Sat Kartar Shopping Ltd. was incorporated on June 29, 2012. The company is an Ayurveda healthcare provider offering natural wellness solutions in specific therapeutic areas and lifestyle products, blending traditional Ayurvedic knowledge with modern research to promote healthier living
| Bidding Dates |
|---|
| 10 Jan 2025 - 14 Jan 2025 |
| Subscription |
|---|
| 316.02x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,23,200 | 1 | 1 | 1600 | 4.2 M | ₹77 - ₹81 | 63.25 % | ₹321.3 M - ₹338.0 M | RHP DOC |
Sat Kartar Shopping IPO SUBSCRIPTION STATUS
14 Jan '25Sat Kartar Shopping IPO overall subscription rate was 316.02 times the total available shares
Sat Kartar Shopping IPO retail subscription rate was 348.73 times in the retail segment
Sat Kartar Shopping IPO non-institutional investor subscription rate was 1068.97 times in the non-institutional investor category
Sat Kartar Shopping IPO Qualified Institutional Bidder subscription rate was 67.24 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
14 Jan 2025 (Day 3) | 348.73x | 1068.97x | 67.24x |
13 Jan 2025 (Day 2) | 84.32x | 59.1x | 1.25x |
10 Jan 2025 (Day 1) | 11.2x | 3.83x | 0.01x |
Sat Kartar Shopping 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 |
| Till December 15, 2024 | 59.0 | 1,092.8 | -25.1 | -33.9 | 8.0% |
| FY24 | 63.1 | 1,279.1 | 70.4 | 71.5 | 8.0% |
| FY23 | 25.1 | 829.7 | 79.7 | 56.4 | 6.3% |
| FY22 | 13.9 | 519.2 | 22.7 | 15.7 | 4.4% |
Sat Kartar Shopping IPO SUBSCRIPTION STATUS DETAILS
Sat Kartar Shopping had 4.2 M shares on offer
Sat Kartar Shopping IPO offer price was in the range ₹77 - ₹81
Sat Kartar Shopping IPO minimum Investment was ₹123200
Sat Kartar Shopping IPO issue size was ₹ 321.3 M - ₹ 338.0 M
Sat Kartar Shopping had a minimum lot size of 1600 Shares per application
Sat Kartar Shopping NUMBER OF SHARES ON OFFER
Sat Kartar Shopping IPO IMPORTANT DATES
| Issue Open Date | 10 Jan 2025 |
| Issue close Date | 14 Jan 2025 |
| Allotment Date | 15 Jan 2025 |
| Refund Date | 16 Jan 2025 |
| Demat Account Credit Date | 16 Jan 2025 |
| Listing Date | 17 Jan 2025 |
| Listing on Exchange(s) | NSE |
| Sat Kartar Shopping Allotment Status | Exchange |
Sat Kartar Shopping IPO subscription opened on 10 Jan 2025, and closed on 14 Jan 2025
IPO allotment for Sat Kartar Shopping was finalized on Wednesday, 15 Jan 2025
IPO listing for Sat Kartar Shopping was on NSE on Friday, 17 Jan 2025
Sat Kartar Shopping IPO LISTING GAINS
| Issue Price (adjusted) | 81.0 |
| Listing Open Price | 153.9 |
| Listing Close Price | 161.6 |
| Listing Gain% | 90.0% |
| Current Gain% | 49.6% |
Sat Kartar Shopping 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sat Kartar Life Ltd. | 121.2 | 190.7 | 11.2 | 0.2 | 0.9 | 25.3 | 20.2 | 203.1 | 24.1 | 17.1 | 74.3 | 10.8 | 73.7 |
| Sun Pharmaceutical Industries Ltd. | 1930.3 | 463143.6 | 38.3 | 2.3 | 7.7 | 13.7 | 10.6 | 60433.8 | 10.8 | 11479.4 | 5 | 50.4 | 16.6 |
| Divi's Laboratories Ltd. | 8557 | 227161.5 | 77.7 | 2.9 | 20.2 | 15.3 | 12.8 | 11067 | 14 | 2568 | 17.2 | 110.2 | 26.8 |
| Torrent Pharmaceuticals Ltd. | 4873 | 185353.3 | 85 | 9.5 | 11.8 | 25.8 | 4.9 | 13886.2 | 20.3 | 2163.4 | 13.2 | 57.3 | 8.9 |
| Cipla Ltd. | 1469.9 | 118746.3 | 35.2 | -0.9 | 4.2 | 11.3 | 9.1 | 29044.6 | 2.2 | 3879.2 | -26.4 | 41.7 | -37.5 |
| Zydus Lifesciences Ltd. | 1161 | 116823.8 | 25.9 | -16.7 | 4.1 | 18.6 | 9.6 | 27657.9 | 17.6 | 5040 | 11.4 | 44.9 | -1.6 |
Sat Kartar Shopping INFORMATION ON IPO ISSUE
About Sat Kartar Shopping
Sat Kartar Shopping Ltd. was incorporated on June 29, 2012. The company is an Ayurveda healthcare provider offering natural wellness solutions in specific therapeutic areas and lifestyle products, blending traditional Ayurvedic knowledge with modern research to promote healthier living
Object of the Issue
- To meet out the expenses of unidentified acquisition
- To meet out the expenses marketing and advertisement
- To meet out the capital expenditure
- To meet out the expenditure on investment in technology
- To meet out the general corporate purposes
Sat Kartar Shopping - PROMOTERS
| Name |
|---|
| Manprit Singh Chadha |
| Pranav Singh Chadha |
| Simrati Kaur |
| Ajooni Wellness Private Limited |
Sat Kartar Shopping Lead Manager of the Issue
Narnolia Financial Services Limited
ipo@narnolia.com
Sat Kartar Shopping Registrar to the issue
Skyline Financial Services Private Limited
compliances@skylinerta.com
Sat Kartar Shopping Strengths
Pan-Indian presence
The company operates nationwide, with the majority of its revenue in FY24 sourced from Tamil Nadu (18.4%), Uttar Pradesh (10.4%), Karnataka (8.3%), and Andhra Pradesh (7.1%). It delivers to metropolitan, tier 1, tier 2, and tier 3 cities through delivery partners
Asset-light business model
The company follows an asset-light model, investing less capital in business assets compared to conventional models. This approach enables focus on specialization, marketing, and customer satisfaction while reducing liquidity risk and the threat of market obsolescence
Digital media presence
The company has a strong social media presence, especially on Google and Meta platforms. For instance, it operates 10+ active YouTube channels with a combined total of approximately 1.3 million subscribers
Sat Kartar Shopping Risks
Recognition and reputation
The company relies on brand recognition and reputation, and any failure to maintain or enhance its brand image could negatively impact its business, financial condition, and results of operations
Complaints
As a Direct-to-Consumer (D2C) company, they are vulnerable to consumer complaints, which may arise from dissatisfaction with products, damages, unexpected results, or discrepancies between product performance and consumer expectations
Ownership risks
Formulations are developed by the company's doctors in collaboration with manufacturers, who file for Department of Ayush approval. However, as approvals are granted to manufacturers, there is a risk of them claiming ownership, selling formulations to competitors, or engaging in unauthorized commercial activities
IPO FAQs
The promoters of the company are Manprit Singh Chadha, Pranav Singh Chadha, Simrati Kaur and Ajooni Wellness Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 77.0 - 81.0.
The IPO application opens on Jan 10, 2025 and closes on Jan 14, 2025.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 123,200.0, the maximum value for this IPO is Rs 129,600.0.
This IPO will be allotted on Jan 15, 2025.
The refund will be credited to your account on Jan 16, 2025.
The allotted shares will be credited to your demat on Jan 16, 2025.
Sat Kartar Shopping Ltd.’s shares listed on the stock exchanges on Jan 17, 2025.