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InvestmentsIPOShreeji Global FMCG IPO

Shreeji Global FMCG IPO

SME

Open Date

4 Nov 2025

Close Date

7 Nov 2025

Min Investment

₹ 2,50,000

Lot Size

1,000

Issue Size

₹ 85.00 Cr

Price Range

₹ 120 - ₹ 125

Subscribed

3.07 x
status

This IPO is now Live.

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IPO Timeline
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IPO Offer Start
4 Nov 2025
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IPO Offer Ends
7 Nov 2025
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Allotment Finalisation
10 Nov 2025
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Refund Initialisation
11 Nov 2025
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Non-Institutional Buyers (sHNI)
11 Nov 2025
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Listing of Shares
12 Nov 2025
IPO Subscription Details as on 2 Apr 2026, 01:29 AM
Qualified Instituational Buyers (QiB)
1.12 x
Retail
2.67 x
Total
3.07 x
Non-Institutional Buyer (bHNI)
6.32 x
Non-Institutional Buyer (sHNI)
2.71 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Shreeji Global FMCG Limited is an agri-commodities processing company originally incorporated as Shreeji Agri Commodity Private Limited in February 2018, later converted to a public limited company in June 2024, and renamed to its current name in January 2025. The company is engaged in manufacturing and processing of ground and whole spices, seeds, grains, pulses, and Atta (flour). The company's products are marketed under the brand name 'SHETHJI' and also supplied under white label arrangements. The company's product portfolio includes whole spices such as coriander seeds, cumin seeds, fennel seeds, and fenugreek seeds, along with ground spices like red chilli powder, turmeric powder, and coriander powder. The company operates through a structured manufacturing process involving cleaning, grading, sorting, and grinding of raw materials sourced from Agricultural Produce Market Committees (APMCs) and local mandis. The company has established two strategically located manufacturing facilities in Gujarat - one at Kuvadava GIDC and another at Shreenathji Industrial Zone, along with branch offices at APMCs in Rajkot and Gondal. The company serves a diversified customer base including individual traders, wholesalers, corporate clients, and export buyers across 25 countries. The company is planning business expansion through forward integration by establishing dedicated manufacturing facilities for blended spices and multigrain flour, along with cold storage facilities. The company's operations are supported by experienced promoters Jitendra Kakkad and Vivek Kakkad, who have extensive experience in the agri-commodities sector.
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Founded In

2018

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CEO

Jignesh Mehta

Financials of Shreeji Global Fmcg IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue46,728.5658,822.5664,892.15
Other Income140.7376.91193.04
Total Income
46,869.5958,899.4765,085.19
Total Expenses
46,589.7558,174.1463,453.67
Profit Before Tax279.84725.331,631.52
Total Profit
205.23547.261,215.13

All figures are in lakhs (₹)

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Utilisation of Proceeds

All figures are in lakhs (₹)

PurposeAmount
The company proposes to utilize the net proceeds for capital expenditure requirements for factory premises. This includes civil and structural work, covering the supply and erection of the Pre-Engineered Building (PEB) primary structure, as well as the construction of an RCC building and factory shed. The company will have additional factory premises at Plot no. 1, Revenue Survey no 172, Taluka - Wankaner, village - kherva, dist. Morbi, Gujarat on lease basis. The proposed factory premises will be built to have facilities for processing of blended spices and ground spices, manufacturing of Multi Grain Atta, packing facility for pouch 10 grams to 5 kg bags, and solar power facility on roof. The total build up area will be 40,000 sq. fts comprising RCC Structures of 15000 sq. fts and PEB Shed of 25000 sq. fts.567
The company proposes to utilize the net proceeds for capital expenditure for purchase of equipment/machineries and cold storage facility. The rationale for the proposed capacity enhancement is driven by the company's strategic objective of forward integration, product diversification, and establishing an integrated manufacturing infrastructure. The proposed expansion targets distinct and value-added product categories such as blended spices, multigrain/millet-based flours, and a dedicated cold storage facility. The company proposes to set up an automatic manufacturing plant with an installed capacity of 22,500 MT per annum for blended spices and 37,500 MT per annum for flours. The cold storage facility with a proposed capacity of 5,000 MT will enable the company to store raw materials and finished goods under optimal conditions, preserving their chemical properties, natural colour, and aroma.2,901
The company proposes to utilize the net proceeds for installation of Solar Power Plants. As part of the company's ongoing operational planning to optimize energy consumption and manage long-term electricity costs, the company has reviewed the feasibility of utilizing rooftop areas at multiple industrial facilities for the installation of solar power systems. The company plans to install a total solar capacity of 1000 kWp, distributed across four sites, with system sizes aligned to the available rooftop area at each location. The solar power plant with a proposed capacity of 1,000 KW is expected to contribute to energy cost savings and promote sustainability in operations.425
The company proposes to utilize the net proceeds to fund its working capital requirements. With the continuous expansion of the company's business operations, the company has experienced substantial growth in turnover. The growth in working capital requirements is aligned with the expansion of the company's business operations. The constituents of working capital include raw material and finished goods, trade receivables, loans and advances, other current assets, trade payables, other current liabilities, and provisions. As the company continues to expand, efficient management of working capital is crucial to maintaining seamless operations, optimizing production cycles, and ensuring timely fulfillment of orders. The proposed allocation from net proceeds will provide adequate liquidity to support this growth, reduce dependence on external borrowings, and strengthen the financial position of the company.3,354
The company proposes to deploy the balance net proceeds towards general corporate purposes subject to such utilization not exceeding 15% of the gross proceeds or Rs. 10 crores whichever is less in compliance with the SEBI ICDR Regulations. The company's management will have flexibility in applying the net proceeds towards general corporate purposes, including but not restricted to financing working capital requirements, capital expenditure, acquiring business premises, meeting exigencies etc or any other purpose as may be approved by the company's Board, subject to compliance with the necessary provisions of the Companies Act.-
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  • Strategic Geographic Advantage: The company benefits immensely from its strategic location in the agriculturally rich regions of Gondal and Rajkot in Gujarat, which are among India's key agri-produce hubs. The company's direct licensing and operational presence in the Agricultural Produce Market Committees (APMCs) of both Gondal and Rajkot gives the company a significant edge in sourcing premium-quality raw materials at competitive market prices. The company's two major processing facilities are located in close proximity to each other and to the APMCs (within a radius of 30 kilometers), offering a strong operational advantage. The company's manufacturing facilities are strategically located approximately 250 kilometers from Mundra Port, one of India's largest and most efficient ports, ensuring seamless export logistics.
  • Timeless Demand for Indian Spices along with the Adaptable Business Model: The demand for authentic Indian spices continues to grow steadily, both in domestic and international markets. The company's operations are built on a foundation of flexible manufacturing & processing of agri products and supply chain systems, enabling the company to respond effectively to market dynamics and customer demands. The company's sourcing framework, which leverages direct procurement from local APMCs and supplier networks, is designed to scale proportionately with demand, maintaining consistency in material availability and pricing stability.
  • Wide range of Product Portfolio: The company's strength lies in its wide range of product portfolio, which enables the company to cater to a wide spectrum of consumer preferences and market segments. The company offers range of products that includes traditional Indian food items such as whole and ground spices, pulses, grains, cereals and oil seed and flour (atta). The company supplies and makes available products in multiple sizes and formats to suit diverse market needs. The company's ability to operate across different product lines also strengthens the company's presence in both domestic and international markets.
  • Diversified Customer Base contributes to greater business stability: The company serves a broad and varied customer base, encompassing individual retailers, wholesale distributors, corporate clients, and export buyers. This diversity contributes to greater business stability and enables the company to minimize dependency on any single customer segment. The company offers flexible packaging solutions, ranging from 20 grams to 30 kilograms, across the company's product range. The company is also actively focusing on expanding its international footprint and is well-positioned to handle larger export orders as global interest in Indian food products and spices continues to rise.
  • Experienced Promoters and Strong Leadership Team: The company is backed by a highly experienced team of promoters, directors, and executives who have been instrumental in driving the company's sustained growth and operational efficiency. With nearly two decades of experience in the agro sourcing, supply and processing industry, the company's promoters, Jitendra Kakkad & Vivek Kakkad, play a crucial role in shaping the company's strategic direction. A significant strength of the organization also lies in the active participation of experienced family members in key leadership roles, enhancing the company's sourcing capabilities and fostering trust within the value chain.

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