Sheetal Universal Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Sheetal Univer.

CMP

60.50

-1.05 (-1.71%)

  • DRHP
₹70

Offer Price

₹ 23.80 Cr

Issue Size

₹ 1,40,000

Min Investment

2,000

Lot size

Time Line

  • 04
    Dec 2023
    Open
  • 06
    Dec 2023
    Close
  • 07
    Dec 2023
    Finalisation of Basis of Allotment
  • 08
    Dec 2023
    Initiation of Refunds
  • 08
    Dec 2023
    Transfer of Shares to Demat Account
  • 11
    Dec 2023
    Listing Date

Objects of the Offer

  • Business Expansion.

  • Augment capital base for adequate working capital.

  • Customer Satisfaction.

  • Continue to strive for cost efficiency.

  • Reduction of operational costs and achieving efficiency.

Products & Services

  • Sheetal Universal Limited was incorporated with the object of Sourcing, processing and supply in agriculture commodities like peanut, sesame seeds, spice and grains to cater the manufacturer of peanut butter, biscuits, cakes, chocolate and food products.

Strengths

  • Advantage of Geographic Location.

  • Quality Assurance.

  • Experienced Promoters and Management Team.

  • Diversified customer base and long-standing relationship with its customers.

  • Timely Delivery of Products.

Risks

  • Its products are in the nature of commodities and their prices are subject to fluctuations that may affect its profitability.

  • The company`s operations are dependent on the supply of large amounts of raw materials, such as Oil seed, Spices and Grains. Unfavorable local weather patterns may have an adverse effect on the availability of raw materials.

  • Its inability to anticipate, respond to and meet the tastes, preferences or consistent quality requirements of its consumers or the company inability to accurately predict and successfully adapt to changes in market demand or consumer preference could reduce demand for its products and in turn, impact the company sales.

  • Fluctuation in the exchange rate between the Indian rupee and foreign currencies may have an adverse effect on the company business.

  • Its inability to accurately forecast demand or price for its products and manage the company inventory may have an adverse effect on its business, results of operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
25.28%
Pre Holding

85.17%

Post Holding

59.89%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 38.69 (2.80%) 128.81 (232.90%) 30.63 (-)
Gross Profit 38.69 (2.80%) 128.81 (232.90%) 30.63 (-)
Net Income 38.69 (2.80%) 128.81 (232.90%) 30.63 (-)
Assets 38.69 (2.80%) 128.81 (232.90%) 30.63 (-)
Liabilities 38.69 (2.80%) 128.81 (232.90%) 30.63 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Sheetal Universal Ltd 128.81 1.99 20.05 13.56 30.63 5.68 18.55 2.78 0.68

Book Running Managers

  • Beeline Capital Advisors Pvt 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

# 348 2nd Flr Iscon Mall,
150 Feet Ring Road,
Rajkot - 360005
Phone : +919099302638 Email : cs@sheetaluniversal.com www.sheetaluniversal.com

Offer Related Information

Public issue of 3400000 equity shares of face value of Rs. 10/- each of Sheetal Universal Limited ("Sheetal Universal" or the "Company" or the "Issuer") for cash at a price of Rs. 70 per equity share including a share premium of Rs. 60 per equity share (the "Issue Price") aggregating to Rs. 23.80 crores ("The Issue"), of which upto 172000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 70 per equity share including a share premium of Rs. 60 per equity share aggregating... More

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