Shivashrit Foods Limited to Launch ₹70.03 Crore IPO on NSE Emerge

 

Mumbai: "Shivashrit Foods Limited" (“Shivashrit” or “The Company”), a leading manufacturer, supplier, and exporter of potato flakes, has announced the launch of its 'Initial Public Offering' (IPO) on Friday, August 22, 2025. The Company aims to raise up to ₹70.03 crore at the upper price band, with shares proposed to be listed on the NSE Emerge platform.

The issue size comprises 49,32,000 equity shares at a face value of ₹10 each, with a price band fixed between ₹135 – ₹142 per share.

Equity Share Allocation:

• QIB Anchor Portion – Up to 14,03,000 equity shares
• Qualified Institutional Buyers (QIBs) – Up to 9,36,000 equity shares
• Non-Institutional Investors (NIIs) – Not less than 7,05,000 equity shares
• Retail Individual Investors (RIIs) – Not less than 16,40,000 equity shares
• Market Maker – Up to 2,48,000 equity shares

The anchor portion will open on August 21, 2025, while the IPO will close on August 26, 2025.

The net proceeds from the IPO will be used to:

• Partly finance capital expenditure for construction of the company’s new facility.
• Install advanced plant and machinery, including a Potato Flakes Line Machine, boiler, effluent treatment plant (ETP), power generator, and solar panel.
• Fund working capital requirements for the expansion project.
• Support general corporate purposes.

Mr. Nishant Singhal, Managing Director of Shivashrit Foods Limited, said: “We are delighted to mark this milestone in our growth journey. Over the years, we have built our reputation as a manufacturer of premium-grade potato flakes, catering to food and snack manufacturers in both domestic and international markets. The capital raised will enable us to expand manufacturing capabilities, integrate advanced technologies, and boost production capacity to meet growing demand. This expansion will strengthen our competitiveness, open doors to new markets, and provide a foundation to diversify our product portfolio.”

The Book Running Lead Manager to the issue is Mark Corporate Advisors Private Limited, and the Registrar is Maashitla Securities Private Limited.

A spokesperson from Mark Corporate Advisors Private Limited commented: “India’s processed food industry is witnessing rapid growth, driven by urbanisation, rising demand for convenience foods, and strong export opportunities. Potato-based products, in particular, are expanding due to the growth of the snacks industry and the increasing preference for ready-to-eat and ready-to-cook products. Shivashrit Foods, with its established reputation, focus on quality, and reliable supply chain, is well positioned to capture this opportunity. The IPO will help the company enhance capacity, adopt advanced technology, and diversify its product offerings for long-term growth.”