Shivashrit Foods IPO, Aug. 22 -- The Rs.70 crore initial public offering (IPO) of Shivashrit Foods kicked off for subscription on Friday, August 22. The issue will close on Tuesday, August 26.

Shivashrit Foods IPO is a mix of fresh issue of Rs.61.29 crore and an offer for sale of Rs.8.75 crore. The SME IPO is priced in the range of Rs.135-142 per share.

Shivashrit Foods IPO was booked 8% as of 2 pm on the first day of the bidding process on Friday. The portion reserved for retail investors was booked 12%, while the non-institutional investor (NII) quota was booked 8%. The qualified institutional buyer (QIB) portion did not receive any bids so far.

The grey market premium (GMP) for Shivashrit Foods IPO has seen an upward trend. Shivashr...