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Shanthala FMCG Products Limited IPO Detail

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 Mallya

IPO Details

IPO Opening DateOct 27, 2023
IPO Closing DateOct 31, 2023
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹91 per equity share
Market Lot1200 Shares
Min Order Quantity1200 Shares
Listing AtNSE SME
Issue Size₹16.07 Cr
Fresh Issue₹16.07 Cr
Offer for Sale-
Retail Portion 50%

IPO Subscription (Bidding Detail)

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 DateOct 27, 2023
IPO Close DateOct 31, 2023
Basis of Allotment DateNov 03, 2023
Initiation of RefundsNov 06, 2023
Credit of Shares to Demat AccountNov 07, 2023
IPO Listing DateNov 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).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding77.44
Post Issue Share Holding57.019

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


Kodagu - 571218