
Sheetal Universal Limited
IPO Details
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Company Fin.
₹9(12.86%)
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Sheetal Universal Limited's successfully completed its Initial Public Offering and commenced trading on Dec 11, 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 Dec 04, 2023 to Dec 06, 2023.
Share allotment was finalized on Dec 07, 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 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."
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- Mr. Hiren Vallabhbhai Patel
- Mrs. Kajal Hiren Patel
Sheetal Universal Limited
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