Fixed Price IPO | ₹24 Cr | Listed at NSE SME | Mon, Dec 4, 2023 - Wed, Dec 6, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Dec 4, 2023
IPO Close
Wed, Dec 6, 2023
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹80.19 Cr
| IPO Date | 4 to 6 Dec, 2023 |
| Listed on | Mon, Dec 11, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 34,00,000 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 1,72,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 32,28,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 32,28,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 80,55,999 shares |
| Share Holding Post Issue | 1,14,55,999 shares |
| NSE Symbol | SHEETAL |
| ISIN | INE04VX01019 |
Sheetal Universal IPO comprises a total issue size of 34,00,000 shares. The net offer to the public is 32,28,000 shares, after excluding 1,72,000 shares allotted on a firm basis. Of the Net offer 16,14,000 (50.00%) allocated to NII 16,14,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 16,14,000 | 50.00% | 47.47% |
| Retail Shares Offered | 16,14,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,72,000 | 5.06% | |
| Total Shares Offered | 34,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 43.70 | 28.04 | 16.03 | 12.72 |
| Total Income | 58.27 | 131.66 | 39.84 | 38.84 |
| Profit After Tax | 1.88 | 1.99 | 0.28 | 0.25 |
| NET Worth | 10.47 | 6.49 | 4.50 | 4.22 |
| Reserves and Surplus | 2.41 | 2.99 | 1.00 | 0.72 |
| Total Borrowing | 14.63 | 13.56 | 9.85 | 6.25 |
| 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 capital expenditure | 5.84 |
| 2 | Working Capital Requirement | 12.00 |
| 3 | General Corporate Purpose | 3.63 |
| KPI | |
|---|---|
| ROE | 36.17% |
| ROCE | 21.59% |
| Debt/Equity | 2.09 |
| RoNW | 30.63% |
| PAT Margin | 1.54% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.56 | |
| P/E (x) | 27.34 | 17.81 |
| Promoter Holding | 95% | 66.81% |
| Market Cap | ₹80.19 Cr. |
The Sheetal Universal IPO is subscribed 179.2 times on December 6, 2023 7:29:00 PM (Day 3). The public issue subscribed 129.73 times in the retail category, [.] times in the QIB category, and 212.55 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 212.55 | 16,14,000 | 34,30,60,000 |
| Retail | 129.73 | 16,14,000 | 20,93,84,000 |
| Total | 179.2 | 32,28,000 | 57,84,44,000 |
Total Application : 1,04,692
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.22 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to Legal Advisors | 0.04 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expense | 0.06 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.05 |
| 6 | Fees payable to Peer Review Auditors | 0.01 |
| 7 | Fees Payable to Market Maker | 0.03 |
| 8 | Escrow Bank Fees | 0.02 |
| 9 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 1.90 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹75.00 |
| Low | ₹75.00 |
| High | ₹78.75 |
| Last Trade | ₹75.40 |
Lead Manager Reports
Sheetal Universal IPO is a SME IPO of 34,00,000 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Dec 4, 2023, and closes on Wed, Dec 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 Mon, Dec 4, 2023 and closes on Wed, Dec 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 Fri, Dec 8, 2023. Check the Sheetal Universal IPO allotment status.
The Sheetal Universal IPO listing date is on Mon, Dec 11, 2023.
