Sarveshwar Foods IPO

Sarveshwar Foods IPOBusiness description - Sarveshwar Foods is primarily engaged in the business of processing and marketing of branded and un-branded basmati and non-basmati rice in the domestic and international markets. Its operations are based out of the Jammu Region in the State of Jammu and Kashmir. In addition to its home state, the company procures Basmati and non-Basmati paddy from Punjab, Haryana, Himachal Pradesh, Uttar Pradesh and Delhi.

Besides conventional Basmati and non-Basmati rice, the company has also forayed into procurement, storage, milling, sorting, packaging, branding and distribution of "Organic" Basmati and non-Basmati rice. The "Organic" business also includes organic food products such as dry fruits and nuts, pulses, lentin, flours, porridge, spices, garam masalas and super foods like chia seeds, flax seeds, quinoa seeds, etc. The company markets and distributes these organic food products under its brand "Nimbark".

Promoters of Sarveshwar Foods – Mr Rohit Gupta

Sarveshwar Foods IPO details
Subscription Dates 5 - 7 March 2018
IPO Price band INR83 - 85 per share
Fresh issue 6,467,200 shares (INR53.68 crore)
Offer for sale Nil
Total IPO size 6,467,200 shares (INR53.68 crore)
Minimum bid (lot size) 1,600 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • Working Capital Requirement - INR30 crore
  • Investment in subsidiary Himalayan Bio Organics Pvt. Limited - INR15 crore
Sarveshwar Foods'  financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 Q1 FY2018
Total revenue 27.8 123.5 143.2 161.0 208.0 72.5
Total expenses 21.8 114.6 134.0 154.9 192.2 68.1
Profit after tax 5.5 7.3 8.0 4.8 11.7 3.3
Sarveshwar Foods' Contact Details

Sarveshwar Foods Limited
Sarveshwar House
Below Gummat
Jammu 180 001

Phone: +91 191 2547391
Email: investorrelations@sarveshwarrice.com
Website: www.sarveshwarrice.com

Sarveshwar Foods IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.13
Day 2 0.47
Day 3 1.56
Sarveshwar Foods Valuation (Latest FY)

Earnings Per Share (EPS): INR7.16

Price/Earnings (P/E) ratio: 11.59 - 11.87

Return on Net Worth (RONW): 18.46%

Net Asset Value (NAV): INR38.75 per share

Registrar of Sarveshwar Foods IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 ipo@bigshareonline.com
Website: www.bigshareonline.com

Sarveshwar Foods IPO Allotment Status

Sarveshwar Foods IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Sarveshwar Foods

IPO Opening Date: 5 March 2018

IPO Closing Date: 7 March 2018

Listing Date: 15 March 2018

Listing Price on NSE SME: INR83 per share (down 2.35% from IPO price)

Closing Price on NSE SME: INR70.55 per share (down 17% from IPO price)

Sarveshwar Foods IPO
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5 thoughts on “Sarveshwar Foods IPO

  • March 15, 2018 at 3:48 PM
    Permalink

    has the refund been initiated ?

    Reply
  • March 6, 2018 at 6:57 PM
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    only .40 times subscribe till 2nd day… worth investing company……….

    Reply
  • March 5, 2018 at 7:36 PM
    Permalink

    Great company, great financials. Share price will surely double in next 3-4 months.

    Reply
  • March 5, 2018 at 9:00 AM
    Permalink

    This is a good company worth investing and valuations are just right. Mint money …

    Reply
  • February 27, 2018 at 10:44 PM
    Permalink

    Food is always good
    PE ratio is attractive

    Reply

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