IPO Alert : Srivari Spices And Foods Limited (Srivari Spices And Foods Limited IPO), a company that manufactures spices and flour, has opened its initial public offering today. A total of 2,142,000 shares have been issued as fresh issue to raise funds of 9 crores.
The IPO has been subscribed 1.34 times till 11:16 am on August 7. The retail category was subscribed 2.56 times and the NII category was subscribed 0.25 times. Investors can place bets till August 9.
Price Band and Lot Size
The price band of the IPO is Rs 40 to Rs 42. The lot size is 3000 shares, worth Rs 126,000. The listing platform is NSE and SME. The company has reserved 28.29% for Anchor Investors, 5.04% for Market Makers, 19.05% for QIBs, 14.29% for NII and 33.33% for Retail.
important dates
The issue will be alloted on August 14. The process of refunds will start on August 16. The listing will happen on 18 August.
Purpose of IPO
The company will use the proceeds raised from the IPO to finance working capital requirements and meet general corporate objectives.
About Promoter and Registrar
Rathi Narayan Das and Niha Rathi are the promoters of the company. GYR Capital Advisors Private Limited is the Lead Manager. Whereas BigShare Services Pvt. Ltd. is the Registrar.
