Sheetal Universal Limited IPO : Company Info.

Sheetal Universal Limited IPO is set to launch on 4 December, 2023. The company initiated its business operations in the year 2015. It is involved in the business of processing, sourcing, supplying of agricultural commodities like sesame seeds, peanuts, spices, grains and also manufacturers biscuits, peanut butter, chocolate, cakes, food products etc. The manufacturing facility of the company is located in Jamnagar and has an area of 14662 sq mts. 

It is a member of Agricultural and Processed Food Products Export Development Authority and Indian Oilseeds and Produce Export Promotion Council. The product portfolio of the company includes peanuts, spices, Sesame seeds and pulses, etc. It owns more than 2 subsidiaries namely Svar Industries Private Limited and Someshwar International Private Limited.

Sheetal Universal Limited IPO DETAILS

Sheetal Universal Limited IPO is set to launch on 4 December, 2023. The subscription timeline extends till 6 December, 2023. The size for the IPO is 23.80 Crore Rs. Shares issued through fresh issue mode are worth 23.80 Crore Rs. No shares are issued through offer for sale mode. The lot size is 4000 shares and the price is 70 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 Sheetal Universal Limited IPO 

Sheetal Universal Limited IPO : IMPORTANT DATES

Sheetal Universal Limited IPO begins for subscription from 4 December, 2023. The IPO subscription would continue till 6 December, 2023. The allotment status for the shareholders who applied would come on 7 December, 2023. The refunds for the ones who did not get allotment would be initiated on 8 December, 2023. The DEMAT accounts of shareholders would be credited on 8 December, 2023. The listing of the company would be completed on 11 December, 2023.

Sheetal Universal Limited IPO : Lead Managers

The lead managers are :

• Beeline Capital Advisors Private Limited

The minimum lot size for the company is decided at 4000 shares. This holding accounts to 140000 Rs.. The maximum lot size is decided at 8000 shares (HNI). This amounts to 280000 Rs.. Hence the company’s final holdings would be set as :

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

Sheetal Universal Limited had an asset base of 1272 Lakh Rs in the year 2021 which increased to 1602 Lakh Rs in 2022 and 2804 Lakh Rs in 2023. The revenue of the firm was 3883 Lakh Rs in 2021 and it increased to 3983 Lakh Rs in 2022. This became 13165 Lakh Rs in 2023. The profit of the company was 25 Lakh Rs in 2021 which increased to 28 Lakh Rs in 2022 and 198 Lakh Rs in 2023.

PROS

• The manufacturing facility of the company is located in Jamnagar and has an area of 14662 sq mts. 
• It is a member of Agricultural and Processed Food Products Export Development Authority and Indian Oilseeds and Produce Export Promotion Council. 
• The product portfolio of the company includes peanuts, spices, Sesame seeds and pulses, etc. 
• It owns more than 2 subsidiaries namely Svar Industries Private Limited and Someshwar International Private Limited.

CONS

• The company works in a highly competitive segment.

Sheetal Universal 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 :

1.   Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2.   Click the Sheetal Universal Limited IPO button and press the BID button.
3.   Entering the details asked for like UPI ID, Quantity and price.
4.   Submit the application form for the IPO.
5. 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.