Sheetal Universal IPO will open for subscription from 04 December 2023. The company aims for an issue size of ₹23.80 Cr through this IPO.
Company Overview
| Full name | Sheetal Universal Limited |
| Sector | Agriculture |
| Industry | Agriculture |
| Company Website | https://sheetaluniversal.com/ |
About Company
Incorporated in 2015, Sheetal Universal is into sourcing, processing, and supplying agriculture commodities like peanuts, sesame seeds, spices, and grains to the eventual production of peanut butter, biscuits, cakes, chocolate, and food products. Its owned manufacturing & processing facility is situated at Jamnagar, Gujrat, which is spread over a total land area of approximately 14668 sq mts. Its customers are mainly in the B2B segment. The company is not present in the online space. All its sales are in offline mode.
Sheetal Universal has two subsidiaries Saumesvar International Private Limited and Svar Industries Private Limited. Its subsidiaries are processors, and exporters of Agri Commodities like oil seed, grains, etc. The company supplies products to the Russian Federation, Indonesia, Malaysia, Vietnam, UAE, Iran, Algeria, Israel, Turkey, and Egypt. As of 31 July 2023, the company has a total of 19 employees.
The Objectives of the Issue
- Funding capital expenditure
- Working Capital Requirement
- General Corporate Purpose
- To meet Public Issue Expenses
Sheetal Universal IPO Timetable
| IPO Opening date | 04 December 2023 |
| IPO Closing | 06 December 2023 |
| Basis of Allotment | 07 December 2023 |
| Initiation Refund | 08 December 2023 |
| Credit to Demat Account | 08 December 2023 |
| Listing Date | 11 December 2023 |
Sheetal Universal IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹23.80 Cr – 3,400,000 shares |
| Fresh Issue | ₹23.80 Cr – 3,400,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹70 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 172,000 shares |
| Shareholding pre-issue | 8,055,999 |
| Shareholding post-issue | 11,455,999 |
| Listing Exchange | NSE SME |
Sheetal Universal IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
Sheetal Universal IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 172,000 (5.06%) |
| Other Shares Offered | 1,614,000 (47.47%) |
| Retail Shares Offered | 1,614,000 (47.47%) |
| Total Shares Offered | 3,400,000 (100%) |
Sheetal Universal Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 5M FY 2024 | |
| Revenue | 3,763.64 | 3,868.77 | 12,881.22 | 5,675.86 |
| Expenses | 3,851.71 | 3,941.87 | 12,887.70 | 5,576.14 |
| Net income | 25.41 | 28.31 | 198.85 | 187.67 |
Sheetal Universal Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.33 | 0.37 | 2.56 |
| PE ratio | – | – | 27.34 |
| RONW (%) | 6.02 | 6.29 | 30.63 |
| NAV | 5.44 | 5.81 | 8.37 |
| ROCE (%) | 7.28 | 6.99 | 21.59 |
| EBITDA (%) | 0.11 | 0.41 | 1.16 |
| Debt/Equity | 1.48 | 2.19 | 2.09 |
Company Promoters
- Mr. Hiren Vallabhbhai Patel
- Mrs. Kajal Hiren Patel.
Promoter Holding
| Pre Issue Share Holding | 95% |
| Post Issue Share Holding | 66.81% |
Sheetal Universal IPO Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B/1311-1314, Shilp Corporate Park Near Rajpath Club,
Rajpath Rangoli Road, S.G. Highway, Ahmedabad, Gujarat 380054
Phone: 079 4918 5784
Email: mb@beelinemb.com
Website: www.beelinemb.com
Sheetal Universal 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
Sheetal Universal Contact Details
SHEETAL UNIVERSAL LIMITED
Office No. 348, 2nd Floor, ISCON Mall,
150 Feet Ring Road, Rajkot – 360005, Gujarat
Phone: +919099302638
E-mail: cs@sheetaluniversal.com
Website: www.sheetaluniversal.com
Sheetal Universal IPO Allotment Status
Sheetal Universal IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Sheetal Universal 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
