Shanthala FMCG Products IPO will open for subscription from 27 October 2023. The company aims for an issue size of ₹16.07 Cr through this IPO.
Company Overview
| Full name | Shanthala FMCG Products Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://shanthalafmcg.com/ |
About Company
Incorporated in 2014, Shanthala is an FMCG product distributor for large-size FMCG companies in India for whom it distributes branded packaged foods, personal care products, education & stationery products, matches & agarbatti, and tobacco products. The company is also a distributor for one of the largest FMCG MNC companies in India. It distributes branded beauty & wellbeing, nutrition, personal care & home care products for them. It also distributes oil, sugar, and atta for M. K. Agrotech Pvt. Ltd. sold under their brand name Sunpure. At present the area of operation is in the district of Coorg, Karnataka. As of 30 September 2023, Shanthala FMCG products had an employee base of 26 employees.
The Objectives of the Issue
- Funding additional working capital requirements
- General Corporate Purposes
Shanthala FMCG Products IPO Timetable
| IPO Opening date | 27 October 2023 |
| IPO Closing | 31 October 2023 |
| Basis of Allotment | 03 November 2023 |
| Initiation Refund | 06 November 2023 |
| Credit to Demat Account | 07 November 2023 |
| Listing Date | 08 November 2023 |
Shanthala FMCG Products IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹16.07 Cr – 1,766,400 shares |
| Fresh Issue | ₹16.07 Cr – 1,766,400 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹91 per share |
| Lot size | 1200 shares |
| Market Maker portion | 88,800 shares |
| Shareholding pre-issue | 4,931,664 |
| Shareholding post-issue | 6,698,064 |
| Listing Exchange | NSE SME |
Shanthala FMCG Products IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹109,200 |
| Retail (Max) | 1 | 1200 | ₹109,200 |
| HNI (Min) | 2 | 2,400 | ₹218,400 |
Shanthala FMCG Products IPO Reservation Details
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Shanthala FMCG Products Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 5M FY 2023 | |
| Revenue | 3,929.64 | 3,225.87 | 4,051.59 | 1,574.24 |
| Expenses | 3,890.21 | 3,206.58 | 4,008.30 | 1,555.16 |
| Net income | 14.41 | 4.52 | 17.73 | 10.15 |
Shanthala FMCG Products Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.88 | 0.90 | 3.55 |
| PE ratio | – | – | 25.63 |
| RONW (%) | 11.91 | 3.60 | 12.38 |
| NAV | 24.19 | 25.10 | 28.64 |
| ROCE (%) | 16.00 | 13.00 | 19.00 |
| EBITDA (%) | 1.65 | 1.47 | 1.69 |
| Debt/Equity | 3.35 | 3.26 | 3.12 |
Company Promoters
- Manjunath Mallya
- Shobitha Malya
- Sneha Vinayak Kudva
- Yogish Mallya
Promoter Holding
| Pre Issue Share Holding | 77.44% |
| Post Issue Share Holding | 57.19% |
Lead Manager(s)
FIRST OVERSEAS CAPITAL LIMITED
1-2 Bhupen Chambers, Dalal Street, Fountain,
Mumbai – 400 001, Maharashtra, India
Phone: +91 22 4050 9999
Email: mb@focl.in
Website: www.focl.in
Shanthala FMCG Products Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
SHANTHALA FMCG PRODUCTS LIMITED
7th Block, Gandhinagar Bye Pass Road,
Virajpet, Kodagu – 571218, Karnataka, India
Phone: +91 82742 98999
E-mail: ipo@Shanthalafmcg.com
Website: www.Shanthalafmcg.com
Shanthala FMCG Products IPO Allotment Status
Shanthala FMCG IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Shanthala FMCG Products IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
