Shivashrit Foods Limited
Bookbuilding IPO · NSE
- Price band
- ₹135 - ₹142
- Lot size
- 1,000 shares
- Issue amount
- ₹70.03 cr
- Total subscription
- 2.96×
- Opens
- 22 Aug 2025
- Closes
- 26 Aug 2025
- Allotment
- 28 Aug 2025
- Listing
- 1 Sept 2025
Offer at a glance
Issue overview
- Issue size
- 49,32,000 shares
- Face value
- 0
- Minimum investment
- ₹1,35,000
- Fresh issue
- ₹61.29 cr
- Offer for sale
- ₹8.74 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,42,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,39,53,000
- Shares after issue
- 1,82,69,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,000 | ₹2,84,000 |
| sHNI | 3 | 3,000 | ₹4,26,000 |
| bHNI | 8 | 8,000 | ₹11,36,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 9 |
| NIB | 0 | 394 |
| RETAIL | 820 | 2,176 |
| HNIs(10L +) | 157 | 193 |
| HNIs (2-10L) | 78 | 201 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 13.29 | 21.1 |
| RETAIL | 23.29 | 61.8 |
| HNIs 2+ | 3.34 | 9.12 |
| HNIs 10+ | 6.67 | 46.09 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 8.64 | 24.97 | 3.26 |
| ROE | 42.73 | 44.89 | 12.02 |
| ROCE | 0 | 0 | 0 |
| RONW | 34.85 | 51.52 | 13.87 |
| PRE IPO(PE) | 16.44 | 0 | 0 |
| POST IPO(PE) | 21.52 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
The company was incorporated in August 2017 and is engaged in manufacturing, supplying, and exporting premium potato flakes. Its manufacturing facility is located in Aligarh, Uttar Pradesh, where it produces potato flakes used in ready-to-eat meals, snacks, and processed foods. The facility holds certifications such as FSSAI, ISO 22000:2018, HALAL, BRCGS (Intertek, UKAS certified), and USFDA. The product portfolio focuses on premium-quality potato flakes that ensure consistency and long shelf life, marketed under three brands—“Shivashrit,” “Shreeaahar,” and “Flaker’s.” Domestically, the company has a strong presence across several states including Madhya Pradesh, Uttarakhand, Maharashtra, Punjab, Gujarat, Haryana, Delhi, Rajasthan, Uttar Pradesh, West Bengal, and Bihar. Internationally, it exports to a wide range of countries such as Argentina, Brazil, Chile, Dubai, Indonesia, Israel, Kuwait, Lebanon, Malaysia, Mexico, Turkey, Uruguay, the USA, Kosovo, and Bangladesh. As of March 1, 2025, the company employs 61 personnel, including 18 on a contract basis.
Strengths
- Leadership Expertise: The company is guided by promoters and directors, Mr. Prashant Singhal and Mr. Nishant Singhal, who possess over 15 years of expertise in potato flake production.
- Robust Supply Chain: An end-to-end supply chain covering procurement of raw materials, storage, production, quality testing, packaging, and delivery helps the company maintain long-term and reliable customer relationships.
- Location Advantage: The manufacturing facility in Aligarh is strategically positioned near major potato-producing regions and urban centers, ensuring cost efficiency, consistent supply, and benefits from supportive government policies.
Risk factors
- Customer Concentration: Dependence on a few major customers means that any loss of business or reduction in orders could significantly impact revenue, cash flows, and overall financial performance.
- Supplier Reliance: Heavy reliance on a limited set of suppliers without long-term contracts poses a risk of disruptions in raw material availability, which can affect operations and profitability.
- Raw Material Volatility: Fluctuations in raw material prices or shortages in supply may influence product pricing, disrupt supply consistency, and weaken financial stability.
Promoters
Mr. Prashant Singhal
Mr. Nishant Singhal
Mrs. Sunita Singhal
Mr. Ramesh Chand Singhal
Registrar & documents
Lead manager
Mark Corporate Advisors Private Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Gopal Ganj Sarai Lavaria , Aligarh, Uttar Pradesh, 202001
+91 571 3500346
[email protected]Company website ↗Understanding SHIVASHRIT IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.