Shreeji Global FMCG Limited IPO

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Shreeji Global FMCG Limited incorporated on February 1, 2018,  The company began as a sourcing and supply business for agri commodities like coriander, groundnut, and chana. Over time, operations expanded into processing activities such as cleaning, grading, sorting, and grinding to ensure quality enhancement and value addition.
Today, Shreeji Global FMCG Limited has evolved into a diversified agro-processing and FMCG enterprise, manufacturing and marketing a wide range of spices, grains, seeds, pulses, and flour under its flagship brand “SHETHJI” and through white-label partnerships.

Sales & Distribution

The company caters to both retail and bulk segments, supplying products through:

i) Own brand “SHETHJI” for domestic retail markets
ii) White-label contracts for corporate and distribution clients
iii) Direct and merchant exports, expanding its international footprint

Packaging ranges from small consumer packs (20g–500g) to bulk master packs (10kg–50kg), ensuring flexibility for diverse clients.

E-commerce & Future Plans

Shreeji Global FMCG entered e-commerce in FY2020 to serve retail consumers. However, the segment’s contribution remains small as the focus has been on exports.
The company is now evaluating digital expansion to strengthen its online presence and tap into growing demand for packaged FMCG and agri-based products.

Forward Integration and Expansion

The management plans to establish a dedicated facility for blended and ground spices, millet, and multigrain flours, including a cold storage unit for raw materials and finished goods.
The new product line will focus on value-added, health-oriented items such as millet-based flours and region-specific blended spices, targeting D2C and export markets.

Strengths and Competitive Advantages

i) Integrated Operations: End-to-end control from sourcing to packaging.
ii) Diverse Product Range: Multiple categories across spices, pulses, and grains.
iii) Quality Assurance: Standardized processing ensuring consistency and hygiene.
iv) Strong Infrastructure: Two well-equipped manufacturing units and APMC presence.
v) Scalable Model: Plans for forward integration and international expansion.

Objects of the Shreeji Global FMCG Limited IPO:

Company proposes to utilize the Net Proceeds towards the following objects: 1. Capital Expenditure for Factory premises (₹5.67 cr) 2. Capital Expenditure for purchase of machineries & Cold storages facility (₹29 cr) 3. Capital Expenditure for Solar Power for internal consumption (₹4.24 cr) 4. Working Capital Requirement (₹33.54 cr) 5. General Corporate Purpose

Shreeji Global FMCG Limited IPO Details:

Open Date: Nov 04 2025
Close Date: Nov 07 2025
Total Shares: 68,00,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 85 Cr.
Lot Size: 1000 Shares
Issue Price: ₹ 120-125 Per Equity Share
Listing At: NSE Emerge
Listing Date: Nov 12 2025

Promoters And Management:

1. Jitendra Kakkad, 38, is the Managing Director and Promoter of the Company. He completed his Secondary School Examination from the Gujarat Board in 2002 and has been part of the Company since its inception in February 2018. Earlier, he managed his proprietary firm, Shreeji Enterprise (since 2014). With over 10 years of experience in processing and manufacturing, he oversees operations, finance, marketing, and overall business strategy. 2. Vivek Kakkad, 32, is the Whole-time Director and Promoter. He completed his Secondary School Examination from the Gujarat Board in 2008 and has over 7 years of trading experience. He played a key role in business expansion and earlier ran his proprietary concern, Madhav Enterprise (since 2017). 3. Dhruti Kakkad, 34, is a Non-Executive Director and Promoter. She completed her Higher Secondary Education from the Gujarat Board in 2015 and joined the Board in July 2020, initially as Executive Director, later re-designated as Non-Executive Director in January 2025. With 4 years of operational and managerial experience, she evaluates management performance and reviews strategic plans.

Financials of Shreeji Global FMCG Limited IPO:

Particulars 5M FY2025-26 FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations (Cr) 250.39 648.92 588.22 467.28
EBITDA (Cr) 13.83 29.36 10.91 4
EBITDA Margins 5.51% 3.13% 1.85% 0.85%
PAT (Cr) 9.19 12.15 5.47 2.05
PAT Margins 3.67% 1.87% 0.93% 0.44%
ROCE 19.59% 32.07% 23.82% 11.93%
Debt to Equity Ratio(In Times) 0.76 1.03 1.47 2.13
Operating Cash Flows 1.69 -0.17 -5.64 -5.77

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
Shreeji Global FMCG Limited 648.92 3.13% 1.87% 32.07% 1.03 284.50 23.42
Sheetal Universal Ltd 106 13% 8.49% 26.20% 0.5 163 17.5
Madhusudan Masala Limited 231 10% 6.49% - 0.8 194 15.2
Note: Forward P/E is 12.89 According to FY 26 PAT

Lead Manager of Shreeji Global FMCG Limited IPO:

  1. Interactive Financial Services

Registrar of Shreeji Global FMCG Limited IPO:

  1. MUFG Intime India Private Limited

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