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Srivari Spices and Foods Limited is a spice and flour manufacturing company based in Telangana and Andhra Pradesh. The company is coming up with an initial public offering (IPO) of 2,142,000 equity shares of ₹10 each. The IPO is priced at ₹40 to ₹42 per share, with a face value of ₹10. The issue opens for subscription on August 7, 2023, and closes on August 9, 2023. Srivari Spices and Foods is a well-established company with a strong track record of growth. The company has been growing at a CAGR of 25% over the past three years. In FY22, the company's revenue was ₹17.64 crores, and its net profit was ₹2.75 crores. The company has a strong distribution network in Telangana and Andhra Pradesh. It has over 3,000 distributors and retailers, and its products are available in over 15,000 outlets. The company is also expanding its distribution network to other parts of the country. Srivari Spices and Foods is a profitable company with a good track record of growth. The company has a strong distribution network and is expanding its presence in other parts of the country. The IPO is priced at a reasonable valuation, and it could be a good investment opportunity for investors looking for exposure to the food and beverage sector. More Details about Srivari Spices and Foods IPO.
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