Intro: Sheetal Universal Limited IPO open on 4th Dec 2023, close date 6 Dec 2023 , they are issuing 3,400,000 equity shares at a face value of ₹10 apiece. Join them on a tasty adventure.
Since its founding, Sheetal Universal which is well-known for producing and exporting a wide variety of premium culinary products—has been dedicated to providing excellence.These ingredients include edible oil, spices, peanuts, sesame seeds, lentils, and more. With an equity share price of ₹70 and a share premium of ₹60, the total amount raised through the IPO is ₹2,380.00 lakhs. With the goal of making up 29.68% of the post-issue paid-up equity share capital, this offering gives investors a delicious chance to share in the success of Sheetal Universal. Don’t pass up the opportunity to enjoy the future growth in this explosive powerhouse of agricultural goods.
Sheetal Universal Limited IPO Details
Sheetal Universal Limited IPO listing date on 11.12.2023 , company listing platform NSE SME.
Sheetal Universal Limited IPO Details:
| Company Name | Sheetal Universal Limited |
|---|---|
| Series | EQ |
| Issue size | 34,00,000 Equity Shares |
| Issue Type | Fresh Issue |
| Issue Price | Rs 70 |
| Face Value | Rs 10 Per Equity Share |
| Lot Size | 2000 EQ Shares |
| Book Running Lead Managers | Beeline Capital Advisors Private Limited |
| Registrar to Issue | Bigshare Services Private Limited |
| Subsidiaries | 1> Saumesvar International PVT.LTD 2> Svar Industries PVT.LTD |
| Sponsor Bank | Axis Bank |
| Listing Platform | NSE SME |
Sheetal Universal Limited IPO Time Details
| Events | Dates |
|---|---|
| Open Date | Monday, 4th Dec 2023 |
| Close Date | Wednesday, 6 Dec 2023 |
| Share Allotment | Thursday, 7 Dec 2023 |
| Refunds | Friday, 8 Dec 2023 |
| Credit Share in Demat Account | Friday, 8 Dec 2023 |
| Listing Date | Monday, 11 Dec 2023 |
Sheetal Universal Limited IPO Issue Structure
| Particulars | Net Issue |
|---|---|
| Lot Size | 2000 Shares Per Lot |
| Mode Of Application | Through ASBA mode Only |
| Minimum Bid For Retail Investors | 2000 Share Rs 140,000 |
| Maximum Bid For Retail Investors | Not more than 200,000 |
| Minimum Bid For QIB and NII | Not less than Rs 200,000 |
Shares Offer:
| Particulars | Shares Offer |
|---|---|
| Equity Shares offeres | The total amount of 3400000 equity shares, each worth ₹10/-at an issue price of ₹70, will be ₹ 2,380.00 Lakhs. |
| Public Net Issue | 3228000 equity shares, valued at ₹ 10/-each, at a ₹ 70 issue price, for a total of ₹ 2,259.60 lakhs. |
| Retail - Non Retail | 1614000 equity shares, valued at ₹ 10/-each, at a ₹ 70 issue price, for a total of ₹ 1,129.80 lakhs. |
| Equity Shares outstanding prior to the Issue | 8055999 Equity Shares of ₹ 10/ each |
| Equity Shares outstanding after Issue | 11455999 Equity Shares of ₹ 10/ each |
Sheetal Universal Limited Company Details:
Business and Product details:
In the agricultural goods sector, Sheetal Universal Limited is a prominent processor and exporter with a broad focus on food commodities. The company’s mission has been to source, process, and distribute premium edible oil, spices, peanuts, sesame seeds, pulses, and other agricultural goods from India ever since it was founded.
Ensuring the quality of its food ingredients is at the heart of Sheetal Universal’s operations. The firm has been well-known for its dedication to producing high-quality goods, winning the market’s trust with its dependability and promise of quality.
Product:
Spices: With a focus on spices, Sheetal Universal sources, processes, and exports a diverse range of flavorful and aromatic spices, contributing to the culinary richness of various cuisines.
Peanuts and Sesame Seeds: Sheetal Universal is actively involved in the production and export of peanuts and sesame seeds, contributing to the global demand for these nutritious and versatile ingredients.
other products oil seed, fenugreek seeds, cumin seeds, turmeric, Dill seeds, Kalunji, Grais, Rice, chickpeas, raisins ETC.
Financial Performance:
all amount (₹ In Lakhs)
| Particulars | August 31, 2023 | March 31, 2023 | March 31, 2022 |
|---|---|---|---|
| Sales | 5,675.86 | 12,881.22 | 3,868.77 |
| Profit | 187.68 | 198.86 | 28.32 |
| Equity Share Capital | 805.60 | 350.00 | 350.00 |
| EBITDA | 181.21 | 149.21 | 15.98 |
| RoE (%) | 22.13% | 36.17% | 6.49% |
| RoCE (%) | 13.50% | 21.59% | 6.99% |
| Reserve and Surplus | 241.29 | 299.22 | 100.37 |
| Current Assets | 4,370.03 | 2,804.02 | 1,602.8 |
| Operating Cash Flows | (455.15) | (268.02) | 231.25 |
Object on Issue:
1. Funding capital expenditure
2. General Corporate Purpose
3. Working Capital Requirement
4. Public Issue Expenses
Promoters and Board of Directors:
| Name | Designation |
|---|---|
| Mr. Hiren Vallabhbhai Patel | Managing Director and Promoter |
| Mr. Kajal Hiren Patel | Whole Time Director and Promoter |
| Mr. Nishant Shavjibhai Ramani | Non-Executive Director |
| Mrs. Jagrutiben Ghanshyambhai Virani | Independent Director |
| Mr. Vishal Shah | Independent Director |
| Mr. Jay Mansukh Shah | Independent Director |
Shareholding Pattern:
| Particulars | Pre issue number of shares | percantage of holding pre issue |
|---|---|---|
| Promoter and Board of Directors | 76,53,255 | 95.00% |
| Public | 4,02,744 | 5.00% |
| Total | 80,55,999 | 100% |
Dividend policy: There isn’t a specific dividend policy in place at Sheetal Universal as of yet, and any dividends that are paid out depend on a number of factors, such as current financial agreements and any restrictive covenants. According to the Sheetal Universal Limited IPO prospectus, there have been no declared dividends for the previous three fiscal years, and there are none for the current fiscal year. There are no assurances about the declaration, payment, or maintenance of dividend amounts, therefore the dividend picture for the future is still unknown.
Risk Factors: A stock investment carries a significant level of risk. Before purchasing equity shares, investors should carefully review all of the information in this prospectus, including the risks and uncertainties listed below. Along with the other risks and uncertainties discussed in this prospectus, any of the following risks might have.
Industry and Market Risks:
The market and industry trends have an impact on Sheetal Universal Limited’s success. The demand for agroproducts, shifts in customer tastes, and general economic conditions can all affect a company’s financial performance.
Reliance on Agricultural Products:
A major part of Sheetal Universal’s operations is the sourcing and handling of agricultural products. Production costs and overall profitability can be impacted by changes in material pricing, availability, and quality.
Regulatory and Conformity Hazards:
The agro-products sector must adhere to a number of rules and specifications. Modifications to regulations, problems with noncompliance, or legal disputes might negatively impact the business’s operations.
Worldwide Economic Aspects:
As an exporter and processor, Sheetal Universal is subject to the state of the world economy. International commerce may be impacted by trade barriers, economic downturns, or geopolitical upheavals in important markets.
Address:
REGISTERED OFFICE:
Office No. 348, 2nd Floor, ISCON Mall, 150 Feet
Ring Road, Rajkot – 360005, Gujarat, India.
Mobile No: +91 9099302638
Email Id: [email protected]
WEBSITE : sheetaluniversal.com
