Sheetal Universal was incorporated on August 20, 2015. The company is engaged in the business of sourcing, processing, and supplying agricultural commodities such as peanuts, sesame seeds, spices, and grains. These products cater to manufacturers of peanut butter, biscuits, cakes, chocolates, and other food products.
| Bidding Dates |
|---|
| 04 Dec 2023 - 06 Dec 2023 |
| Subscription |
|---|
| 162.53x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,40,000 | 1 | 1 | 2000 | 3.4 M | ₹70 | 70.32 % | ₹238.0 M | RHP DOC |
Sheetal Universal IPO SUBSCRIPTION STATUS
06 Dec '23Sheetal Universal IPO overall subscription rate was 162.53 times the total available shares
Sheetal Universal IPO retail subscription rate was 123.17 times in the retail segment
Sheetal Universal IPO non-institutional investor subscription rate was 201.9 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
06 Dec 2023 (Day 3) | 123.17x | 201.9x | - |
05 Dec 2023 (Day 2) | 21.15x | 13.4x | - |
04 Dec 2023 (Day 1) | 4.39x | 3.36x | - |
Sheetal Universal FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 5MFY24 | 18.8 | 567.6 | -45.5 | -47.8 | 3.2% |
| FY23 | 19.9 | 1,288.1 | -26.8 | -58.2 | 1.2% |
| FY22 | 2.8 | 386.9 | 23.1 | 18.9 | 0.4% |
| FY21 | 2.5 | 376.4 | 1.9 | 0.8 | 0.1% |
Sheetal Universal IPO SUBSCRIPTION STATUS DETAILS
Sheetal Universal had 3.4 M shares on offer
Sheetal Universal IPO offer price was ₹70
Sheetal Universal IPO minimum Investment was ₹140000
Sheetal Universal IPO issue size was ₹ 238.0 M
Sheetal Universal had a minimum lot size of 2000 Shares per application
Sheetal Universal NUMBER OF SHARES ON OFFER
Sheetal Universal IPO IMPORTANT DATES
| Issue Open Date | 04 Dec 2023 |
| Issue close Date | 06 Dec 2023 |
| Allotment Date | 07 Dec 2023 |
| Refund Date | 08 Dec 2023 |
| Demat Account Credit Date | 08 Dec 2023 |
| Listing Date | 11 Dec 2023 |
| Listing on Exchange(s) | NSE |
| Sheetal Universal Allotment Status | Exchange |
Sheetal Universal IPO subscription opened on 04 Dec 2023, and closed on 06 Dec 2023
IPO allotment for Sheetal Universal was finalized on Thursday, 07 Dec 2023
IPO listing for Sheetal Universal was on NSE on Monday, 11 Dec 2023
Sheetal Universal IPO LISTING GAINS
| Issue Price (adjusted) | 70.0 |
| Listing Open Price | 75.0 |
| Listing Close Price | 75.4 |
| Listing Gain% | 7.1% |
| Current Gain% | 379.1% |
Sheetal Universal Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sheetal Universal Ltd. | 335.4 | 384.2 | 33.4 | 1.4 | 2.2 | 21 | 9 | 176 | 62.9 | 11.5 | 23.8 | 10 | 23.8 |
| LT Foods Ltd. | 427.6 | 14846.8 | 23.2 | 7.3 | 1.3 | 13.8 | 6.9 | 11023.1 | 25.7 | 625.4 | 3.3 | 18.4 | 3.2 |
| Godrej Agrovet Ltd. | 542.8 | 10442.3 | 23.4 | -12.8 | 1 | 23.3 | 7.7 | 10338.5 | 9.7 | 472.8 | 10 | 23.2 | -1.8 |
| KRBL Ltd. | 378.6 | 8666.9 | 13.4 | 0.4 | 1.4 | 11.2 | 9.8 | 6168.2 | 9.1 | 648 | 36.1 | 28.3 | 36.1 |
| Gujarat Ambuja Exports Ltd. | 169.2 | 7761.6 | 18.7 | 0.2 | 1.3 | 9.2 | 7.3 | 5835.8 | 24.3 | 304.3 | 22 | 9.1 | 75.1 |
| Kaveri Seed Company Ltd. | 764.4 | 3932.3 | 13.3 | 2.6 | 2.8 | 16.8 | 10.7 | 1424.1 | 13.8 | 295.8 | 5.2 | 57.5 | 5.2 |
Sheetal Universal INFORMATION ON IPO ISSUE
About Sheetal Universal
Sheetal Universal was incorporated on August 20, 2015. The company is engaged in the business of sourcing, processing, and supplying agricultural commodities such as peanuts, sesame seeds, spices, and grains. These products cater to manufacturers of peanut butter, biscuits, cakes, chocolates, and other food products.
Object of the Issue
- Funding capital expenditure
- Working capital requirement
- General corporate purpose
- To meet public issue expenses
Sheetal Universal - PROMOTERS
| Name |
|---|
| Hiren Vallabhbhai Patel |
| Kajal Hiren Patel |
Sheetal Universal Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Sheetal Universal Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Sheetal Universal Strengths
Geographic location
The company's processing unit is located near Rajkot, which is a hub and market yard for peanuts, groundnuts, seeds, sesame, and chickpeas
Long-standing relationship
Owing to its strong customer relationships and the varied applications of its product portfolio, the company has been able to retain many of its customers for a long period, ensuring uninterrupted supplies to them
Quality assurance
The company's manufacturing facility is accredited with ISO 22000:2018 and HALAL certifications for the processing of groundnuts, groundnut kernels, sesame seeds, and whole & ground spices
Sheetal Universal Risks
Dependent on few customers
The company relies on its top ten customers for the majority of its sales. Losing any of these significant customers could affect its revenues and profitability
Certain legal proceedings
The company is involved in various legal proceedings that are pending at different levels of adjudication before courts, tribunals, enquiry officers, and appellate authorities
Faces competition
The company faces competition in its business from both domestic and global competitors. This competition could adversely impact its business and financial performance
IPO FAQs
The promoters of the company are Hiren Vallabhbhai Patel and Kajal Hiren Patel.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 70.0 - 70.0.
The IPO application opens on Dec 04, 2023 and closes on Dec 06, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 140,000.0, the maximum value for this IPO is Rs 140,000.0.
This IPO will be allotted on Dec 07, 2023.
The refund will be credited to your account on Dec 08, 2023.
The allotted shares will be credited to your demat on Dec 08, 2023.
Sheetal Universal Ltd.’s shares listed on the stock exchanges on Dec 11, 2023.