Sheetal Universal IPO GMP (Grey Market Premium)
by 5paisa Research Team
30 Nov 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 11-Dec-23
- IPO Price Range ₹ 70
- Listing Price ₹ 75
- Listing Change 7.1%
- Last Traded Price ₹ 70.95
- Current Change 1.4%
Sheetal Universal IPO Details
- Open Date 04-Dec-23
- Close Date 06-Dec-23
- Lot Size 2000
- IPO Size ₹ 23.80 Cr
- IPO Price Range ₹ 70
- Min Investment ₹ 140000
- Listing Exchange NSE SME
- Basis of Allotment 07-Dec-23
- Refunds 08-Dec-23
- Credit to Demat Account 08-Dec-23
- Listing Date 11-Dec-23
Sheetal Universal IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 04-Dec-23 | - | 3.56 | 4.79 | 4.69 |
| 05-Dec-23 | - | 14.05 | 23.01 | 20.54 |
| 06-Dec-23 | - | 212.55 | 129.73 | 179.20 |
Sheetal Universal IPO Synopsis
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.
About Sheetal Universal
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
Sheetal Universal Financial Status
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 |
Sheetal Universal IPO Key Points
-
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.
Sheetal Universal
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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 -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
Be a part of the 5paisa community now with 10 million mobile app users
There is some issue, try later
By Proceeding, you agree T&C*
Sheetal Universal IPO FAQs
What is the minimum lot size and investment required for the Sheetal Universal IPO?
The minimum lot size of Sheetal Universal IPO is 2000 shares and the investment required is ₹1,40,000.
What is the price band of Sheetal Universal IPO?
The price for Sheetal Universal IPO is ₹70 per share.
When does the Sheetal Universal IPO opens and closes?
Sheetal Universal IPO opens from 4th December to 6th December 2023.
What is the size of the Sheetal Universal IPO ?
The size of Sheetal Universal IPO is ₹23.80 cr.
What is the allotment date of the Sheetal Universal IPO?
The share allotment date of Sheetal Universal IPO is 7th December 2023.
What is the Sheetal Universal IPO listing date?
The Sheetal Universal IPO will be listed on 11th December 2023.
Who are the book runners for the Sheetal Universal IPO?
Beeline Capital Advisors Private Limited is the book-running lead manager for Sheetal Universal IPO.
What is the objective of the 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.
How to apply for the Sheetal Universal IPO?
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.
Contact Details of Sheetal Universal IPO
Contact Information
Sheetal Universal Limited
Office No. 348
2nd Floor, ISCON Mall,
150 Feet Ring Road, Rajkot - 360005
Phone: +91 9099302638
Email: cs@sheetaluniversal.com
Website: https://sheetaluniversal.com/
Sheetal Universal IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Sheetal Universal IPO Lead Manager
Beeline Capital Advisors Pvt Ltd
Sheetal Universal IPO Related Articles
