NSE SME IPO of Shivashrit Foods subscribed 22%

The initial public offer (IPO) of Shivashrit Foods received bids for 7,76,000 shares as against 35,29,000 shares on offer, as per NSE data as of 17:00 hours on Friday (22 August 2025). The issue was subscribed 0.22 times. The issue opened for bidding on Friday (22 August 2025) and it will close on Tuesday (26 August 2025). The price band of the IPO is fixed at Rs 135 to Rs 142 per share. The minimum order quantity is 1,000 equity shares. 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 offer for sale (OFS) of 6,16,000 equity shares. About 2,48,000 equity shares will be reserved for subscription by market maker to the issue. The net offer comprises of 46,84,000 equity shares. The company intends to utilize the net proceeds for capital expenditure (Expansion Project), working capital requirement for expansion project and general corporate purpose. 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 investor. 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.