Sheetal Universal Limited IPO (Sheetal Universal IPO)

Sheetal Universal IPO
Sheetal Universal IPO

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 Date04 December 2023
IPO Closing Date06 December 2023
Issue TypeFixed Price Issue IPO
Issue Size3,400,000 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 Lot2000 Shares
Min Order2000 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
Other Shares Offered50%
Retail Shares Offered50%

Sheetal Universal IPO – Date Schedule

IPO Open Date04 December 2023
IPO Close Date06 December 2023
Basis of Allotment07 December 2023
Initiation of Refund08 December 2023
Credit of Shares to Demat Account08 December 2023
IPO Listing Date11 December 2023
Cut-off time for UPI mandate confirmation5 PM on Dec 06, 2023

Sheetal Universal IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)12,0001,40,000
Retail (Maximum)12,0001,40,000
HNI (Minimum)24,0002,80,000

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 Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax187.67198.8528.3125.41
Net Worth1,046.89649.22450.37422.07
Reserves and Surplus241.29299.22100.3772.07
Total Borrowing1,463.221,356.24984.80625.07

Amount in ₹ Lakhs

Key Performance Indicator

P/E (x)27.34
EPS (Rs)2.56

Sheetal Universal IPO Promoter Holding

Share Holding Pre Issue95%
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

Sheetal Universal IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

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.
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