Incorporated in November 1991, Sheel Biotech Limited specializes in biotechnology, floriculture, greenhouses, and organic projects.The company grows and supplies various plants for field crops, fruits, vegetables, and ornamentals through tissue culture and organic farming.The company manufactures and maintains greenhouses, provides farmer services, and offers training through FPOs.They also deliver landscaping services to the government and private sectors.The company holds ISO 9001:2015, 14001:2015, and 45001:2018 certifications, reflecting its commitment to quality, environmental responsibility, and safety.The company's Research and Development laboratory is recognized by the Department of Biotechnology (DBT) and the Department of Science and Technology (DST) of the Government of India.Sheel Biotech offers a diverse range of services and products, including:Planting Material: Utilizing tissue culture and hydroponics, the company produces high-quality, disease-free planting materials for various crops such as fruits, floriculture, forestry, and ornamentals.Horticultural Projects: Sheel Biotech designs and implements greenhouses, centers of excellence, integrated packhouses, and other turnkey projects, incorporating modern technologies like climate control, automation, drip irrigation, and fertigation to optimize crop yield and quality.Organic Adoption and Certification: The company assists farmers in transitioning to organic farming by providing adoption and certification services in line with the National Programme for Organic Production (NPOP) and the Participatory Guarantee System (PGS).Farmer Producer Organization (FPO) Management: Sheel Biotech supports the establishment and management of FPOs, offering training, skill development, and market linkage assistance to enhance farmers' access to better services and inputs.Skill Development: The company conducts training programs, seminars, workshops, and exposure trips to educate farmers and agripreneurs on modern agricultural practices and techniques.As of September 30, 2024, the Company has 160 permanent employees on its payroll.Competitive Strength:Skilled in biotechnology, organic farming, and greenhouse management.Offers a wide range of products across agriculture, floriculture, and horticulture.Eco-friendly practices and a focus on organic, sustainable farming.
| Category | Shares Offered* | Total Amt* (₹ Cr.) |
|---|---|---|
|
Anchor
|
272,000 | ₹1.710 |
|
QIB (Ex Anchor)
|
1,026,000 | ₹6.460 |
|
NII
|
774,000 | ₹4.880 |
|
Retail
|
1,804,000 | ₹11.370 |
| Total ** | 3,876,000 | ₹24.420 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min — 2 Lots) | 2 | 4,000 | ₹252,000 |
| Retail (Max — 13 Lots) | 13 | 26,000 | ₹1,638,000 |
| S-HNI (Min — 14 Lots) | 14 | 28,000 | ₹1,764,000 |
| S-HNI (Max — 66 Lots) | 66 | 132,000 | ₹8,316,000 |
| B-HNI (Min — 67 Lots) | 67 | 134,000 | ₹8,442,000 |
| Category | QIB | NII | Retail | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | |||
| Allocation (No. of shares) | — | — | — | — | — | 774,000 | 1,804,000 | 2,578,000 |
| Allotment price (Rs.) | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 |
| No. of applications | — | — | — | — | — | — | — | — |
| No. of shares applied | — | — | — | — | — | — | — | — |
| Amount collected (Rs.cr.) | 6.46 | 1.71 | 8.17 | — | — | 4.88 | 11.37 | 24.42 |
| No. of times subscribed | — | — | — | — | — | — | — | — |
| No. of shares allotted | — | — | — | — | — | 774,000 | 1,804,000 | 2,578,000 |
| Amount (Rs.cr.) | 6.46 | 1.71 | 8.17 | — | — | 4.88 | 11.37 | 16.24 |
| No. of allottees | — | — | — | — | — | — | — | — |
| Category | Shares Offered | Amt (₹ Cr) | Size (%) |
|---|---|---|---|
| Anchor / Market Maker | 272,000 | ₹1.71 |
7.02%
|
| QIB (Ex Anchor) | 1,026,000 | ₹6.46 |
26.47%
|
| NII / HNI | 774,000 | ₹4.88 |
19.97%
|
| Retail (RII) | 1,804,000 | ₹11.37 |
46.54%
|
| Total | 3,876,000 | ₹24.42 |
100.00%
|
| Particulars | 31 May 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 3.99 | 92.55 | 80.19 |
| EBITDA | Not Available | Not Available | Not Available |
| Profit After Tax (PAT) | 0.48 | 10.51 | 5.08 |
| Net Worth | 73.21 | 72.73 | 63.54 |
| Total Assets | 105.98 | 105.95 | 93.89 |
| Reserves & Surplus | 69.07 | 68.58 | 59.40 |
| Total Borrowings | 25.22 | 23.54 | 19.17 |
| EBITDA Margin (%) | 14.71% | — | — |
| PAT Margin (%) | 10.45% | — | — |
Sheel Biotech Ltd proposes to utilize the net proceeds raised through this IPO for the following objects as stated in the Draft Red Herring Prospectus (DRHP) filed with SEBI: