Shanthala FMCG Products IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Oct 31, 2023Let’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
They 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.
The Promoter of this company is B. MANJUNATH MALLYA, SHOBITHA MALYA, SNEHA VINAYAK KUDVA AND YOGISH MALLYA. The lead manager of the issue is FIRST OVERSEAS CAPITAL LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
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:
- : B. MANJUNATH MALLYA,
- SHOBITHA MALYA,
- SNEHA VINAYAK KUDVA
- YOGISH MALLYA
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.[●] Lakh |
| Net Issue to the Public | Up to 16,77,600 Equity Shares aggregating up to Rs.[●] Lakh |
| 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:
- Funding additional Working capital requirements;
- 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 | |||||
| NA | – | – | – | – | – |
Shanthala FMCG Products IPO Lead Managers
| Lead Managers |
| FIRST OVERSEAS CAPITAL LIMITED 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 |
| BIGSHARE SERVICES PRIVATE LIMITED 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
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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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