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22 August 2023

Srivari Spices and Foods Limited IPO: Adding Flavour to Your Investment Portfolio

Introduction:

Established in 2019, Srivari Spices and Foods Limited has quickly become a significant player in the manufacturing of spices and flour (chakki atta). This India-based company operates primarily in Telangana and Andhra Pradesh, offering a range of high-quality organic products.

Diverse Product Categories:

Srivari Spices and Foods specializes in spices, masala, and atta. With a commitment to using natural ingredients and avoiding artificial preservatives, the company produces a diverse array of spice products that are distributed to over 3000 retail outlets. Moreover, their whole wheat and sharbati atta are supplied to more than 15000 outlets in the region.

Quality and Sustainability:

The company sources raw materials from various parts of the country and processes them meticulously to create organic products. With an emphasis on freshness and goodness, Srivari Spices and Foods ensures that their products are free from artificial additives.

Business Models:

Srivari Spices and Foods utilizes two business models to deliver its products:

- Direct to the customer (D2C)
- Business to business (B2B)

Recognitions and Achievements:

In 2021, the company received recognition as the "Best Emerging Spices Brand 2021" by Business Mint, a testament to its dedication to quality and excellence. Srivari Spices and Foods operates through two manufacturing facilities, both in Ranga Reddy District, Telangana.

IPO Insights:

Srivari Spices and Foods is now set to mark a new chapter in its journey with its Initial Public Offering (IPO). The IPO comprises a total issue size of Rs. 9.00 Crores, with a price range of Rs. 40 to Rs. 42 per share. The company's shares will be listed on NSE SME.

Financial Highlights

The company's financial performance showcases its growth potential:

Financial Year Ended	Assets (₹ Lakhs)	Revenue (₹ Lakhs)	Profit After Tax (₹ Lakhs)	Net Worth (₹ Lakhs)
31-Mar-20	235.88	19.05	-10.69	177.54
31-Mar-21	627.38	1139.90	35.26	426.91
31-Mar-22	1067.62	1764.21	72.84	499.75
31-Mar-23	2568.13	3582.01	312.61	910.02

Expert Opinion:

While Srivari Spices and Foods operates in a competitive sector, its remarkable growth in FY23, along with its management's plans to launch premium products, indicates promising trends. Considering its reasonable IPO pricing based on FY23 performance, investors may consider participating with a medium to long-term perspective.

Conclusion:

Srivari Spices and Foods Limited's IPO presents an opportunity for investors to add a flavor of growth to their portfolio. As the company continues to explore its potential, potential investors are encouraged to explore the comprehensive information provided here and make informed investment decisions.

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