Shivashrit Foods Limited IPO is set to launch its Initial Public Offering (IPO) on the NSE SME platform. Here’s a comprehensive overview.
Established in 2017, Shivashrit Foods Ltd. specializes in manufacturing premium-grade potato flakes. These are utilized in ready-to-eat meals, snacks, and processed food products.
The company operates a state-of-the-art processing facility in Aligarh, Uttar Pradesh, certified by FSSAI, ISO 22000:2018, HALAL, BRCGS, and USFDA.
Its products are marketed under the brands “Shivashrit,” “Shreeaahar,” and “Flaker’s.”
Shivashrit Foods exports to over 20 countries, including the USA, UAE, Indonesia, and Brazil.
IPO Timeline
- Opening Date: August 22, 2025
- Closing Date: August 26, 2025
- Basis of Allotment: August 28, 2025
- Refunds Initiation: August 29, 2025
- Credit of Shares to Demat: August 29, 2025
- Listing Date: September 1, 2025
IPO Details
- Face Value: ₹10 per share
- Total Issue Size: ₹70.03 crore
- Fresh Issue: ₹61.29 crore (43.16 lakh shares)
- Offer for Sale (OFS): ₹8.75 crore (6.16 lakh shares)
- Price Band: ₹135 – ₹142 per share
- Lot Size: 1,000 shares
- Minimum Investment: ₹1,42,000 (for 1 lot)
- Maximum Investment: ₹2,84,000 (for 2 lots)
- Issue Type: Bookbuilding IPO
- Listing At: NSE SME
- Share Holding Pre Issue: 1,39,53,000 shares
- Share Holding Post Issue: 1,82,69,000 shares
GMP of Shivashrit Foods Limited IPO
As of now, the Grey Market Premium (GMP) for the Shivashrit Foods Limited IPO is not available. This is common for upcoming IPOs, especially in the SME segment, as GMP figures are typically reported closer to the opening date of the issue.
GMP Insights
- The GMP is an unofficial indicator of the potential listing gain of an IPO.
- A higher GMP suggests strong demand and may indicate a positive listing, while a lower or zero GMP could imply lukewarm investor interest.
Promoters of Shivashrit Foods Limited
The promoters of Shivashrit Foods Limited are:
- Mr. Prashant Singhal
- Mr. Nishant Singhal
- Mrs. Sunita Singhal
- Mr. Ramesh Chand Singhal
1. Mr. Prashant Singhal – Chairman & Non-Executive Director
- Over 22 years of leadership experience, with a strong track record in manufacturing and export strategy. He has been instrumental in doubling Shivashrit Foods’ production capacity from 4,000 to 8,000 MTPA. He also serves as Chairman and Non-Executive Director of the company.
- Besides Shivashrit Foods, he’s a Partner at Prashant Enterprises—a government-recognized export house with annual turnover exceeding ₹80 crore—and at Nishant Cold Storage, managing a 200,000-bag capacity facility.
- Serves as Director at Neomaxx Lights Pvt. Ltd., involved in sustainable lighting, and as Partner at P S Enterprises, focusing on premium sanitary fittings.
- A Statistics graduate from Aligarh Muslim University (1999). Holds statutory directorships and is the Mayor of Aligarh, Uttar Pradesh, since 2023.
- Associated with multiple companies, holding director roles in at least five active entities, and cumulatively affiliated with around 10 companies over his career.
2. Mr. Nishant Singhal – Managing Director & Promoter
- Brings over 20 years of expertise in export, manufacturing, and food processing. A Commerce graduate, he focuses on market establishment and quality control at Shivashrit Foods, serving as Managing Director.
- Holds leadership roles at Prashant Enterprises (export strategy) and Nishant Cold Storage (200,000-bag capacity facility), and is also Director at Neomaxx Lights Pvt. Ltd. (energy-efficient LED lighting).
- A Commerce graduate from Aligarh Muslim University (2004). Initially served as CFO (appointed in September 2024) before becoming MD.
- Actively engaged in corporate governance with roles in four current companies, plus historical affiliations.
3. Mrs. Sunita Singhal – Non-Executive Director & Promoter
- With around 22 years of experience, she has played a key role in HR, administration, and strategic management across family ventures.
- Served as Executive Partner at Prashant Enterprises, actively involved in manufacturing and export decisions. Joined Shivashrit Foods as Non-Executive Director in September 2024.
4. Mr. Ramesh Chand Singhal – Promoter & Director
- A seasoned professional with around 7 years of governance experience, serving as Director at Shivashrit Foods.
- According to company records, he has held this directorship since formation in 2017, and is currently associated with one active company.
Summary Table
| Promoter | Role at Shivashrit Foods | Education & Experience | Other Ventures & Roles |
|---|---|---|---|
| Mr. Prashant Singhal | Chairman & Non-Executive Director | Statistics graduate; 22+ years experience | Prashant Enterprises, Nishant Cold Storage, Neomaxx Lights, P S Enterprises; Mayor of Aligarh |
| Mr. Nishant Singhal | Managing Director | Commerce graduate; 20+ years experience | Prashant Enterprises, Nishant Cold Storage, Neomaxx Lights; ex-CFO |
| Mrs. Sunita Singhal | Non-Executive Director | 22 years in HR/admin | Executive Partner at Prashant Enterprises |
| Mr. Ramesh C. Singhal | Director & Promoter | 7 years in corporate governance | Shivashrit Foods only |
Shivashrit Foods Limited IPO Lot Size
Here’s the lot size information for the Shivashrit Foods Limited IPO, presented clearly in a table:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹2,84,000 |
| Retail (Max) | 2 | 2,000 | ₹2,84,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,26,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,94,000 |
| B-HNI (Min) | 8 | 8,000 | ₹11,36,000 |
Shivashrit Foods Limited IPO Promoter Holding
Here’s the detailed information on Promoter Holding for the Shivashrit Foods Limited IPO:
- Pre-IPO Promoter Holding: 100.00% of the equity was held by the promoters before the IPO.
- Post-IPO Promoter Holding: The promoters’ shareholding will dilute post-issue due to the introduction of fresh issue and offer-for-sale components.
Summary Table
| Category | Promoter Holding (%) |
|---|---|
| Pre-IPO | 100.00% |
| Post-IPO (Implied) | ~76.3% |
About Shivashrit Foods Limited
Shivashrit Foods Limited is a distinguished manufacturer and exporter of premium-quality potato flakes, headquartered in Aligarh, Uttar Pradesh, India.
Established in 2017, the company operates one advanced, fully automated manufacturing facility capable of processing 28.8 metric tons of potatoes per day to produce dehydrated potato flakes for a wide range of applications—from ready-to-eat meals to processed snacks.
Business Operations & Supply Chain
- B2B Focus: Primarily serves industrial clients across food processing, snack manufacturing, and RTE (Ready-to-Eat) segments both domestically and internationally.
- B2C Expansion: In December 2024, Shivashrit launched its own consumer-facing brand, Shree Aahar, making its entry into the retail segment via its website and e-commerce platforms like Amazon, Flipkart, and Meesho.
- Raw Material Sourcing: Secures 80–90% of its raw potatoes directly from local farmers within a 200 km radius during the harvesting season (December–March), ensuring consistent quality and favorable procurement costs.
- Certifications: The company maintains high standards of food safety and quality, holding ISO 22000:2018, FSSAI, HALAL, BRCGS, and USFDA accreditations.
Growth Journey & Notable Milestones
| Year | Milestone |
|---|---|
| 2017 | Company incorporated. |
| 2018 | Received ₹5 Cr grant for setting up an automated facility with Dutch machinery. |
| 2019 | B2B operations commenced. |
| 2021 | Earned ISO 22000:2018 certification. |
| 2022 | Obtained HALAL certification and began exports. |
| 2023 | Acquired BRCGS and USFDA approvals; doubled capacity to 28.8 MT/day. |
| 2024 | Converted to a Public Limited Company; launched B2C brand Shree Aahar. |
Global Reach
The company’s products reach an international audience including countries such as:
Argentina, Brazil, Chile, Dubai, Indonesia, Israel, Kuwait, Lebanon, Malaysia, Mexico, Turkey, Uruguay, and the USA.
Strategic Advantages
- Experienced Leadership: Seasoned promoter team with expertise in manufacturing, export, and operational scaling.
- Proximity to Raw Material: Located in a key potato-growing region, enabling streamlined sourcing.
- Advanced Infrastructure: Upgraded equipment and strong certifications ensuring quality and global acceptance.
- Balanced Market Strategy: Strong B2B foundation complemented by recent entry into high-margin B2C retail.
Shivashrit Foods Limited Financial Information
Here’s a structured and detailed overview of Shivashrit Foods Limited financial performance, drawn from the latest publicly available data:
| Period Ended | 31 Mar 2025 | Mar 31 2024 | 31 Mar 2023 |
| Assets | 108.78 | 83.07 | 48.48 |
| Total Income | 105.85 | 77.55 | 45.61 |
| Profit After Tax | 12.06 | 11.61 | 1.52 |
| EBITDA | 23.10 | 19.87 | 4.95 |
| Net Worth | 34.60 | 22.54 | 10.93 |
| Reserves and Surplus | 20.64 | 17.89 | 6.28 |
| Total Borrowing | 47.96 | 36.97 | 22.67 |
Key Performance Indicator (KPI)
Here are the Key Performance Indicators (KPI) of Shivashrit Foods Limited IPO, based on the latest restated financials:
| KPI | Values |
|---|---|
| ROE | 42% |
| ROCE | 42.73% |
| Debt/Equity | 1.39 |
| RoNW | 34.85% |
| PAT Margin | 11.51% |
| EBITDA Margin | 22.06% |
| Price to Book Value | 1.91 |
Strengths of Shivashrit Foods Limited IPO
1) Diversified Product Portfolio
- Offers a wide range of food products including packaged snacks, bakery items, ready-to-eat products, frozen food, and FMCG goods.
2) Strong Distribution Network
- Pan-India presence with established retail & wholesale dealer channels.
3) Consistent Revenue Growth
- Revenue increased from ₹45.35 Cr in 2023 to ₹104.69 Cr in 2025, reflecting strong business scalability.
4) Improving Profitability
- Profit After Tax (PAT) rose significantly from ₹1.52 Cr in 2023 to ₹12.05 Cr in 2025.
5) Experienced Promoter & Management Team
- Led by Mr. Kailash Nath Agarwal & Mrs. Sandhya Agarwal, who have decades of experience in the FMCG and food processing sector.
6) Growing Market Opportunity
- India’s packaged food & snacks sector is projected to grow at double-digit CAGR.
Risks of Shivashrit Foods Limited IPO
1) High Dependence on Raw Material Prices
- Volatility in prices of wheat, sugar, edible oils, and packaging material may impact margins.
2) Competitive FMCG & Food Industry
- Faces stiff competition from established brands like ITC, Haldiram’s, Bikaji, and Prataap Snacks.
3) Debt Levels & Leverage
- Debt-to-equity ratio, though improving (2.07 → 1.25), is still on the higher side compared to peers.
4) Regional Concentration Risk
- Though expanding, the company’s major revenue share comes from specific regions.
5) Regulatory & Compliance Risks
- Being in the food industry, it is subject to strict FSSAI norms and quality checks.
6) Working Capital Intensive Business
- High receivables and inventory days may strain liquidity.
Shivashrit Foods Limited Contact Details
Here are the official and publicly available contact details for Shivashrit Foods Limited—covering corporate headquarters, email IDs, phone numbers, and additional context relevant to investors:
Corporate Office Contact Details
- Address: Gopal Ganj, Sarai Lavaria, Aligarh, Uttar Pradesh – 202001, India
- Phone: +91 571 3500346
- Email: info@shivashrit.com
- Official Website: www.shivashritfoods.com
Consumer-Brand Contact (Shree Aahar)
This branch pertains to their consumer-facing brand, Shree Aahar:
- Phone: +91 95574 25959
- Email: info@shreeaahar.com
- Address: Shivashrit Foods Ltd, Gopal Ganj, Sarai Lavaria, Aligarh – 202001 (U.P) INDIA
Alternate & Marketing Contact (via Manufacturer Site)
Another possible contact point useful for product inquiries or marketing communications:
- Phone: 08071930771 (Marketing Director: Mr. Priyansh Singhal)
- Address: Same as above — Gopal Ganj, Sarai Lavaria, Aligarh – 202001, Uttar Pradesh, India
Quick Reference Table
| Contact Point | Details |
|---|---|
| Corporate Office | Gopal Ganj, Sarai Lavaria, Aligarh – 202001 |
| Phone (Corporate) | +91 571 3500346 |
| Email (Corporate) | info@shivashrit.com |
| Website | www.shivashritfoods.com |
| Shree Aahar (B2C Brand) | +91 95574 25959 / info@shreeaahar.com / Same address |
| Marketing Contact | 08071930771 (Mr. Priyansh Singhal) |
Classic Electrodes (India) Limited IPO: Date, Price & Review
ARC Insulation & Insulators Limited IPO: Price, Review & Details
Disclaimer: The content on this website is intended for informational purposes only and should not be interpreted as financial or investment advice. Engaging in stock market activities involves inherent risks, and outcomes can be unpredictable. While we strive to provide accurate and up-to-date information, we do not make any guarantees regarding the completeness or reliability of the content. Any investment decisions you make should be based on your own research and consultation with a qualified financial professional. We are not responsible for any financial gains or losses resulting from actions taken based on the information provided here. Always invest wisely and at your own risk.
