Srivari Spices and Foods Ltd. has announced public offering of 2142000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 32.00 per share. The gross proceeds of the issue are expected to be Rs 899.64 lakhs.

The company's initial public offer (IPO) will open on 07 August 2023 and is expected to close on 09 August 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 40.00-42.00 per share.

The IPO includes a fresh Issue of 2142000 Equity Shares of the Company at an price of Rs 42.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Srivari Spices and Foods Ltd. anticipates using the proceeds of the issue for .

GYR CAPITAL ADVISORS PRIVATE LIMITED as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.