Shanthala FMCG Products IPO is a fixed price issue of Rs 16.07 crores. The issue is entirely a fresh issue of 17.66 lakh shares.
Shanthala FMCG Products IPO opens for subscription on October 27, 2023 and closes on October 31, 2023. The allotment for the Shanthala FMCG Products IPO is expected to be finalized on Friday, November 3, 2023. Shanthala FMCG Products IPO will list on NSE SME with tentative listing date fixed as Wednesday, November 8, 2023.
Shanthala FMCG Products IPO price is ₹91 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹109,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹218,400.
First Overseas Capital Limited is the book running lead manager of the Shanthala FMCG Products IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Shanthala FMCG Products IPO is Bhh Securities.
Refer to Shanthala FMCG Products IPO RHP for detailed information.
Shanthala FMCG Products IPO Details
| IPO Date | October 27, 2023 to October 31, 2023 |
| Listing Date | [8 NOVEMBER 2023] |
| Face Value | ₹10 per share |
| Price | ₹91 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,766,400 shares (aggregating up to ₹16.07 Cr) |
| Fresh Issue | 1,766,400 shares (aggregating up to ₹16.07 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,931,664 |
| Share holding post issue | 6,698,064 |
| Market Maker portion | 88,800 shares Bhh Securities |
Shanthala FMCG Products IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
Shanthala FMCG Products IPO Timeline (Tentative Schedule)
Shanthala FMCG Products IPO opens on October 27, 2023, and closes on October 31, 2023.
| IPO Open Date | Friday, October 27, 2023 |
| IPO Close Date | Tuesday, October 31, 2023 |
| Basis of Allotment | Friday, November 3, 2023 |
| Initiation of Refunds | Monday, November 6, 2023 |
| Credit of Shares to Demat | Tuesday, November 7, 2023 |
| Listing Date | Wednesday, November 8, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 31, 2023 |
Shanthala FMCG Products IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹109,200 |
| Retail (Max) | 1 | 1200 | ₹109,200 |
| HNI (Min) | 2 | 2,400 | ₹218,400 |
| Lot Size Calculator |
Shanthala FMCG Products IPO Promoter Holding
The promoters of the company are Manjunath Mallya, Shobitha Malya, Sneha Vinayak Kudva, and Yogish Mallya
| Share Holding Pre Issue | 77.44 |
| Share Holding Post Issue | 57.019 |
About Shanthala FMCG Products Limited
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 company
- Shanthala is an FMCG distributor for large-sized FMCG companies in India
- The company is engaged in the distribution of a variety of products
- Strong and long term relationships with customers
- Experienced Management Team with stong domain knowledge
Shanthala FMCG Products Limited Financial Information (Restated)
Shanthala FMCG Products Limited’s revenue increased by 25.28% and profit after tax (PAT) rose by 292.26% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 827.32 | 657.21 | 615.79 | 569.67 |
| Revenue | 1,585.58 | 4,077.25 | 3,254.57 | 3,955.67 |
| Profit After Tax | 10.15 | 17.73 | 4.52 | 14.41 |
| Net Worth | 549.32 | 143.22 | 125.49 | 120.97 |
| Reserves and Surplus | 56.15 | 93.22 | 75.49 | 70.97 |
| Total Borrowing | ||||
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 25.66 |
| ROE | 12.38% |
| ROCE | 19% |
| Debt/Equity | 3.12 |
| EPS (Rs) | 3.55 |
| RoNW | 12.38% |
Check Shanthala FMCG Products IPO Peer Comparison here.
Objects of the Issue (Shanthala FMCG Products IPO Objectives)
The company intends to utilize the Net Proceeds as following
1. Funding additional working capital requirements
2. General Corporate Purposes
Shanthala FMCG Products Limited Contact Details
Shanthala FMCG Products Limited
7th Block, Gandhinagr Bye Pass Road
Virajpet
Kodagu – 571218
Phone: +91 82742 98999
Email: ipo@Shanthalafmcg.com
Website: https://shanthalafmcg.com/
Shanthala FMCG Products IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html