Sheetal Universal Limited
- IPO Date04 Dec, 2023 to 06 Dec, 2023
- Listing Date11 Dec, 2023
- Face Value₹10 per share
- Issue Price₹70 to ₹70 per share
- Lot Size2000 Shares
- Minimum Investment₹1,40,000
- Listing AtNSE SME
- Total Issue Size34,00,000 Shares
(aggregating up to ₹23.80 Cr) - Fresh Issue34,00,000 Shares
(aggregating up to ₹23.80 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue80,55,999
- Shareholding post issue1,14,55,999
IPO Dates
Closing Date
06 Dec, 2023
Initiation of Refunds
08 Dec, 2023
Listing Date
11 Dec, 2023
04 Dec, 2023
Opening Date
07 Dec, 2023
Basis of Allotment
08 Dec, 2023
Credit of Shares
Sheetal Universal Limited Lot Size
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 |
|---|---|---|---|
| HNI (Min) | 2 | 4000 | ₹2,80,000 |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
| Retail (Min) | 1 | 2000 | ₹1,40,000 |
Sheetal Universal Limited Promoter Holding
Promoters of the company are Mr. Hiren Vallabhbhai Patel and Mrs. Kajal Hiren Patel.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 95% | 66.81% |
Key Performance Indicator
Sheetal Universal IPO Market Cap is Rs 80.19 Cr and P/E (x) is 27.34.
| KPI | Values |
|---|---|
| ROE | 36.17% |
| ROCE | 21.59% |
| RoNW | 30.63% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 27.34 | 2.56 |
| P/E (x) | 27.34 | 2.56 |
Sheetal Universal Limited COMPANY INFORMATION
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 opened for subscription on December 4, 2023 and will close on December 6, 2023. The allotment for the Sheetal Universal IPO is expected to be finalized on Thursday, December 7, 2023. Sheetal Universal IPO will list on NSE SME with tentative listing date fixed as Monday, 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.
Incorporated in 2015, Sheetal Universal Limited is engaged in the business of sourcing, processing, and supplying agricultural commodities like peanuts, sesame seeds, spice, and grains to cater to the manufacturers of peanut butter, biscuits, cakes, chocolate, and food products.
The product range of the company comprises spices, peanuts, sesame seeds and pulses, and other agro-products.
Sheetal Universal owns a manufacturing & processing unit situated in Jamnagar, Gujrat, spread across a total land area of approximately 14,668 sq mts. The manufacturing unit is certified with FSSAI-2006 by the Government of India. The company is a member of the Agricultural & Processed Food Products Export Development Authority and the Indian Oil Seeds & Produce Export Promotion Council.
The company owns two subsidiaries Saumesvar International Private Limited and Svar Industries Private Limited. The subsidiaries process and export agri-commodities like oil seed, grains, etc.
The company's clientele includes customers from the Russian Federation, Indonesia, Malaysia, Vietnam, UAE, Iran, Algeria, Israel, Turkey, and Egypt.
Sheetal Universal recorded a total revenue from operations of Rs. 12,881.22 Lacs, Rs. 3,868.77 Lacs, and Rs. 3,763.64 Lacs in fiscal 2023, 2022, and 2021 respectively.
The competitive strength of the company lies in the following:-
- Advantageous geographical location
- Experienced Promoters and Management Team
- Diversified customer base and long-standing relationship with our customers
- On-time delivery of products
- Scalable Business Model
FAQs About Sheetal Universal Limited
Sheetal Universal Limited will open on 04 Dec, 2023 and close on 06 Dec, 2023. Investors must apply within this period to participate.
The Sheetal Universal Limited price band is set between ₹70.00 and ₹70.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹140000.00.
The Sheetal Universal Limited shares are expected to be listed on 11 Dec, 2023, subject to regulatory approvals and final allotment.
You can track your Sheetal Universal Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Sheetal Universal Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.