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Sheetal Cool Products IPO is a fixed price issue of ₹24.00 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹24.00 crore.
Sheetal Cool Products IPO bidding started from Oct 16, 2017 and ended on Oct 18, 2017. The shares got listed on BSE SME on Oct 30, 2017.
Sheetal Cool Products IPO price is ₹80.00 per share .
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Guiness Securities Ltd..
Refer to Sheetal Cool Products IPO RHP for detailed Information.
| IPO Date | October 16, 2017 to October 18, 2017 |
| Listing Date | October 30, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹80 per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,00,000 shares (aggregating up to ₹24.00 Cr) |
| Reserved for Market Maker | 1,68,000 shares Guiness Securities Ltd. (aggregating up to ₹1.34 Cr) |
| Net Offered to Public | 28,32,000 shares (aggregating up to ₹22.66 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 75,00,000 shares |
| Share Holding Post Issue | 1,05,00,000 shares |
Sheetal Cool Products IPO offers total 30,00,000 shares. Out of which 14,16,000 (47.20%) allocated to NII, 14,16,000 (47.20%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,68,000 (5.60%) |
| NII (HNI) Shares Offered | 14,16,000 (47.20%) |
| Retail Shares Offered | 14,16,000 (47.20%) |
| Total Shares Offered | 30,00,000 (100.00%) |
Sheetal Cool Products IPO opens on October 16, 2017, and closes on October 18, 2017.
| IPO Open Date | Mon, Oct 16, 2017 |
| IPO Close Date | Wed, Oct 18, 2017 |
| Tentative Listing Date | Mon, Oct 30, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 18, 2017 |
Incorporated in 2000, Sheetal Cool Products Ltd is Gujrat based company involved in producing and processing of milk and milk products, snacks and bakery items. The product involve Ice-cream, milk & milk products, mango ras, lassi, curd, flavoured milk, masko, wafers, namkeen, fryums and bakery products. Company sells its product under the brand name 'Sheetal'.
Company has its manufacturing unit located at Amreli, Gujarat. Company has 22 employees (including skilled, semi-skilled) and 275 personnel on contract basis.
The Company Sheetal Cool Products IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To purchase additional plant & machineries at the existing manufacturing facility at Amreli, Gujarat | 14.60 |
| 2 | Funding of working capital requirements of the Company | 4.00 |
| 3 | General Corporate Expenses | 5.00 |
| 4 | Issue Expenses | 0.40 |
[Dilip Davda] Considering bright prospects for dairy and packaged food industry in coming years, investment in this issue may be considered for medium to long term. Read detail review...
| Listing Date | October 30, 2017 |
| BSE Script Code | 540757 |
| NSE Symbol | SCPL |
| ISIN | INE501Y01019 |
| Final Issue Price | ₹80 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹80.00 |
| Open | ₹96.00 |
| Low | ₹80.50 |
| High | ₹96.00 |
| Last Trade | ₹86.60 |
Sheetal Cool Products Ltd.
G I D C,
Plot No. 78-79-80,
Amreli, Gujarat, 36560
Phone: +91 79-26421701
Email: cssheetal9@gmail.com
Website: http://www.sheetalicecream.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Sheetal Cool Products IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹24.00 Crores. The issue is priced at ₹80 per share. The minimum order quantity is .
The IPO opens on October 16, 2017, and closes on October 18, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sheetal Cool Products IPO using UPI as a payment gateway. Zerodha customers can apply in Sheetal Cool Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sheetal Cool Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sheetal Cool Products IPO opens on October 16, 2017 and closes on October 18, 2017.
Sheetal Cool Products IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Sheetal Cool 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 Sheetal Cool Products IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sheetal Cool Products IPO allotment status.
The Sheetal Cool Products IPO listing date is on Monday, October 30, 2017.
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