Date of Sheetal Universal's IPO, Analysis, Cost, and Allotment Information

Details of the Sheetal Universal IPO: The IPO date is set, with an opening on December 4 and a closing on December 6. An NSE SME, Sheetal Universal, plans to raise ₹23.80 crores through its IPO. A market lot of 2000 shares and a price band of ₹70 are set for the Sheetal Universal IPO.

Goals of the Debate: 

Paying for capital investments

Requirement for Working Capital

Overarching Business Objective

To cover the costs of public issues

Also Read :  Net Avenue Technologies' IPO Status And Review 

Review of Sheetal Universal's IPO

May Be Apply 

Date of Sheetal Universal's IPO and Price Band Information

IPO Open:	December 4, 2023
IPO Close:	December 6, 2023
IPO Size:	Approx ₹23.80 Crores, 3,400,000 Equity Shares
Face Value:	₹10 Per Equity Share
IPO Price Band:	₹70 Per Equity Share
IPO Listing on:	NSE SME
Retail Quota:	50% of the net offer
NII Quota:	50% of the net offer

Lot in the Sheetal Universal IPO Market

With an application fee of ₹140,000, the minimum market lot for the Sheetal Universal IPO is 2000 shares.

Application	Lot Size	Shares	Amount
Retail Minimum	1	2000	₹140,000
Retail Maximum	1	2000	₹140,000
S-HNI Minimum	2	4000	₹280,000

Sheetal Universal IPO Dates

The IPO closes on December 6th, and the Sheetal Universal IPO date is December 4th. December 7 is the IPO allotment day, and on December 11 the IPO may go public.

IPO Open Date:	December 2, 2023
IPO Close Date:	December 6, 2023
Basis of Allotment:	December 7, 2023
Refunds:	December 8, 2023
Credit to Demat Account:	December 8, 2023
IPO Listing Date:	December 11, 2023

Concerning Sheetal Universal Limited

Since its incorporation in 2015, Sheetal Universal Limited has been sourcing, processing, and distributing agricultural commodities, such as peanuts, sesame seeds, spices, and grains, to the food product, biscuit, cake, and peanut butter makers.

The company's product line includes peanuts, sesame seeds, legumes, spices, and other agro-products.

Sheetal Universal is the owner of a manufacturing and processing facility that occupies 14,668 square meters of property in Jamnagar, Gujarat. The Indian government has certified the manufacturing unit with FSSAI-2006. The business is a part of the Indian Oil Seeds & Produce Export Promotion Council as well as the Agricultural & Processed Food Products Export Development Authority.

Saumesvar International Private Limited and Svar Industries Private Limited are two of the company's subsidiaries. Grain, oil seed, and other agricultural commodities are processed and exported by the subsidiaries.

Customers from the Russian Federation, Indonesia, Malaysia, Vietnam, UAE, Iran, Algeria, Israel, Turkey, and Egypt are among the company's clientele.

In the fiscal years 2023, 2022, and 2021, respectively, Sheetal Universal reported total operating revenue of Rs. 12,881.22 Lacs, Rs. 3,868.77 Lacs, and Rs. 3,763.64 Lacs.

Sheetal Universal IPO Allotment Status

 

Check Sheetal Universal IPO allotment status on Bigshare website URL. Click Here

Sheetal Universal IPO FAQs

Sheetal Universal IPO: What is it?

An NSE SME IPO is Sheetal Universal. Through an IPO, they plan to raise ₹23.80 crores. The cost of each equity share in the issuance is ₹70. The NSE will list the IPO.

When will the IPO for Sheetal Universal open?

The IPO will be available to retail and NII investors starting on December 4, 2023.

What is the Investors Portion of the Sheetal Universal IPO?

For NII, 50% goes to investors, and 50% goes to retailers.

Sheetal Universal IPO Size: What Is It?

The size of Sheetal Universal's IPO is ₹23.80 crores.

The Sheetal Universal IPO Price Band: What Is It?

The equity share price band for the Sheetal Universal IPO is ₹70.

What are the Minimum and Maximum Lot Sizes for Sheetal Universal IPO?

The IPO bid is ₹140,000 for 2000 shares.

What is the date of the Sheetal Universal IPO Allotment?

December 7, 2023 is the allotment date for the Sheetal Universal IPO.

What is the IPO Listing Date for Sheetal Universal?

December 11, 2023 is the date of Sheetal Universal's IPO listing. the NSE SME IPO listing.