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Shreeji Global FMCG IPO
Price Band
₹120.0–125.0
Issue Size
₹85.0 Cr
Lot Size
1,000 shares
Min Investment
₹250,000
2 LOTS MIN
GMP
—
Issue Price
₹125.0
Shreeji Global FMCG IPO AI Summary
- Shreeji Global FMCG IPO is listed on NSE SME in the Other Agricultural Products sector.
- Price band: ₹120.0–₹125.0 per share, lot size 1,000 shares (min. investment ₹250,000, 2 lots minimum).
- Subscription window: 04 Nov–07 Nov 2025, listing on 12 Nov 2025.
Shreeji Global FMCG is set to offer a unique variety of spices and food products, with a strong market presence and strategic advantages. The IPO aims to raise ₹85 Cr for various capital expenditures and working capital needs. Investors should carefully consider their risk appetite and the company's financial performance before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Shreeji Global FMCG IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 07 Nov 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Shreeji Global FMCG IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Shreeji Global FMCG offers a unique variety of spices and blends. Currently, it deals in ground & whole spices, seeds, grains, pulses, flours, and other food products. The company markets its products under the brand name, "SHETHJI". Its product line include channa, cumin seeds (jeera), coriander seeds, sesame seeds, groundnut, kalonji seeds, fennel seeds, coriander powder, red chilli powder, and turmeric powder etc. It also import certain agro commodities like Madagascar Cloves and Coriander seeds from UAE, Reduced FAT Desiccated Coconut from Srilanka, Autumn Star Anise, Cigar Cassia, Broken Cassia, Split Cassia from Vietnam and Milling Wheat (Non-GMO, Crop 2023) from Singapore, which are then processed at its in-house facility. It sells products to individual traders, small businesses, and large corporates. It offers goods in various packaging sizes from 20 grams to 40 kilograms. It has two strategically located manufacturing and processing facilities in Rajkotand Morbi. Competitive Strengths Strategic Geographic Advantage Rising demand for Indian Spices with scalable business model Wide range of product portfolio Diversified customer base Experienced promoters and leadership team
Company Financials (₹ Cr)
As of 2025-08-31
| Period Ended | 31 Aug 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 128.76 | 117.06 | 117.39 | 59.98 |
| Total Income | 251.18 | 650.85 | 588.99 | 468.70 |
| Profit After Tax | 9.20 | 12.15 | 5.47 | 2.05 |
| EBITDA | 13.83 | 20.37 | 10.92 | 4.00 |
| NET Worth | 38.76 | 29.56 | 17.22 | 9.01 |
| Reserves and Surplus | 22.80 | 13.60 | 11.71 | 4.74 |
| Total Borrowing | 29.55 | 30.45 | 25.51 | 19.00 |
Key Ratios
EPS
₹7.61
NAV
₹11.91
ROE
51.74%
ROCE
32.07%
RoNW
41.11%
P/B Value
10.50
P/E Ratio
16.42
Market Cap
₹284.50 Cr
PAT Margin
1.87%
Debt/Equity
1.03
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Madhusudan Masala | 62.82 | 12.83% | 17.31 | 8.49 | 8.49 |
| Sheetal Universal | 38.27 | 21.26% | 17.75 | 8.14 | 8.14 |
| Shreeji Global FMCG This IPO | 51.86 | 41.11% | — | 21.32 | 21.32 |
Promoters
Jitendra Kakkad, Vivek Kakkad Tulshidas Kakkad and Dhruti Kakkad
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital Expenditure for Factory Premises 5.67 2 Capital Expenditure for Plant and Machineries & Cold storage 29.01 3 Capital Expenditure for Solar Power for internal consumption 4.25 4 Working Capital 33.54 5 General Corporate Purposes 10.00 6 Issue Expenses 2.53 Total 85.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹468.70 Cr in the year ending 31 Mar 2023, increasing to ₹588.99 Cr by 31 Mar 2024, and further rising to ₹650.85 Cr by 31 Mar 2025. However, for the period ending 31 Aug 2025, total income is reported at ₹251.18 Cr, which is a 9-month figure and not directly comparable to the previous full year.
Profit Trend
Profit after tax was ₹2.05 Cr for the year ending 31 Mar 2023, which increased to ₹5.47 Cr in the year ending 31 Mar 2024, and further rose to ₹12.15 Cr by 31 Mar 2025. For the period ending 31 Aug 2025, profit after tax is reported at ₹9.20 Cr, though this is a 9-month figure and not a full year, so isn't directly comparable.
Valuation
Shreeji Global FMCG has an EPS of ₹21.32 and is priced at ₹125.0 per share, giving it an implied P/E ratio of approximately 5.86. This is lower than its peers, who have P/E ratios ranging from 17.31 to 17.75.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. It provides an indication of the demand for the IPO and can influence the listing price. However, trading in the grey market is not regulated and carries risks.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk appetite. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid this IPO, as it operates in a competitive sector and may face market fluctuations.
IPO Timeline, Explained
The IPO opens for subscription on 4th November 2025 and closes on 7th November 2025. Allotment of shares will be done on 10th November 2025, and the shares are expected to be listed on the stock exchange on 12th November 2025.
Listing Gains — The Risk
Listing gains can be unpredictable and are influenced by market conditions, investor sentiment, and the company's performance. There is no guarantee of a profit on the listing day, and investors should be prepared for potential losses.
This evaluation is generated from Shreeji Global FMCG's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Shreeji Global FMCG IPO?
The price band of Shreeji Global FMCG IPO is ₹120.0–₹125.0 per share.
When does Shreeji Global FMCG IPO open and close?
Shreeji Global FMCG IPO opens on 04 November 2025 and closes on 07 November 2025.
When does Shreeji Global FMCG IPO list on the stock exchange?
Shreeji Global FMCG IPO listed on 12 November 2025 at ₹125.0.
What is the lot size for Shreeji Global FMCG IPO?
The lot size for Shreeji Global FMCG IPO is 1000 shares, requiring a minimum investment of ₹250,000 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹120.0 to ₹125.0.
What is the minimum investment required?
The minimum investment required is ₹250,000.
What is the lot size for the IPO?
The lot size for the IPO is 1000 shares.
When is the listing date?
The shares are expected to be listed on 12th November 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the premium at which the IPO shares are trading in the grey market before the official listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
04 Nov 2025
Close
07 Nov 2025
Allotment
10 Nov 2025
Listing
12 Nov 2025
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