Shivashrit Foods Ltd., a potato flakes manufacturer from Aligarh, Uttar Pradesh, is set to launch its maiden IPO on August 22, 2025, aiming to raise ₹70.03 crore. The company has fixed a price band of ₹135–142 per share for its initial offering.
Shivashrit Foods Ltd., incorporated in 2017, is a growing name in India’s food processing industry, with its headquarters and manufacturing unit based in Aligarh, Uttar Pradesh. The company specializes in producing potato flakes, a key ingredient used in snack foods, ready-to-eat meals, and processed food products. With a current installed capacity of 28.8 metric tonnes per day, Shivashrit Foods has steadily expanded its presence in the packaged and processed food supply chain.
The company will tap the primary markets for the first time with an Initial Public Offering (IPO) opening on August 22, 2025. The public issue will remain open until August 26, 2025, with an anchor book launch on August 21 for institutional investors.
The IPO aims to raise ₹70.03 crore through a total issue of 49.32 lakh equity shares. Of this, 43.16 lakh shares will be issued as a fresh offering, while 6.16 lakh shares will be offered through an Offer for Sale (OFS) by the promoter group.
At the upper price band of ₹142 per share, Shivashrit Foods expects to generate enough capital to support its expansion roadmap. The company has allocated ₹26.3 crore for setting up new projects, ₹19 crore to meet additional working capital needs, and the balance towards general corporate purposes.
On the financial front, Shivashrit Foods has shown steady growth. For the financial year ending March 2025, the company reported a net profit of ₹12 crore, marking a 3.8% increase compared to the previous year. Revenue during the same period rose sharply by 37.4%, reaching ₹104.7 crore, compared to ₹76.2 crore in FY24.
With growing demand for processed food ingredients and a robust financial performance, the IPO has attracted attention from both retail and institutional investors. The issue is being managed by Mark Corporate Advisors Ltd., acting as the sole merchant banker for the offering.
This listing marks a key milestone for Shivashrit Foods as it transitions from a regional agro-processor to a publicly listed entity on Dalal Street, positioning itself to leverage India’s expanding packaged food consumption trends.
READ MORE ON