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Shreeji Global FMCG Ltd

Complete IPO details, including price band, financials, subscription status, and key insights.

Participate in the Shreeji Global FMCG Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.

IPO Snapshot

Key metrics and details at a glance.

Price Band

₹125

Per Share

Lot Size

1000 Shares

Minimum Investment

₹1,25,000

Issue Size

₹85 Cr

Face Value

₹10

Per Share

IPO Type

Book Building - SME

Retail Quota

49.01%

QIB Quota

30%

NII Quota

20.99%

IPO Timeline

Important dates for your applying strategy.

IPO Opens4 Nov
IPO Closes7 Nov
Basis of Allotment10 Nov
Refund Initiation11 Nov
Shares Credited11 Nov
Listing Date12 Nov
IPO Process Completed

Subscription Status

Live demand across investor categories.

Track real-time subscription levels:

*Real-time data subject to exchange updates

Qualified Institutional Buyers (QIB)-3.29x
Non-Institutional Investors (NII)4.25x
Retail Individual Investors (RII)2.92x
Overall Subscription3.14x

Shreeji Global FMCG Ltd

Business model, operations, and market positioning.

Promoter Holding (Pre-Issue)

99.99%

Promoter Holding (Post-Issue)

70.12%

Issue Type

Book Building - SME

ISIN

INE1FL101016

About the Company

Currently, we are engaged in, the manufacturing and processing of ground & whole spices, seeds, grains & pulses and Atta (Flour). Our products marketed under our brand name "SHETHJI" and under white label (customers logo). Our product portfolio includes a wide range of whole spices, ground spices, oilseeds, flour and pulses, which are processed at our facility using standardized techniques. We are engaged in the manufacturing of Ground (powdered) spices through a structured sequence of cleaning, grading, sorting, and grinding, aimed at delivering a consistent and stable range of spice & seed powders. Our product line includes channa, cumin seeds (jeera), coriander seeds, sesame seeds, groundnut, kalonji seeds, fennel seeds, coriander powder, red chilli powder, and turmeric powder. Each of these products is handled under defined quality parameters to ensure uniformity in texture, aroma, and shelf life. This integrated process flow enables us to deliver both raw, processed and value-added agro-products under own brand, catering to various customer needs in retail and bulk segments.

Industry Overview

India is the world's largest spice producer. It is also the largest consumer and exporter of spices. The production of different spices has been growing rapidly over the last few years. The production of spices in FY24 was estimated at 12 million metric tonnes. Whereas production in FY23 stood at 11.14 million tonnes compared to 11.12 million tonnes in FY22. During FY23, the export of spices from India stood at US$ 3.73 billion from US$ 3.46 billion in FY22. During FY23, the export of spices from India stood at US$ 3.73 billion from US$ 3.46 billion in FY22. India produces about 75 of the 109 varieties which are listed by the International Organization for Standardization (ISO). The most produced and exported spices are pepper, cardamom, chilli, ginger, turmeric, coriander, cumin, celery, fennel, fenugreek, garlic, nutmeg & mace, curry powder, spice oils and oleoresins. Out of these spices, chilli, cumin, turmeric, ginger and coriander makeup about 76% of the total production. The largest spices-producing states in India are Madhya Pradesh, Gujarat, Andhra Pradesh, Rajasthan, Telangana, Karnataka, Maharashtra, Orissa, Uttar Pradesh, Assam, West Bengal, Tamil Nadu and Kerala.

Company History

Our Company was originally incorporated as "Shreeji Agri Commodity Private Limited", on February 01, 2018 under the Companies Act, 2013, with the Registrar of Companies ("ROC"), Central Registration Centre bearing Corporate Identification Number U51909GJ2018PTC100732. Subsequently, it was converted into a public limited company pursuant to a special resolution passed by the shareholders at the Extraordinary General Meeting held on June 25, 2024, and upon conversion, the company's name was changed to "Shreeji Agri Commodity Limited", and fresh Certificate of Incorporation consequent upon conversion to public company was issued by the Registrar of Companies ("ROC"), Central Processing Centre, bearing Corporate Identification Number U51909GJ2018PLC100732 dated August 19, 2024. Thereafter, the company changed its name from "Shreeji Agri Commodity Limited" to "Shreeji Global FMCG Limited", pursuant to a special resolution passed by the shareholders in their meeting held on January 12, 2025, and a fresh Certificate of Incorporation pursuant to change of name was issued by the Registrar of Companies, Central Processing Centre, on January 23, 2025. The CIN of the Company is U51909GJ2018PLC100732.

Products & Services

  • The Company is engaged in, the manufacturing and processing of ground & whole spices, seeds, grains & pulses and Atta (Flour).

Growth Strategy

  • Manufacturing Expansion.
  • Development of In-House Cold Storage Facility.
  • Introducing New Product Range of Blended & Mixed Spices.
  • Expansion into Multigrain and Millet-based Flour Products.
  • Strategic Focus on D2C, E-Commerce, and Online Sales.
  • Product Portfolio Expansion under the "Shethji" Brand.

Customer Base

Wholesaler and Retailer

Financial Performance

Revenue, profit after tax and total assets across the last 3 reported financial years.

Standalone figures
Financial Performance Categories

Revenue

+38.9%vs FY23

Amount in ₹ crore

467
588
649
FY23FY24FY25

Profit After Tax (PAT)

+493%vs FY23

Amount in ₹ crore

2.05
5.47
12.2
FY23FY24FY25

Total Assets

+95.1%vs FY23

Amount in ₹ crore

60.0
117
117
FY23FY24FY25

Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.

Objects of the Issue

How the company plans to utilize IPO proceeds.

Use of Proceeds

The funds raised through this IPO will be used for:

Initial public issue of 68,00,000 equity shares of face value of Rs.10/- each of Shreeji Global FMCG Limited ("SGFL" or the "company" or the "issuer") for cash at a price of Rs.125/- per equity share including a share premium of Rs.115/- per equity share (the "issue price") aggregating to Rs.85.00 ("the issue"), of which 3,40,000 equity shares of face value of Rs.10/- each for cash at a price of Rs.125/- per equity share including a share premium of Rs.115/- per equity share aggregating to Rs.425.00 will be reserved for subscription by market maker to the issue (the "market maker reservation portion"). The issue less the market maker reservation portion i.e., net issue of 64,60,000 equity shares of face value of Rs.10/- each at a price of Rs. 125/- per equity share aggregating to 80.75 crores is herein after referred to as the "net issue". The issue and the net issue will constitute 29.88% and 28.38% respectively of the post issue paid up equity share capital of the company. The price band and the minimum bid lot will be decided by the company.

*Subject to approvals and market conditions.

Strengths & Risks

Key competitive advantages and factors to consider before investing.

Strengths and Risk Factors
  • Strategic Geographic Advantage.
  • Timeless Demand for Indian Spices along with the Adaptable Business Model.
  • Wide range of Product Portfolio.
  • Diversified Customer Base contributes to greater business stability.
  • Experienced Promoters and Strong Leadership Team.
  • The company's business is highly dependent on the availability and pricing of agricultural raw materials such as spices, seeds, grains, pulses, and wheat, which are subject to seasonal, climatic, and market fluctuations beyond its control.
  • The company generates a major portion of sales from its operations from state of Gujarat. Any adverse developments affecting the company's operations in these regions could have an adverse impact on the company's revenue and results of operations.
  • The company operates in a highly competitive industry, and increased competition or pricing pressures from existing and new market participants may adversely affect its business, financial condition, and results of operations.
  • The company operates under both its own brand and white label arrangements, and any adverse development in either segment could impact the company's revenue and brand positioning.
  • The Company is planning to enter into New Segment of Mixed Spices.

Frequently Asked Questions

01

What is the minimum investment required to apply for this IPO?

The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.
02

How is IPO allotment decided?

IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.
03

When will I know if shares are allotted to me?

Allotment status is usually finalized a few days after the IPO closes. Once finalized, shares are either credited to your Demat account (if allotted) or the blocked funds are released back to your bank account.
04

Can I modify or cancel my IPO application?

Yes, you can modify or cancel your IPO application anytime before the IPO closing date. Changes can be made through your Alice Blue account, subject to exchange cut-off timings.
05

What happens if the IPO is oversubscribed?

If the IPO receives more applications than the number of shares available, it is considered oversubscribed. In such cases, allotment in the retail category is done on a proportionate or lottery basis, and not all applicants may receive shares.