IPO Issue Details
Issue Price / Price Band₹91 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size17,66,400 shares (aggregating up to ₹16.07 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 27 Oct 2023
Subscription CloseTue, 31 Oct 2023
Anchor AllotmentThu, 26 Oct 2023
Basis of AllotmentFri, 03 Nov 2023
Initiation of RefundsMon, 06 Nov 2023
Credit of Shares to DematTue, 07 Nov 2023
Listing DateFri, 03 Nov 2023
UPI Mandate Deadline2023-10-31
Application & Investment Details
Retail — Min (1 Lots)₹1,09,200 — 1200 shares
Retail — Max (13 Lots)₹1,419,600 (13 Lots)
HNI — Min (2 Lots)₹2,18,400 — 2,400 shares
EPS (Pre-IPO)₹3.55
P/E Ratio (Pre-IPO)25.66x
P/E Ratio (Post-IPO)252.78x
Net Offer to Public16,77,600 shares (aggregating up to ₹15.27 Cr)
Reserved for Market Maker88,800 shares (aggregating up to ₹0.8081 Cr)
Pre-IPO Promoter Holding49,31,664 shares
Post-IPO Promoter Holding66,98,064 shares
About Shanthala FMCG Products Ltd.
Incorporated in 1996, it is an FMCG product distribution company engaged in the distribution of branded packaged foods, Personal care products, Education and stationery products, Matches and Agarbatti and tobacco products to large FMCG companies. The company aims at providing quality products at reasonable prices with on-time delivery. In 2007, Shamnthala FMCG became an authorized distributor of ITC company. The company aims to provide meaningful shopping experience to its customers. Following are the competitive strengths of the companyShanthala is an FMCG distributor for large-sized FMCG companies in IndiaThe company is engaged in the distribution of a variety of productsStrong and long term relationships with customersExperienced Management Team with stong domain knowledge
Objects of the Issue
Shanthala FMCG Products Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding additional working capital requirements
2
. General Corporate Purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
49,31,664 shares
Post-IPO Promoter Holding
66,98,064 shares