Srivari Spices Rights Issue is scheduled on 15 – 29 April 2024
Incorporated in 2019, Srivari Spices and Foods is engaged in manufacturing spices and flour (chakki atta) and marketing & selling them in and around Telangana and Andhra Pradesh. It handpicks raw materials from various parts of the country and processes the products with utmost care without using artificial preservatives or chemicals, thereby creating a product portfolio of organic spices and flour, which carry the freshness and goodness of each ingredient.
The company’s business has two models – first is direct to customer (“D2C”) in nature, wherein it delivers the products directly to the doorstep of its customers using approximately 15,000 retail stores. Secondly, it also works in business-to-business (“B2B’’), wherein it delivers the products to the suppliers.
Srivari Spices and Foods operates from two manufacturing units located in Telangana namely, Unit – I situated at 234/5, Jalpally Village, Balapur Mandal, Jalpally Municipality, Ranga Reddy District, Telangana, and Unit – II situated at Raikal Village, Farooqnagar Mandal, Ranga Reddy District, Telangana, respectively.
Srivari Spices Rights Issue Details
| Srivari Spices Rights Issue Date | 24 September – 3 October 2024 |
| Srivari Spices Rights Issue Price | INR 175 per share |
| Issue Size (in Shares) | 14,28,400 shares |
| Issue Size (in INR) | INR 25 crore |
| Issue Entitlement | 1 equity shares for every 5 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Srivari Spices Rights Issue Record Date | 4 September 2024 |
| Face Value | INR 10 per share |
| Listing On | NSE |
Srivari Spices Rights Issue Calculation
| Srivari Spices Rights Issue Price | INR 175 per share |
| Market Price on Rights Issue Approval | INR 303.55 per share |
| Dilution Factor (X) | 1.20 |
| Fair Value After Dilution at Prevailing Price | INR 282.13 per share |
Srivari Spices Financial Performance
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 1,139.90 | 1,764.21 | 3,582.01 | 7,828.33 |
| Expenses | 1,092.23 | 1,663.09 | 3,149.17 | 6,825.33 |
| Net income | 35.27 | 72.84 | 312.61 | 703.41 |
Figures in INR Lakhs unless specified otherwise
Srivari Spices Rights Offer Objectives
The net proceeds from the offer are proposed to be used for the following objective
Srivari Spices Rights Offer Documents
Srivari Spices Rights Issue Dates
| Rights Issue Approval Date | 29 August 2024 |
| Rights Issue Record Date | 4 September 2024 |
| Credit of Rights Entitlement | |
| Rights Issue Opening Date | 24 September 2024 |
| Last Date for Market Renunciation | |
| Rights Issue Closing Date | 3 October 2024 |
| Finalization of Basis of Allotment | |
| Rights Allotment Date | |
| Credit Date | |
| Listing Date |
Srivari Spices Rights Offer Lead Manager
Coming soon
Srivari Spices Rights Offer Registrar
Coming soon
SRIVARI SPICES AND FOODS LIMITED
4-1-875, 876, 877 and 877/1, RDB Blue Hope,
Tilak Road, Abids, Hyderabad- 500 001, Telangana
Phone: +91 40 3576 8663
E-mail: [email protected]
Website: www.srivarispices.com
Srivari Spices Rights Offer FAQs
What is the Srivari Spices Rights Issue Price?
The issue price is INR 175 per share.
What is the Srivari Spices Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 5 Equity Shares held on the record date.
What is the Srivari Spices Rights Issue Record Date?
The Record date is 4 September 2024.
How to Apply in Srivari Spices Rights Offer?
The best way to apply in Srivari Spices Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
