Shivashrit Foods IPO

Shivashrit Foods Limited is an SME book-building IPO that will be listed on NSE Emerge. Subscriptions will be accepted from August 22 to August 26, 2025, and the issue will go on sale on September 1, 2025. The entire issue size is ₹70.03 crore, which includes an offer for sale of 6,16,000 shares for approximately ₹8.75 crore and a fresh issuance of roughly ₹61.29 crore (43,16,000 shares). The lot size is 1,000 shares, the application size at minimum retail is 2 lots (2,000 shares); this implied minimum investment is ₹2.84 lakh at the upper band. Asnani Stock Broker is the designated market maker, Maashitla Securities is the registrant and Mark Corporate Advisors is the book-running lead manager.

Company Background

Shivashrit Foods is an Aligarh, Uttar Pradesh-based food processing firm specializing in making and supplying potato flakes, which are used by B2B food makers abroad and by institutional clients inside India. As a specialist in FMCG ingredients, the company's marketing proposition focuses on guaranteeing quality, shelf stability and conformity with standard specifications, things which are demanded in snacks, bakery goods, instant foods and related processed categories. Its finances showed total revenue of ₹45.61 crore for FY23, ₹77.55 crore in FY24 and ₹105.85 crore in FY25; PAT was ₹1.52 crore for FY23, ₹11.61 crore in FY24 and ₹12.06 crore in FY25.

Operations & Product Range

Facility & Production

The Shivashrit Foods IPO’s operations consist of converting raw potatoes into potato flakes at various stages using synchronized processes which include sourcing, cleaning, boiling, crushing, mashing, drying and flaking. This long process controls the moisture, granule size of industrial ingredients. Throughout the year, production planning ultimately has to synchronize with the cycles of institutional demand as well as dates fixed for exports. The necessary process control and machinery are designed for these institutional buyers to meet food-grade standards.

Brands & Market Presence

Shivashrit Foods IPO not only aims to be a brand of domestically turned ingredients for food processing, but also for international industrial buyers. Its marketing environment is characterized by long-term repeat institutional relationships with customers, strict fulfillment of specifications and dependable supply. The core product line features a wide range of large particle potato flakes adapted by specification for use in snacks, baking, instant meals and other processed food applications.

Revenue Channels

• Domestic B2B sale of potato flakes is characterized by food and snack producers as its main customers.
• Export sales are mainly made to international buyers and dealers.
• Repeat orders of quality and supply reliability, brought by friends, earn interest in the project.

Management & Shareholding

Promoters & Shareholding

The founders and proprietors of Shivashrit Foods IPO include Prashant Singhal, Nishant Singhal, Sunita Singhal, and Ramesh Chand Singhal. The IPO structure includes a Fresh Issue (₹61.29 crore) and an OFS (6,16,000 shares, ₹8.75 crore), implying post-issue dilution for promoter/promoter group and partial liquidity to selling shareholders through OFS.

Board Members

Mark Corporate Advisors operates as the primary book-running manager, while Maashitla Securities acts as the registrar; the specified market maker is Asnani Stock Broker.