Sarveshwar Foods Ltd IPO (Sarveshwar Foods IPO) Detail

SARVESHWAR FOODS LTD IPO

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:

SARVESHWAR FOODS LTD IPO

(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:

SAREVESHWAR FOODS

  1. Mr. Suraj Parkash Gupta (Designation: Honarary Chairman)
  2. Mr. Rohit Gupta (Designation: Managing Director)
  3. 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
Promoters
Mr. Rohit Gupta 99.94% 73.64%
Mr. Suraj Parkash Gupta 0.06% 0.04%
Promoter Group Entities           Negligible        Negligible
Total 99.99% 73.68%
Sarveshwar Foods Ltd IPO Financial details [in Rs, Cr]
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

Financials of the SARVESHWAR FOODS LTD:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17 30th Sept 17
Revenue 103.6 241.37 262.50 355.19 419.88 259.38
Net Profit 5.49 7.20 7.78 5.47 12.86 7.75

SARVESHWAR FOODS LTD IPO DETAILS:

IPO  DEATAILS
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

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
Sarveshwar House,
Below Gummat,
Jammu – 180001
Phone: +91-191-2547391
Fax: +91-191-2547391
Email: investorrelations@sarveshwarrice.com
Website: http://www.sarveshwarrice.com

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

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: investor@bigshareonline.com

Lead Managers of SARVESHWAR FOODS LTD IPO

KEYNOTE CORPORATE SERVICES LTD
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 LTD
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

 

 

Author: admin

Leave a Reply

Your email address will not be published. Required fields are marked *