Weak listing: Shreeji Global FMCG shares list at 20% discount to SME IPO price

Shreeji Global FMCG listing ceremony

The shares of Shreeji Global FMCG made a weak stock market debut on November 12, listing at Rs 100 apiece on the NSE Emerge platform. This marks a 20 percent discount over the IPO price of Rs 125 apiece.

Ahead of listing, the unlisted shares of the company were trading flat at the IPO price with zero grey market premium at Rs 125 apiece, according to data on Investorgain.

The Gujarat-based company, which offers variety of spices and blends, 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, which consisted of entirely fresh issue, remained opened for public bidding from November 4 to November 7.

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

It 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.

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.

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