In November 2025, India’s primary markets continue to see activity across consumer businesses. Within this backdrop, Shreeji Global FMCG Limited opens its IPO on November 4, 2025. Below is a structured look at the company, its IPO, and the outlook.
About Shreeji Global FMCG Ltd.
Shreeji Global FMCG deals in ground & whole spices, seeds, grains, pulses, flours, and allied food products, marketed under the “SHETHJI” brand. The company sells to individual traders, small businesses, and corporates, with packs ranging from 20 grams to 40 kilograms.
- Facilities: Two processing/manufacturing units in Rajkot and Morbi (Gujarat).
- Imports (examples): Madagascar cloves; coriander seeds (UAE); reduced-fat desiccated coconut (Sri Lanka); star anise/cassia variants (Vietnam); milling wheat (Singapore)002E
- Strengths: Strategic location, scalable model, wide portfolio, diversified customer base, experienced promoters.
Promoters: Jitendra Kakkad, Vivek Kakkad, Tulshidas Kakkad, and Dhruti Kakkad.
Shreeji Global FMCG IPO Details
| IPO Date | November 4, 2025 to November 7, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹120 to ₹125 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 68,00,000 shares (aggregating up to ₹85.00 Cr) |
| Reserved for Market Maker | 3,40,000 shares (aggregating up to ₹4.25 Cr)B.N.Rathi Securities Ltd. Svcm Securities Pvt.Ltd. |
| Net Offered to Public | 64,60,000 shares (aggregating up to ₹80.75 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,59,60,000 shares |
| Share Holding Post Issue | 2,27,60,000 shares |
Important IPO Timeline
| Event | Date |
| IPO Open Date | Tue, Nov 4, 2025 |
| IPO Close Date | Fri, Nov 7, 2025 |
| Tentative Allotment | Mon, Nov 10, 2025 |
| Initiation of Refunds | Tue, Nov 11, 2025 |
| Credit of Shares to Demat | Tue, Nov 11, 2025 |
| Tentative Listing Date | Wed, Nov 12, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 7, 2025 |
IPO Reservation
| Investor Category | Shares Offered | % of Issue |
| Market Maker | 3,40,000 | 5.00% |
| QIB (incl. Anchor) | 19,38,000 | 28.50% |
| NII (HNI) | 13,56,000 | 19.94% |
| Retail (RII) | 31,66,000 | 46.56% |
| Total | 68,00,000 | 100.00% |
Anchor Investors (Pre-Open):
| Item | Details |
| Anchor Bid Date | Nov 3, 2025 |
| Shares Allotted (Anchor) | 11,62,000 |
| Anchor Portion Size | ₹14.53 Cr |
| 50% Lock-in End (30 days) | Dec 10, 2025 |
| Remaining Lock-in End (90 days) | Feb 8, 2026 |
Lot Size of Shreeji Global FMCG IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 2,000 | ₹2,50,000 |
| Retail (Max) | 2 | 2,000 | ₹2,50,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,75,000 |
| S-HNI (Max) | 8 | 8,000 | ₹10,00,000 |
| B-HNI (Min) | 9 | 9,000 | ₹11,25,000 |
Shreeji Global FMCG Ltd. Financials
Market Capitalisation (at issue terms): ₹284.50 crore
Key Company Financials (Restated, ₹ Crore):
| 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 & Surplus | 22.80 | 13.60 | 11.71 | 4.74 |
| Total Borrowing | 29.55 | 30.45 | 25.51 | 19.00 |
Key Performance Indicators (KPIs):
| KPI | Value |
| ROE | 51.74% |
| ROCE | 32.07% |
| Debt/Equity | 1.03 |
| RoNW | 41.11% |
| PAT Margin | 1.87% |
| EBITDA Margin | 3.13% |
| Price to Book | 10.50 |
| Market Capitalisation | ₹284.50 Cr |
EPS | P/E Ratio
| Metric | Pre-IPO | Post-IPO |
| EPS (₹) | 7.61 | 9.70 |
| P/E (x) | 16.42 | 12.89 |
Promoter Holding:
| Pre-Issue | Post-Issue | |
| Promoter Holding | 99.99% | 70.12% |
Objects of the Issue
| S.No. | Purpose | Amount (₹ Cr) |
| 1 | Capital expenditure for factory premises | 5.67 |
| 2 | Capex for plant & machinery and cold storage | 29.01 |
| 3 | Solar power for internal consumption | 4.05 |
| 4 | Working capital | 33.54 |
| 5 | General corporate purposes | Balance |
Shreeji Global FMCG Ltd.: Industry Outlook
- Spices & staples demand: Rising domestic consumption and export interest in Indian spices and blends support growth.
- Branding & distribution: Shift toward branded, hygienically processed staples/spices benefits integrated players with multi-pack SKUs.
- Sourcing & scale: Access to inputs via imports and scale-up in processing/cold storage can enhance margins if utilisation improves.
- Execution variables: Price volatility in agro-commodities and working-capital intensity remain key watch factors.
Shreeji Global FMCG IPO: Peer Comparison
Shreeji Global FMCG IPO can be compared with peers like MDH Private Limited, Everest Food Products Pvt. Ltd., Ramdev Food Products Pvt. Ltd., Patanjali Foods Ltd., and Emami Ltd. Evaluating these companies provides investors with insights into Shreeji Global FMCG’s position within India’s rapidly growing spices, staples, and FMCG sector, helping them assess its scale, product diversification, and growth potential relative to established industry players.
Also Read About These IPOs:
- Lenskart Solutions IPO Opens: Key Details Investors Shouldn’t Miss
- Orkla India IPO Opens: Key Details Investors Shouldn’t Miss
- Groww IPO Opens: Key Details Investors Shouldn’t Miss
- Studds Accessories IPO Opens: Key Details Investors Shouldn’t Miss
- Safecure Services Ltd. IPO Opens: Key Details Investors Shouldn’t Miss
Conclusion
Shreeji Global FMCG provides exposure to a scaled spices and staples play with two facilities, a broad SKU range, and growing financials. Issue proceeds target capacity augmentation (plant/cold storage/solar) and working capital, which should aid growth.
Investors should weigh SME liquidity, modest operating margins typical of staples/spices trading/processing, and commodity price risks before subscribing. Align decisions with risk appetite and investment horizon.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
