Shivashrit Foods Limited IPO
Shivashrit Foods Limited (SFL) is a manufacturer, supplier, and exporter of premium-grade potato flakes. The Company operates a dedicated potato processing and manufacturing facility in Aligarh, Western Uttar Pradesh, producing high-quality flakes used in ready-to-eat meals, snack foods, and processed food products. With a focus on quality, consistency, and long shelf life, SFL caters to both domestic and international food manufacturers.
Brands & Business Model
The Company markets its products under B2B brands Shivashrit and Flaker’s, serving industrial clients in India and overseas, and entered the B2C segment in December 2024 with a premium retail brand targeting urban consumers. With a balanced mix of domestic and international revenues, the Company ensures financial stability and sustainable growth.
Product Portfolio
The Company specializes in potato flakes, a versatile ingredient widely used in the food industry.
Applications include Instant mashed potatoes, Thickening agents for soups, gravies, and sauces and Ingredients in potato-based snacks and dough products.
In December 2024, the Company expanded into the B2C retail market with the launch of its new consumer brand, targeting urban customers through its website (www.shreeaahar.com) and leading e-commerce platforms like Amazon, Flipkart, and Meesho.
Competitive Strengths
1. Experienced Promoters & Management – Over 15 years of expertise in potato flakes production.
2. Efficient Supply Chain – End-to-end procurement, cold storage, production, and delivery ensure consistent supply.
3. Advanced Manufacturing Facility – State-of-the-art machinery, automation, and international technology adoption.
4. Strategic Location – Situated in Aligarh, a key potato-growing region, offering cost and logistical advantages near major hubs like Delhi and Agra.
5. Strong B2B Presence with Growing B2C Focus – Established industrial client base with entry into higher-margin consumer markets.
Objects of the Shivashrit Foods Limited IPO:
Shivashrit Foods Limited IPO Details:
Open Date: | Aug 22 2025 |
Close Date: | Aug 26 2025 |
Total Shares: | 49,32,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Book Building |
Issue Size: | 70.03 Cr. |
Lot Size: | 1000 Shares |
Issue Price: | ₹ 135-142 Per Equity Share |
Listing At: | NSE Emerge |
Promoters And Management:
Financials of Shivashrit Foods Limited IPO:
Particulars | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
Revenue from Operations | 104.69 | 76.62 | 45.35 |
EBITDA | 23.09 | 19.86 | 4.94 |
EBITDA Margins | 22.06% | 26.06% | 10.91% |
PAT | 12.05 | 11.61 | 1.51 |
PAT Margins | 11.51% | 15.15% | 3.33% |
ROCE | 42.73% | 44.89% | 12.02% |
Debt to Equity Ratio(In Times) | 1.39 | 1.64 | 2.07 |
Operating Cash Flows | -8.34 | 5.44 | -0.27 |
Comparison With Peers:
Lead Manager of Shivashrit Foods Limited IPO:
Registrar of Shivashrit Foods Limited IPO:
Discussion on Shivashrit Foods Limited IPO:
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