Shivashrit Foods is a leading manufacturer and exporter of premium-quality potato flakes, based in Aligarh, Uttar Pradesh, India. Established in 2017, the company operates a dedicated potato processing and manufacturing facility in Aligarh for production of potato flakes. Shivashrit Foods primarily follows a B2B business model, supplying products to industrial clients in the food and snacks sector both domestically and internationally. The company is now expanding into the B2C segment, targeting retail markets through e-commerce channels to broaden its reach.

The Shivashrit Foods IPO 2025 is a Book Built Issue of ₹ 70.03 Crores. It includes a Fresh Issue of 43.16 Lakh shares worth ₹ 61.29 Crores and an Offer for Sale of 6.16 Lakh shares totaling ₹ 8.75 Crores. The IPO subscription opens on 22nd August 2025 and closes on 26th August 2025, with allotment expected on 28th August 2025. Shares are planned to be listed on NSE SME around 1st September 2025.

The IPO share price band is set between ₹ 135 and ₹ 142 per equity share. At the upper end of the band, the company’s market capitalization will reach approximately ₹ 259.42 Crores. The lot size is 1,000 shares, with a minimum investment of 2 lots or ₹ 2,84,000.

Mark Corporate Advisors Private Limited is the book running lead manager, while Maashitla Securities Private Limited serves as the registrar. Asnani Stock Broker Private Limited is designated as the market maker for the IPO.

The Grey Market Premium (GMP) for Shivashrit Foods IPO is currently ₹ 0, indicating no anticipated listing gains. Investors should note that GMP is based on unorganized demand and supply, and real price discovery occurs only post-listing.

Anchor investors have already subscribed for 14,03,000 shares at ₹ 142 per share, raising ₹ 19.92 Crores. These shares are allocated from the Qualified Institutional Buyers (QIBs) portion.

The IPO proceeds will be utilized for strategic expansion and operational enhancement:

• ₹ 2,630.00 Lakh for part-financing capital expenditure including construction of buildings, plant & machinery (Potato Flakes Line Machine), utilities (Boiler, ETP Plant, Power Generator, Solar Panel), and other assets as part of the Expansion Project.

• ₹ 1,900.00 Lakh for working capital requirements to support the Expansion Project.

• Remaining funds for general corporate purposes.

The company is led by Mr. Prashant Singhal and Mr. Nishant Singhal, Promoters and Directors, with over 15 years of combined experience in potato flakes production. Their leadership, supported by a qualified management team, drives growth, efficiency, and strategic business planning.

Shivashrit Foods’ financial performance has demonstrated consistent growth:

• Revenue from operations: ₹ 10,584.59 Lakh (FY25), ₹ 7,755.03 Lakh (FY24), ₹ 4,560.57 Lakh (FY23)

• EBITDA: ₹ 2,338.18 Lakh (FY25), ₹ 1,996.31 Lakh (FY24), ₹ 510.51 Lakh (FY23)

• Profit after Tax (PAT): ₹ 1,205.50 Lakh (FY25), ₹ 1,161.39 Lakh (FY24), ₹ 151.56 Lakh (FY23)

The IPO valuation metrics are as follows: pre-issue EPS ₹ 8.64, post-issue EPS ₹ 6.60, pre-issue P/E ratio 16.43x, post-issue P/E ratio 21.52x, ROCE 42.73%, ROE 42.00%, and RoNW 34.85%. These metrics indicate that the IPO is fairly priced.

Given the Grey Market Premium of ₹ 0, potential listing gains are negligible. Investors looking for short-term listing profits may consider avoiding the Shivashrit Foods IPO.

The IPO allotment can be checked on the registrar’s website from 28th August 2025, using application number, PAN, or DP Client ID. Monitoring live subscription trends, anchor investor allocation, and GMP helps investors make informed decisions aligned with their investment strategies.

Overall, the Shivashrit Foods IPO 2025 provides an opportunity to invest in a fast-growing, financially robust company in the potato flakes manufacturing sector, with a strong B2B presence and a strategic push into B2C retail markets. Investors should carefully evaluate their objectives before applying, particularly considering the absence of listing gains.

The Upcoming IPOs in this week and coming weeks are Anlon Healthcare, NIS Management, Sattva Engineering Construction, Globtier Infotech, Current Infraprojects, Anondita Medicare, Classic Electrodes (India), Vikran Engineering, Shivashrit Foods.

The Current active IPO are ARC Insulation & Insulators, Mangal Electrical Industries, LGT Business Connextions, Vikram Solar, Gem Aromatics, Shreeji Shipping Global, Patel Retail.

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