Shreeji Global FMCG IPO sees muted response from investors on day 1

Shreeji Global FMCG IPO News

Gujarat-based Shreeji Global FMCG, which offers variety of spices and blends, has seen muted response for its IPO from investors on November 4, the first day of bidding.

The public issue was subscribed 39 percent with investors bidding 22.03 lakh shares against the offer size of 56.38 lakh shares via 721 applications.

The company approached capital markets to raise Rs 85 crore via initial public offering (IPO) of 68 lakh shares at the upper end of price band of Rs 120-125 per share. The IPO consists of entirely fresh issue, closing on November 7.

Shreeji Global FMCG that involves in manufacturing and processing of ground & whole spices, seeds, grains & pulses and atta (flour) has already mobilised Rs 14.52 crore of IPO amount via anchor book on November 3.

It has finalised allocation of 11.62 lakh shares to four anchor investors - Craft Emerging Market Fund, Beacon Stone Capital, Chanakya Opportunities Fund, and Vikasa India - at the upper price band.

Shreeji Global FMCG that competes with Sheetal Universal, and Madhusudan Masala in the listed space, intends to utilise its IPO proceeds for factory premises, purchase of machineries & cold storages facility, solar power for internal consumption, working capital requirement, and general corporate purpose.

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On the financial front, the company reported profit of Rs 9.2 crore in the April-August period of current financial year 2025-26, on revenue of Rs 250.4 crore. Profit in the fiscal year 2025 surged 122 percent to Rs 12.2 crore, up from Rs 5.5 crore and in the same period, revenue grew by 10.3 percent to Rs 648.9 crore against Rs 588.2 crore.

The sole merchant banker managing the Shreeji Global FMCG IPO is Interactive Financial Services.