Sheetal Universal IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 06, 2023Let’s have a detailed review of the company and analytics of the Sheetal Universal IPO release date, IPO offer price, subscription, Sheetal Universal 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 70 |
| Listing At | NSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | December 11, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 2380 Lakh |
| IPO Size | Rs 2380 Lakh |
| Tick Size | 1 |
Sheetal Universal IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Sheetal Universal Share Price |
Sheetal Universal IPO – Summary
Their Company was originally incorporated as “Sheetal Universal Limited” as a Public Limited Company under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated August 20, 2015, issued by the Assistant Registrar of Companies, Gujarat.
The Corporate Identification Number of their Company is U51219GJ2015PLC084270. Their registered office is located at Office No. 348, 2nd Floor, ISCON Mall, 150 Feet Ring Road, Rajkot – 360005, Gujarat, India.
The Promoter of this company is MR. HIREN VALLABHBHAI PATEL AND MRS. KAJAL HIREN PATEL. The lead manager of the issue is BEELINE CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Sheetal Universal IPO Date
The opening and closing dates of Sheetal Universal IPO are December 4, 2023, and December 6, 2023, respectively.
Sheetal Universal IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 4th Dec | 3.56x | 4.79x | 4.69x |
| 2nd Day -5th Dec | 14.05x | 23.01x | 20.54x |
| 3rd Day – 6th Dec | 21.12x | 41.46x | 33.30x |
| Shares Offered or Net Issue | 1,614,000 | 1,614,000 | 3,400,000 |
The shares subscribed by the public will be updated here.
Sheetal Universal 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.
Sheetal Universal Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | December 7, 2023 |
| Refunds Initiation | December 8, 2023 |
| Credit of Shares to Demat Account | December 9, 2023 |
| Share Listing Date | December 11, 2023 |
Sheetal Universal IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.70
Sheetal Universal IPO Equity Size
This Initial Public Issue of 3400000 Equity Shares of Rs.10 each for cash at a price of Rs.70 per equity share aggregating to Rs.2380 Lakh.
Sheetal Universal IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3400000 Equity Shares of Rs.10/ each.
Issue Size: 3400000 Equity Shares of Rs.10 each, aggregating to Rs.2380 Lakh
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Sheetal Universal IPO – Live Performance
The listing date of this IPO is December 11, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Sheetal Universal Share Price |
Sheetal Universal IPO Grey Market Premium
The Sheetal Universal Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Sheetal Universal IPO – Company Overview
Their Company was incorporated with the object of Sourcing, processing and supplying agriculture commodities like peanut, sesame seeds, spice and grains to cater the manufacturer of peanut butter, biscuits, cakes, chocolate and food products.
Within short span, they recognized as Category One Star Export House Exporter by Ministry of Commerce and Industry due to their performance in exports. Their owned manufacturing & processing facility situated at plot No. 1 to 7, Survey No. 502, Haripar Khandhera, Taluka- Kalawad, District- Jamnagar, Gujrat, India, which is spread over a total land area of approximately 14668 sq mts.
Their manufacturing facility employs an extensive and stringent quality control mechanism at each stage of the process to ensure that their finished product conforms to the exact requirement of their customers.
As on the date of this Draft Prospectus, their manufacturing facility is accredited with ISO 22000:2018, HALAL certifications for the processing of groundnut, groundnut kernals, sesame seeds and whole & ground spices. They are also the member of Agricultural & Processed Food Products Export Development Authority and Indian Oil Seeds& Produce Export Promotion Council.
Sheetal Universal 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-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 2,804.02 | 1,602.82 | 1,272.15 |
| *Total Revenue | 13,165.68 | 3,983.67 | 3,883.53 |
| Total Expense | 12,887.70 | 3,941.87 | 3,851.71 |
| Profit After Tax | 198.85 | 28.31 | 25.41 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 2.56 | 0.37 | 0.33 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 198.85 Lakh, Rs. 28.31 Lakh and Rs. 25.41 Lakh respectively.
Sheetal Universal IPO – Promoters
The Promoter of this company is:
- MR. HIREN VALLABHBHAI PATEL
- MRS. KAJAL HIREN PATEL
List of Related Parties (Key Managerial Personnel)
- Hiren Vallabhbhai Patel – Managing Director
- Kajal Hiren Patel – Whole Time Director
- Nishant Shavjibhai Ramani – Non-Executive Director
- Jagrutiben Ghanshyambhai Virani – Independent Director
- Jay Mansukh Shah – Independent Director
- Vishal Shah – Independent Director
Sheetal Universal IPO – Promoters Holding
- Pre-Issue Share Holding – %
- Post-Issue Share Holding – %
Sheetal Universal IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 3400000 Equity Shares aggregating up to Rs.2380 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 8055999 Equity Shares |
| Equity Shares outstanding after the Issue | 11455999 Equity Shares |
Sheetal Universal IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- . Funding capital expenditure
- Working Capital Requirement
- General Corporate Purpose
- To meet Public Issue Expenses
Sheetal Universal IPO – Business Strategy
- Business Expansion
- Augment capital base for adequate working capital
- Customer Satisfaction
- Continue to strive for cost efficiency
- Reduction of operational costs and achieving efficiency
- To increase brand visibility
- Maintaining edge over competitors
Sheetal Universal 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:
- Advantage of Geographic Location.
- Quality Assurance.
- Experienced Promoters and Management Team.
- Diversified customer base and long-standing relationship with their customers.
- Timely Delivery of Products.
- Well-defined organizational structure.
- Scalable Business Model.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 2.56 | 30.63% | 8.37 |
| 31-Mar-22 | 0.36 | 6.28% | 5.81 |
| Mar-21 | 0.33 | 6.03% | 5.44 |
Sheetal Universal IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from Operation (Rs. in Lakhs) | |
| Sheetal Universal Limited | 10 | [●] | 2.56 | 30.63% | 12,881.22 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Sheetal Universal IPO Lead Managers
| Lead Managers |
| BEELINE CAPITAL ADVISORS PRIVATE LIMITED SEBI Registration Number: INM000012917 Address: B/1311-1314, Shilp Corporate Park Near Rajpath Club, Rajpath Rangoli Road, S.G. Highway, Ahmedabad, Gujarat 380054. Telephone Number: 079 4918 5784 Email Id: mb@beelinemb.com Investors Grievance Id: ig@beelinemb.com Website: www.beelinemb.com Contact Person: Mr. Nikhil Shah CIN: U67190GJ2020PTC114322 |
Sheetal Universal IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED SEBI Registration Number: INR000001385 Address: Office No. S6-2, 6th Floor, Pinnacle business Park, Next to Ahura Center, Mahakali Caves Road, Andheri (East), Maharashtra-400093, India. Tel. Number: 022-62638200 Fax- 022-62638299 Email Id: ipo@bigshareonline.com Investors Grievance Id: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Vinayak Morbale CIN: U99999MH1994PTC076534 |
Sheetal Universal IPO – Other Details
- Statutory Auditor – V.V. Patel & Co., Chartered Accountants
- Legal Counsel to the Company – Mr. Jayesh Rathod, Advocate
- Bankers to the Company – Union Bank of India
Sheetal Universal 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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Sheetal Universal Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Sheetal Universal IPO Review FAQs
Check out various FAQs related to Sheetal Universal IPO:
What is the Issue Size of Sheetal Universal IPO?
The Company is making an initial public offer of 3400000 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 Sheetal Universal IPO?
The price band for this particular IPO ranges between Rs 70. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Sheetal Universal IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on December 4, 2023, while the closing date is set at December 6, 2023.
What is the Sheetal Universal IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on December 7, 2023, refund initiation is on December 8, 2023, credit of shares is on December 9, 2023, and share listing date is on December 11, 2023.
What is the Sheetal Universal IPO Listing Date?
Shares of this company shall be listed in the exchanges on December 11, 2023. The date, when the listing would be done, is stagnant on December 11, 2023.
Who is the Registrar of Sheetal Universal 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 Sheetal Universal IPO?
Here are the promoters of this IPO – MR. HIREN VALLABHBHAI PATEL AND MRS. KAJAL HIREN PATEL. 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 Sheetal Universal 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 Sheetal Universal 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 Sheetal Universal 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 198.85, 2022 is 28.31, and 2021 is 25.41.
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