Srivari Spices IPO to be allotted on Aug 14: How to check allotment status, GMP

Srivari Spice and Meals Restricted, a producer of wheat flour and spices with presence in Telangana and Andhra Pradesh, will allot its Preliminary Public Providing (IPO) share on Monday, i.e August 14. These prepared to verify their allotment standing can achieve this by logging on to Bigshare Providers Pvt Ltd’s portal. The IPO was open for subscription from August 7 to 9.

Srivari Spices and Food Ltd's IPO will be listed on August 18.(Representative Photo)
Srivari Spices and Meals Ltd’s IPO might be listed on August 18.(Consultant Photograph)

The refund course of for many who weren’t allotted shares will start on August 16. The buyers who had been allotted shares will obtain them of their demat accounts on August 17. The IPO itemizing will happen on August 18.

Learn how to verify allotment standing

To verify allotment standing, go browsing to the web site of IPO registrar Bigshare Providers Pvt Ltd, by clicking right here.

After the web site homepage masses, choose “Srivari Spices and Meals IPO” in firm identify part. Now, choose ‘ ‘Application No/CAF No or Beneficiary ID or PAN Number’ and fill the quantity requested for. Click on on ’Search’. You’ll get to know the allotment standing of the IPO you’ve utilized for.

Gray Market Premium right this moment

In response to web site, the share of Srivari Spices was buying and selling at 28 within the gray market, lower than Friday’s GMP of 30. A gray market is mainly an official inventory and functions market the place the buyers commerce for shares or functions earlier than they’re formally launched for buying and selling within the inventory alternate.

The corporate’s contemporary difficulty dimension is as much as 21.42 lakh fairness shares at a face worth of 10 every. The online proceeds from the IPO might be utilized to fund working capital necessities and basic company function. The problem closes on August ninth, 2023.

The IPO’s E book Working Lead Supervisor is GYR Capital Advisors Personal Restricted and the registrar is Bigshare Providers Personal Restricted.

Rathi Narayan Das, Chairman & Entire – Time Director, Srivari Spices and Meals Restricted mentioned in an announcement,” Our mission is to provide natural and high quality merchandise to our clients. At present we’re supplying in and round Telangana and Andhra Pradesh, and the IPO funding will allow us to increase our attain and supply us the working capital to develop our enterprise extra successfully growing our market share.

Srivari Spices and Meals Restricted was integrated in 2019 and has a serious presence in Telangana and Andhra Pradesh. It began its enterprise with manufacturing of Turmeric, Chilli and coriander powder and inside 4 years, it expanded its product combine to numerous spices and manufacturing Chakki Aata.

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