The Sheetal Cool Products IPO date has been confirmed to have started on October 16, 2017 and ended on October 18, 2017.
Using an IPO, Sheetal Cool Products is seeking to raise Rs 24.00 crores. Its price is ₹80 per share and the minimum lot size for an application is 3,000,000 shares. The minimum amount of investment required by retail investors is ₹24,00,00,000.
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Bidding Dates
October 16-18
Price Range
₹80 per share
Face Value
₹10 per share
GMP
₹332.80
Sheetal Cool Products IPO GMP
The Sheetal Cool Products Limited IPO GMP is ₹332.80.
IPO Overview
Sheetal Cool Products IPO is a Rs 24.00 crore fixed price issuance. Sheetal Cool Products’ initial public offering (IPO) bidding began on October 16, 2017 and completed on October 18, 2017. On October 30, 2017, the shares were listed on the BSE SME. Sheetal Cool Products’ initial public offering (IPO) price is $80 per share.
The company’s manufacturing facility is in Amreli, Gujarat. The company employs 22 people (both skilled and semi-skilled workers) and has 275 contract workers.
Sheetal Cool Products IPO Details
| IPO Date | October 16, 2017 to October 18, 2017 |
| Listing Date | October 30, 2017 |
| Face Value | ₹10 per share |
| Price | ₹80 per share |
| Lot Size | |
| Total Issue Size | 3,000,000 shares (aggregating up to ₹24.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Sheetal Cool Products Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹80.00 |
| Open | ₹96.00 |
| Low | ₹80.50 |
| High | ₹96.00 |
| Last Trade | ₹86.60 |
Sheetal Cool Products IPO Listing Details
| Listing Date | October 30, 2017 |
| BSE Script Code | 540757 |
| NSE Symbol | SCPL |
| ISIN | INE501Y01019 |
| Final Issue Price | ₹80 per share |
Company Profile
Sheetal Cool Products Ltd, founded in 2000, is a Gujrat-based firm that manufactures and processes milk and milk products, snacks, and bakery items. Ice cream, milk and milk products, mango ras, lassi, curd, flavoured milk, masko, wafers, namkeen, fryums, and bakery products are among the products available. The product is marketed under the brand name ‘Sheetal’ by the company.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | einward.ris@karvy.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Sheetal Cool Products Ltd |
| Phone number | +91 79-26421701 |
| Email ID | cssheetal9@gmail.com |
| Website | sheetalicecream.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
