Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
Shivashrit Foods IPO
Shivashrit Foods Ltd
₹1,35,000 /1000 sharesMinimum Investment
Shivashrit Foods IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹142.00 | ₹148.50 | ₹6.50 (4.58%) |
Shivashrit Foods IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 22 Aug ‘25 - 26 Aug ‘25 | ₹2,70,000 | 1,000 | ₹135 - ₹142 |
| Issue Size | IPO Doc |
|---|---|
| 70.03Cr | RHP PDF |
Subscription rate
As of 26 Aug'25, 04:01 PM
| Qualified Institutional Buyers | 1.21x |
| Non-Institutional Investor | 4.66x |
| Retail Individual Investor | 2.06x |
| Total | 2.21x |
About Shivashrit Foods
Founded in
2017
Managing director
Mr Nishant Singhal
Parent organisation
Shivashrit Foods Ltd
Strengths & Financials of Shivashrit Foods
Strengths
Risks
Shivashrit Foods claims to have an integrated and efficient supply chain that ensures the timely delivery of high-quality products. The company sources raw materials directly from local potato farmers and stores excess stock in cold storage, maintaining freshness and quality. This efficient process helps the company meet the demands of both domestic and international customers consistently, fostering long-term customer relationships and boosting export capabilities.
The company claims to have a modern manufacturing facility equipped with advanced machinery sourced from internationally reputed brands. This facility, located in Aligarh, utilises cutting-edge technologies such as evaporation, drying, and packing systems, which are aligned with international standards for potato flakes. The integration of automation and monitoring systems enhances production precision and ensures high-quality output. Additionally, environmental controls such as air pollution control systems and effluent treatment plants are in place, adhering to regulatory standards.
Shivashrit Foods claims to benefit from its strategic location in Aligarh, a major potato-producing region in Uttar Pradesh. This proximity to local farmers allows the company to maintain a reliable supply of high-quality raw materials year-round, reducing transportation costs and enhancing operational efficiency. The company also claims to have accrued benefits from government policies, including subsidies under the Prime Minister Kisan Sampada Yojana, further strengthening its position in the supply chain.
The company is ISO 22000:2018 certified for its food safety management. It also holds certifications from the Food Safety and Standards Authority of India (FSSAI), halal, and BRCGS, accredited by Intertek Certification Limited. Additionally, the facility is compliant with the United States Food and Drug Administration (USFDA) regulations.
The company has reported a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 45.35 crore in FY23 to Rs 76.22 crore in FY24 and Rs 104.69 crore in FY25. PAT increased from Rs 1.51 crore in FY23 to Rs 11.61 crore in FY24 and Rs 12.05 crore in FY25.
The company derives a significant portion of its revenue from domestic sales. It accounted for Rs 81.40 crore (77.75 percent) of the company’s revenue in FY25, Rs 50.93 crore (67.00 percent) in FY24, and Rs 32.71 crore (72.00 percent) in FY23. A downturn in the domestic economy, increased competition, or shifts in local demand could adversely impact the company’s financial performance.
The top five customers accounted for Rs 82.81 crore (79.10 percent) of the company’s revenue in FY25, Rs 44.91 crore (58.93 percent) in FY24, and Rs 36.38 crore (76.32 percent) in FY23. Any failure to retain these key customers, expand the customer base, or loss of business from any of them could adversely affect the company’s business and financial standing.
The top five suppliers accounted for Rs 26.98 crore (38.61 percent) of the company’s total purchases in FY25, Rs 12.02 crore (26.78 percent) in FY24, and Rs 10.95 crore (32.34 percent) in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The company relies entirely on a single product, potato flakes, for its revenue. Any negative developments affecting the production, supply, or demand for this product could materially and adversely affect its operations and profitability.
The company reported negative cash flow from operating activities amounting to Rs 8.34 crore in FY25 and Rs 0.42 crore in FY23. Additionally, negative cash flow from investing activities amounted to Rs 18.04 crore in FY24 and Rs 2.04 crore in FY23. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
The company relies heavily on third-party transportation and logistics providers for the delivery of its products. Any sudden increase in the freight costs or unavailability of freight for the transportation of its products may hurt the company’s business and results of operations.
As of FY25, the company had trade receivables of Rs 12.45 crore (11.89 percent of the company’s total sales), a sharp increase from Rs 5.54 crore in FY24 (7.27 percent) and Rs 2.69 crore (5.9 percent) in FY23. The percentage of trade receivables to total sales has shown a consistent increase over the three years under review. Investors should note this trend. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
The company’s operations are heavily concentrated at a single location - Aligarh, Uttar Pradesh. Any adverse social, political, or economic developments in this region could harm the company’s operations and financial performance.
Shivashrit Foods' operations are heavily reliant on the availability of potatoes, which are seasonal in nature. Adverse weather conditions, poor harvests, or supply chain disruptions may affect the availability and cost of raw materials, potentially impacting production and profitability. While the company employs strategies like inventory management and supplier relationships to mitigate these risks, there is no assurance that these measures will fully offset the impact of such external factors.
As of FY25, the company had outstanding financial indebtedness amounting to Rs 47.96 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Shivashrit Foods Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Shivashrit Foods IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Individual investor | ₹135 - 142 | ₹2 - 5 Lakh |
For Shivashrit Foods IPO, eligible investors can apply as Individual investor.