IPO Details
Bidding Dates
22 Aug '25 - 26 Aug '25
Minimum Investment
₹2,70,000/ 2 Lots (2000 Shares)
Price Range
₹135-₹142
Maximum Investment
₹2,84,000/ 2 Lots (2000 Shares)
Retail Discount
To be announced
Issue Size
₹70.03 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |Shivashrit Foods IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Aug 22, 25
IPO Closing Date
Aug 26, 25
Basis of Allotment
Aug 28, 25
Initiation of Refunds
Aug 29, 25
IPO Listing Date
Aug 01, 25
Shivashrit Foods IPO Subscription Details
Date | QIB | NII | Retail | Total |
---|---|---|---|---|
Day 1Aug 21, 2025 |
0.00 | 0.07 | 0.09 | 0.05 |
About Shivashrit Foods IPO
Shivashrit Foods IPO is a book-built issue valued at ₹70.03 crore. The issue consists of a fresh issue of 0.43 crore equity shares aggregating to ₹61.29 crore and an offer for sale of 0.06 crore equity shares aggregating to ₹8.75 crore. The subscription window for the IPO opens on August 22, 2025, and closes on August 26, 2025.
The allotment is expected to be finalised on August 28, 2025, with a tentative listing date on NSE SME set for September 1, 2025. The price band for the issue has been fixed between ₹135.00 to ₹142.00 per share. The lot size for applying is 1,000 shares.
For retail investors, the minimum investment required is ₹2,70,000 for 2,000 shares. For HNI investors, the minimum application size is 3 lots, equivalent to 3,000 shares, requiring an investment of ₹4,26,000.
Mark Corporate Advisors Private Limited is acting as the book running lead manager, while Maashitla Securities Private Limited is the registrar to the issue. The market-making responsibility lies with Asnani Stock Broker Private Limited Investors should refer to the Shivashrit Foods IPO RHP for complete details.
Industry Outlook
- India’s food processing sector is projected to reach US$ 1,274 billion by 2027, growing from US$ 866 billion in 2022, driven by population growth, rising incomes, and urbanisation.
- The industry contributed 10.54% to Manufacturing GVA and 11.57% to Agriculture GVA in 2020-21, showing its strong role in the economy.
- By 2047, the sector is expected to touch US$ 2,150 billion, backed by government support, infrastructure projects worth US$ 2.36 billion, and favourable policies under “Make in India.”
Shivashrit Foods IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The company plans to allocate funds towards the construction of the building, installation of potato flakes line machine, and setup of utilities like boiler, ETP plant, power generator, and solar panel.
- Funds will also be used to meet day-to-day operational expenses such as raw material procurement, employee costs, and other short-term business needs, ensuring smoother operations.
- The remaining funds will be deployed for general corporate purposes.
About Shivashrit Foods Limited
Shivashrit Foods Limited (SFL) was originally incorporated as Shivashrit Foods Private Limited on August 23, 2017, under the Companies Act, 2013. Following shareholder approval, the company was converted into a public limited company on October 4, 2024.
The company is engaged in manufacturing, supplying, and exporting premium-quality potato flakes. Its fully dedicated potato processing facility is located in Aligarh, Western Uttar Pradesh, spread across 2,225 square meters. The unit commenced operations in 2018 with an installed capacity of 14.4 metric tons per day, later expanded to 28.8 metric tons per day in July 2023.
Production is fully automated, with processes ranging from washing and peeling to drum drying and packaging. SFL maintains a strong procurement network, sourcing 80%–90% of potatoes during the December–March harvest season. With direct access to farmers within a 200-kilometer radius, the company ensures steady supply, strict quality control, and timely payments to farming partners.
The facility adheres to international quality and safety standards, holding certifications such as FSSAI, ISO 22000:2018, HALAL, BRCGS, and USFDA. Finished goods undergo rigorous in-house testing before distribution.
The company currently markets its products under the brands Shivashrit and Flaker’s, primarily following a B2B model by supplying to industrial food and snack manufacturers globally and domestically.
In December 2024, SFL diversified into the B2C segment with its retail brand, focusing initially on Delhi NCR and major metropolitan cities through its website and e-commerce platforms like Amazon, Flipkart, and Meesho.
Backed by steady financial growth and expansion into higher-margin consumer markets, Shivashrit Foods Limited is positioned on a strong growth trajectory.
How To Check the Allotment Status of Shivashrit Foods IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the Shivashrit Foods IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Shivashrit Foods IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Shivashrit Foods IPO
Registered office: Gopal Ganj, Sarai Lavaria Aligarh, Uttar Pradesh - 202001
Phone: +91 571 3500346
E-mail: cs@shivashrit.com
Shivashrit Foods IPO Reservation
Investor Category |
Shares Offered |
QIB Shares |
Not more than 50% of the Net Issue |
Retail Shares |
Not less than 35% of the Net Issue |
NII Shares |
Not less than 15% of the Net Issue |
Shivashrit Foods IPO Lot Size Details
Application |
Lots |
Shares |
Amount |
Individual investors (Retail) (Min) |
2 |
2,000 |
₹2,70,000 |
Individual investors (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 IPO Promoter Holding
The promoters of the company include Mr. Prashant Singhal, Mr. Nishant Singhal, Mrs. Sunita Singhal and Mr. Ramesh Chand Singhal.
Share Holding Pre-Issue |
100% |
Share Holding Post Issue  |
73% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Shivashrit Foods IPO
KPI |
Value |
ROE (%) |
42 |
RoCE (%) |
42.73 |
Debt/Equity  |
1.39 |
PAT Margin (%) |
11.51 |
EBITDA Margin (%) |
22.06 |
Shivashrit Foods IPO Prospectus
Shivashrit Foods IPO Registrar and Lead Managers
Shivashrit Foods IPO Lead Managers
- Mark Corporate Advisors Private Limited
Registrar for Shivashrit Foods IPO
Maashitla Securities Private Limited
- Contact Number: +91-11-45121795-96
- Email Address: ipo@maashitla.com
Shivashrit Foods IPO Registrar
Financial Performance of Shivashrit Foods Limited
Particulars | Year ending on March 31, 2025 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
---|---|---|---|
Revenue from Operation (in ₹ lakh) | 10469.34 | 7,622.05 | 4,535.10 |
Profit/loss After Tax (in ₹ lakh) | 1205.50 | 1,161.39 | 151.56 |
Earnings per Equity Share (₹) | 8.64 | 24.97 | 3.26 |
Net Worth (in ₹ lakh) | 3459.59 | 2254.09 | 1092.70 |
Return on Equity (%) | 42 | 69 | 15 |
Return on Capital Employed (RoCE) (%) | 42.73 | 44.89 | 12.02 |
EBITDA (in ₹ lakh) | 2309.66 | 1,986.64 | 494.95 |
Know before investing
Strengths
8-
Experienced promoters with over 15 years expertise in potato flakes production.
-
Strong supply chain ensures long-lasting customer trust and efficient product delivery.
-
Modern facility spans 0.55 acres, equipped with advanced international machinery.
-
Strategic Aligarh location enables cost-efficient potato sourcing from nearby farmers.
-
Planned expansion to increase capacity by 52.8 MT/day, reaching ~82 MT/day.
-
Entered B2C retail segment in December 2024, enhancing brand visibility nationwide.
-
Strong domestic and global customer relationships ensure steady demand and business growth.
-
Rising demand for ready-to-eat foods offers significant retail and export opportunities.
Risks
8-
Heavy reliance on domestic sales limits diversification and global growth opportunities.
-
Losing major customers or failing to acquire new ones risks revenue stability.
-
Dependence on limited suppliers without long-term contracts threatens raw material availability.
-
Potato price fluctuations and supply shortages may directly impact profitability and operations.
-
Entire revenue depends on potato flakes, increasing vulnerability to market disruptions.
-
Poor potato storage conditions risk spoilage, product integrity, and financial performance.
-
Electricity costs ₹97.80 lakh FY25; fuel costs ₹905.32 lakh—supply risks remain.
-
Heavy reliance on third-party logistics risks delays, cost increases, and disruptions.

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Shivashrit Foods IPO FAQs

Shivashrit Foods IPO is a book-built issue IPO. It runs from August 22, 2025, to August 26, 2025.

The Basis of Allotment will happen on Thursday, August 28, 2025.

The IPO subscription window will open on August 22, 2025.

The minimum lot size retail investors can subscribe to is 2 lots, and the lot size is 1,000 shares.

The listing date for Shivashrit Foods IPO is Monday, September 1, 2025.

The issue size of the Shivashrit Foods IPO is ₹70.03 crore.

The open and close dates for Shivashrit Foods IPO are from August 22, 2025, to August 26, 2025.

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Maashitla Securities Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

The Shivashrit Foods IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).

- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

You can submit only one application using your PAN card.

To read Shivashrit Foods Limited’s financial statements, download the IPO’s RHP document.

Pre-apply allows investors to apply for the Shivashrit Foods IPO two days before the subscription period opens, ensuring an early submission of your application.

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.