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Let’s have a detailed review of the company and analytics of the Shanthala FMCG Products IPO release date, IPO offer price, subscription, Shanthala FMCG Products Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs 10
Price Band Rs 91
Listing At NSE, SME
Min. Order Quantity 1200 Shares
Listing Date November 8, 2023
Offer for Sale Rs Lakh
Fresh Issue Rs 1607 Lakh
IPO Size Rs 1607 Lakh
Tick Size 1

Shanthala FMCG Products IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Shanthala FMCG Products Share Price

Shanthala FMCG Products IPO – Summary

Shanthala FMCG Products IPOThey were operating their distributorship business through two proprietary firms viz. M/s. Shanthala Enterprises – Prop. Mrs. Sharada Malya and M/s. Shanthala Traders – Prop. B. Manjunath. M/s. Shanthala Traders – Prop. B. Manjunath, was started in 1996 as a proprietorship firm, committed to providing its customers with quality products in a time-bound manner.

They incorporated Shanthala Traders Private Limited in 2014 and transferred the entire business of M/s. Shanthala Traders, proprietary concern to the Company and business of M/s. Shanthala Traders, proprietary concern was discontinued. The Company strives to bring the best global products to its customers by providing last-mile connectivity to large consumer product companies.


Shanthala FMCG Products IPO Date

The opening and closing dates of Shanthala FMCG Products IPO are October 27, 2023, and October 31, 2023, respectively.

Shanthala FMCG Products IPO Subscription

Day / Date NII RII Total Subscription
1st Day – 27th Oct 2.10x 0.80x 1.45x
2nd Day – 30th Oct 2.80x 1.73x 2.27x
3rd Day – 31st Oct 4.76x 3.05x 3.91x
Shares Offered or Net Issue 838,800 838,800 1,766,400

The shares subscribed by the public will be updated here.

Shanthala FMCG Products IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Shanthala FMCG Products Limited IPO Listing Date

Find the dates below on the basis of allotment, refund, listing, and more:

Basis of Allotment Finalization November 3, 2023
Refunds Initiation November 6, 2023
Credit of Shares to Demat Account November 7, 2023
Share Listing Date November 8, 2023

Shanthala FMCG Products IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.91

Shanthala FMCG Products IPO Equity Size

This Initial Public Issue of 1,766,400 Equity Shares of Rs.10 each for cash at a price of Rs.91 per equity share aggregating to Rs.1607 Lakh.

Shanthala FMCG Products IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,766,400 Equity Shares of Rs.10/ each.

Issue Size: 1,766,400 Equity Shares of Rs.10 each, aggregating to Rs.1607 Lakh

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    Shanthala FMCG Products IPO – Live Performance

    The listing date of this IPO is November 8, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Shanthala FMCG Products Share Price

    Shanthala FMCG Products IPO Grey Market Premium

    The Shanthala FMCG Products Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

    Shanthala FMCG Products IPO – Company Overview

    They are a FMCG product distributor for large-size FMCG Companies in India for whom they distribute Branded packaged foods, Personal care products, Education and stationery products, Matches and agarbatti and tobacco products. They are also distributors for one of the largest FMCG MNC Companies in India.

    Also, they distribute branded Beauty & wellbeing, Nutrition, Personal care and home care products for them. They also distribute Oil, Sugar and Atta for M. K. Agrotech Pvt. Ltd. sold under their brand name Sunpure.

    At present their area of operation is in the district of Coorg, Karnataka where customers are scattered across a large area which makes it a difficult market to service for new entrants and it has been home for Shanthala and promoters for more than 20 years.

    As they have been catering to this place since their inception, they have a deeper understanding of their customers’ needs which makes them indispensable to large consumer companies.

    Shanthala FMCG Products IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
    31-Aug-23 31-Mar-23 Mar-22 31-Mar-21
    Total Assets 827.32 657.21 615.79 569.67
    *Total Revenue 1,585.58 4,077.25 3,254.57 3,955.67
    Total Expense 1,555.16 4,008.30 3,206.58 3,890.21
    Profit After Tax 10.15 17.73 4.52 14.41

    Earnings per Equity Share (in Lakh)

    31-Aug-23 31-Mar-23 Mar-22 31-Mar-21
    Basic & Diluted 1.06 3.55 0.90 2.88

    Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 17.73 Lakh, Rs. 4.52 Lakh and Rs. 14.41 Lakh respectively.

    Shanthala FMCG Products IPO – Promoters

    The Promoter of this company is:


    List of Related Parties (Key Managerial Personnel)

    • B. Manjunath Mallya, Chairman & Managing Director
    • Shobitha Malya, Executive Director
    • Smita Arjun Patil, Non-Executive and Independent Director
    • Ravikant Moreshwar Mhatre, Non Executive and Independent Director

    Shanthala FMCG Products IPO – Promoters Holding

    • Pre-Issue Share Holding – 77.44%
    • Post-Issue Share Holding – 57.019%

    Shanthala FMCG Products IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 1,766,400 Equity Shares aggregating up to Rs.1,607.42 Lakh
    of which:
    Issue Reserved for the Market Makers Up to 88,800 Equity Shares aggregating up to Rs.[●]
    Net Issue to the Public Up to 16,77,600 Equity Shares aggregating up to Rs.[●]
    Of which:
    Retail Investors Portion Not less than 8,38,800 Equity Shares
    Other than Retail Individual Investors Not more than 8,38,800 Equity Shares
     Equity Shares outstanding prior to the Issue 49,31,664 Equity Shares
     Equity Shares outstanding after the Issue 66,98,064 Equity Shares

    Shanthala FMCG Products IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Funding additional Working capital requirements;
    2. General Corporate Purposes

    Shanthala FMCG Products IPO – Business Strategy

    • Leveraging their existing product portfolio
    • Leveraging their Infrastructure
    • Inorganic Growth

    Shanthala FMCG Products IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Distributor of Choice
    • Distribution of a variety of Products
    • Experienced Promoter and management team
    • Strong and long-standing customer relationships

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-23 3.55 12.38% 28.64
    31-Mar-22 0.90 3.60%
    Mar-21 2.88 11.91%

    Shanthala FMCG Products IPO: Competitive Peers

    Face Value (Rs.) P/E EPS (Rs.) Return on Net Worth (%) Total NA (Rs.)
    Shanthala FMCG Products Limited 10 25.66 3.55 12.38% 28.64
    Listed Peers

    Shanthala FMCG Products IPO Lead Managers

    Lead Managers
    1-2 Bhupen Chambers, Dalal Street,
    Fountain, Mumbai – 400 001,
    Maharashtra, India.
    Tel No.: +91 22 4050 9999
    Email: mb@focl.in
    Investor Grievance Email: investorcomplaints@focl.in
    Website: www.focl.in
    SEBI Registration No: INM000003671
    Contact Person: Satish Sheth / Mala Soneji

    Shanthala FMCG Products IPO Registrar to offer

    Registrar to the Offer
    S6-2, 6th Floor, Pinnacle Business Park,
    Mahakali Caves Road, Next to Ahura Centre,
    Andheri East, Mumbai – 400 093, Maharashtra, India
    Tel. No.: +91 22 6263 8200
    Email: ipo@bigshareonline.com
    Website: www.bigshareonline.com
    Investor Grievance Email: investor@bigshareonline.com
    SEBI Registration No.: INR000001385
    Contact Person: Babu Rapheal C.

    Shanthala FMCG Products IPO – Other Details

    • Statutory Auditor – M/s. Kale Malde & Co., Chartered Accountants
    • Legal Counsel to the Company – Pabari Legal Associates
    • Bankers to the Company – Bharat Co-operative Bank (Mumbai) Ltd.

    Shanthala FMCG Products IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      Shanthala FMCG Products Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Shanthala FMCG Products IPO Review FAQs

      Check out various FAQs related to Shanthala FMCG Products IPO:

      What is the Issue Size of Shanthala FMCG IPO?

      The Company is making an initial public offer of 1,766,400 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Shanthala FMCG IPO?

      The price band for this particular IPO ranges between Rs 91. As far as the face value of the share is concerned, it is Rs. 10 per share.

      What is the Shanthala FMCG IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on October 27, 2023, while the closing date is set at October 31, 2023.

      What is the Shanthala FMCG IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on November 3, 2023, refund initiation is on November 6, 2023, credit of shares is on November 7, 2023, and share listing date is on November 8, 2023.

      What is the Shanthala FMCG IPO Listing Date?

      Shares of this company shall be listed in the exchanges on November 8, 2023. The date, when the listing would be done, is stagnant on November 8, 2023.

      Who is the Registrar of Shanthala FMCG IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Shanthala FMCG IPO?

      Here are the promoters of this IPO – : B. MANJUNATH MALLYA, SHOBITHA MALYA, SNEHA VINAYAK KUDVA AND YOGISH MALLYA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Shanthala FMCG Products IPO?

      They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

      Is Shanthala FMCG Products IPO Good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Shanthala FMCG Products Company?

      They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 17.73, 2022 is 4.52, and 2021 is 14.41. PAT from Jun 2023 is 10.15.

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