Sarveshwar Foods Ltd was established in 2004, Sarveshwar Foods is primarily engaged in the business of processing and marketing of branded and un-branded basmati and non-basmati rice in the domestic and international markets. Its operations are based out of the Jammu Region in the State of Jammu and Kashmir. In addition to its home state, the company procures Basmati and non-Basmati paddy from Punjab, Haryana, Himachal Pradesh, Uttar Pradesh and Delhi.
Besides conventional Basmati and non-Basmati rice, the company has also forayed into procurement, storage, milling, sorting, packaging, branding and distribution of "Organic" Basmati and non-Basmati rice. The "Organic" business also includes organic food products such as dry fruits and nuts, pulses, lentin, flours, porridge, spices, garam masalas and super foods like chia seeds, flax seeds, quinoa seeds, etc. The company markets and distributes these organic food products under its brand "Nimbark".
As per Sarveshwar Foods Ltd Company financials, The Company's growth is very good, top line remain similar in last 5 years and there is sudden jump in bottom line for FY17 which is very surprising, and also in H1-FY-2018 profit is good are compared to FY-2017 so it’s very impressive for company growth, The RoNW is 18.46 % for last three fiscals and issue looks reasonably priced as per latest earnings. Sarveshwar Foods Ltd Company is service agriculture related specially processing and marketing of rice. Government will focused to the agriculture and Food industry so it will benefit to this company, there is good potential for fundamental growth for every yesr. So, we Recommendation is "Apply" rating to this SME IPO.
Besides conventional Basmati and non-Basmati rice, the company has also forayed into procurement, storage, milling, sorting, packaging, branding and distribution of "Organic" Basmati and non-Basmati rice. The "Organic" business also includes organic food products such as dry fruits and nuts, pulses, lentin, flours, porridge, spices, garam masalas and super foods like chia seeds, flax seeds, quinoa seeds, etc. The company markets and distributes these organic food products under its brand "Nimbark".
As per Sarveshwar Foods Ltd Company financials, The Company's growth is very good, top line remain similar in last 5 years and there is sudden jump in bottom line for FY17 which is very surprising, and also in H1-FY-2018 profit is good are compared to FY-2017 so it’s very impressive for company growth, The RoNW is 18.46 % for last three fiscals and issue looks reasonably priced as per latest earnings. Sarveshwar Foods Ltd Company is service agriculture related specially processing and marketing of rice. Government will focused to the agriculture and Food industry so it will benefit to this company, there is good potential for fundamental growth for every yesr. So, we Recommendation is "Apply" rating to this SME IPO.
Sarveshwar Foods Ltd IPO Details
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Issue Open | 05-03-2018 |
Issue Close | 07-03-2018 |
Allotment Date | 13-03-2018 |
Unblocked Amount | 14-03-2018 |
Listing Date | 15-03-2018 |
Issue Share | 64,67,200 Total Equity Share 3,24,800 Share Reserved by Market Maker |
Issue Size | ₹ 53.86 Cr Total |
IPO Price Band | ₹ 83 - 85 |
Minimum Investment Amount [Rs] | ₹ 1,32,800 - 1,36,00 |
Minimum Share Bid | 1600 |
Face Value | ₹ 10 |
Retail Allocation | 50% |
Listing On | NSE SME |
Premium [Per Share] | NA |
Average Earning Per Share | NA |
Expected Listing Gain | ₹ 10000 |
Sarveshwar Foods Ltd IPO Financial details [in Rs, Cr]
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Financial Year | Total Revenue | Total Expenses | Profit After Tax |
FY-2013 | 103.07 | 97.14 | 5.50 |
FY-2014 | 241.37 | 231.61 | 7.40 |
FY-2015 | 262.50 | 252.45 | 7.97 |
FY-2016 | 355.19 | 348.24 | 5.54 |
FY-2017 | 419.89 | 402.27 | 12.96 |
H1-FY-2018 | 259.39 | 247.32 | 7.93 |
Sarveshwar Foods Ltd IPO Subscription Details
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As on Date | QIB/NII | RII | Total |
Shared Offred | 30,71,200 | 30,71,200 | 61,42,400 |
Day-1 [05-03-2018] | 4,83,200 [0.16] | 3,32,800 [0.11] | 8,16,000 [0.13] |
Day-2 [06-03-2018] | 12,43,200 [0.41] | 17,95,200 [0.59] | 30,38,400 [0.50] |
Day-3 [07-03-2018] [06:30 PM] |
44,19,200 [1.43] | 56,91,200 [1.86] | 1,01,10,400 [1.65] |
Sarveshwar Foods Ltd IPO Valuation Details
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Earnings Per Share [EPS] | ₹ 7.16 |
Price/Earnings [P/E] Ratio | 11.59 - 11.87 |
Return on Net Worth [RoNW] | 18.46 % |
Net Asset Value [NAV] | ₹ 38.75 Per Share |
Sarveshwar Foods Ltd IPO Contact Details
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Sarveshwar Foods Limited
Sarveshwar House Below Gummat Jammu 180 001 Phone: +91 191 2547391 Email: investorrelations@sarveshwarrice.com Website: www.sarveshwarrice.com |
Registrar of Sarveshwar Foods Ltd IPO
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BIGSHARE SERVICES PRIVATE LIMITED
1st floor, Bharat Tin works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai 400059 Tel: +91 22 62638200 Fax: +91 22 62638299 Email: ipo@bigshareonline.com Investor Grievance Email: investors@bigshareonline.com Website: www.bigshareonline.com Contact Person: Vipin Gupta SEBI Registration Number: INR000001385 |
Lead Managers of Sarveshwar Foods Ltd IPO
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KEYNOTE CORPORATE SERVICES LIMITED
The Ruby, 9th Floor Senapati Bapat Marg, Dadar (West) Mumbai 400 028, India. Telephone: +91 22 3026 6000 Facsimile: +91 22 3026 6088 Email: mbd@keynoteindia.net Investor grievance email: info@keynoteindia.net Contact Person: Akhil Mohod Website: www.keynoteindia.net SEBI Registration Number:INM000003606 SMALL INDUSTRIAL DEVELOPMENT BANK OF INDIA SIDBI, MSME Development Centre Plot No. C-11, ‘G’ Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051, India. Telephone: +91 22 6753 1100 Facsimile: +91 22 6753 1236 Email: equity@sidbi.com Investor grievance email: merchantbanking@sidbi.in Contact Person: Suresh Kumar Rai Website: www.sidbi.net SEBI Registration Number:INM000012086 INDIAN OVERSEAS BANK 763, Anna Salai Chennai 600 002, India. Telephone: +91 44 2851 9548/ 2888 9367 Email: mbd@iobnet.co.in Investor grievance email: mbdregu@iobnet.co.in Contact Person: P. Jayakumar/ A. Nagappan-MBD Chennai S. Muralidharan- Mumbai Website: www.iob.in SEBI Registration Number:INM000001386 ASIT C. MEHTA INVESTMENT INTERRMEDIATES LIMITED Nucleus House, Saki vihar road Andheri (East), India. Mumbai – 400 072 Telephone: +91 22 2858 3038 Facsimile: +91 22 2857 7894 Email: purvi.ambani@acm.co.in Investor grievance email: investorgrievance@acm.co.in Contact Person: Purvi R. Ambani Website: www.investmentz.com SEBI Registration Number:INM000010973 |
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Sarveshwar Foods Ltd IPO Recommendations
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