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Sheetal Universal Limited Logo

Sheetal Universal Limited

Dec 04, 2023 – Dec 06, 2023
Listed Price:
₹75.00
(+7.14%)
Price Band₹70 - ₹70
Lot Size2,000 Shares
Allotment DateDec 07, 2023
Listing DateDec 11, 2023
Subscription171.19 Times
Issue Size₹23.80 Cr

IPO Details

Subscription

lot distribution

Lot Distribution

reservation

Reservation

company financials

Company Fin.

₹9
(12.86%)

Premium (ELP)

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.

Sheetal Universal IPO Details
IPO Date
:
Dec 04, 2023 to Dec 06, 2023
Allotment Date
:
Dec 07, 2023
List Date
:
Dec 11, 2023
Lot Size
:
2,000 share
Issue Price
:
₹70 - ₹70
Issue Size
:
34,00,000 (aggregating up to 23.80 Cr)
Fresh Issue
:
34,00,000 (aggregating up to 23.80 Cr)
Offer For Sale
:
-
Listing At
:
NSE
Share Holding Pre-Issue
:
80,55,999
Share Holding Post-Issue
:
1,14,55,999
Market Marker Portion
:
-
First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.
Lot(s) Distribution

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.

IPO Reservation
Shares32,28,000
Retail
50.00%(16,14,000)
NII(HNI)
50.00%(16,14,000)
Total
100.00%(32,28,000)
Sheetal Universal IPO Key Performance Indicators
Want to understand how to evaluate these metrics? Read our guide on IPO Key Performance Indicators (KPIs).
Company Financials (In Lakhs)
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)
  1. Mr. Hiren Vallabhbhai Patel
  2. Mrs. Kajal Hiren Patel
🏢Sheetal Universal IPO Company Details

Sheetal Universal Limited

Phone:+91 9099302638
address:Office No. 348 2nd Floor, ISCON Mall, 150 Feet Ring Road, Rajkot - 360005
📋Sheetal Universal IPO Registrar

Bigshare Services Private Limited

Name:Bigshare Services Pvt Ltd
Phone:+91-22-6263 8200
❓Sheetal Universal IPO FAQs
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