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Sheetal Universal IPO is a fixed price issue of ₹23.80 crores. The issue is entirely a fresh issue of 0.34 crore shares of ₹23.80 crore.
Sheetal Universal IPO bidding started from Dec 4, 2023 and ended on Dec 6, 2023. The allotment for Sheetal Universal IPO was finalized on Dec 7, 2023. The shares got listed on NSE SME on Dec 11, 2023.
Sheetal Universal IPO price is ₹70.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Beeline Capital Advisors Pvt.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 Spread X Securities Pvt.Ltd..
Refer to Sheetal Universal IPO RHP for detailed Information.
| IPO Date | December 4, 2023 to December 6, 2023 |
| Listing Date | December 11, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 34,00,000 shares (aggregating up to ₹23.80 Cr) |
| Reserved for Market Maker | 1,72,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹1.20 Cr) |
| Net Offered to Public | 32,28,000 shares (aggregating up to ₹22.60 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 80,55,999 shares |
| Share Holding Post Issue | 1,14,55,999 shares |
Sheetal Universal IPO offers total 34,00,000 shares. Out of which 16,14,000 (47.47%) allocated to NII, 16,14,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,72,000 (5.06%) |
| NII (HNI) Shares Offered | 16,14,000 (47.47%) |
| Retail Shares Offered | 16,14,000 (47.47%) |
| Total Shares Offered | 34,00,000 (100.00%) |
Sheetal Universal IPO opens on December 4, 2023, and closes on December 6, 2023.
| IPO Open Date | Mon, Dec 4, 2023 |
| IPO Close Date | Wed, Dec 6, 2023 |
| Tentative Allotment | Thu, Dec 7, 2023 |
| Initiation of Refunds | Fri, Dec 8, 2023 |
| Credit of Shares to Demat | Fri, Dec 8, 2023 |
| Tentative Listing Date | Mon, Dec 11, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 6, 2023 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2015, Sheetal Universal Limited sources, processes, and supplies agricultural raw materials such as peanuts, sesame seeds, spices, and grains for the production of peanut butter, cookies, cakes, chocolate, and food products.
Sheetal Universal's product category includes:
The company's manufacturing and processing facility is located in Jamnagar, Gujrat, and is spread over a total area of approximately 14668 sq. mtr.
Sheetal Universal has two subsidiaries, namely Saumesvar International Private Limited, which exports agricultural produce, ceramic tiles, and brass fittings from India, and Svar Industries Private Limited, which produces, processes, and distributes agricultural produce, seeds, agricultural seeds, forestry seeds, vegetable seeds, cereals, grains, pulses, cattle feed or cakes and spices, including raw spices.
Sheetal Universal Limited's revenue increased by 230.49% and profit after tax (PAT) rose by 602.4% 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 | 4,370.03 | 2,804.02 | 1,602.82 | 1,272.15 |
| Total Income | 5,826.93 | 13,165.68 | 3,983.67 | 3,883.53 |
| Profit After Tax | 187.67 | 198.85 | 28.31 | 25.41 |
| Net Worth | 1,046.89 | 649.22 | 450.37 | 422.07 |
| Reserves and Surplus | 241.29 | 299.22 | 100.37 | 72.07 |
| Total Borrowing | 1,463.22 | 1,356.24 | 984.80 | 625.07 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Sheetal Universal IPO is ₹80.19 Cr.
| KPI | Values |
|---|---|
| ROE | 36.17% |
| ROCE | 21.59% |
| Debt/Equity | 2.09 |
| RoNW | 30.63% |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. Funding capital expenditure
2. Working Capital Requirement
3. General Corporate Purpose
4. To meet Public Issue Expenses
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. The sudden boost in its financial performance for FY23 onward raise eyebrows and concern over the sustainability going forward. Based on supper annualized FY24 earnings, the issue appears fully priced. Well-informed investors may park funds for the medium term. Read detail review...
| Listing Date | December 11, 2023 |
| BSE Script Code | |
| NSE Symbol | SHEETAL |
| ISIN | INE04VX01019 |
| Final Issue Price | ₹70 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹75.00 |
| Low | ₹75.00 |
| High | ₹78.75 |
| Last Trade | ₹75.40 |
Sheetal Universal Ltd.
Office No. 348
2nd Floor, ISCON Mall,
150 Feet Ring Road,
Rajkot, Gujarat, 360005
Phone: +91 9099302638
Email: cs@sheetaluniversal.com
Website: https://sheetaluniversal.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Sheetal Universal IPO is a SME IPO of 34,00,000 equity shares of the face value of ₹10 aggregating up to ₹23.80 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on December 4, 2023, and closes on December 6, 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 Sheetal Universal IPO using UPI as a payment gateway. Zerodha customers can apply in Sheetal Universal IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sheetal Universal IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sheetal Universal IPO opens on December 4, 2023 and closes on December 6, 2023.
Sheetal Universal IPO lot size is 2000, and the minimum amount required for application is ₹1,40,000.
You can apply in Sheetal Universal 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 Universal IPO will be done on Thursday, December 7, 2023, and the allotted shares will be credited to your demat account by Friday, December 8, 2023. Check the Sheetal Universal IPO allotment status.
The Sheetal Universal IPO listing date is on Monday, December 11, 2023.
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