Sheetal Universal Limited IPO
Sheetal Universal Limited IPO
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Sheetal Universal Limited's successfully completed its Initial Public Offering and commenced trading on 11-12-2023 at the NSE exchange. The company raised 34,00,000 Shares through this public offering, comprising 34,00,000 Shares in fresh capital.
The IPO was priced within the band of ₹70 to ₹70, with minimum application lots of 2000 shares. The offering attracted significant investor interest during its subscription period from 04-12-2023 to 06-12-2023.
Share allotment was finalized on 07-12-2023, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Sheetal Universal IPO About Company
Sheetal Universal Limited, established in 2015, specializes in sourcing, processing, and supplying agricultural commodities like peanuts, sesame seeds, spices, and grains, catering to manufacturers of peanut butter, biscuits, cakes, chocolates, and other food products. The company operates a modern processing unit in Jamnagar, Gujarat, covering approximately 14,668 sq. meters, certified by FSSAI-2006. It is also a member of APEDA and IOPEPC, ensuring high-quality standards. Sheetal Universal owns two subsidiaries, Saumesvar International Private Limited and Svar Industries Private Limited, which focus on processing and exporting agri-commodities such as oilseeds and grains. With a strong international presence, the company serves customers across Russia, Indonesia, Malaysia, Vietnam, UAE, Iran, Algeria, Israel, Turkey, and Egypt. Its competitive advantages include a strategic location for sourcing and processing, an experienced leadership team, strong customer relationships, reliable product delivery, and a scalable business model for future growth. Financially, the company has shown steady expansion, recording revenues of ₹12,881.22 Lacs in FY 2023, ₹3,868.77 Lacs in FY 2022, and ₹3,763.64 Lacs in FY 2021.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Sheetal Universal IPO Strength Factors
NA
Sheetal Universal IPO Risk Factors
NA
Sheetal Universal IPO Lead Manager(s)
- Beeline Capital Advisors Private Limited
Sheetal Universal IPO Promoter(s)
- Mr. Hiren Vallabhbhai Patel
- Mrs. Kajal Hiren Patel
Sheetal Universal IPO FAQs
Sheetal Universal Limited IPO subscribed 171.19 times. The public issue subscribed 129.73 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byMarch 17, 2025 6:19:55 AM (Day 17).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Sheetal Universal IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Sheetal Universal IPO FAQs
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