Thread by @ayushnba26

Congratulations @srivarispices for such a bumper listing.
Here comes another thread 🧵dedicated to the company, investors, and all retailer friends who would like to be a part of it.
Company: Srivari Spices and Foods Limited
NSE: SSFL
#srivari #ipo #sme #multibagger
1/n

Incorporated in 2019, Srivari Spices and Foods Ltd manufactures spices and flour (chakki atta). The company also undertakes the process of marketing and selling its products. The company operates its operations primarily in and around Telangana and Andhra Pradesh.
2/n

The product categories of Srivari Spices and Foods are - Spices, Masala, and Atta. These include diverse spice products.
#spices #stockstowatch
3/n

The spices are delivered to over 3000 retail outlets and its whole wheat and sharbati atta to over 15000 outlets in Telangana and Andhra Pradesh.
#capacity
4/n

On the financial performance front, SSFL has posted a turnover/net profit of Rs. 11.40 cr for the last three fiscals. / Rs. 0.35 cr. (FY21), Rs. 17.64 cr. / Rs. 0.73 cr. (FY22), and Rs. 35.82 cr. / Rs. 3.13 cr. (FY23).
#profit
5/n

For the last three fiscals, SSFL has reported an average EPS of Rs.4.45 and an average RoNW of 24.79%. The issue is priced at a P/BV of 2.31 based on its NAV of Rs. 18.20 as of March 31, 2023
#numbers #fundamental
5/n

BRAND AWARENESS & BRAND BUILDING
Recently, exhibitions in the All India Industrial Exhibition were held in Hyderabad, Telangana by the Government of India.
The company has appointed Meena Durairaj (a leading South Indian Actress) as our brand ambassador.
And #IPO
6/n

Talking about numbers
value price 42 Mcap was 30 cr
now it is 100-105
Mcap comes to approximately more than 70 cr.
7/n

Volumes of more than 11 lakh
Strong buying indicates popularity among investors
Beating all GMP and expectations of around 65 -70 % premium, the company gets listed almost double of what was expected.
@srivarispices #ipo #SME #stockstowatch
8/n

After breaking subscription records in the IPO
After its 140 % bumper listing gains.
The company still looks mouth-watering.
Waiting for things to stable down a bit, or my bad luck if it rockets up.

9/n

Youtube
This link would help you build some confidence for sure.
Thank you
Hope you like it.
#retweet
10/n

Make sure to post your comments, views, studies, opinions, and more.
if you like what you read.
Give it a #like
#bookmark for your study
#retweet for maximum interaction and reach.
#share to other platforms
11/n
Updates to follow.