Sheetal Universal IPO GMP, Details, Date, Price, Allotment 2023

Sheetal Universal  IPO description – Sheetal Universal   India Limited is coming up with its Initial public offering. The IPO will be open for subscription on December 04, 2023

 

Sheetal Universal IPO – Details

 

IPO Open Date 04 December 2023
IPO Close Date 06 December 2023
Issue Type Fixed Price Issue IPO
Issue Size 3,400,000 Shares Worth ₹23.80 Crore

Fresh Issue: 3,400,000 Shares Worth ₹23.80 Crore

Face Value ₹10 per equity share
IPO Price ₹70
Market Lot 2000 Shares
Minimum Order 2000 Shares (1 Lot)
Listing At NSE SME
Register Bigshare Services Pvt Ltd
Retail Shares Offered 50%
Other Shares Offered 50%

 

Sheetal Universal IPO – Date Schedule

 

IPO Opening Date 04 December 2023
IPO Closing Date 06 December 2023
Finalization of Basis of Allotment 07 December 2023
Refunds Initiation 08 December 2023
Transfer of shares to demat accounts 08 December 2023
Listing Date of IPO 11 December 2023

 

Sheetal Universal IPO – About Company 

 

Sheetal UniversalLimited is engaged in the business of sourcing, processing, and supplying agricultural commodities like peanuts, sesame seeds, spice, and grains to cater to the manufacturers of peanut butter, biscuits, cakes, chocolate, and food products.

The product range of the company comprises spices, peanuts, sesame seeds and pulses, and other agro-products.

Sheetal Universalowns a manufacturing & processing unit situated in Jamnagar, Gujrat, spread across a total land area of approximately 14,668 sq mts. The manufacturing unit is certified with FSSAI-2006 by the Government of India. The company is a member of the Agricultural & Processed Food Products Export Development Authority and the Indian Oil Seeds & Produce Export Promotion Council.

The company owns two subsidiaries Saumesvar International Private Limited and Svar Industries Private Limited. The subsidiaries process and export agri-commodities like oil seed, grains, etc.

The company’s clientele includes customers from the Russian Federation, Indonesia, Malaysia, Vietnam, UAE, Iran, Algeria, Israel, Turkey, and Egypt.

 

Sheetal Universal IPO
Sheetal Universal IPO

 

Sheetal Universal IPO – Industry Overview 

 

India has great potential to become a global processed food export powerhouse as it includes a rich agricultural resource base, strategic geographic location and proximity to food-importing nations, and an extensive network of food processing training, academic, and research facilities. The Indian food processing industry has grown rapidly with an average annual growth rate of 8.3% in the past 5 years. With a market size of US$ 866 billion in 2022, the food industry will play a vital role in the economy’s growth.

The domestic food market is projected to grow by over 47% between 2022 and 2027, reaching US$ 1,274 billion. In 2023, the food market will generate US$ 963 billion in revenue and the market is anticipated to expand at a CAGR of 7.23% between 2023-27. 

India’s agricultural exports surged by nearly one-fifth (19.92%), crossing the US$ 50 billion milestones, covering 50% of the world’s rice market in FY22. Exports of processed food climbed from US$ 8.56 billion in 2020-21 to US$ 10.42 billion in 2021-22. Furthermore, in 2021-22, processed food exports accounted for 22.6% of the overall agri-food exports. The Indian food processing sector has attracted more than US$ 6 billion worth of foreign direct investment (FDI) since 2014-15. Moreover, the food processing industry has attracted FDI equity worth US$ 709.72 million during 2021-22. The total FDI received in the food processing sector is US$ 11.79 billion from April 2000 till December 2022. 

India’s food processing sector is one of the largest in the world and it is expected to reach US$ 535 billion by 2025- 26. The rise in the preference for processed food is driven by two worldwide consumer megatrends 

  • The increasing demand for convenience 
  • A growing emphasis on health and wellness. 
  • Food and grocery market in India is the sixth-largest in the world. Food processing industry contributes 32% to this food market and is also one of the largest industries in the country, contributing 13% to total export and six% of industrial investment.
  • The Indian food processing industry is expected to reach US$ 535 billion by 2025-26 on the back of government initiatives such as planned infrastructure worth US$ 1 trillion and Pradhan Mantri Kisan Sampada Yojna.

 

Sheetal Universal IPO – Financial Performance

 

FY 2022 FY 2023 5M FY 2024
Revenue 3,868.77 12,881.22 5,675.86
Expenses 3,941.87 12,887.70 5,576.14
Net income 28.31 198.85 187.67

Figures in INR Lakhs

 

Sheetal Universal IPO – Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS 0.33 0.37 2.56
PE ratio 27.34
RONW (%) 6.02 6.29 30.63
NAV 5.44 5.81 8.37
ROCE (%) 7.28 6.99 21.59
EBITDA (%) 0.11 0.41 1.16
Debt/Equity 1.48 2.19 2.09

 

Sheetal Universal IPO – Prospectus

 

 

Sheetal Universal IPO – Competitive Strengths

 

  • Advantage of Geographic Location
  •  Quality Assurance
  • Experienced Promoters and Management Team 
  • Diversified customer base and long-standing relationship with our customers
  •  Timely Delivery of Products 
  • Well-defined organizational structure
  • Scalable Business Model

 

Sheetal Universal IPO – Object Of The Issue

 

  • Funding capital expenditure
  • Working Capital Requirement
  • General Corporate Purpose
  • To meet Public Issue Expenses

 

Sheetal Universal IPO – Allotment Status

Sheetal Universal   IPO allotment status will be available on the Bigshare Services’ website. Click on this link to get allotment status.

Sheetal Universal IPO – Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Min) 1 2000 1,40,000
Retail (Max) 1 2000 1,40,000
HNI (Min) 2 4000 2,80,000

2023-10-13 (4)

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