Shanthala FMCG Products Limited IPO Detail
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 is an FMCG distributor for large-sized FMCG companies in India
- The company is engaged in the distribution of a variety of products
- Strong and long term relationships with customers
- Experienced Management Team with stong domain knowledge
Company Promoters
Manjunath Mallya, Shobitha Malya, Sneha Vinayak Kudva, and Yogish MallyaIPO Details
| IPO Opening Date | Oct 27, 2023 |
| IPO Closing Date | Oct 31, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹91 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹16.07 Cr |
| Fresh Issue | ₹16.07 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 2.10x | 0.78x | 1.44x | |
| Day 2 | - | - | 2.80x | 1.72x | 2.26x | |
| Day 3 | - | - | 4.76x | 3.05x | 3.91x |
IPO Tentative Timetable
The Shanthala FMCG Products Limited IPO open date is Oct 27, 2023, and the close date is Oct 31, 2023. The issue may list on Nov 08, 2023.
| IPO Open Date | Oct 27, 2023 |
| IPO Close Date | Oct 31, 2023 |
| Basis of Allotment Date | Nov 03, 2023 |
| Initiation of Refunds | Nov 06, 2023 |
| Credit of Shares to Demat Account | Nov 07, 2023 |
| IPO Listing Date | Nov 08, 2023 |
IPO Lot Size
The Shanthala FMCG Products Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹109200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹109200 |
| Maximum | 1 | 1200 | ₹109200 |
IPO Promoter Holding
| Pre Issue Share Holding | 77.44 |
| Post Issue Share Holding | 57.019 |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 569.67 | 3955.67 | 14.41 |
| 31-Mar-22 | 615.79 | 3254.57 | 4.52 |
| 31-Mar-23 | 657.21 | 4077.25 | 17.73 |
Objects of the Issue:
The company intends to utilize the Net Proceeds as following
1. Funding additional working capital requirements
2. General Corporate Purposes
Shanthala FMCG Products Limited IPO Registrar:
Bigshare Services Pvt Ltd
Shanthala FMCG Products Limited IPO Lead Manager(s):
First Overseas Capital Limited
Company Contact Information:
Shanthala FMCG Products Limited
7th Block, Gandhinagr Bye Pass Road
Virajpet
Kodagu - 571218
