The Indian stock market has welcomed another SME IPO this week with the launch of Shivashrit Foods Ltd. The company, a well-known manufacturer and exporter of potato flakes, is opening its ₹70.03 crore public issue for subscription. With growing exports, an established product line, and a cautiously optimistic grey market premium, retail traders are now asking: Is this IPO worth investing in?
📌 IPO Key Details at a Glance
- IPO Open Date: 22 August 2025 (Friday)
- IPO Close Date: 26 August 2025 (Tuesday)
- Issue Size: ₹70.03 crore
- Fresh Issue: ₹61.29 crore
- Offer for Sale (OFS): ₹8.75 crore
- Price Band: ₹135 – ₹142 per share
- Lot Size: 1,000 shares
- Minimum Retail Application: 2 lots (2,000 shares = approx. ₹2.70 lakh)
- Face Value: ₹10 per share
- Exchange: NSE SME Platform
- Listing Date: 1 September 2025
🏢 About Shivashrit Foods Ltd.
Shivashrit Foods Ltd., headquartered in Aligarh, Uttar Pradesh, is a specialized manufacturer of potato flakes. These flakes are widely used in ready-to-eat meals, packaged snacks, instant mixes, and processed foods.
🌍 Export Footprint
The company exports to 20+ countries including:
- United States
- Brazil
- Israel
- Mexico
- Indonesia
Its brands—“Shivashrit,” “Shreeaahar,” and “Flaker’s”—are gaining visibility in both domestic and international markets.
💰 Financial Performance
Shivashrit Foods has shown strong revenue growth, though profit margins remain stable.
- FY25 Revenue: ₹105.85 crore (+36% YoY)
- FY25 Profit After Tax (PAT): ₹12.06 crore (+4% YoY)
- Export Revenues contribute significantly, reducing dependence on domestic demand.
This indicates robust sales momentum but a relatively moderate growth in profitability.
🎯 IPO Objectives – Where Will the Funds Go?
The company plans to use the IPO proceeds for:
- Capital Expenditure (43%): Expansion of facilities, equipment purchases, and utility upgrades.
- Working Capital (31%): To strengthen day-to-day operations and improve liquidity.
- General Corporate Purposes (26%): Branding, marketing, and administrative costs.
This suggests Shivashrit is focusing on capacity expansion to cater to growing demand, especially from international markets.
📅 Important Dates
- IPO Opens: 22 August 2025
- IPO Closes: 26 August 2025
- Allotment Finalization: 28 August 2025
- Refunds Initiation: 29 August 2025
- Demat Credit: 29 August 2025
- Listing Date: 1 September 2025
⚖️ Market Outlook & Expert Take
- Strengths:
✅ Strong export presence across multiple geographies
✅ Expanding demand for processed foods and potato-based snacks
✅ Revenue growth indicates product acceptance - Risks:
⚠️ High minimum retail investment (₹2.7 lakh) could deter small investors
⚠️ Thin margins—profit growth lags revenue growth
⚠️ Day-1 subscription numbers show weak institutional interest
📢 Expert View
For long-term investors, Shivashrit Foods presents an opportunity in the growing FMCG and processed foods segment. However, cautious subscription levels and modest GMP suggest it may not deliver a massive listing pop. Retail investors should assess their risk appetite before applying.
📝 Final Verdict
Shivashrit Foods Ltd. IPO looks like a growth-oriented but cautious bet. While the company has strong export credentials and robust sales, the high ticket size and slow subscription could make it less attractive for short-term listing gains.
👉 If you’re a retail trader seeking long-term exposure in the food processing industry, this IPO can be considered.
👉 If you’re chasing quick listing profits, watch subscription trends before making a move.
Subscription
| Investor | 22 Aug 2025 | 25Aug 2025 | 26Aug 2025 |
|---|---|---|---|
| Anchor | 0 | ||
| QIB | 0.00 | ||
| Non-Institutional | 0.11 | ||
| BNII | 0.12 | ||
| SNII | 0.09 | ||
| Retail | 0.17 | ||
| Total | 0.11 |
GMP Trend:
| Date | GMP |
|---|---|
| 22 Aug 2025 | ₹13(09.15%) |
It should be noted that IPO GMP is subject to extreme volatility, so an investment decision based solely on Patel Retail IPO GMP will prove risky. Therefore, before to investing, consider all factors and make the right investment decision whether to invest in Patel Retail IPO or not.
How to Check IPO Allotment Status:
Maashitla Securites
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
NSE Website
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
BSE Webiste
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
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- ⚠️ IPO (Initial Public Offerings)
- IPO details, issue size, subscription data, and allotment status shared here are based on publicly available information from company filings, stock exchanges, and merchant bankers.
- Investing in IPOs carries risks including listing volatility, business uncertainties, and sector performance dependency.
- Neither acceptance of applications nor allotment guarantees profits. Investors should evaluate their risk appetite before subscribing.
- ⚠️ GMP (Grey Market Premium)
- Grey Market Premium (GMP) is an unofficial and unregulated indicator of expected IPO listing price.
- GMP data is collected from market observers and informal trading circles; it does not have any legal or SEBI recognition.
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