Shivashrit Foods to Raise ₹70 Crore Via IPO

Shivashrit Foods, a maker of potato flakes, is planning to sell shares to the public for the first time to raise money.

They hope to collect ₹70 crore by selling their shares on a platform called NSE Emerge.

The money raised will be used to build a new factory, buy machines, and expand the business.

The company wants to make more potato flakes to meet the increasing demand for snacks and convenience foods.

They are hoping to grow because the processed food industry in India is expanding.

In the last year, the company made ₹105 crore in revenue and had a profit of ₹12 crore.