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Shanthala FMCG Products IPO is a fixed price issue of Rs 16.07 crores. The issue is entirely a fresh issue of 17.66 lakh shares.
Shanthala FMCG Products IPO bidding started from October 27, 2023 and ended on October 31, 2023. The allotment for Shanthala FMCG Products IPO was finalized on Friday, November 3, 2023. The shares got listed on NSE SME on November 3, 2023.
Shanthala FMCG Products IPO price is ₹91 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹109,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹218,400.
First Overseas Capital Limited is the book running lead manager of the Shanthala FMCG Products IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Shanthala FMCG Products IPO is Bhh Securities.
Refer to Shanthala FMCG Products IPO RHP for detailed information.
| IPO Date | October 27, 2023 to October 31, 2023 |
| Listing Date | November 3, 2023 |
| Face Value | ₹10 per share |
| Price | ₹91 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,766,400 shares (aggregating up to ₹16.07 Cr) |
| Fresh Issue | 1,766,400 shares (aggregating up to ₹16.07 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,931,664 |
| Share holding post issue | 6,698,064 |
| Market Maker portion | 88,800 shares Bhh Securities |
Shanthala FMCG Products IPO offers 1,766,400 shares. 838,800 (47.49%) to NII, 838,800 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 88,800 (5.03%) |
| Other Shares Offered | 838,800 (47.49%) |
| Retail Shares Offered | 838,800 (47.49%) |
| Total Shares Offered | 1,766,400 (100%) |
Shanthala FMCG Products IPO opens on October 27, 2023, and closes on October 31, 2023.
| IPO Open Date | Friday, October 27, 2023 |
| IPO Close Date | Tuesday, October 31, 2023 |
| Basis of Allotment | Friday, November 3, 2023 |
| Initiation of Refunds | Monday, November 6, 2023 |
| Credit of Shares to Demat | Tuesday, November 7, 2023 |
| Listing Date | Friday, November 3, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 31, 2023 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹109,200 |
| Retail (Max) | 1 | 1200 | ₹109,200 |
| HNI (Min) | 2 | 2,400 | ₹218,400 |
| Lot Size Calculator | |||
The promoters of the company are Manjunath Mallya, Shobitha Malya, Sneha Vinayak Kudva, and Yogish Mallya
| Share Holding Pre Issue | 77.44 |
| Share Holding Post Issue | 57.019 |
Incorporated in 1996, it is an FMCG product distribution company engaged in the distribution of branded packaged foods, Personal care products, Education and stationery products, Matches and Agarbatti and tobacco products to large FMCG companies. The company aims at providing quality products at reasonable prices with on-time delivery.
In 2007, Shamnthala FMCG became an authorized distributor of ITC company. The company aims to provide meaningful shopping experience to its customers.
Following are the competitive strengths of the company
Shanthala FMCG Products Limited's revenue increased by 25.28% and profit after tax (PAT) rose by 292.26% 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 | 827.32 | 657.21 | 615.79 | 569.67 |
| Revenue | 1,585.58 | 4,077.25 | 3,254.57 | 3,955.67 |
| Profit After Tax | 10.15 | 17.73 | 4.52 | 14.41 |
| Net Worth | 549.32 | 143.22 | 125.49 | 120.97 |
| Reserves and Surplus | 56.15 | 93.22 | 75.49 | 70.97 |
| Total Borrowing | ||||
| Amount in ₹ Lakhs | ||||
The market capitalization of Shanthala FMCG Products IPO is Rs 60.95 Cr.
| KPI | Values |
|---|---|
| ROE | 12.38% |
| ROCE | 19% |
| Debt/Equity | 3.12 |
| RoNW | 12.38% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.55 | |
| P/E (x) | 25.66 | 252.78 |
The company intends to utilize the Net Proceeds as following
1. Funding additional working capital requirements
2. General Corporate Purposes
[Dilip Davda] The company is a distributor for FMCGs for their products only in Coorg -Karnataka region. Its financial performances so far have been below average and based on its super annualized performance for FY24, the issue appears exorbitantly priced. The small equity capital post listing indicates longer gestation for migration to mainboard. Simply skip this pricey bet and save your money. Read detail review...
The Shanthala FMCG Products IPO is subscribed 3.91 times on October 31, 2023 7:30:00 PM. The public issue subscribed 3.05 times in the retail category, times in the QIB category, and 4.76 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 4.76 |
| Retail | 3.05 |
| Total | 3.91 |
Total Application : 2,132 (3.05 times)
| Listing Date | November 3, 2023 |
| BSE Script Code | |
| NSE Symbol | SHANTHALA |
| ISIN | INE0Q9Q01017 |
| Final Issue Price | ₹91 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹91.00 |
| ₹108.00 |
| ₹103.00 |
| ₹113.40 |
| ₹103.55 |
Shanthala FMCG Products Limited
7th Block, Gandhinagr Bye Pass Road
Virajpet
Kodagu - 571218
Phone: +91 82742 98999
Email: ipo@Shanthalafmcg.com
Website: https://shanthalafmcg.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Shanthala FMCG Products IPO is a SME IPO of 1,766,400 equity shares of the face value of ₹10 aggregating up to ₹16.07 Crores. The issue is priced at ₹91 per share. The minimum order quantity is 1200 Shares.
The IPO opens on October 27, 2023, and closes on October 31, 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 Shanthala FMCG Products IPO using UPI as a payment gateway. Zerodha customers can apply in Shanthala FMCG Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shanthala FMCG Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shanthala FMCG Products IPO opens on October 27, 2023 and closes on October 31, 2023.
Shanthala FMCG Products IPO lot size is 1200 Shares, and the minimum amount required is ₹109,200.
You can apply in Shanthala FMCG Products IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Shanthala FMCG Products IPO will be done on Friday, November 3, 2023, and the allotted shares will be credited to your demat account by Tuesday, November 7, 2023. Check the Shanthala FMCG Products IPO allotment status.
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