Srivari Spices IPO allotment has been finalised today. Investors can check allotment status on Bigshare Services Pvt Ltd s portal. Refund process begins on Aug 16. Listing date is Aug 18. GMP is +28.
The Rs 9 crore issue, which opened on August 7 and closed on August 9, received bids for over Rs 2,500 crore. The IPO is completely a fresh equity issue of 21.42 lakh shares. There is no offer for sale (OFS) segment.
The production of different spices has been growing rapidly over the last few years. Production in FY21, FY22 and FY23 was 11.04, 10.88 and 11.14 million tonnes, respectively.