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Sheetal Universal IPO is a fixed price issue of Rs 23.80 crores. The issue is entirely a fresh issue of 34 lakh shares.
Sheetal Universal IPO bidding started from December 4, 2023 and ended on December 6, 2023. The allotment for Sheetal Universal IPO was finalized on Thursday, December 7, 2023. The shares got listed on NSE SME on December 11, 2023.
Sheetal Universal IPO price is ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Sheetal Universal IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Sheetal Universal IPO is Spread X Securities.
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 |
| Price | ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,400,000 shares (aggregating up to ₹23.80 Cr) |
| Fresh Issue | 3,400,000 shares (aggregating up to ₹23.80 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,055,999 |
| Share holding post issue | 11,455,999 |
| Market Maker portion | 172,000 shares Spread X Securities |
Sheetal Universal IPO offers 3,400,000 shares. 1,614,000 (47.47%) to NII, 1,614,000 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 172,000 (5.06%) |
| Other Shares Offered | 1,614,000 (47.47%) |
| Retail Shares Offered | 1,614,000 (47.47%) |
| Total Shares Offered | 3,400,000 (100%) |
Sheetal Universal IPO opens on December 4, 2023, and closes on December 6, 2023.
| IPO Open Date | Monday, December 4, 2023 |
| IPO Close Date | Wednesday, December 6, 2023 |
| Basis of Allotment | Thursday, December 7, 2023 |
| Initiation of Refunds | Friday, December 8, 2023 |
| Credit of Shares to Demat | Friday, December 8, 2023 |
| Listing Date | Monday, December 11, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 6, 2023 |
Investors can bid for a minimum of 2000 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 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
| Lot Size Calculator | |||
Promoters of the company are Mr. Hiren Vallabhbhai Patel and Mrs. Kajal Hiren Patel.
| Share Holding Pre Issue | 95% |
| Share Holding Post Issue | 66.81% |
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 |
| Revenue | 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 Rs 80.19 Cr.
| KPI | Values |
|---|---|
| ROE | 36.17% |
| ROCE | 21.59% |
| Debt/Equity | 2.09 |
| RoNW | 30.63% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.56 | |
| P/E (x) | 27.34 | 17.81 |
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...
The Sheetal Universal IPO is subscribed 179.20 times on December 6, 2023 7:29:00 PM. 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) |
|---|---|
| Other | 212.55 |
| Retail | 129.73 |
| Total | 179.20 |
Total Application : 104,692 (129.73 times)
| Listing Date | December 11, 2023 |
| BSE Script Code | |
| NSE Symbol | SHEETAL |
| ISIN | INE04VX01019 |
| Final Issue Price | ₹70 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹70.00 |
| ₹75.00 |
| ₹75.00 |
| ₹78.75 |
| ₹75.40 |
Sheetal Universal Limited
Office No. 348
2nd Floor, ISCON Mall,
150 Feet Ring Road, Rajkot - 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
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Sheetal Universal IPO is a SME IPO of 3,400,000 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 Shares.
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 Shares, and the minimum amount required is ₹140,000.
You can apply in Sheetal Universal 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 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.
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