IPO IPO-Synopsis
Sheetal Universal Ltd

Back

Registered Office: # 348 2nd Flr Iscon Mall,150 Feet Ring Road , Rajkot - 360005 , Gujarat , India.
Phone : +919099302638   Fax:
Email :  cs@sheetaluniversal.com  
Website :  www.sheetaluniversal.com
Public issue of 3400000 equity shares of face value of Rs10/- each of Sheetal Universal Limited ("Sheetal Universal" or the "Company" or the "Issuer") for cash at a price of Rs70 per equity share including a share premium of Rs60 per equity share (the "Issue Price") aggregating to Rs23.80 crores ("The Issue"), of which upto 172000 equity shares of face value of Rs10/- each for cash at a price of Rs70 per equity share including a share premium of Rs60 per equity share aggregating to Rs1.20 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of upto 3228000 equity shares of face value of Rs10/- each at a price of Rs70 per equity share including a share premium of Rs60 per equity share aggregating to Rs22.60 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 29.68% and 28.18% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs10/- each and the issue price is Rs70 the issue price is 7.00 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
04-Dec-23 06-Dec-23 Rs70.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  Rs Cr Lead Managers to the Issue
Project Cost 21.47
Beeline Capital Advisors Pvt Ltd
Project Financed through Current Offer 23.80  
Post Issue Equity Share Capital 11.46  
Issue Price Rs70.00  
Projects
Funding capital expenditureGeneral corporate purposes
Working capital Requirement
Promoted By
Hiren Vallabhbhai Patel
Kajal Hiren Patel
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd