Shreeji Global FMCG Launches Rs 85 Crore IPO on NSE SME Platform
Shreeji Global FMCG, known for its 'SHETHJI' brand in the food and spice segment, has opened its IPO for subscription from November 4 to 7. The company aims to raise Rs 85 crore through a book-built issue of 68 lakh equity shares, priced between Rs 120-125 per share. The IPO includes an anchor investment of Rs 14.53 crore. Funds will be used for expanding factory premises, acquiring machinery, setting up cold storage, and meeting working capital needs. Shreeji reported a revenue of Rs 650.85 crore (11% growth) and a profit after tax of Rs 12.15 crore (122% growth) in its recent financial performance.
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Shreeji Global FMCG, a prominent player in the food and spice segment, has opened its Initial Public Offering (IPO) for subscription on November 4. The company, known for its 'SHETHJI' brand, aims to raise Rs 85 crore through this book-built issue on the NSE SME platform.
IPO Details
| Particulars | Details |
|---|---|
| Issue Size | 68 lakh equity shares |
| Price Band | Rs 120 - Rs 125 per share |
| Subscription Period | November 4 - November 7 |
| Expected Listing Date | November 12 |
| Minimum Investment (Retail) | Rs 2.5 lakh |
| Anchor Investment | Rs 14.53 crore raised at Rs 125 per share |
Company Overview
Shreeji Global FMCG operates in the food and spice segment under the 'SHETHJI' brand. The company has established its manufacturing presence with facilities located in Rajkot and Morbi, Gujarat.
Financial Performance
The company has demonstrated strong financial growth:
| Metric | Amount | Growth |
|---|---|---|
| Revenue | Rs 650.85 crore | 11.00% |
| Profit After Tax | Rs 12.15 crore | 122.00% |
Utilization of IPO Proceeds
The funds raised through this IPO will be allocated towards:
- Establishing new factory premises
- Acquiring plant and machinery
- Setting up cold storage units
- Installing solar power systems
- Meeting working capital requirements
This strategic allocation of funds indicates the company's focus on expanding its production capabilities and enhancing operational efficiency.
Investor Insight
The significant growth in profit after tax, outpacing revenue growth, suggests improved operational efficiency or higher-margin product mix. However, potential investors should conduct thorough research and consider market conditions before making investment decisions.
As Shreeji Global FMCG enters the public market, its performance on the NSE SME platform will be closely watched by investors and industry observers alike.
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