Shivashrit Foods IPO
Open SmeCurrent GMP
₹1 (+0.70%)
Price Band
₹ 135 – 142
Lot Size
1000
Issue Size
₹70.03 Cr
Minimum Investment
₹284000 (2000 Shares)
Listing Date
01 September 2025
Subscription
2.96x
About the Company
Incorporated in August 2017, Shivashrit Foods Limited (SFL) is a prominent manufacturer, supplier, and exporter of premium-quality potato flakes. Operating from a fully automated processing facility in Aligarh, Uttar Pradesh, the company serves a broad spectrum of clients in the B2B and B2C segments, both in India and globally.
Manufacturing Excellence:
Shivashrit’s production facility, strategically located in a major potato-growing region, began operations with a daily capacity of 14.4 metric tons, which was doubled to 28.8 metric tons in July 2023. The plant is equipped with modern equipment for washing, peeling, blanching, cooking, mashing, and drum-drying, and includes in-house testing laboratories to ensure consistent product quality.
The company holds multiple quality and safety certifications, including:
- FSSAI
- ISO 22000:2018
- HALAL
- BRCGS (certified by Intertek – UKAS)
- USFDA
Product Portfolio:
Shivashrit produces high-grade potato flakes used in ready-to-eat meals, snacks, and processed food applications. These flakes are designed for long shelf life and superior texture, meeting the requirements of food manufacturers worldwide.
The company markets its products under three brands:
- Shivashrit
- Shreeaahar
- Flaker’s
Market Presence:
Domestically, SFL distributes across multiple states, including Madhya Pradesh, Uttarakhand, Maharashtra, Punjab, Gujarat, Haryana, Delhi, Rajasthan, Uttar Pradesh, West Bengal, and Bihar.
Internationally, its export footprint spans Argentina, Brazil, Chile, Dubai, Indonesia, Israel, Kuwait, Lebanon, Malaysia, Mexico, Turkey, Uruguay, USA, Kosovo, and Bangladesh.
Business Model & Growth:
Shivashrit sources 80–90% of its raw potatoes directly from farmers within a 200 km radius during the peak harvest season (December–March), enabling quality control and supply stability. This direct procurement model fosters strong relationships with the farming community and aligns with sustainable sourcing practices.
In December 2024, the company expanded into the B2C segment, launching retail operations under the Shreeaahar brand through its official website (www.shreeaahar.com) and leading e-commerce platforms.
Workforce:
As of June 2025, Shivashrit Foods employed 68 professionals, supporting operations across production, quality, logistics, and marketing.
Competitive Strengths:
- Experienced promoters and leadership team
- Efficient supply chain and strong farmer network
- Advanced processing technology and certified quality systems
- Strategic location with access to raw materials and government food processing incentives
- Expanding presence in both domestic and international markets
Promoters
- Mr. Prashant Singhal
- Mr. Nishant Singhal
- Mrs. Sunita Singhal
- Mr. Ramesh Chand Singhal
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.00%
Objects of the Issue
The Company Shivashrit Foods IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Capital Expenditure (“Expansion Project”)
- Working Capital Requirement for Expansion Project
- General Corporate Purpose
Address / Contact Info
Shivashrit Foods Limited
Gopal Ganj Sarai Lavaria ,
Aligarh, Uttar Pradesh, 202001
Phone: +91 571 3500346
Email: cs@shivashrit.com
Website: http://www.shivashritfoods.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 22 August 2025
IPO Close Date
Tuesday, 26 August 2025
Basis of Allotment
Thursday, 28 August 2025
Initiation of Refunds
Friday, 29 August 2025
Credit of Shares to Demat
Friday, 29 August 2025
Listing Date
Monday, 01 September 2025 — NSE & BSE
Important Dates
Open Date
22 August 2025
Close Date
26 August 2025
Basis Of Allotment
28 August 2025
Listing Date
01 September 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 108.78 | 83.07 | 48.48 |
| Revenue | 105.85 | 77.55 | 45.61 |
| Profit After Tax | 12.06 | 11.61 | 1.52 |
| Net Worth | 34.6 | 22.54 | 10.93 |
| Reserve & Surplus | 20.64 | 17.89 | 6.28 |
| Total Borrowings | 47.96 | 36.97 | 22.67 |
EPS Pre
8.64%
EPS Post
6.60%
P/E Pre
16.44
P/E (Post Issue)
21.52x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 42 | 69 | 15 |
| ROCE % | 42.73 | 44.89 | 12.02 |
| Debt / Equity | 1.39 | 1.64 | 2.07 |
| RoNW % | 34.85 | 51.52 | 13.87 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 11.51 | 15.24 | 3.34 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 936000 | 28.53 | 0 |
| Non-Institutional | 705000 | 21.49 | 0 |
| BNII | 470000 | 14.32 | 0 |
| SNII | 235000 | 7.16 | 0 |
| Retail Investors | 1640000 | 48.98 | 0 |
| Total | 3281000 | 100 | 0 |
Subscription Status ( Tue, 26 Aug 25 01:58 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 936000 | 1486000 | 1.59x |
| Non-Institutional | 705000 | 3888000 | 5.51x |
| BNII | 470000 | 3246000 | 6.91x |
| SNII | 235000 | 642000 | 2.73x |
| Retail Investors | 1640000 | 4352000 | 2.65x |
| Total | 3281000 | 9726000 | 2.96x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| 0 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | 284,000.00 |
| Retail (Max) | 2 | 2,000 | 284,000.00 |
| S-HNI (Min) | 3 | 3,000 | 426,000.00 |
| S-HNI (Max) | 7 | 7,000 | 994,000.00 |
| B-HNI (Min) | 8 | 8,000 | 1,136,000.00 |
Registrar
Maashitla Securities Pvt. Limited
011-45121795-96
investor.ipo@maashitla.com
https://www.maashitla.com
Book Running Lead Managers
- Mark Corporate Advisors Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Shivashrit Foods IPO is a Book-building IPO worth ₹70.03 crores. The price band is ₹135 to 142 per share. The IPO opens on Fri, Aug 22, 2025 and closes on Tue, Aug 26, 2025. It will be listed on BSE and NSE. Maashitla Securities Pvt. Limited is the registrar.
The Shivashrit Foods IPO opens on Fri, Aug 22, 2025 and closes on Tue, Aug 26, 2025
Shivashrit Foods IPO Price Band is ₹135 to 142.
Shivashrit Foods IPO lot size is 1000, and the minimum amount required for application is ₹284000.
The minimum investment for Shivashrit Foods IPO is approximately ₹284000 based on the upper price band.
To apply for the Shivashrit Foods IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Aug 26, 2025. After submission, funds are blocked until the basis of allotment of Shivashrit Foods IPO is finalised.
Shivashrit Foods IPO issue size is ₹70.03 crores.
Shivashrit Foods IPO allotment date is Sat, Jun 27, 2026.
The registrar for Shivashrit Foods IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website for IPO allotment status, refund processing, and other queries related to Shivashrit Foods IPO through their official website or helpline.
The Shivashrit Foods IPO GMP (Grey Market Premium) is ₹1 as of Mon, Sep 1, 2025. Based on the upper price band of ₹142 per share, the estimated Shivashrit Foods IPO listing price is ₹143, indicating a potential listing gain of approximately 31% over the issue price.