Srivari Spices And Foods Limited Right Issue

₹25.00 Cr NSE 24 Sep 2024 – 3 Oct 2024

Closed Ratio: 1 : 5 NSE
HomeRight Issue › Srivari Spices And Foods Limited
← Back to List
Issue Price
₹175.00
Face Value
₹10.00
Issue Size (Shares)
1,428,400
Issue Size (₹ Cr.)
₹25.00
📅 Right Issue Timetable
Last Date to Buy SharesTue, Sep 3, 2024
Record DateWed, Sep 4, 2024
Credit of Rights EntitlementsMon, Sep 23, 2024
Bid/Offer Opens OnTue, Sep 24, 2024
Issue Open DateTue, Sep 24, 2024
Renunciation Last DateFri, Sep 27, 2024
Bid/Offer Closes OnThu, Oct 3, 2024
Issue Close DateThu, Oct 3, 2024
Deemed Date of AllotmentFri, Oct 11, 2024
Credit DateThu, Oct 17, 2024
Listing DateTue, Oct 15, 2024
📋 Right Issue Details
Issue Size (Shares)1,428,400
Issue Size (Amount)₹25.00 Cr.
Issue Price₹175.00 per share
Face Value₹10.00 per share
Entitlement Ratio1 : 5
Listing AtNSE
Terms of PaymentThe full amount of the Issue Price, Rs 175 (including the Premium of Rs 165), will be payable on application.
📊 Company Financials (Restated)
Period Ended2024-03-31FY IIFY I
Income78.29
EBITDA
Net Worth23.99
Reserves & Surplus16.85

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Funding Capital Expenditure Towards Construction for Setting of a New Plant for Manufacturing and Storage of Edible Oil
2Repayment of Unsecured Loans,
3To augment the existing and incremental working capital requirement of the company; and
🏢 About the Company
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.
📞 Company Contact
CompanySrivari Spices And Foods Limited
AddressShed No. 5-105/4/A,
SY No.234/A, Sriram Industrial Area
Kattedan, Jalpally, Hyderabad – 500 077
Hyderabad, Telangana, 500077
Phone91737588899
Emailcompliance@srivarispices.com
WebsiteVisit ↗
📝 Registrar
NameBigshare Services Pvt.Ltd.
Phone8657578989/8069219065/8069219060
Emailrightsissue@bigshareonline.com
WebsiteVisit ↗