Shanthala FMCG Products Limited IPO

Price
₹91
Lot
1200
Subs.
3.91
Expected Listing Earning

Exp. Premium(GMP):
17.00(18.68%)
IPO Details

Open Date: 27-Oct-2023
Close Date: 31-Oct-2023
Allotment Date: 01-Nov-2023
Listing Date: 03-Nov-2023
Listing Price: ₹114.8/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹91 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹109,200 : HNI - ₹218,400
Subscription Details Updated at End of the Day

As on

QIB / Nll

Rll

Total

Shares Offered/Reserved838,800838,8001,677,600
Day 1 - 27-10-23 
05:00 PM
2.10x0.80x1.45x
Day 2 - 30-10-23 
05:00 PM
2.80x1.73x2.27x
Day 3 - 31-10-23 
05:00 PM
4.76x3.05x3.91x
Total No. of Application:2,132 (Approx.)
Retail Subscription on the basis of Apps:3.05x
Valuations

Earning Per Share(EPS)3.55/-
P/E Ratio25.66
RoNW12.38%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,2023657.214,077.2517.73
31 Mar,2022615.793,254.574.52
31 Mar,2021569.673,955.6714.41
Promoter(s)

Pre Issue Share Holding77.44%
Post Issue Share Holding57.019%
Company Promoter(s)
1. Manjunath Mallya
2. Shobitha Malya
3. Sneha Vinayak Kudva
4. Yogish Mallya
Issue Objective(s)

The company intends to utilize the Net Proceeds as following

1. Funding additional working capital requirements

2. General Corporate Purposes

About Company

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
Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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