Fixed Price IPO | ₹[.] Cr | Listing at NSE SME |
Sheetal Medicare Products Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on March 31, 2026 to raise funds through Initial Public Offer (IPO).
Sheetal Medicare Products Ltd. IPO is a Fixed Price Issue consisting solely of fresh issue of upto 0.23 crore equity shares.
The equity shares are proposed to be listed on the NSE SME. Mark Corporate Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Sheetal Medicare Products IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 23,00,400 shares (agg. up to ₹[.] Cr) |
| Reserved for Market Maker | 1,15,200 shares (agg. up to ₹[.] Cr) |
| Fresh Issue (Ex Market Maker) | 21,85,200 shares (agg. up to ₹[.] Cr) |
| Net Offered to Public | 21,85,200 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 54,51,000 shares |
| Share Holding Post Issue | 77,51,400 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Mar 31, 2026 |
Sheetal Medicare Products IPO comprises a total issue size of 23,01,600 shares. The net offer to the public is 21,86,400 shares, after excluding 1,15,200 shares allotted on a firm basis. Of the Net offer 10,93,200 (50.00%) allocated to NII 10,93,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,93,200 | 50.00% | 47.50% |
| Retail Shares Offered | 10,93,200 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,15,200 | 5.01% | |
| Total Shares Offered | 23,01,600 | 100.00% | 100.00% |
Incorporated on 1997, Sheetal Medicare Products Limited is a healthcare and pharmaceutical manufacturing company.
The company is primarily engaged in the manufacturing of ayurvedic, herbal, and medicinal products, falling under the broader pharmaceuticals and botanical products segment. Its product range includes herbal formulations such as oils, syrups, powders, tablets, and wellness products catering to health and personal care needs.
Sheetal Medicare focuses on natural and traditional healthcare solutions, combining ayurvedic practices with manufacturing processes to serve domestic markets. The company operates from its manufacturing facility in Maharashtra and continues to remain active in the healthcare sector.
Overall, Sheetal Medicare Products Limited is a small-to-mid scale herbal and pharmaceutical manufacturer focused on ayurvedic healthcare products in India.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 44.87 | 28.81 | 27.80 | 28.62 |
| Total Income | 32.62 | 52.04 | 44.46 | 42.84 |
| Profit After Tax | 2.00 | 3.11 | 2.15 | 0.18 |
| EBITDA | 3.49 | 5.78 | 4.28 | 1.74 |
| NET Worth | 11.46 | 8.63 | 5.52 | 3.36 |
| Reserves and Surplus | 6.01 | 3.23 | 2.82 | 0.66 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Towards the purchase of Plant & Machinery/Equipment | 6.02 |
| 2 | Funding the Working Capital Requirements | 7.00 |
| 3 | Funding Marketing and Promotional Activities | 3.00 |
| 4 | General Corporate Purposes | |
| Total | 16.02 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| Debt/Equity | 1.78 | 1.93 |
| RoNW | 16.18% | 37.44% |
| PAT Margin | 5.72% | 6.36% |
| EBITDA Margin | 10.71% | 11.14% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
Lead Manager Reports
Sheetal Medicare Products IPO is a SME IPO of 23,00,400 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Sheetal Medicare Products IPO open and close dates are not available as of now.
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 Sheetal Medicare Products IPO using UPI as a payment gateway. Zerodha customers can apply in Sheetal Medicare Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sheetal Medicare Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sheetal Medicare Products IPO dates are not announced. Please check back again after some time.
Sheetal Medicare Products IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Sheetal Medicare 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 Medicare Products IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Sheetal Medicare Products IPO allotment status.
The Sheetal Medicare Products IPO listing date is not yet announced. The tentative date of listing is .
