IPO to support expansion in India and abroad
Rajkot-headquartered Shreeji Global FMCG Limited says funds raised through its Initial Public Offering (IPO) on the NSE Emerge platform will be for acquiring new factory premises for expanded production, installing advanced plant and machinery along with modern cold storage and setting up a 1,000 KWP rooftop solar power system for energy efficiency.
The fund, from public issue of up to 68 lakh equity shares, is for the company’s major expansion plans in India and abroad as well as meeting work capital requirements to support sustained growth.
Established in 2018, Shreeji Global FMCG has grown rapidly from a small trading unit into a robust enterprise with two fully integrated manufacturing facilities in Rajkot and Morbi. Its flagship brand “SHETHJI” has become a trusted name in the FMCG market, offering a diverse range of agro-processed products.
The company’s portfolio includes whole spices, ground spices, seeds, pulses, grains, and flour (atta). Popular products such as cumin seeds, coriander, sesame, fennel, groundnut, kalonji, and powders of chilli, turmeric, and coriander are produced under stringent quality standards. Each of these products is handled under defined quality parameters to ensure uniformity in texture, aroma, and shelf life. This integrated process flow enables them to deliver both raw, processed and value-added agriproducts under their own SHETHJI brand and also through white-label packaging.
At the upper price band of Rs.125 per share, the issue is attractively priced, offering investors entry at a lower Price-to-Earnings P/E of 12.89, making it a good valuation opportunity compared to other listed FMCG peers, said the company in the IPO announcement on 6 Nov. 25.
The company’s strong business model, diversified product portfolio, and scalable infrastructure make it a promising opportunity for both short-term gains and long-term wealth creation. Today, the company exports to more than 25 countries, contributing significantly to its performance bolstered by its state-of-the-art manufacturing facilities that efficiently meet global demand. Its efforts towards consistent product quality were also recognized in March 2025 when the SHETHJI brand received a prestigious industry award.
Managing Director Jitendra Tulshidas Kakkad, said, “This IPO is a landmark event for Shreeji Global FMCG. The capital raised will allow us to accelerate our strategic growth, invest in quality and technology, and expand our market reach. We believe this move will create long-term value for our shareholders while reinforcing our commitment to delivering premium agro-processed products to consumers worldwide.” Fiinews.com
