Srivari Spices & Foods Ltd
Registered Office:
# 5-105/4/A, SY # 234/A Sriram,Indus Area Kattedan Jalpally,
Hyderabad
-
500077,
Telangana, India.
Initial public issue of 21,42,000 equity shares of face value of (Rs) 10/- each ("Equity Shares") of Srivari Spices and Foods Limited (the "Company" or "Srivari" or "Issuer") at an issue price of 42 per equity share (including a share premium of (Rs) 32 per equity share) for cash, aggregating up to
(Rs) 9.00 crores* ("Public Issue") out of which 1,08,000 equity shares of face value of (Rs) 10/- each, at an issue price of (Rs) 42 per equity share for cash, aggregating (Rs) 0.46 crores was reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 20,34,000 equity shares of face value of (Rs) 10/- each, at an issue price of (Rs) 42 per equity share for cash, aggregating up to (Rs) 8.54 crores* is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 29.99 % and 28.48 % respectively of the post-issue paid-up equity share capital of the company.
*Subject to finalization of basis of allotment
The face value of the equity share is (Rs) 10 and offer price is (Rs) 42.
The offer price is 4.2 times of the face value of the equity share.
Opens On
Closes On
Application
Allotment
07-Aug-23
09-Aug-23
42.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
3000
Further Multiples of :
3000
(Rs.Cr)
Lead Managers to the Issue
Project Financed through Current Offer
9.00
Post Issue Equity Share Capital
7.14
Funding the working capital requirements of the company
General corporate purposes
Rathi Narayan Das
Neihaa Rathi