Sheetal Universal IPO to open on December 4; check price band, GMP, other key details | Mint
Active Stocks
Wed Feb 21 2024 15:59:55
  1. Tata Steel share price
  2. 143.85 1.99%
  1. Bharti Airtel share price
  2. 1,139.75 -0.38%
  1. State Bank Of India share price
  2. 771.55 1.51%
  1. Power Grid Corporation Of India share price
  2. 280.15 -2.71%
  1. ITC share price
  2. 403.30 -0.68%
Business News/ Markets / Ipo/  Sheetal Universal IPO to open on December 4; check price band, GMP, other key details
BackBack

Sheetal Universal IPO to open on December 4; check price band, GMP, other key details

Sheetal Universal IPO issue size is ₹23.80 crore which is entirely a fresh issue of 34 lakh equity shares. There is no offer-for-sale (OFS) component.

Sheetal Universal IPO is an SME IPO and a fixed price issue which opens on December 4 and will close on December 6. (Photo: Company Website)Premium
Sheetal Universal IPO is an SME IPO and a fixed price issue which opens on December 4 and will close on December 6. (Photo: Company Website)

Sheetal Universal IPO: Sheetal Universal Ltd, the agricultural commodities supplier, will launch its initial public offering of (IPO) for subscription on Monday, December 4. Sheetal Universal IPO is an SME IPO and a fixed price issue.

The public issue will close on December 6 and the IPO allotment is expected to be finalized on December 7. 

Sheetal Universal IPO issue size is 23.80 crore which is entirely a fresh issue of 34 lakh equity shares. There is no offer-for-sale (OFS) component.

The IPO price band is fixed at 70 per share. The IPO lot size is 2,000 shares and the minimum investment amount required by retail investors is 140,000. 

Also Read: Swashthik Plascon IPO allotment finalised; here’s how to check application status

Sheetal Universal shares will list on NSE SME with a tentative listing date fixed on December 11. 

In the Sheetal Universal IPO, 50% of the shares are reserved for retail investors, while remaining 50% for others.

The company proposes to utilise the issue proceeds towards funding capital expenditure, working capital requirement and general corporate purposes.

Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Sheetal Universal IPO, while Bigshare Services Pvt Ltd is the IPO registrar.

(Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!)

Sheetal Universal IPO GMP Today

Sheetal Universal IPO GMP today, or grey market premium today, is 7 per share, as per market observers. This indicates that Sheetal Universal shares are trading higher by 7, or at a premium of 10% at 77 apiece in the grey market.

Also Read: Net Avenue Technologies IPO subscribed over 54 times on second day so far, retail portion booked over 89 times

About Sheetal Universal Ltd

Sheetal Universal Ltd was incorporated in 2015 and is engaged in the business of sourcing, processing, and supplying agricultural commodities. These commodities include peanuts, spice, sesame seeds and grains to cater to the manufacturers of peanut butter, biscuits, cakes, chocolate, and food products.

The promoters of Sheetal Universal Ltd are Hiren Vallabhbhai Patel and Kajal Hiren Patel.

The company’s net profit in FY23 jumped to 1.98 crore from 28.31 lakh in FY22. The company reported a net profit of 1.87 crore in April-August period of FY24.

Revenue in FY23 increased to 131.65 crore from 39.83 crore in FY22. For the April-August period of FY24, the company’s revenue stood at 58.26 crore.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
More Less
Published: 02 Dec 2023, 11:25 AM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App