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Sheetal Universal IPO

Sheetal Universal IPO

  • Status: Closed
  • RHP:
  • ₹ 140,000 / 2000 shares

    Minimum Investment

IPO Details

  • Open Date

    04 Dec 2023

  • Close Date

    06 Dec 2023

  • IPO Price Range

    ₹ 70

  • IPO Size

    ₹ 23.80 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    11 Dec 2023

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IPO Timeline

Sheetal Universal IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Sheetal Universal Limited IPO is all set to open from 4th December to 6th December 2023. The company sources, processes and supplies agricultural commodities. The IPO includes a fresh issue of 3,400,000 shares worth ₹23.80 cr. The share allotment date is 7th December, and the IPO will be listed on 11th December on the stock exchanges. The price is ₹70 per share and the lot size is 2000 shares.    

Beeline Capital Advisors Private Limited is the book-running lead manager for this IPO, while  Bigshare Services Private Limited is the registrar. 

Objectives of Sheetal Universal IPO:

Sheetal Universal Limited plans to utilize the raised capital from the IPO to:

●    To fund capital expenditure. 
●    For working capital requirements.
●    General corporate purposes.
●    For expenses related to the public issue. 
 

Established in 2015, Sheetal Universal Limited sources, processes and supplies agricultural commodities. This includes agricultural commodities such as peanuts, sesame seeds, spices and grains to produce peanut butter, biscuits, cakes, chocolate and food products. The company was established with the vision of “providing quality product with maintaining safe & hygienic environmental operational condition.”

Sheetal Universal exports products to nations like Indonesia, Malaysia, Vietnam, UAE, Iran, Algeria, Israel, Turkey, Egypt, and the Russian Federation. The Ministry of Commerce and Industry has recognized Sheetal Universalas Category One Star Export House Exporter. 

The company’s manufacturing facility holds ISO 22000:2018 certifications for the processing of groundnut, groundnut kernels, sesame seeds, and both whole and ground spices. Additionally, it is a member of the Agricultural & Processed Food Products Export Development Authority and the Indian Oil Seeds & Produce Export Promotion Council.


Peer Comparison

No listed peers.

For More Information:
Sheetal Universal IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 128.81 38.69 37.64
EBITDA 1.49 0.16 0.04
PAT 1.99 0.28 0.25
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 28.04 16.03 12.72
Share Capital 3.50 3.50 3.50
Total Borrowings 21.55 11.52 8.50
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -2.68 2.31 0.19
Net cash from / (used in) investing activities -3.11 -0.47 0.25
Net cash flow from / (used in) financing activities 2.79 3.15 -0.51
Net increase (decrease) in cash and cash equivalents -3.00 4.99 -0.065


Strengths

1.    The company has an advantage over its processing unit’s location which is based near Rajkot, Gujarat. 
2.    It also has good quality assurance in place. 
3.    Its customer base is diversified and also has long-standing relationships with them. 
4.    Timely product delivery is the company’s forte. 
5.    Organizational stability and scalable business model. 
6.    The management team is experienced.
 

Risks

1.    Exposed to forex fluctuation risks. 
2.    A significant portion of the revenue is from the oil seeds business segment.
3.    The company faces competition from domestic as well as global players.
4.    Higher working capital requirements. 
5.    Reported negative cash flow in the past.
6.    Some of the company’s subsidiaries have incurred losses in the past.   
 

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FAQs

The minimum lot size of Sheetal Universal IPO is 2000 shares and the investment required is ₹1,40,000.

The price for Sheetal Universal IPO is ₹70 per share. 

Sheetal Universal IPO opens from 4th December to 6th December 2023.
 

The size of Sheetal Universal IPO is ₹23.80 cr. 

The share allotment date of Sheetal Universal IPO is 7th December 2023.

The Sheetal Universal IPO will be listed on 11th December 2023.

Beeline Capital Advisors Private Limited is the book-running lead manager for Sheetal Universal IPO.

Sheetal Universal Limited plans to utilize the raised capital from the IPO to:

1.    To fund capital expenditure. 
2.    For working capital requirements.
3.    General corporate purposes.
4.    For expenses related to the public issue. 
 

To apply for Sheetal Universal IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Sheetal Universal Limited IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.