Discover the Sheetal Universal IPO details, including opening and closing dates, price, lot size, and key financial indicators. Learn why this agro-processing venture is gaining attention in the market.
Introduction:
As the financial markets buzz with anticipation, Sheetal Universal IPO emerges as a beacon of opportunity in the agro-processing sector. With a fixed issue price of ₹70 per share, this IPO presents a golden chance for investors to dive into the flourishing world of agricultural commodities.
IPO Details:
The Sheetal Universal IPO, a fixed price issue of ₹23.80 crores, kicks off on December 4, 2023, and concludes on December 6, 2023. Boasting a fresh issue of 34 lakh shares, the IPO holds the promise of lucrative returns. The listing on NSE SME is scheduled for Monday, December 11, 2023.
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Sheetal Universal IPO Price and Lot Size:
Priced at ₹70 per share, the Sheetal Universal IPO has a minimum lot size of 2000 shares. Retail investors can enter the game with an investment of ₹140,000, while HNI investors are eyeing a minimum investment of ₹280,000.
Book Running Lead Manager and Registrar:
Beeline Capital Advisors Pvt Ltd spearheads the Sheetal Universal IPO as the book running lead manager, ensuring a seamless process. Bigshare Services Pvt Ltd takes on the role of the registrar, facilitating the IPO journey. The market maker, Spread X Securities, adds another layer of confidence.
Sheetal Universal IPO Reservation:
Out of the 3,400,000 shares offered, 47.47% each is earmarked for NII and RII. Market makers claim 5.06%, creating a well-balanced distribution.
Timeline (Tentative Schedule):
- IPO Opens: December 4, 2023
- IPO Closes: December 6, 2023
- Basis of Allotment: December 7, 2023
- Refunds Initiation: December 8, 2023
- Shares Credited to Demat: December 8, 2023
- Listing Date: December 11, 2023
Lot Size and Investment Breakdown:
Investors can bid for a minimum of 2000 shares, with retail and HNI investors entering the fray with different investment thresholds. The company ensures a flexible investment approach for various investor categories.
Promoter Holding and Financial Performance:
Sheetal Universal, led by Mr. Hiren Vallabhbhai Patel and Mrs. Kajal Hiren Patel, boasts a strong pre-issue holding of 95%. The financials reveal an impressive growth trajectory, with revenue soaring by 230.49% between March 2022 and March 2023.
Key Financial Indicators:
- Market Cap: ₹80.19 Cr
- P/E Ratio: 27.34
- ROE: 36.17%
- ROCE: 21.59%
- Debt/Equity: 2.09
- EPS: ₹2.56
- Return on Net Worth: 30.63%
Objects of the Issue:
The Sheetal Universal IPO aims to utilize the fresh issue proceeds for capital expenditure, working capital requirements, general corporate purposes, and meeting public issue expenses.
Subscription Status:
As of Day 1, the Sheetal Universal IPO is subscribed 3.26 times, reflecting strong investor interest. Retail, NII, and QIB categories witness robust subscription figures.
Conclusion:
Sheetal Universal Limited, with its strategic focus on agro-processing and a solid financial track record, emerges as an enticing investment opportunity. As the IPO gains momentum, investors are poised to explore the bountiful prospects offered by this agri-commodity powerhouse.
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