Shivashrit Foods IPO: Price, GMP, Analysis, And Details

Shivashrit Foods IPO- Company Analysis 

Shivashrit Foods IPO under the SME IPO category is a bookbuilding issue of Rs. 70.03 Cr by Shivashrit Foods & Insulators Ltd, which was incorporated in 2017 and is in the production, distribution, and export of potato flakes.

The company has a potato processing plant in Aligarh, Uttar Pradesh and produces high-quality potato flakes for processed foods, snacks, and ready-to-eat meals. With a long shelf life and constant quality, our range serves both domestic and international food makers.

The FSSAI, ISO 22000:2018, HALAL, BRCGS from Intertek (UKAS certified), and USFDA have all certified the company's manufacturing facility in Aligarh, Uttar Pradesh.

The business sells its goods under three brand names, including "Flaker's," "Shivashrit," and "Shreeaahar."

Shivashrit Foods IPO Details

The Shivashrit Foods IPO date is on 22 August 2025, and its initial public offering will end on 26 Aug with IPO allotment on Aug 28, and refund initiation on Aug 29, 2025.

The Rs. 70.03 crore new SME IPO comprises a combination of fresh issue of 0.43 crore shares (Rs. 61.29 Cr) and an offer for sale (OFS) of 0.06 crore shares (Rs. 8.75 Cr).

The Shivashrit Foods IPO listing date (expected) might be on Monday, Sep 01, 2025, and listing at the NSE and SME. 

The Shivashrit Foods IPO price band is Rs. 135 to Rs. 142.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Aug 22, 2025
IPO Closing Date	Aug 26, 2025
IPO Allotment Date	Aug 28, 2025
Refund Initiation	Aug 29, 2025
IPO Listing Date	Sep 01, 2025

 

Click to open demat account and apply for the IPO.

 

 

Company Financials

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	108.78	83.07	48.48
Total Revenue	105.85	77.55	45.61
PAT	12.06	11.61	1.52
EBITDA	23.10	19.87	4.95
Net Worth	34.60	22.54	10.93
Reserves & Surplus	20.64	17.89	6.28
Borrowings	47.96	36.97	22.67

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(834.09)	544.45	(42.59)
Net Cash Flow Investing Activities	175.39	(1,804.22)	(203.65)
Net Cash Flow Financing Activities	717.71	1,192.64	337.14

 

Revenue Bifurcation

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Working capital needs for expansion. ~ Rs. 190 Cr.

• Capital expenditure (project expansion). ~ Rs. 263 Cr.

• General Corporate Purposes.
  
  

Listed Peers of Shivashrit Foods Ltd.

No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.

Valuation

Metric	Value
ROE	42%
ROCE	42.73%
RoNW	34.85%
PAT Margin	11.51%
Price to Book Value	1.91
EBITDA Margin	22.06%
Debt/Equity	1.39

 

Evaluation of P/E Ratio

Considering the FY ended on 31 Mar 2025 with an EPS of Rs. 8.64 from the last year, the resulting P/E ratio is 16.43x.

Explore the Studio LSD IPO.

IPO's Strengths 

• Knowledgeable management team and promoters.

• Our long-standing and strong client connections are made possible by the support of an effective supply chain.

• Modern equipment and technology at the company's facilities guarantee productivity and quality in the potato flakes sector.

• A food processing facility in Aligarh can profit from government regulations, incentives, and subsidies by using this strategic location for the procurement and storage of potatoes.

 

 

IPO’s Weaknesses 

• Dependency on a single product- All potato flakes revenue.

• Raw materials may be impacted by inadequate cold storage conditions.

• ~79% of revenue (FY25) comes from the top 5 customers.

• Minor GST/EPF payment delays, some ROC filing delays.
  
  

Shivashrit Foods IPO GMP (Grey Market Premium)

Shivashrit Foods IPO GMP today has not started yet as of 18 Aug 2025 at the time of writing this information.

Shivashrit Foods IPO Summary

The Shivashrit Foods IPO has a market maker portion size of 2,48,000 Shares (Rs. 3.52 Cr).

IPO Opening & Closing Date	22 Aug, 2025 to 26 Aug, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 135 to Rs. 142 per Share.
Lot Size	1000 Shares
Issue Size	49,32,000 Shares (Rs. 70.03 Cr)
Offer for Sale	6,16,000 Shares (Rs. 8.75 Cr)
Fresh Issue	40,68,000 Shares (Rs. 57.77 Cr)
Listing at	NSE, SME
Issue Type	Bookbuilding IPO
Registrar	Maashitla Securities Pvt. Ltd.

 

 

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (2000 Shares) for Rs. 2,84,000 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (3000 Shares) for Rs. 4,26,000.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

Shivashrit Foods IPO Allotment Status

To check the Shivashrit Foods IPO Allotment Status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

 

Promoters And Management of Shivashrit Foods Ltd.

• Mr. Prashant Singhal

• Mr. Nishant Singhal

• Mrs. Sunita Singhal

• Mr. Ramesh Chand Singhal.

Pre-Issue Promoter Shareholding	100%
Post-Issue Promoter Shareholding	-

 

IPO Lead Managers

• Mark Corporate Advisors Pvt. Ltd.

 

 

Dividend Policy

The company has not paid a dividend in the last three years.

Conclusion

Investors are introduced to the expanding potato flakes industry through the Shivashrit Foods IPO, which is supported by robust certifications, state-of-the-art facilities, and growing demand for processed foods. Despite concerns including seasonality in raw materials and reliance on a single product, the company exhibits strong financial growth and high margins. 

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.