Shivashrit Foods Limited IPO

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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:

Company proposes to utilise the Net Proceeds from the Issue towards the following objects: 1. Capital Expenditure for Expansion Project (₹ 26.3 cr) 2. Working capital requirement for Expansion Project (₹19 cr) 3. General corporate purposes.

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:

1. Nishant Singhal – Managing Director & Promoter, A Commerce graduate from Aligarh Muslim University (2004), he has ~20 years of experience in food storage and 7 years in food processing. He has also contributed to ventures like Prashant Enterprises, Nishant Cold Storage, and Neomaxx Lights Pvt. Ltd. Associated with the Company since 2017, he was earlier CFO (appointed September 2024) and now serves as Managing Director. 2. Prashant Singhal – Chairman, Non-Executive Director & Promoter, A Statistics graduate from Aligarh Muslim University (1999), he has 22 years of experience in food storage and 7 years in food processing, with strong expertise in raw material procurement. Associated with the Company since 2017, he also serves as Mayor of Aligarh, Uttar Pradesh (since 2023). 3. Sunita Singhal – Non-Executive Director & Promoter, She has 22 years of experience as Executive Partner at Prashant Enterprises, engaged in manufacturing and export of hardware fittings, where she was actively involved in decision-making. She joined the Company as a Director in September 2024.

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:

According to RHP Their is no listed Peers of company.

Lead Manager of Shivashrit Foods Limited IPO:

  1. Mark Corporate Advisors Private Limited

Registrar of Shivashrit Foods Limited IPO:

  1. Maashitla Securities Pvt. Limited.

Discussion on Shivashrit Foods Limited IPO:

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