Fixed Price IPO | ₹16 Cr | Listed at NSE SME | Fri, Oct 27, 2023 - Tue, Oct 31, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Oct 27, 2023
IPO Close
Tue, Oct 31, 2023
Issue Price
₹91 per share
Market Cap (Pre-IPO)
₹60.95 Cr
| IPO Date | 27 to 31 Oct, 2023 |
| Listed on | Fri, Nov 3, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹91 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 17,66,400 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 88,800 shares Bhh Securities Pvt.Ltd. (agg. up to ₹0.8081 Cr) |
| Fresh Issue (Ex Market Maker) | 16,77,600 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 16,77,600 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 49,31,664 shares |
| Share Holding Post Issue | 66,98,064 shares |
| NSE Symbol | SHANTHALA |
| ISIN | INE0Q9Q01017 |
Shanthala FMCG Products IPO comprises a total issue size of 17,66,400 shares. The net offer to the public is 16,77,600 shares, after excluding 88,800 shares allotted on a firm basis. Of the Net offer 8,38,800 (50.00%) allocated to NII 8,38,800 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,38,800 | 50.00% | 47.49% |
| Retail Shares Offered | 8,38,800 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 88,800 | 5.03% | |
| Total Shares Offered | 17,66,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
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
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 8.27 | 6.57 | 6.16 | 5.70 |
| Total Income | 15.86 | 40.77 | 32.55 | 39.56 |
| Profit After Tax | 0.10 | 0.18 | 0.05 | 0.14 |
| NET Worth | 5.49 | 1.43 | 1.25 | 1.21 |
| Reserves and Surplus | 0.56 | 0.93 | 0.75 | 0.71 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding additional Working capital requirements | 11.50 |
| 2 | General Corporate Purposes | 4.00 |
| KPI | |
|---|---|
| ROE | 12.38% |
| ROCE | 19% |
| Debt/Equity | 3.12 |
| RoNW | 12.38% |
| PAT Margin | 0.43% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.55 | |
| P/E (x) | 25.66 | 252.78 |
| Promoter Holding | 77.44% | 57.019% |
| Market Cap | ₹60.95 Cr. |
The Shanthala FMCG Products IPO is subscribed 3.91 times on October 31, 2023 7:30:00 PM (Day 3). The public issue subscribed 3.05 times in the retail category, [.] times in the QIB category, and 4.76 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 4.76 | 8,38,800 | 39,91,200 |
| Retail | 3.05 | 8,38,800 | 25,58,400 |
| Total | 3.91 | 16,77,600 | 65,53,200 |
Total Application : 2,132
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting, and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses, Brokerage and selling commission | 0.35 |
| 2 | Advertising and marketing expenses | 0.08 |
| 3 | Printing and stationery expenses, distribution, and postage | 0.04 |
| 4 | Regulatory and other expenses including Listing Fee | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹91.00 |
| Open | ₹108.00 |
| Low | ₹103.00 |
| High | ₹113.40 |
| Last Trade | ₹103.55 |
Lead Manager Reports
Shanthala FMCG Products IPO is a SME IPO of 17,66,400 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹91 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Oct 27, 2023, and closes on Tue, Oct 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 Fri, Oct 27, 2023 and closes on Tue, Oct 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 Tue, Nov 7, 2023. Check the Shanthala FMCG Products IPO allotment status.
The Shanthala FMCG Products IPO listing date is on Fri, Nov 3, 2023.
