Shivashrit Foods Ltd Company Summary

Shivashrit Foods Ltd Summary

Shivashrit Foods Limited was incorporated as Shivashrit Foods Private Limited, on August 23, 2017, a private limited company pursuant to a certificate of incorporation granted by the Registrar of Companies, Kanpur at Uttar Pradesh. Upon the conversion of Company into a public limited company, the name of Company was changed to Shivashrit Foods Limited and a fresh certificate of incorporation dated October 4, 2024 was issued by the RoC.Company is manufacturer, supplier and exporter of Potato Flakes. Company has a dedicated potato processing and manufacturing facility at Aligarh in Western Uttar Pradesh, India for production of potato flakes. It specializes in manufacturing of premium-grade potato flakes, used in ready-to-eat meals, snack foods, and processed food products.The major raw material used in manufacturing of potato flakes are Potatoes. The Company procure potatoes directly from farmers, third party suppliers and traders. The peak season for procurement of potatoes is December to March, which is harvesting season. It procures appx. 80% - 90% of annual requirement of potatoes during peak season. This extensive network of farmers enables to ensure a steady supply of high-quality potatoes. The Company commenced its manufacturing unit in 2018 with an installed production capacity of 14.4 metric tons per day of potato flakes. A state-of-the-art manufacturing plant, with advanced technology, including key components for potato processing, duly installed and made operational was purchased from M/s. Tummers Food Processing Solutions, Netherlands. In FY 2023-2024, Company expanded its existing potato flake processing line to increase its installed production capacity to 28.8 metric tons per day, which became operational in July, 2022.Company is planning an IPO aggregating 49,32,000 Equity Shares of Rs 10/- each, comprising a fresh issue of 43,16,000 Equity Shares and 6,16,000 Equity Shares through offer for sale.