Fixed Price IPO | ₹24 Cr | Listed at BSE SME | Mon, Oct 16, 2017 - Wed, Oct 18, 2017
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 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 Open
Mon, Oct 16, 2017
IPO Close
Wed, Oct 18, 2017
Issue Price
₹80 per share
Market Cap (Pre-IPO)
₹84.00 Cr
| IPO Date | 16 to 18 Oct, 2017 |
| Listed on | Mon, Oct 30, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹80 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 30,00,000 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 1,68,000 shares Guiness Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 28,32,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 28,32,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 75,00,000 shares |
| Share Holding Post Issue | 1,05,00,000 shares |
| BSE Script Code | 540757 SCPL |
| ISIN | INE501Y01019 |
Sheetal Cool Products IPO comprises a total issue size of 30,00,000 shares. The net offer to the public is 28,32,000 shares, after excluding 1,68,000 shares allotted on a firm basis. Of the Net offer 14,16,000 (50.00%) allocated to NII 14,16,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 14,16,000 | 50.00% | 47.20% |
| Retail Shares Offered | 14,16,000 | 50.00% | 47.20% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,68,000 | 5.60% | |
| Total Shares Offered | 30,00,000 | 100.00% | 100.00% |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including, fees and reimbursement of underwriting fees, brokerages, payment to other intermediaries such as legal advisor, peer review auditor, Registrar etc. | 0.30 |
| 2 | Regulatory and other fees | 0.03 |
| 3 | Other Expenses (printing, stationery expenses, postage etc.) | 0.08 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹80.00 |
| Open | ₹96.00 |
| Low | ₹80.50 |
| High | ₹96.00 |
| Last Trade | ₹86.60 |
Lead Manager Reports
Sheetal Cool Products IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹80 per share. The minimum order quantity is .
The IPO opens on Mon, Oct 16, 2017, and closes on Wed, Oct 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 Mon, Oct 16, 2017 and closes on Wed, Oct 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 Mon, Oct 30, 2017.
