Shreeji Global FMCG IPO 2025: A Deep Dive Analysis for Investors
The Shreeji Global FMCG Limited IPO is one of the most talked-about public issues in the SME segment this November. As a fast-growing player in the agro-commodities space, the company aims to raise approximately ₹85 crore through this offering.
For investors looking to make an informed decision, this comprehensive guide breaks down everything you need to know—from key dates and financials to a thorough analysis of strengths and risks.
Shreeji Global FMCG IPO: Key Dates and Details at a Glance
The Shreeji Global FMCG IPO is a book-built issue of 68 lakh equity shares. The subscription window is open from November 4, 2025, to November 7, 2025. The company has set a price band of ₹120 to ₹125 per share, with a face value of ₹10 each.
For retail investors, the minimum lot size is 2,000 shares, requiring a minimum investment of ₹250,000. The allotment of shares is expected to be finalized by November 10, 2025, with refunds initiated the next day. The tentative listing date on the NSE SME platform is November 12, 2025.
Unpacking the Business: What Does Shreeji Global FMCG Do?
Founded in 2018, Shreeji Global FMCG Limited has carved a niche in the competitive FMCG sector. The company is primarily involved in the manufacturing and processing of a diverse range of agro-commodities. Its core product portfolio includes ground and whole spices, seeds, grains, pulses, and flour.
These products are marketed under its flagship brand, "SHETHJI", and are also supplied as white-label products to other businesses. With two strategically located manufacturing facilities in Rajkot and Morbi, Gujarat, the company maintains integrated control over its operations—from sourcing raw materials to packaging the final product.
Financial Performance: A Track Record of Strong Growth
A deep dive into Shreeji Global FMCG's financials reveals a compelling story of rapid expansion and improving profitability.
In the fiscal year ending March 2023, the company reported a total revenue of approximately ₹468 crore with a Profit After Tax (PAT) of ₹2.05 crore. This growth trajectory accelerated significantly in FY24, with revenue climbing to nearly ₹589 crore and PAT jumping to ₹5.47 crore.
The most impressive performance was in FY25, where the company reported a revenue of about ₹651 crore and a PAT that more than doubled to ₹12.15 crore. This robust growth is further underscored by key financial metrics. The Return on Net Worth (RoNW) stood at a stellar 41.11% for FY25, while the PAT Margin improved to 1.87%. The company maintained a Debt/Equity ratio of 1.03 as of March 31, 2025, indicating a manageable level of debt.
How Will the IPO Proceeds Be Used?
Understanding the utilization of IPO funds is crucial for assessing future growth potential. Shreeji Global FMCG plans to deploy the net proceeds from the fresh issue for several strategic initiatives. The largest portion, approximately ₹33.54 crore (39.5%), is earmarked for meeting working capital requirements. Another significant sum of ₹29.01 crore (34.1%) is allocated for capital expenditure on plant, machinery, and cold storage. The remaining funds will support general corporate purposes, factory premises expansion, and a new solar power setup.
Strengths and Risks: A Balanced View
Key Strengths of Shreeji Global FMCG
· Diverse Product Portfolio: The company offers a wide range of essential FMCG products under its own brand, providing revenue diversification.
· Integrated Business Model: By controlling the process from sourcing to packaging, the company ensures quality and can better manage costs.
· Experienced Promoters: The founding team possesses strong domain expertise in the agri-commodities sector.
· Strategic Location: Being based in Gujarat, a major hub for spices and agricultural produce, provides a competitive advantage in sourcing.
Potential Risks to Consider
· Agri-Raw Material Dependence: The business is susceptible to fluctuations in raw material prices and supply disruptions due to climatic conditions.
· Geographical Concentration: A significant portion of revenue is generated from Gujarat, and reliance on a single manufacturing location poses an operational risk.
· Intense Competition: The company competes with both large national FMCG giants and numerous unorganized regional players.
· Related Party Transactions: The presence of transactions with promoter-linked entities requires investor scrutiny for corporate governance.
Final Verdict: Should You Invest in the Shreeji Global FMCG IPO?
The Shreeji Global FMCG IPO presents an opportunity to invest in a small but rapidly growing company in the essential FMCG space. The company's impressive financial growth, high return on net worth, and clear plans for expansion are strong positive points.
However, investors must carefully weigh the risks associated with geographic concentration, commodity price volatility, and the competitive landscape. The Post-IPO P/E ratio of 12.89 (at the upper price band) appears reasonable, but it should be compared with similar listed peers like Sheetal Universal Ltd and Madhusudan Masala Limited.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult with a qualified financial advisor before making any investment decisions.
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