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Shanthala FMCG Products IPO is a fixed price issue of ₹16.07 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹16.07 crore.
Shanthala FMCG Products IPO bidding started from Oct 27, 2023 and ended on Oct 31, 2023. The allotment for Shanthala FMCG Products IPO was finalized on Nov 3, 2023. The shares got listed on NSE SME on Nov 3, 2023.
Shanthala FMCG Products IPO price is ₹91.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,09,200 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,18,400.
First Overseas Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Bhh Securities Pvt.Ltd..
Refer to Shanthala FMCG Products IPO RHP for detailed Information.
| IPO Date | October 27, 2023 to October 31, 2023 |
| Listing Date | November 3, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹91 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 17,66,400 shares (aggregating up to ₹16.07 Cr) |
| Reserved for Market Maker | 88,800 shares Bhh Securities Pvt.Ltd. (aggregating up to ₹0.8081 Cr) |
| Net Offered to Public | 16,77,600 shares (aggregating up to ₹15.27 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 49,31,664 shares |
| Share Holding Post Issue | 66,98,064 shares |
Shanthala FMCG Products IPO offers total 17,66,400 shares. Out of which 8,38,800 (47.49%) allocated to NII, 8,38,800 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 88,800 (5.03%) |
| NII (HNI) Shares Offered | 8,38,800 (47.49%) |
| Retail Shares Offered | 8,38,800 (47.49%) |
| Total Shares Offered | 17,66,400 (100.00%) |
Shanthala FMCG Products IPO opens on October 27, 2023, and closes on October 31, 2023.
| IPO Open Date | Fri, Oct 27, 2023 |
| IPO Close Date | Tue, Oct 31, 2023 |
| Tentative Allotment | Fri, Nov 3, 2023 |
| Initiation of Refunds | Mon, Nov 6, 2023 |
| Credit of Shares to Demat | Tue, Nov 7, 2023 |
| Tentative Listing Date | Fri, Nov 3, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 31, 2023 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,09,200 |
| Retail (Max) | 1 | 1,200 | ₹1,09,200 |
| HNI (Min) | 2 | 2,400 | ₹2,18,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1996, it is an FMCG product distribution company engaged in the distribution of branded packaged foods, Personal care products, Education and stationery products, Matches and Agarbatti and tobacco products to large FMCG companies. The company aims at providing quality products at reasonable prices with on-time delivery.
In 2007, Shamnthala FMCG became an authorized distributor of ITC company. The company aims to provide meaningful shopping experience to its customers.
Following are the competitive strengths of the company
Shanthala FMCG Products Limited's revenue increased by 25.28% and profit after tax (PAT) rose by 292.26% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 827.32 | 657.21 | 615.79 | 569.67 |
| Total Income | 1,585.58 | 4,077.25 | 3,254.57 | 3,955.67 |
| Profit After Tax | 10.15 | 17.73 | 4.52 | 14.41 |
| Net Worth | 549.32 | 143.22 | 125.49 | 120.97 |
| Reserves and Surplus | 56.15 | 93.22 | 75.49 | 70.97 |
| Total Borrowing | ||||
| Amount in ₹ Lakhs | ||||
The market capitalization of Shanthala FMCG Products IPO is ₹60.95 Cr.
| KPI | Values |
|---|---|
| ROE | 12.38% |
| ROCE | 19% |
| Debt/Equity | 3.12 |
| RoNW | 12.38% |
The company intends to utilize the Net Proceeds as following
1. Funding additional working capital requirements
2. General Corporate Purposes
[Dilip Davda] The company is a distributor for FMCGs for their products only in Coorg -Karnataka region. Its financial performances so far have been below average and based on its super annualized performance for FY24, the issue appears exorbitantly priced. The small equity capital post listing indicates longer gestation for migration to mainboard. Simply skip this pricey bet and save your money. Read detail review...
| Listing Date | November 3, 2023 |
| BSE Script Code | |
| NSE Symbol | SHANTHALA |
| ISIN | INE0Q9Q01017 |
| Final Issue Price | ₹91 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹91.00 |
| Open | ₹108.00 |
| Low | ₹103.00 |
| High | ₹113.40 |
| Last Trade | ₹103.55 |
Shanthala FMCG Products Ltd.
7th Block,
Gandhinagr Bye Pass Road
Virajpet
Kodagu, Karnataka, 571218
Phone: +91 82742 98999
Email: ipo@Shanthalafmcg.com
Website: https://shanthalafmcg.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Shanthala FMCG Products IPO is a SME IPO of 17,66,400 equity shares of the face value of ₹10 aggregating up to ₹16.07 Crores. The issue is priced at ₹91 per share. The minimum order quantity is 1200.
The IPO opens on October 27, 2023, and closes on October 31, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Shanthala FMCG Products IPO using UPI as a payment gateway. Zerodha customers can apply in Shanthala FMCG Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shanthala FMCG Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shanthala FMCG Products IPO opens on October 27, 2023 and closes on October 31, 2023.
Shanthala FMCG Products IPO lot size is 1200, and the minimum amount required for application is ₹1,09,200.
You can apply in Shanthala FMCG Products IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shanthala FMCG Products IPO will be done on Friday, November 3, 2023, and the allotted shares will be credited to your demat account by Tuesday, November 7, 2023. Check the Shanthala FMCG Products IPO allotment status.
The Shanthala FMCG Products IPO listing date is on Friday, November 3, 2023.
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