Shanthala FMCG Products Limited IPO is set to launch on 27 October, 2023. The company initiated its business operations in 1996. The company is involved in the business of branded packaged foods, Education and stationery products, personal care products, Matches, Tobacco products and Agarbatti products. It serves its customers well with good quality services of delivery and sales to be done at reasonable prices. It has also became an ITC distributor in the year 2007. Variety of products have been the main forte of the company and by providing meaningful experience to shoppers the company maintains the retention rate of customers.
Shanthala FMCG Products Limited IPO DETAILS
Shanthala FMCG Products Limited IPO is set to launch on 27 October, 2023. The subscription timeline extends till 31 October, 2023. The size for the IPO is 16.07 Crore Rs. Shares issued through fresh issue mode are worth 16.07 Crore Rs. No shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 91 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of Shanthala FMCG Products Limited IPO
| IPO OPENING DATE | 27 October, 2023 |
| CLOSING DATE FOR IPO | 31 October, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 97 Rs per share |
| LOT SIZE | 1200 shares |
| MINIMUM ORDER QUANTITY | 1200 shares |
| ISSUE SIZE | 16.07 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 16.07 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 8 November, 2023 |
Shanthala FMCG Products Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 27 October, 2023 |
| CLOSING DATE FOR IPO | 31 October, 2023 |
| IPO ALLOTMENT DATE | 3 November, 2023 |
| REFUNDS | 6 November, 2023 |
| DEMAT A/C CREDITED ON | 7 November, 2023 |
| IPO LISTING DATE | 8 November, 2023 |
Shanthala FMCG Products Limited IPO begins for subscription from 27 October, 2023. The IPO subscription would continue till 31 October, 2023. The allotment status for the shareholders who applied would come on 3 November, 2023. The refunds for the ones who did not get allotment would be initiated on 6 November, 2023. The DEMAT accounts of shareholders would be credited on 7 November, 2023. The listing of the company would be completed on 8 November, 2023.
Shanthala FMCG Products Limited IPO : Lead Managers
The lead managers are :
- First Overseas Capital Limited
The minimum lot size for the company is decided at 1200 shares. This holding accounts to 109200 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 218400 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1200 shares | 109200 Rs. |
| Maximum | 2400 shares | 218400 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 569 | 615 | 657 |
| Revenue | 3955 | 3254 | 4077 |
| PAT | 14 | 4.5 | 17.7 |
Shanthala FMCG Products Limited had an asset base of 569 Lakh Rs in the year 2021. This increased to 615 Lakh Rs in the year 2022 and then became 657 Lakh Rs in 2023. The revenue of the firm was 3955 Lakh Rs in the year 2021. This decreased to 3254 Lakh Rs in the year 2022. However in the year 2023 the revenue again increased to 4077 Lakh Rs. The profit of the firm was 14 Lakh Rs in the year 2021. In the year 2022 the profit of the firm decreased to 4.5 Lakh Rs. However in the year 2023 the profit of the firm again increased to 17.7 Lakh Rs.
PROS
- The company is involved in the business of branded packaged foods, Education and stationery products, personal care products, Matches, Tobacco products and Agarbatti products.
- Company serves its customers well with good quality services of delivery and sales to be done at reasonable prices. It has also became an ITC distributor in the year 2007.
- Variety of products have been the main forte of the company and by providing meaningful experience to shoppers the company maintains the retention rate of customers.
CONS
- The company works in a highly competitive segment.
Shanthala FMCG Products Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Shanthala FMCG Products Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
