Sheetal Universal IPO Price, GMP, Lot Size, Subscription Status

Sheetal Universal IPO Price, GMP, Lot Size, Subscription Status

About Sheetal Universal Limited

Since its incorporation in 2015, Sheetal Universal Limited has been sourcing, processing, and distributing agricultural commodities, such as peanuts, sesame seeds, spices, and grains, to the food product, biscuit, cake, and peanut butter makers.

The company's product line includes peanuts, sesame seeds, legumes, spices, and other agro-products.

Sheetal Universal is the owner of a manufacturing and processing facility that occupies 14,668 square meters of property in Jamnagar, Gujarat. The Indian government has certified the manufacturing unit with FSSAI-2006. The business is a part of the Indian Oil Seeds & Produce Export Promotion Council as well as the Agricultural & Processed Food Products Export Development Authority.

Customers from the Russian Federation, Indonesia, Malaysia, Vietnam, UAE, Iran, Algeria, Israel, Turkey, and Egypt are among the company's clientele.

In the fiscal years 2023, 2022, and 2021Sheetal Universal reported total operating revenue of Rs. 12,881.22 Lacs, Rs. 3,868.77 Lacs, and Rs. 3,763.64 Lacs, respectively.

Sheetal Universal Limited IPO details:

Sheetal Universal IPO: On Monday, December 4, subscriptions for Sheetal Universal Ltd.'s initial public offering (IPO) commenced and concluded on December 6. Investor demand for the SME IPO Sheetal Universal has been quite strong.

The Rs 23.80 crore Sheetal Universal IPO is a fixed price offering. The 34 lakh shares are being issued fully a new.

On Thursday, December 7, 2023, the allotment for the Sheetal Universal IPO is anticipated to be completed. The proposed listing date for Sheetal Universal IPO is set on Monday, December 11, 2023 on NSE SME.

Sheetal Universal IPO lot size:

The IPO price of Sheetal Universal is Rs.70 per share. An application must have a minimum lot size of 2000 shares. Retail investors are required to invest a minimum of Rs.140,00. HNI investments require a minimum lot size of two lots, or 4,000 shares, totaling Rs.280,000.

The registrant of the Sheetal Universal IPO is Bigshare Services Pvt Ltd, while the book running lead manager is Beeline Capital Advisors Pvt Ltd. Spread X Securities is the market maker for the Sheetal Universal IPO.

Sheetal Universal IPO Subscription Status

The third and last day of the bidding process, December 6, saw 179.20 subscriptions for the Sheetal Universal IPO. In contrast to the 32.28 lakh shares on sale, bids for 57.84 crore equity shares were received for the public offering.

The initial public offering (IPO) has received 129.73 subscriptions from retail buyers and 212.55 subscriptions from non-institutional investors (NII).

Sheetal Universal LTD IPO GMP

Market reported that unlisted shares of Sheetal Universal Ltd were selling on the grey market for Rs 12 more than the company's issue price. The grey market anticipates a 17.14% listing gain from the public offering, as shown by the Rs 12 grey market premium, or GMP. The GMP is dynamic and dependent on market mood.

The current grey market premium for Sheetal Universal's IPO is Rs.13. This suggests that, according to market watchers, the price of Sheetal Universal shares were selling at a premium of Rs.13 on the black market.

The expected listing price of Sheetal Universal shares is Rs.83 per share, which is 18.57 percent more than the IPO price of Rs.70, taking into account the upper end of the IPO pricing band and the present premium on the grey market.

Sheetal Universal Limited SME IPO
Open 04-12-2023
Close 06-12-2023
Price 70
Lot 2000
Issue Size 23.80 cr
Listing 11-12-2023
Retail 47.47%
Application size 1,40,000/-

I am applying for this#SME #IPO #listing

— Pankaj Ladha (@pankajladha_) December 6, 2023

Capital history/ Issue details:

The company is launching its first initial public offering (IPO) with 3400000 shares priced at Rs. 10 apiece, fixed at Rs. 70 per share. It considers raising Rs. 23.80 crore. Subscriptions for the issue will be accepted starting on December 4, 2023, and they will end on December 6, 2023. Applications must be submitted for a minimum of 2000 shares, and then in multiples of those shares. Shares will be listed on NSE SME Emerge upon allotment. The issue makes up 29.68% of the company's paid-up capital after its initial public offering.

SUL is investing Rs. 2.33 crore for this IPO process, and it will use Rs. 5.84 crore for capital expenditure, Rs. 12.00 cr. for working capital, and Rs. 3.63 cr. for general corporate purposes from the net proceeds of the IPO funds. The company has allotted a net portion of the initial public offering (IPO) to retail investors, with a maximum of 50%, and non-retail investors, with the exception of 172,000 shares reserved for the market maker.

Following the issuance of initial equity shares at par, the business issued additional equity shares in June 2023 at a set price of Rs. 70.00 per share. In October 2017, October 2018, October 2019, October 2020, and July 2023, bonus shares were also distributed in the following ratios: 4 for 25, 1 for 5, 1 for 6, and 1 for 6 in October 2017. The promoters paid an average of Rs. 3.31 and Rs. 6.78 per share to acquire their shares.

Dividend Policy

For the reporting periods included in the offer document, the company has not declared any dividends. In light of its financial performance and prospects going forward, it will implement a cautious dividend policy.

Comparison with listed peers

The offer document states that there are no listed peers for the company to compare with.

Listing Price

This is Beeline Capital's 24th mandate during the past two fiscal years (including this one). The premiums for the last ten listings ranged from 2.67% to 85.71% on the day of listing.

Investment Strategy

The market that the business serves is very competitive and divided. Its unexpectedly strong financial performance starting in FY23 has raised questions about its long-term viability. Supper's annualized FY24 earnings suggest that the stock is priced fully. Investors with knowledge can put money aside for the medium run.

Sheetal Universal IPO Review 

The market that the business serves is very competitive and divided. Its unexpectedly strong financial performance starting in FY23 has raised questions about its long-term viability. Supper's annualized FY24 earnings suggest that the stock is priced fully. Investors with knowledge can put money aside for the medium run. [By : Dilip Davda] 

Recently launched IPO in India:

1. Flair writing Industries: On Friday, December 1, Flair Writing Industries Limited shares opened strongly at Dalal Street. The Mumbai-based writing instruments company was listed at Rs.501 on the stock exchange, which was 65% more than its NSE issue price of Rs.304 per share.

Offer price: Rs. 304

Listing date: 1st December 2023

2. Tata Technologies : On November 30, 2023, Tata Technologies' stock had a great bourse debut. After listing day, the shares closed at Rs.1,327 on NSE, 165.4 percent over the IPO price of Rs.500, and at Rs.1,326.25 on BSE, 165.25 percent above the IPO price.

Offer price: Rs. 500

Listing date: 30 November 2023

3. Gandhar Oil Refinery India: A new issue of 17,869,822 shares valued at Rs.302.00 cr and an Offer for Sale (OFS) of 11,756,910 equity shares valued at approximately Rs.198.69 cr are both included in the IPO.

Offer price: Rs. 169

Listing date: 30 November 2023

The upcoming IPOs in India this week and coming weeks are:

1. DOMS IPO : With an offer for sale (OFS) of Rs 850 crore and additional equity of Rs 350 crore, DOMS Industries intends to generate Rs 1,200 crore through the public offering. The promoters Sanjay Mansukhal Rajani, Keta Mansukhal Rajani, and Fabbrica Italiana Lapis will sell shares in accordance with the OFS.
2. Muthoot Microfin IPO:  A main-board issue of 51,500,000 equity shares at a face value of Rs.10, amounting to Rs.901.25 crores, is the Muthoot Initial Public issue (IPO). The shares will be issued at a price between Rs.160 and Rs.175 each.
3. Accent Microcell IPO:  Accent Microcell's initial public offering (IPO) is slated to start on December 8 and run through December 12 with a price range of Rs.133–140. Every lot has 1,000 shares.

Some Major Points to Learn

1. Founded on August 20, 2015, Sheetal Universal Limited is a non-governmental organization.

2. It is categorized as a "company limited by shares" and is a publicly traded unlisted business.
3. The authorized capital of the company is Rs 500.0 lakhs, with 40.0% of that amount being paid-up capital, or Rs 200.0 lakhs.

4. On September 30, 2017, Sheetal Universal Limited held its most recent annual general meeting (AGM). According to the Ministry of Corporate Affairs, the company last updated its financials on March 31, 2017. (MCA).
5. Although Sheetal Universal Limited has been mostly out of business for the past eight years, commercial operations are still ongoing. Hiren vallabhbhai patel, Kajal hiren patel, and Nishant shavjibhai ramani are the current board members and directors.

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Frequently Asked Questions

What is the lot size of Sheetal Universal IPO?

2000 shares of  Sheetal Universal IPO makes a lot, and Rs.140,000 is the minimum amount needed.

When is Sheetal Universal IPO allotment?

On Thursday, December 7, 2023, the basis of Allotment for the Sheetal Universal IPO will be finalized. By Friday, December 8, 2023, the allotted shares will be credited to the demat account.

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When is Sheetal Universal IPO listing date?

It is not yet known when Sheetal Universal's IPO will list on the market. Monday, December 11, 2023 is the tentative date of Sheetal Universal's first public offering (IPO).