Sheetal Universal is set to launch an IPO which will open on December 04, 2023, and close on December 06, 2023. Through this public offer the company wants to raise Rs. 23.80 crores from the primary market, The Company fixed the price band of Rs. 70 with a minimum lot of 2000 shares, and listed on December 11, according to the preliminary papers filed to the capital market regulator SEBI.
About Sheetal Universal Company
Sheetal Universal (2015) started its business by sourcing, processing, and supplying agricultural commodities, like peanuts, seeds, spices, grains, biscuits, Cakes, Chocolate, and food products. The company is also recognized as an export house exporter of food products and a member of the Export Promotion Council. The company has one manufacturing and processing facility in Gujarat. The company supplies its products to UAE, Malaysia, Israel, and other countries.
Sheetal Universal IPO Object
The objects of which the net proceeds from the issue shall be utilized are as follows:
- Capital Expenditure requirement of the company
- The working capital requirement of the company
- General corporate and issue expenses
Sheetal Universal Strength
- Advantage of geographic location
- Quality assurance
- Well-defined organization structure
- Timely delivery of products
- Experienced promoters and management team
Sheetal Universal Risk Factor
- Operations are dependent on the supply of large amounts of raw materials
- Inability to anticipate, respond to, and meet taste, preference, etc.
- The Company drives a significant portion of revenue from the oil seed business, and the downfall may affect the business
Sheetal Universal IPO Review & Rating
| Issue Size (Rs.) | 23.80 crore |
| Issue Price (Rs.) | 70 per share |
| Minimum Lot Size | 2000 shares |
| Total Profit (March 2023) (Rs.) | 1.98 crore |
| RoNW (%) | 30.63 |
| NAV (Rs.) | 8.37 |
| Listing on | NSE Emerge |
| IPO Deliver Rating | Four |
Sheetal Universal IPO Dates, Price Band & Details
Sheetal Universal IPO will open on December 04, 2023, and close on December 06, 2023. The IPO list on December 11, 2023.
| Type of issue | Fixed Price Issue IPO |
| Issue Size (Rs.) | 23.80 crore |
| Face Value (Rs.) | 10/- per share |
| IPO Open Date | December 04, 2023 |
| IPO Close Date | December 06, 2023 |
| IPO Allotment Date | December 07, 2023 |
| Refund Date | December 08, 2023 |
| Share Credit Date | December 08, 2023 |
| Listing Date | December 11, 2023 |
Sheetal Universal IPO Offer
Sheetal Universal IPO’s total issue size is 34,00,000 shares which comprise the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Rs.) |
| Fresh Issue | 34,00,000 | 23.80 crore |
| Offer for Sale (OFS) | – | – |
Sheetal Universal Financials Review (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 12,881.22 | 3,868.77 | 3,763.64 |
| Net Worth | 649.22 | 450.37 | 422.07 |
| Profit | 198.86 | 28.32 | 25.41 |
| Borrowings | 1,356.24 | 984.80 | 625.07 |
Sheetal Universal IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 2.56 | 0.36 | 0.33 |
| RoNW (%) | 30.63 | 6.28 | 6.03 |
| NAV (Rs.) | 8.37 | 5.81 | 5.44 |
Sheetal Universal IPO Peer Comparison (Top 2)
There are no listed companies in India that are comparable in all aspects of business.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| – | – | – | – |
| – | – | – | – |
Sheetal Universal Company Promoters
As per the DRHP and RHP, the company has two promoters.
| Serial No. | Name |
| 01. | Hiren Vallabahbai Patel |
| 02. | Kajal Hiren Patel |
Sheetal Universal Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 95 |
| Post- Issue | – |
Sheetal Universal IPO Reservation
Sheetal Universal IPO total reservation shares are distributed between the below-mentioned categories.
| Category | No. of Shares |
| RII Share Offered | Not more than 50% of the issue size |
| Others Share Offered | Not more than 50% of the issue size |
Sheetal Universal IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 2000 Shares and a maximum of 1 lot of 2000 shares. Market lot sizes for retail investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail Minimum | 01 | 2000 | 1,40,000 |
| Retail Maximum | 01 | 2000 | 1,40,000 |
Sheetal Universal IPO – Prospectus
An investor can download/view the Sheetal Universal prospectus copy, which was filed by the company to SEBI, details are as follows.
| Sheetal Universal IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Sheetal Universal IPO Registrar
Bigshare Services Private Limited
Tel No.: +91-022-62638200
E-Mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Sheetal Universal IPO lead manager
Beeline Capital Advisors Private Limited
Tel No.: +91-79 49185784
E-Mail: mb@beelinemb.com
Website: www.beelinemb.com
Sheetal Universal IPO Application (How to Apply for an IPO)
There are primary four options for applying for a Sheetal Universal IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Sheetal Universal Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date, and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Sheetal Universal Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
Sheetal Universal Company Details
Sheetal Universal Limited
Registered Office: Office No. 348, 2nd Floor, ISCON Mall, 150 Feet Ring Road, Rajkot- 360005, Gujarat
Tel. No: +91-9099302638
Email: cs@sheetaluniversal.com
Website: www.sheetaluniversal.com
Investor Grievances/Compliance Officer: Mrs. Khushbu Kalpit Shah
Sheetal Universal Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | Svar Industries Private Limited |
| 02. | Saumesver International Private Limited |
Sheetal Universal Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | Hiren Vallabahbai Patel |
| 02. | Kajal Hiren Patel |
Sheetal Universal IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is Sheetal Universal IPO?
Ans: Sheetal Universal brings its SME IPO of Rs. 23.80 crores, on December 04, 2023, with a price band of Rs. 70 per share.
Q-2 What is Sheetal Universal IPO Open date?
Ans: Sheetal Universal IPO opening date is December 04, 2023.
Q-3 What is Sheetal Universal IPO Close Date?
Ans: Sheetal Universal IPO closing date is December 06, 2023.
Q-4 What is Sheetal Universal IPO Listing date?
Ans: Sheetal Universal IPO listing date is December 11, 2023.
Q-5 What is Sheetal Universal IPO Minimum investment amount?
Ans: Sheetal Universal IPO minimum investment amount is Rs. 1,40,000.
Q-6 What is Sheetal Universal IPO offer issue Size?
Ans: Sheetal Universal offers an issue size of Rs. 23.80 crores.
Q-7 What is Sheetal Universal IPO Price Band?
Ans: Sheetal Universal IPO price band is Rs. 70 per share.
Q-8 Is Sheetal Universal IPO mainboard IPO or SME IPO?
Ans: Sheetal Universal IPO is an SME IPO.