NSE SME IPO of Shivashrit Foods ends with subscription of 2.75 times

The initial public offer (IPO) of Shivashrit Foods received bids for 97,26,000 shares as against 35,29,000 shares on offer. The issue was subscribed 2.75 times. Qualified Institutional Buyers (QIBs) bid for 14,86,000 shares, Non-Institutional Investors (NIIs) for 38,88,000 shares, while individual investors (IND category bidding for 2 lots) placed bids for 43,52,000 shares. The issue opened for bidding on 22 August 2025 and it closed on 26 August 2025. The price band of the IPO is fixed at Rs 135 to Rs 142 per share. The equity shares will list on NSE’s SME platform. The IPO comprised 49,32,000 equity shares, including a fresh issue of 43,16,000 equity shares and an offer for sale (OFS) of 6,16,000 equity shares. The company intends to utilize the net proceeds for capital expenditure (expansion project), working capital requirements for the expansion project, and general corporate purposes. Ahead of the IPO, Shivashrit Foods, on 21 August 2025, raised Rs 19.92 crore from anchor investors. The board allotted 14.03 lakh shares at Rs 142 per share to 11 anchor investors. Shivashrit Foods is a manufacturer, supplier, and exporter of potato flakes. The company operates a dedicated potato processing and manufacturing facility in Aligarh, Western Uttar Pradesh, India, for the production of potato flakes. It specializes in producing premium-grade potato flakes used in ready-to-eat meals, snack foods, and other processed food products. The company’s product portfolio is designed to cater to the specific requirements of both global and domestic food manufacturers, offering consistent quality and long shelf life. As of 30 June 2025, the company had total 68 employees. The company recorded revenue from operations of Rs 104.69 crore and net profit of Rs 12.06 crore for the period ended 31 March 2025.