The Sheetal Universal date has been confirmed from December 4 and ended on December 11
Sheetal Universal IPO is a fixed price issue of Rs 23.80 crores. The 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.
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Bidding Dates
December 4 – 11
Price Range
₹70 per share
Face Value
₹10 per share
GMP
₹9
Sheetal Universal GMP
The Sheetal Universal IPO GMP is ₹9.
IPO Overview
Sheetal Universal IPO is a Rs 23.80 crore fixed price issuance. The issuance is a completely new issue of 34 lakh shares. Bidding for the Sheetal Universal IPO began on December 4, 2023 and finished on December 6, 2023. Sheetal Universal IPO allotment was completed on Thursday, December 7, 2023. On December 11, 2023, the shares were listed on the NSE SME. Sheetal Universal’s initial public offering (IPO) price is $70 per share. A lot size of 2000 shares is required for an application. Retail investors must make a minimum commitment of $140,000. For HNI, the minimum lot size investment is two lots (4,000 shares), totaling $280,000.
Sheetal Universal’s product category includes:
- Oilseeds: Peanuts, Groundnut Inshell, Hulled Sesame Seeds
- Spices: Fenugreek seeds, Cumin Seeds, Turmeric, Dill Seeds, Kalunji, Fennel Seeds
- Grains: Rice, Chickpeas
- Other products: Raisins, Desiccated Coconut
The company’s manufacturing and processing facility is located in Jamnagar, Gujrat, and is spread over a total area of approximately 14668 sq. mtr.
Sheetal Universal IPO Details
| IPO Date | December 4, 2023 to December 6, 2023 |
| Listing Date | December 11, 2023 |
| Face Value | ₹10 per share |
| Price | ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,400,000 shares (aggregating up to ₹23.80 Cr) |
| Fresh Issue | 3,400,000 shares (aggregating up to ₹23.80 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,055,999 |
| Share holding post issue | 11,455,999 |
| Market Maker portion | 172,000 shares |
Sheetal Universal Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 3,763.64 | 3,868.77 | 12,881.22 |
| Expenses | 3,851.71 | 3,941.87 | 12,887.70 |
| Net income | 25.41 | 28.31 | 198.85 |
Sheetal Universal IPO Timeline
| IPO Open Date | Monday, December 4, 2023 |
| IPO Close Date | Wednesday, December 6, 2023 |
| Basis of Allotment | Thursday, December 7, 2023 |
| Initiation of Refunds | Friday, December 8, 2023 |
| Credit of Shares to Demat | Friday, December 8, 2023 |
| Listing Date | Monday, December 11, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 6, 2023 |
Company Profile
Sheetal Universal Limited, founded in 2015, sources, processes, and supplies agricultural raw materials such as peanuts, sesame seeds, spices, and cereals for the manufacture of peanut butter, cookies, cakes, chocolate, and other goods. Sheetal Universal has two subsidiaries: Saumesvar International Private Limited, which exports Indian agricultural produce, ceramic tiles, and brass fittings, and Svar Industries Private Limited, which produces, processes, and distributes agricultural produce, seeds, agricultural seeds, forestry seeds, vegetable seeds, cereals,
grains, pulses, cattle feed or cakes, and spices, including raw spices.
Registrar Info
| Name | BIGSHARE SERVICES PRIVATE LIMITED |
| Phone number | +91 22 6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | bigshareonline.com |
Contact Details
| Name | SHEETAL UNIVERSAL LIMITED |
| Phone number | +91 90993 02638 |
| Email ID | cs@sheetaluniversal.com |
| Website | sheetaluniversal.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.
