000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Shivashrit Foods Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 17.58 | 3.66 | 3.97 |
| EBITDA | 21.75 | 5.75 | 6.51 |
| PAT | 11.61 | 1.52 | 0.60 |
| Total Assets | 56.96 | 37.59 | 24.40 |
| Share Capital | 4.65 | 4.65 | 4.65 |
| Total Borrowings | 50.22 | 26.38 | 19.70 |
| Operating Activities (Net Cash) | 15.78 | 3.61 | 3.14 |
| Investing Activities (Net Cash) | 0.47 | -0.17 | 0.30 |
| Financing Activities (Net Cash) | 50.22 | 26.38 | 19.70 |
| Net Cashflow | 0.40 | 1.07 | 0.16 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Shivashrit Foods Ltd
Our Company was incorporated as Shivashrit Foods Private Limited, on August 23, 2017, a private limited company under the Companies Act, 2013 pursuant to a certificate of incorporation granted by the Registrar of Companies, Kanpur at Uttar Pradesh (RoC or Registrar of Companies). Upon the conversion of our Company into a public limited company, pursuant to resolution passed by our Board of Directors on July 10,2024 and a special resolution passed by our Shareholders on August 5, 2024, the name of our Company was changed to Shivashrit Foods Limited and a fresh certificate of incorporation dated October 4, 2024, having CIN number U15490UP2017PLC096223.
India is the fifth largest economy in the world and expected to be the fastest-growing economy among major G20 countries, with GDP growth estimated to be around 8% in FY24. The food processing sector has become a key contributor to India's economy over the past few years, thanks to progressive policy measures by the Ministry of Food Processing Industries (MoFPI). The sector has performed exceptionally well with an impressive average annual growth rate of 7.3% from 2015 to 2022. It has significantly contributed to Gross Domestic Product (GDP), employment, and investment, accounting for 10.54% of Gross Value Added (GVA) in Manufacturing and 11.57% in Agriculture sector in 2020-21. GVA in Food Processing sector has increased from Rs. 1.61 lakh crore (US$ 24.60 billion) in 2015-16 to Rs. 1.92 lakh crore (US$ 24.43 billion) in 2022-23 (as per First Revised Estimates of Ministry of Statistics and Programme Implementation). India's diverse agro-climatic conditions allow for abundant production of cereals, pulses, fruits, and vegetables, making it a leading producer of various foods. India was a global leader in milk production contributing ~25% to global milk production, in 2022-23. The country ranked second in vegetables and fruits and egg production and fifth in meat production, respectively, in 2022-23. Additionally, India is the largest producer of spices in the world, with 11.26 million tonnes of major spices produced in 2022-23, as per the third advanced estimate by spices board of India. The food processing industry in India is still in its early stages, contributing less than 10% to the total food output. According to a Deloitte study on Level of Food Processing in India, processing levels were at 2.7% for vegetables, 4.5% for fruits, 15.4% for fishery, 21.1% for milk, and 34.2% for meat in 2020-21. A strong food processing industry is essential for our nation to tackle food and nutritional security issues. Processed food offers convenience, extended shelf life, easy transport to remote areas, and improved accessibility, serving as a valuable source of nourishment. Additionally, it offers our farmers increased opportunities for better price realization and expanded selling prospects.
Our company is manufacturer, supplier and exporter of Potato Flakes. Our Company has a dedicated potato processing and manufacturing facility at Aligarh in Western Uttar Pradesh, India for production of potato flakes. We specializes in manufacturing of premium-grade potato flakes, used in ready-to-eat meals, snack foods, and processed food products. Our product's portfolio is designed to cater to the specific requirements of both global and domestic food manufacturers, offering consistency in quality and a long shelf life.
Shivashrit Foods Ltd IPO Key Points
Strengths
- Experienced Promoters and Management Team.
- Support of efficient supply-chain enable us to have long-standing and deep customer relationships.
- Manufacturing Facility.
- Strategic location for potato procurement process and storage. We have also accrued benefits from the Central and State government policies, incentives and subsidies for setting up a food processing unit in Aligarh.
Risk
- We derive a significant portion of our revenue from operations from domestic sales which exposes us to risks specific to Indian geographies and market.
- Our Company derive revenue from diversified customers. Our inability to acquire new customers or loss of all or a substantial portion to any of our major customers, for any reason and/or continued reduction of the business from them, could have a material adverse impact on our business, results of operations, cash flows and financial condition.
- Our Company is dependent on limited number of suppliers for supply of raw materials and we have not made any long-term supply arrangement or agreement with our suppliers. In an eventuality where our suppliers are unable to deliver us the required materials, at a competitive price, in a time-bound manner it may have a material adverse effect on our business operations and profitability. The majority of our raw materials are sourced from few key suppliers. Discontinuation of the operations of such suppliers may adversely affect our ability to source raw materials at a competitive price.
Strategy
- Expansion with a new plant setup in the existing facility.
- B2C Segment launch and enhancement of brand visibility.
- Establishing strong customer relationships including the global footprint
- Strengthening long-term supplier relationships and procurement processes.
- Tapping increasing demand for ready to eat category, wide range of applications and untapped retail market in India.
- Experienced Promoters and Management Team.
- Support of efficient supply-chain enable us to have long-standing and deep customer relationships.
- Manufacturing Facility.
- Strategic location for potato procurement process and storage. We have also accrued benefits from the Central and State government policies, incentives and subsidies for setting up a food processing unit in Aligarh.
How To Apply for Shivashrit Foods Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
