Sheetal Universal Limited IPO Detail
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
Company Promoters
Mr. Hiren Vallabhbhai Patel and Mrs. Kajal Hiren PatelIPO Details
| IPO Opening Date | Dec 04, 2023 |
| IPO Closing Date | Dec 06, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹70 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹23.80 Cr |
| Fresh Issue | ₹23.80 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 3.56x | 4.72x | 4.65x | |
| Day 2 | - | - | 14.04x | 22.77x | 20.42x | |
| Day 3 | - | - | 212.55x | 129.73x | 179.20x |
IPO Tentative Timetable
The Sheetal Universal Limited IPO open date is Dec 04, 2023, and the close date is Dec 06, 2023. The issue may list on Dec 11, 2023.
| IPO Open Date | Dec 04, 2023 |
| IPO Close Date | Dec 06, 2023 |
| Basis of Allotment Date | Dec 07, 2023 |
| Initiation of Refunds | Dec 08, 2023 |
| Credit of Shares to Demat Account | Dec 08, 2023 |
| IPO Listing Date | Dec 11, 2023 |
IPO Lot Size
The Sheetal Universal Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹140000 |
| Maximum | 1 | 2000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 95% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1272.15 | 3883.53 | 25.41 |
| 31-Mar-22 | 1602.82 | 3983.67 | 28.31 |
| 31-Mar-23 | 2804.02 | 13165.68 | 198.85 |
Objects of the Issue:
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
Sheetal Universal Limited IPO Registrar:
Bigshare Services Pvt Ltd
Sheetal Universal Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Sheetal Universal Limited
Office No. 348
2nd Floor, ISCON Mall,
150 Feet Ring Road, Rajkot - 360005
