• IPO details: The company is raising a fresh issue of ₹400 crore priced between ₹201 and ₹212 per share, primarily to fund working capital requirements alongside general corporate purposes.
• Production and capacity: Across three manufacturing facilities in Amritsar, Safido, and Delhi, total annual processing capacity stands at 550,000 tons at 50% utilization, supported by 140,000 tons of paddy storage and 130,000 tons of rice storage.
• Market exposure: Revenue is split roughly 60% domestic and 40% export across 38 direct destination countries, with the Middle East contributing 15% of turnover where recent port reopenings and food security demand have helped avoid disruptions.
• FMCG diversification: While rice represents 99.4% of current revenue, the company is expanding into FMCG categories with addressable market sizes of ₹50,000 crore to ₹150,000 crore using its established distribution network and 320 procurement agents.
• Seasonality and inventory: Sales follow a 40:60 split between H1 and H2 due to annual crop procurement and required grain aging, which will keep inventory days relatively stable near the current 161-day level.