Shanthala Fmcg Products Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Shanthala

CMP

74.50

-0.10 (-0.13%)

  • DRHP
₹91

Offer Price

₹ 16.07 Cr

Issue Size

₹ 1,09,200

Min Investment

1,200

Lot size

Time Line

  • 27
    Oct 2023
    Open
  • 31
    Oct 2023
    Close
  • 03
    Nov 2023
    Finalisation of Basis of Allotment
  • 06
    Nov 2023
    Initiation of Refunds
  • 07
    Nov 2023
    Transfer of Shares to Demat Account
  • 03
    Nov 2023
    Listing Date

Objects of the Offer

  • Leveraging its existing products portfolio.

  • Leveraging its Infrastructure.

  • Inorganic Growth.

Products & Services

  • The Company is a FMCG product distributor for the large size FMCG Companies in India.

Strengths

  • Distributor of Choice.

  • Distribution of variety of Products.

  • Experienced Promoter and management team with strong industry expertise and successful track record.

  • Strong and long-standing customer relationships.

Risks

  • There are certain outstanding legal proceeding involving its Promoter and Promoter Entities which may adversely affect its business, financial condition and results of operations.

  • The company is in the business of distribution of FMCG products including that of tobacco products which are subject to Stringent health and safety laws and regulations as well as governed by stricter consumption policies, which may affect the company`s business and financial position.

  • Its distribute products manufactured by third party manufacturers or suppliers. Hence, the company has to relies on third parties for procuring the products sold by the Company. If these manufacturers or suppliers are unable or unwilling to manufacture the products distributed by it, or if these organizations fail to comply with FDA or other applicable regulations or otherwise fail to meet its requirements, its business will be adversely affected.

  • The company has not entered into long-term contracts with its customers and typically operate on the basis of purchase orders, which could adversely impact its revenues and profitability.

  • Its operations are subject to high working capital requirements. Its inability to maintain an optimal level of working capital required for its business may impact the company operations adversely.

Company Promoters

Promoters Holding

Issue For IPO
20.41%
Pre Holding

77.39%

Post Holding

56.98%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 39.30 (-) 32.26 (-17.90%) 40.52 (25.60%)
Gross Profit 39.30 (-) 32.26 (-17.90%) 40.52 (25.60%)
Net Income 39.30 (-) 32.26 (-17.90%) 40.52 (25.60%)
Assets 39.30 (-) 32.26 (-17.90%) 40.52 (25.60%)
Liabilities 39.30 (-) 32.26 (-17.90%) 40.52 (25.60%)

Book Running Managers

  • First Overseas Capital Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

7th Block Gandhinagr By.Pas Rd,
Virajpet,
Kodagu - 571218
Phone : +91 82742 98999 Email : ipo@shanthalafmcg.com www.shanthalafmcg.com

Offer Related Information

Initial public offering of up to 17,66,400 equity shares of Rs. 10 each ("Equity Shares") of Shanthala FMCG Products Limited ("Shanthala" or the "Company") for cash at a price of Rs. 91 per equity share (the "Offer Price"), aggregating to Rs. 16.07 crores ("The Offer"). Of the offer, 88,800 equity shares aggregating to Rs. 0.81 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of... More

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