Srivari Spices And Foods IPO: Shares Debut At Premium Of 141.67%

Srivari Spices and Foods Ltd., a manufacturer of spices and flour, was listed at a robust premium of Rs 101.50, or 141.67%, above the issue price. The listing was supported by strong IPO subscription numbers and strong financial performance.

The price of the stock fluctuated between Rs 101.50 and Rs 106.55 when shares of the company were traded at the counter.

The issue's bidding period began on August 7 and ended on August 9, 2023. The IPO's price range was set at Rs 40-42 per share. Only a new issue of 21.42 lakh equity shares was included in the offer. The issue attracted a lot of interest as it was subscribed to 450.03 times altogether. In retail, it was subscribed 517.95 times, 79.10 QIB, and 786.11 in NII.

Shares are currently trading at Rs 106.55, up 4.98% on the NSE SME.