Sheetal Universal (NSE SME)
December 4, 2023 – December 6, 2023
| Price | ₹70 - ₹70 |
| Premium | ₹9 |
|---|---|
| Lot size | 2000 |
| Allotment | Dec 7, 2023 |
| Listing | Dec 11, 2023 |
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Subscription
Last updated on 06-Dec-2023 17:00:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 1614000 | 343232000 | 212.66 |
| RETAIL | 1614000 | 209384000 | 129.73 |
| Total | 3228000 | 552616000 | 171.19 |
| Retail Apps | 104692 | © IPO Premium | |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 140000 | 807 |
| HNI | 2 | 4000 | 280000 | 807 |
Incorporated in 2015, Sheetal Universal Limited is engaged in the business of sourcing, processing, and supplying agricultural commodities like peanuts, sesame seeds, spice, and grains to cater to the manufacturers of peanut butter, biscuits, cakes, chocolate, and food products.
The product range of the company comprises spices, peanuts, sesame seeds and pulses, and other agro-products.
Sheetal Universal owns a manufacturing & processing unit situated in Jamnagar, Gujrat, spread across a total land area of approximately 14,668 sq mts. The manufacturing unit is certified with FSSAI-2006 by the Government of India. The company is a member of the Agricultural & Processed Food Products Export Development Authority and the Indian Oil Seeds & Produce Export Promotion Council.
The company owns two subsidiaries Saumesvar International Private Limited and Svar Industries Private Limited. The subsidiaries process and export agri-commodities like oil seed, grains, etc.
The company's clientele includes customers from the Russian Federation, Indonesia, Malaysia, Vietnam, UAE, Iran, Algeria, Israel, Turkey, and Egypt.
Sheetal Universal recorded a total revenue from operations of Rs. 12,881.22 Lacs, Rs. 3,868.77 Lacs, and Rs. 3,763.64 Lacs in fiscal 2023, 2022, and 2021 respectively.
The competitive strength of the company lies in the following:-
- Advantageous geographical location
- Experienced Promoters and Management Team
- Diversified customer base and long-standing relationship with our customers
- On-time delivery of products
- Scalable Business Model
Sheetal Universal IPO Details
| Issue Size | 3,400,000 shares (aggregating up to ₹[23.80.] Cr) |
| Fresh Issue | 3,400,000 shares (aggregating up to ₹0.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,055,999 |
| Share holding post issue | 11,455,999 |
Sheetal Universal IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
Company Financials
Sheetal Universal Limited Financial Information (Restated Consolidated)
Sheetal Universal Limited's revenue increased by 230.49% and profit after tax (PAT) rose by 602.4% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 2,804.02 | 1,602.82 | 1,272.15 |
| Revenue | 13,165.68 | 3,983.67 | 3,883.53 |
| Profit | 198.85 | 28.31 | 25.41 |
| Net Worth | 649.22 | 450.37 | 422.07 |
| Reserves | 299.22 | 100.37 | 72.07 |
| Borrowing | 1,356.24 | 984.80 | 625.07 |
| Amount in ₹ Lakhs | |||
Strength
Weakness
Lead Manager(s)
Address
Sheetal Universal Limited
Office No. 348
2nd Floor, ISCON Mall,
150 Feet Ring Road, Rajkot - 360005
Phone: +91 9099302638
Email: cs@sheetaluniversal.com
Website: https://sheetaluniversal.com/