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Sheetal Universal Ltd. IPO : Review, Valuation, Date & GMP

  


Sheetal Universal Limited IPO review

Sheetal Universal Limited IPO - Complete Overview

Founded in 2015, Sheetal Universal has a factory in Jamnagar, Gujarat, which is quite big, covering around 14,668 square meters of land. This factory is certified by the Indian Government to meet food safety standards. 

Furthermore, Sheetal Universal has two smaller companies called Saumesvar International Private Limited and Svar Industries Private Limited. These smaller companies work on processing and exporting things like seeds and grains. 

The company's customer base spans across a range of nations, including Egypt, Malaysia, Vietnam, Turkey, Israel, Iran, Russia, Algeria, UAE, and Indonesia.

What does the company do?

Sheetal Universal Limited is in the business of sourcing, processing, and supplying agricultural commodities like peanuts, sesame seeds, spices, and grains. Their products go to companies that make peanut butter, biscuits, cakes, chocolate, and various food items.

Sheetal Universal Limited IPO Overview

The Sheetal Universal Limited IPO date is slated to be open for subscription from 4 December 2023 to 6  December 2023. This NSE SME IPO follows a Fixed Price Issue IPO.

The Sheetal Universal Limited IPO price is fixed at Rs.70 per share. The upcoming NSE SME IPO will be listed on December 11, 2023.

The total issue size of this IPO amounts to Rs.23.80 Crores. Within this total issue, 50% is issued to retail investors, and 50% is issued to other investors.

 

 

Sheetal Universal Limited IPO (Tentative)

Events

Date

IPO Opening Date

4 December 2023

IPO Closing Date

6  December 2023

IPO Allotment Date

7 December 2023

Refund initiation

8 December 2023

IPO Listing Date

11 December 2023

 

Sheetal Universal Limited IPO Details

IPO opening & closing date

4 December to 6 December 2023

Face value

Rs.10  per share

Issue Price

Rs.70 per share

Lot Size

2000 Shares

Price of 1 lot

Rs.140,000

Total Issue Size

3,400,000 shares  (aggregating up to Rs.23.80 Cr)

Offer for sale

shares of Rs.  (aggregating up to Rs. Cr)

Fresh issue

3,400,000 shares  (aggregating up to Rs.23.80 Cr)

Listing at

NSE SME

Issue Type

Fixed Price Issue IPO

Registrar

Bigshare Services Pvt Ltd

 

 

Sheetal Universal Limited IPO Lot Details

Application

Lot

Shares

Minimum Lot Investment (Retail)

1 lot

2000

Maximum Lot Investment (Retail)

1 lot

2000

Minimum Lot Investment (HNI)

2 lot

4,000


Sheetal Universal Limited IPO Reservation

Other Investors share Portion

50%

Retail Investors share Portion

50%

 

Company Financial

(Amount in Lakhs)

Period

31 Aug FY 23

FY 23

FY 22

Total Assets

4,370.03

2,804.02

1,602.82

Total Revenue

5,826.93

13,165.68

3,983.67

PAT

187.67

198.85

28.31

Net worth

1,046.89

649.22

450.37

Reserve & Surplus

241.29

299.22

100.37

Total Borrowings

1,463.22

1,356.24

984.80

 

 REVENUE DISTRIBUTION PRODUCT-WISE     

 ( Amount Rs. In Lakhs) 

Products

Aug 31  F.Y. 23

F.Y. 23

F.Y. 22

Oil Seeds

5218.41

11,413.82

3,314.52

Grains

242.84

664.56

164.50

Spices

210.26

802.85

389.76

OTHERS

4.35

-

-

TOTAL

5,675.86

12,881.22

3,868.77



 REVENUE DISTRIBUTION GEOGRAPHY-WISE

(Amount Rs. In Lakhs) 

Particulars

April  F.Y. 23

F.Y 23

F.Y 22

  1. Export sales

4,442.33

10,726.12

2,545.61

  1. Local Sales

1,233.53

2,155.09

1,323.16

TOTAL-1+2

5,675.86

12,881.21

3,868.77



Revenue By operations

(amount in Lakhs)

Particulars

April  F.Y. 23

FY 23

FY 22

Revenue from operations

5,675.86

12,881.22

3,868.77

Other income

151.07

284.46

114.90

Total

5,826.93

13,165.68

3,983.67

 

 

 

 The objective of the Issue

The company intends to use the net proceeds for the following objectives.

  1. Meeting Public Issue Expenses

  2. Funding Capital Expenditure

  3. Working Capital Requirement

  4. General Corporate Purpose

Sheetal Universal Limited Lead Managers

  • Beeline Capital Advisors Pvt Ltd

 

Management and Promoters of Sheetal Universal Limited IPO

The company's Management and promoters include Mrs. Kajal Hiren Patel and Mr. Hiren Vallabhbhai Patel and

 

Pre-issue Promoter shareholding

95%

Post-issue Promoter shareholding

 

 

Key Performance of Sheetal Universal Limited IPO

 

Key Performance

Values

PE(x)

27.34

EPS (Basic) (Rs.)

21.59%

ROE

36.17%

ROCE

21.59%

 

IPO's Valuations

To evaluate the IPO's valuation, we can study the information presented in the company's DRHP. Sheetal Universal Limited's IPO price is set at Rs.70 per share, with an EPS of Rs.2.56. Based on the issue price the company's P/E ratio is calculated at 27.34.

 

 

 

Dividend Policy

According to Sheetal Universal Limited IPO DRHP, the company did not distribute dividends in the preceding fiscal years, and its capacity to declare dividends in the future hinges on its earnings and financial health.

IPO's Strengths

  • Strategic Geographic Position

  • Seasoned Founders and Skilled Management Team

  • Wide Range of Customers and Strong Customer Connections

  • Punctual Product Delivery

  • Expandable Business Structure

 

IPO's Weaknesses

  • Limited Track Record

  • Dependence on Agricultural Commodities

  • Concentrated Customer Base

  • Lack of Dividend History

  • Industry and Market Risks

 

IPO GMP Today 

The Latest GMP for Sheetal Universal SME IPO is Rs. 12 

 

 

Conclusion

To sum it up, Sheetal Universal Limited is set to launch its IPO from December 4 to December 6, 2023, priced at Rs.70 per share to raise Rs.23.80 Crores. The company, operating in agricultural commodities, showcases strengths such as strategic positioning and a diverse customer base but faces challenges like a limited track record. The valuation, with a P/E ratio of 27.34 and a lack of dividend history, is noteworthy. As of November 29, 2023, the Grey Market Premium is Rs.7. 


You can follow MUKUL AGRAWAL for the latest IPO news and reviews. You can connect with us on social media platforms like Twitter, Facebook, and Instagram. You can also subscribe to our YouTube channel for the latest stock market videos.

 


Frequently Asked Questions

+

Sheetal Universal Limited is involved in the business of sourcing, processing, and supplying agricultural commodities such as peanuts, sesame seeds, spices, and grains to companies that manufacture food products.
 

+

The IPO is scheduled to be open for subscription from December 4, 2023, to December 6, 2023.

+

The issue price is fixed at Rs.70 per share.

+

Some weaknesses include the company's limited track record, dependence on agricultural commodities, a concentrated customer base, and a lack of dividend history.

+

As of November 29, 2023, the Grey Market Premium for Sheetal Universal SME IPO is Rs. 7.



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