Current Infraprojects IPO...
20 Aug, 2025
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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Shivashrit Foods IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Shivashrit Foods IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 22, 2025 to August 26, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹135 to ₹142 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 49,32,000 shares (aggregating up to ₹70.03 Cr) |
| Reserved for Market Maker | 2,48,000 shares (aggregating up to ₹3.52 Cr) Asnani Stock Broker Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 40,68,000 shares (aggregating up to ₹57.77 Cr) |
| Offer for Sale | 6,16,000 shares of ₹10 (aggregating up to ₹8.75 Cr) |
| Net Offered to Public | 46,84,000 shares (aggregating up to ₹66.51 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,39,53,000 shares |
| Share Holding Post Issue | 1,82,69,000 shares |
Shivashrit Foods IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Fri, Aug 22, 2025 |
| IPO Close Date | Tue, Aug 26, 2025 |
| Tentative Allotment | Thu, Aug 28, 2025 |
| Initiation of Refunds | Fri, Aug 29, 2025 |
| Credit of Shares to Demat | Fri, Aug 29, 2025 |
| Tentative Listing Date | Mon, Sep 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 26, 2025 |
Shivashrit Foods IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,84,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,84,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,26,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,94,000 |
| B-HNI (Min) | 8 | 8,000 | ₹11,36,000 |
Shivashrit Foods IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | - |
Competitive Strength:
- ● Focused specialty in potato flakes as an added value B2B food ingredient.
- ● Export presence provides multiple demand channels alongside home FMCG ones.
- ● Institutional, repeat-order relationships driven by quality, uniform product specs and supply reliability.
- ● SME IPO on NSE Emerge using established intermediaries for execution and post-listing operations.
Shivashrit Foods IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 108.78 | 105.85 | 12.06 | 34.6 | 47.96 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 83 | 78 | 12 | 23 | 36.97 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 48.48 | 45.61 | 1.52 | 10.93 | 22.67 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 42% |
| ROCE | 42.73% |
| Debt/Equity | 1.39 |
| RoNW | 34.85% |
| PAT Margin | 11.51% |
| EBITDA Margin | 22.06% |
| Price to Book Value | 1.91 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.64 | 7 |
| P/E (x) | 16.44 | 22 |
Objectives of Shivashrit Foods IPO
The company will utilize Fresh Issue proceeds towards
- Working capital, capacity/process enhancement
- For general corporate purposes
- OFS proceeds accrue to selling shareholders and not to the company
Conclusion
The B2B ingredient niche of potato flakes brought by this company, Shivashrit Foods, caters to both domestic and export markets. In such markets where standardized specifications and reliable supplies are essential. The Shivashrit Foods IPO reflects not only the company’s focused fundamentals in B2B food ingredients but also the solid growth potential of India’s processed and convenience foods ecosystem. With a hands-on promoter group, improving financial performance and a growing domestic and export footprint, the IPO offers investors an opportunity to participate in the expanding value-added food processing space in India.
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Frequently asked Questions (FAQs )
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● What are the Shivashrit Foods IPO dates and market timeline?
The IPO starts on 22 Aug 2025 and ends on 26 Aug 2025; allotment occurs on 28 Aug, refunds/credits on 29 Aug, and listing happens on 1 Sep 2025.
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● What is the total issue size and break-up between Fresh Issue and OFS?
The overall issue size is ₹70.03 crore, consisting of a Fresh Issue of approximately ₹61.29 crore (43,16,000 shares) and an OFS of 6,16,000 shares (around ₹8.75 crore).
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● Who are the Shivashrit Foods IPO intermediaries?
The registrant is Maashitla Securities, Asnani Stock Broker serves as the market maker, and Mark Corporate Advisors is the book-running lead manager.
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● Who are the promoters of Shivashrit Foods IPO?
The promoters include Prashant Singhal, Nishant Singhal, Sunita Singhal, and Ramesh Chand Singhal.
