Uttar Pradesh-based potato flakes manufacturer Shivashrit Foods is set to launch its maiden public issue on August 22, with subscriptions open until August 26. The anchor book for institutional investors will open a day earlier on August 21.
The IPO price band has been fixed at ₹135–142 per share, through which the company aims to raise up to ₹70.03 crore by offering 49.32 lakh shares. The issue comprises a fresh issue of 43.16 lakh shares and an offer-for-sale of 6.16 lakh shares by the promoter.
Proceeds from the fresh issue will be allocated towards an expansion project (₹26.3 crore), working capital (₹19 crore), and general corporate purposes.
Founded in 2017, Shivashrit Foods manufactures potato flakes, widely used in snack foods, processed foods, and ready-to-eat meals. Its production facility in Aligarh, Uttar Pradesh, has a daily installed capacity of 28.8 metric tonnes.
On the financial front, the company reported a net profit of ₹12 crore in FY25, up 3.8% year-on-year, while revenue grew 37.4% to ₹104.7 crore, compared to ₹76.2 crore in the previous year.
Mark Corporate Advisors is the sole merchant banker to the issue.
Disclaimer: This report is for informational purposes only and is not investment advice. Stock market investments are subject to risks. Please consult a certified financial advisor before making any investment decisions.
