Sheetal Universal Limited is engaged in the business of sourcing, processing, and supplying agricultural commodities like peanuts, sesame seeds, spice, and grains to cater to the manufacturers of peanut butter, biscuits, cakes, chocolate, and food products.
The product range of the company comprises spices, peanuts, sesame seeds and pulses, and other agro-products.
Sheetal Universal owns a manufacturing & processing unit situated in Jamnagar, Gujrat, spread across a total land area of approximately 14,668 sq mts. The manufacturing unit is certified with FSSAI-2006 by the Government of India. The company is a member of the Agricultural & Processed Food Products Export Development Authority and the Indian Oil Seeds & Produce Export Promotion Council.
The company owns two subsidiaries Saumesvar International Private Limited and Svar Industries Private Limited. The subsidiaries process and export agri-commodities like oil seed, grains, etc.
The company’s clientele includes customers from the Russian Federation, Indonesia, Malaysia, Vietnam, UAE, Iran, Algeria, Israel, Turkey, and Egypt.
Sheetal Universal IPO – Details
| IPO Opening Date | 04 December 2023 |
| IPO Closing Date | 06 December 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 3,400,000 Shares Worth ₹23.80 Crore Fresh Issue: 3,400,000 Shares Worth ₹23.80 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹70 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Sheetal Universal IPO – Date Schedule
| IPO Open Date | 04 December 2023 |
| IPO Close Date | 06 December 2023 |
| Basis of Allotment | 07 December 2023 |
| Initiation of Refund | 08 December 2023 |
| Credit of Shares to Demat Account | 08 December 2023 |
| IPO Listing Date | 11 December 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Dec 06, 2023 |
Sheetal Universal IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2,000 | 1,40,000 |
| Retail (Maximum) | 1 | 2,000 | 1,40,000 |
| HNI (Minimum) | 2 | 4,000 | 2,80,000 |
Company Promoters
- Mr. Hiren Vallabhbhai Patel
- Mrs. Kajal Hiren Patel.
Object Of The Issue
- Funding capital expenditure
- Working Capital Requirement
- General Corporate Purpose
- To meet Public Issue Expenses
Company Financial
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,370.03 | 2,804.02 | 1,602.82 | 1,272.15 |
| Revenue | 5,826.93 | 13,165.68 | 3,983.67 | 3,883.53 |
| Profit After Tax | 187.67 | 198.85 | 28.31 | 25.41 |
| Net Worth | 1,046.89 | 649.22 | 450.37 | 422.07 |
| Reserves and Surplus | 241.29 | 299.22 | 100.37 | 72.07 |
| Total Borrowing | 1,463.22 | 1,356.24 | 984.80 | 625.07 |
Amount in ₹ Lakhs
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 27.34 |
| ROE | 36.17% |
| ROCE | 21.59% |
| Debt/Equity | 2.09 |
| EPS (Rs) | 2.56 |
| RoNW | 30.63% |
Sheetal Universal IPO Promoter Holding
| Share Holding Pre Issue | 95% |
| Share Holding Post Issue |
Sheetal Universal IPO Prospectus
Company 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 Registrar
| 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(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Sheetal Universal IPO FAQs
| What is Sheetal Universal IPO? Sheetal Universal IPO is a SME IPO. The issue is priced at ₹70 per equity share. The IPO is to be listed on NSE SME. |
| When Sheetal Universal IPO will open? The IPO is to open on 04 December 2023 for Retail – 50% and Other – 50% Investors. |
| How to Sheetal Universal IPO? You can apply Sheetal Universal IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Sheetal Universal IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Sheetal Universal”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Sheetal Universal IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Sheetal Universal”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Sheetal Universal IPO Size? Sheetal Universal IPO size is ₹23.80 crores. |
| What is Sheetal Universal IPO Price Band? Sheetal Universal IPO Price Band is ₹70. |
| What is Sheetal Universal IPO Minimum Lot Size? The minimum bid is 2000 Shares with ₹1,40,000 amount |
| What is the Sheetal Universal IPO Allotment Date? Sheetal Universal IPO allotment date is 07 December 2023. |
| What is the Sheetal Universal IPO Listing Date? Sheetal Universal IPO listing date is 11 December 2023. The IPO is to list on NSE SME. |
