Sarveshwar Foods Ltd IPO (Sarveshwar Foods IPO) Detail
Sarveshwar Foods Ltd :
Sarveshwar Foods Ltd company is involved in the business of processing and marketing of branded and un-branded basmati and non-basmati rice in the domestic and international markets. Company’s operations are based out of the Jammu Region in the State of Jammu and Kashmir.
Company is one of the leading Indian company with a presence across the entire rice value chain, which includes procurement, storage, milling, sorting, packaging, branding and distribution.company offers procurement, storage, milling, sorting, packaging, branding and distribution of Rice.
SARVESHWAR FOODS LTD is incorporated on 03 August, 2004. The registered office of the company is at SARVESHWAR HOUSEBELOW GUMAT, JAMMU, JAMMU AND KASHMIR, Jammu & Kashmir.Company currently have two rice milling and processing facilities i.e. at Seora (Unit I) and SIDCO (Unit II). Sarveshwar foods ltd bring the purest original grains grown in home conditions in the foothills of the Himalayas. The ideal climate and traditional cultivation methods help develop the unique aroma, taste and texture of our rice.Sarveshwar foods ltd product range includes the complete range of Indian traditional Basmati rice, 1121 Basmati Rice, Pusa Basmati Rice, Sharbati Rice, PR 11 rice, IR 8 rice, and so on.
Along with the varied variety of conventional Basmati and non-Basmati rice, Company’s product portfolio also includes organic Basmati and non-Basmati rice including range of other organic products.
Besides conventional Basmati and non-Basmati rice, 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”. Products are available in numerous packaging sizes: from 1 kg, 2 kg, 5 kg and 10 kg, to larger packs of 20 kg and 25 kg. Sarveshwar foods ltd offer different packaging options, such as PP bags, HDPE bags, non-woven fabric bags and jute bags. in May, 2017 Sarveshwar foods ltd launched its flagship retail store in the name of “Nimbark – Living the Satvik Way” for organic products at Channi Himmat, Jammu.
n the international markets, Company’s products are sold and distributed in the USA, Europe and Middle East. Most of the exports are bulk exports or sold under third party labels.
In addition to selling Basmati and non-Basmati rice in Europe and USA under third party labels, They also export basmati and non-basmati rice (both organic and conventional) under our their brand “Sarveshwar” and “Nimbark“.
Company has an extensive distribution network which enables our products reach states in India like J&K, Delhi, Telangana, Andhra Pradesh and cities like Chennai, Pune.
In addition, they intend to increase their presence in the Indian market by distributing their branded rice,both conventional and organic rice, in states such as Maharashtra, Gujarat, Rajasthan, Karnataka, Madhya Pradesh and Goa.
Some of products offered by SARVESHWAR FOODS Ltd:
(1)SARVESHWAR TRADITIONAL BASMATI RICE
(2)SARVESHWAR SUPER BASMATI RICE
(3)SARVESHWAR ULTRA LONG BASMATI RICE
Sareveshwar foods has access more than 9000 hectares of land for procurement of organic basmati rice.Company has associated with various distributors in the Jammu Region and Rest of India.Some areas that are not covered by a distributor and there are wholesaler or direct retailers who are available for supply of their products, They have also entered into arrangements with such wholesalers and retailers for the effective distribution of the products in such areas.Company has entered into arrangements for supply of Basmati and non-Basmati rice under our brand with hypermarkets like Wal-Mart, Big-Bazaar, Easyday having their stores at Jammu.In the Jammu Region, they also supply their products directly to hotels, restaurants and caterers. Company believes that they are are one of the largest suppliers of basmati and non-basmati rice to hotels and restaurants in State of Jammu and Kashmir.Sarveshwar foods ltd has been associated with the Shri Mata Vaishno Devi Shrine Board for the past ten (10) years for the supply of basmati and non-basmati rice. Shri Mata Vaishno Devi Shrine Board governs the Hindu pilgrimage temple of Mata Vaishnodevi situated in Katra, Jammu at the Trikuta Mountains. They supply more than 8,600 MT of Basmati and non-Basmati rice to them on an annual basis.Company supplies its products to the Indian Armed and Paramilitary Forces based in the State of J&K like Army Wives Welfare Association (AWWA), Air Force Wives Welfare Association (AFWWA), BSF Wives Welfare Association (BWWA), CRPF Wives Welfare Association (CWWA) and Mess of BSF/CRPFdeployed in J&K.
SARVESHWAR FOODS Ltd Promoters:
Mr. Rohit Gupta is the promoter of the company.
SARVESHWAR FOOD LTD Management Team:
- Mr. Suraj Parkash Gupta (Designation: Honarary Chairman)
- Mr. Rohit Gupta (Designation: Managing Director)
- Mr. Anil Kumar (Designation: Executive Director)
Objects of the Issue:
1. Part finance long term working capital requirement;
2. Invest in subsidiary;
3. General Corporate Purpose; and
4. Meet the expenses of the issue.
Promoters Stake Pre & Post Issue:
|Shareholder Name||Pre Issue Stake (%)||Post Issue Stake|
|Mr. Rohit Gupta||99.94%||73.64%|
|Mr. Suraj Parkash Gupta||0.06%||0.04%|
|Promoter Group Entities||Negligible||Negligible|
Sarveshwar Foods Ltd IPO Financial details [in Rs, Cr]
|Financial Year||Total Revenue||Total Expenses||Profit After Tax|
Financials of the SARVESHWAR FOODS LTD:
|(in Crores)||FY 13||FY 14||FY 15||FY 16||FY 17||30th Sept 17|
SARVESHWAR FOODS LTD IPO DETAILS:
|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|
|Listing On||NSE SME|
Important Dates For Sarveshwar foods ltd ipo:
|Finalization of Basis of Allotment||on or Before 12th March 2018|
|Initiation of Refunds||on or Before 13th March 2018|
|Credit of Equity Shares:||on or Before 14th March 2018|
|Listing Date:||on or Before 15th March 2018|
Sarveshwar Foods Ltd IPO Valuation Details
|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 CONTACT INFORMATION:
Sarveshwar Foods Ltd
Jammu – 180001
Sarveshwar Foods IPO Registrar
BIGSHARE SERVICES PVT. LTD
Bigshare Services Pvt Ltd E-2 & 3,
Ansa Industrial Estate, Saki-Vihar Road,
Sakinaka, Andheri(E), Mumbai – 400 072
Fax: 91-22-2847 5207
Lead Managers of SARVESHWAR FOODS LTD IPO
KEYNOTE CORPORATE SERVICES LTD