Srivari Spices and Foods Limited

LISTED

SME IPO · IPO Guide

Issue Price
₹40 – ₹42
Listed On
18 Aug 2023
Listing Price
₹105.05 (+150.12%)
Current Price LIVE
₹105.05 (+150.12%)
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Lot Size Calculator

Application Lots Shares Amount
Retail (Min) 1 3,000 ₹1,26,000
Retail (Max) 2 6,000 ₹2,52,000
S-HNI (Min) 3 9,000 ₹3,78,000
S-HNI (Max) 7 21,000 ₹8,82,000
B-HNI (Min) 8 24,000 ₹10,08,000

As per financials, Srivari Spices And Foods Limited has shown good results, RoNW is 34.35% and P/E is respectively 41.20 and 9.60 as per FY22 and FY23 earnings, so as per FY22, issue is fully priced and as per FY23, reasonably priced. Sudden rise in net-profit is very surprising and it may be difficult to maintain same margin in future. Company is in business of manufacturing spices and floor (chakki atta), which is a highly fragmented and competitive segment. Performance of BRLM is good. So we are giving NEUTRAL rating to this SME IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

✅ Check Your SME IPO Allotment Result

Direct link to registrar — query by PAN / Application No. / DP Client ID.

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

💬 Community Discussion

18 Comments
  • J
    JATIN NAVNIT BHAI MONANI 18 Aug 2023, 23:51
    UNACCEPTABLE LISTING !
  • P
    Priyanshu 18 Aug 2023, 09:54
    what a great listing congratulations to all allottees! :)
  • I
    IPO Guide 17 Aug 2023, 16:36
    yes and listing is tomorrow
  • P
    Priyanshu 17 Aug 2023, 14:57
    @latest gmp 25-27
  • S
    Sanjay Kumar 16 Aug 2023, 10:30
    kindly revert pls
  • S
    Sanjay Kumar 16 Aug 2023, 07:24
    allotment aa gaya kya
  • S
    Sheetal 15 Aug 2023, 09:18
    0/1
  • R
    Rajveersinh Chauhan 13 Aug 2023, 17:30
    second msg posted by mistake
  • R
    Rajveersinh Chauhan 13 Aug 2023, 17:30
    And yes sab ki ek ek application mein lagne ke chances kam ho jaate honge
  • R
    Rajveersinh Chauhan 13 Aug 2023, 17:29
    even regular wale ipo bhi nahi lag rahe hain….Any specific reason
  • R
    Rajveersinh Chauhan 13 Aug 2023, 17:28
    Guruji Yeh SME IPO lagte kyo nahi hai continuosly koi bhi ipo nahi lag raha hai
  • I
    IPO Guide 09 Aug 2023, 17:02
    yes tick it
  • M
    manish 09 Aug 2023, 16:56
    cut off box tick or not tick in sme ipo guruji
  • S
    Sheetal 09 Aug 2023, 10:23
    applied
  • R
    Rajveersinh Chauhan 08 Aug 2023, 14:26
    1.23 QIBs, 15.32 NIIs, 45.34 RIIs Total 26.30 Times Subscibed
  • I
    IPO Guide 08 Aug 2023, 14:25
    yeah subscription is also good. But well informed investors may look to subscribe for this sme IPO.
  • R
    Rajveersinh Chauhan 08 Aug 2023, 14:24
    17-20 (40%) per share
  • B
    bharat 07 Aug 2023, 20:29
    gmp

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