FMCG Company-Krishival Foods Successfully Completes Rights Issue of Rs 9,999.48 Lakh
DSIJ Intelligence-1Categories: Mindshare, Trending
The stock is up by 17.33 per cent from its 52-week low of Rs 322.05 per share.
Krishival Foods Limited (NSE: KRISHIVAL; BSE: 544416), a rapidly growing FMCG player specialising in premium nuts, dried fruits, and ice cream, has announced the successful completion of its Rights Issue. Following a meeting of the Rights Issue Committee on January 8, 2026, the company approved the allotment of 3,333,160 partly paid-up equity shares. The issue, which aimed to raise approximately Rs 100 crore, was open from December 26, 2025, to January 7, 2026, offering 45 Rights Equity Shares for every 301 shares held by eligible shareholders as of the December 17 record date.
The shares were issued for Rs 300 per equity share, with an initial payment of ₹105.00 received upon application. This initial amount includes a premium of Rs 101.50, while the remaining balance is scheduled to be collected in one or more subsequent calls by January 6, 2027. Consequently, the company's capital structure now consists of 22,295,141 fully paid-up shares from the pre-rights period, supplemented by the newly allotted partly paid-up shares. These new shares are now officially listed and admitted for trading on both the BSE and the National Stock Exchange (NSE).
The net proceeds from this capital raise are primarily earmarked for strategic expansion, specifically to part-fund a new processing and packaging unit for nuts in Kolhapur, Maharashtra. Additionally, the funds will support working capital requirements and general corporate purposes, aligning with the company's long-term growth objectives. Management noted that the successful completion of the issue not only strengthens the balance sheet but also serves as a strong vote of confidence from shareholders in Krishival Foods' trajectory within the FMCG sector.
About the Company
Krishival Foods Ltd. is a rapidly growing Indian FMCG company committed to delivering high-quality, sustainable food products to both domestic and international markets. The company features a diversified portfolio spanning categories such as dry fruits, snacks and ice cream, positioning it strongly within the discretionary consumption segment. By leveraging a robust procurement model, Krishival Foods Ltd. is strategically aiming to emerge as a major player in the competitive food and beverage industry.
Krishival Foods Limited reported a strong Q2FY26, with revenue hitting Rs 66.67 crore, a 50 per cent year-on-year increase, driven by its strategic focus on two brands: Krishival Nuts (premium dry fruits) and Melt N Mellow (real milk ice cream). The company's dual-brand strategy is designed to de-risk and leverage industry tailwinds, including the projected quadrupling of the Indian ice cream market by 2032. Krishival Nuts, the current primary revenue driver with Rs 53 crore, plans to quadruple processing capacity from 10 to 40 metric tons per day, while Melt N Mellow, with Rs 13.62 crore in revenue, operates a large plant and targets full capacity by FY27-28. With extensive distribution across over 10,000 to 25,000 outlets, focusing on Tier-2/3/4 cities, the company reported a 26 per cent rise in EBITDA and aims for triple-digit revenue growth by FY27-28.
The company has a market cap of over Rs 890 crore with a PE of 65x, an ROE of 11 per cent and an ROCE of 15 per cent. The stock is up by 17.33 per cent from its 52-week low of Rs 322.05 per share. The promoter of the company, Aparna Arun Morale, holds the majority of the stake, i.e., 34.48 per cent stake.
Disclaimer: The article is for informational purposes only and not investment advice.