October 18, 2025
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IPO Key Dates
| Anchor Investor Subscription | |
| IPO opens on | 4 Nov. 2025 |
| IPO Closes on | 7 Nov. 2025 |
| Allotment on | 10 Nov 2025 |
| Credit of shares on | 11 Nov. 2025 |
| Tentative Listing on | 12 Nov. 2025 |
| Registered office |
| Shreeji Global FMCG Ltd. The Spire, Office No. 1205, 150 Feet Ring Road, Near Ayodhya Circle Rajkot, Gujarat, 360006 |
| Email: cs@shreejifmcg.com |
| Lead Manager of the IPO |
| Interactive Financial Services ltd |
| Registrar to the IPO |
| Mufg Intime India ltd |
About its Business:
Incorporated in 2010, Shreeji Global FMCG Ltd. is engaged in manufacturing and trading a wide range of spices, grains, pulses, flours, and food products under its flagship brand “SHETHJI”. The company’s product basket includes coriander, cumin, turmeric, red chilli, fennel, sesame, and groundnut, catering to both retail and institutional buyers.
It also imports select agro commodities such as cloves, coriander seeds, desiccated coconut, star anise, and cassia from countries like UAE, Sri Lanka, and Vietnam, which are processed at its own facilities. The company operates two manufacturing and processing units in Rajkot and Morbi, offering packaging sizes ranging from 20 grams to 40 kilograms, serving traders, small businesses, and corporates across India.
IPO Details
| IPO opens on | 27 October 2025 |
| IPO closes on | 29 October 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 68,00,000 Shares / Rs 85.00 Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – |
| Market Maker Portion | 340,000 Shares |
| Net offer to Public | 64,60,000 Shares Rs. 80.75 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 120-125 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | NSE SME |
How shares are being offered
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 30% of the Net Issue |
| Retail Shares Offered | Not less than 20% of the Net Issue |
| NII Shares Offered | Not less than 50% of the Net Issue |
How shares can be applied?
| Application | Lots | Shares | Amount Rs. |
| 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 |
The Promoters
The Objects of the IPO
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects
| Objects of the Issue | Rs. in crores |
| Capital Expenditure for Factory Premises | 5.67 |
| Capital Expenditure for Plant and Machineries & Cold storage | 29.01 |
| Capital Expenditure for Solar Power for internal consumption | 4.05 |
| Working Capital | 33.54 |
| General corporate purposes |
Financials Snapshot
| Period Ended | 31-Aug-25 | 31-Mar-25 | 31-Mar-24 |
| Assets | 128.76 | 117.06 | 117.39 |
| Total Income | 251.18 | 650.85 | 588.99 |
| Profit After Tax | 9.2 | 12.15 | 5.47 |
| EBITDA | 13.83 | 20.37 | 10.92 |
| NET Worth | 38.76 | 29.56 | 17.22 |
| Reserves and Surplus | 22.8 | 13.6 | 11.71 |
| Total Borrowing | 29.55 | 30.45 | 25.51 |
| Amount in Rs. Crore | |||
Peer Comparison:
| Company Name | P/E (x) | RoNW (%) |
| Shreeji Global FMCG | 16.42 | 41.11 |
| Sheetal Universal | 17.75 | 21.26 |
| Madhusudan Masala | 17.31 | 12.83 |
Key Financial Indicators
| KPI | Values |
| ROE | 51.74% |
| ROCE | 32.07% |
| Debt/Equity | 1.03 |
| RoNW | 41.11% |
| PAT Margin | 1.87% |
| EBITDA Margin | 3.13% |
| Price to Book Value | 10.5 |
| Market Capitalization | 284.5 |
| EPS | 7.61 |
| PE Ratio | 16.42 |
Shreeji Global FMCG Ltd. IPO Review (Chanakya Analysis)
Incorporated in 2010, Shreeji Global FMCG Ltd. is an integrated FMCG company engaged in manufacturing and trading of spices, grains, pulses, flours, and agro commodities under its own brand “SHETHJI”. The company is launching a book-built IPO of Rs. 85 crore, consisting entirely of a fresh issue of 68 lakh equity shares, with a price band of Rs. 120–125 per share. The issue opens on November 4, 2025, and closes on November 7, 2025, with a proposed listing on NSE SME.
Shreeji Global operates two production units at Rajkot and Morbi, catering to both domestic and export markets. It imports select agro commodities from UAE, Sri Lanka, and Vietnam, and is expanding capacity through new plant, cold storage, and solar power installation, part of its IPO fund utilization.
For FY25 (annualized), the company reported total income of Rs. 251.18 crore and PAT of Rs. 9.20 crore, translating to a P/E of 16.4x, ROE of 51.7%, and ROCE of 32%. Margins remain thin (EBITDA 3.13%, PAT 1.87%), reflecting a high-volume, low-margin business typical of FMCG traders.
Chanakya View: The IPO is moderately priced with strong return ratios and clear growth visibility in the spice & agro segment. However, low profit margins and working-capital intensity call for caution. Suitable for medium to high-risk investors seeking exposure to the fast-growing FMCG & spice processing sector.
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