Shanthala FMCG Products IPO GMP, Key Dates, Pricing, Analysis, And Insights

Shanthala FMCG Products is gearing up to launch its IPO, with the subscription period set to commence on October 27, 2023, and conclude on October 31, 2023. This NSE SME IPO aims to raise ₹16.07 crores which is 100% fresh issue. The IPO price band for Shanthala FMCG Products ranges from Rs 85 to Rs 91 per share, with a market lot size of a minimum of 1200 shares. Shanthala FMCG Products IPO will be listed on NSE on November 3, 2023. The allocation for this IPO is as follows: 50% for retail investors, 50% for qualified institutional buyers (QIB), and 0% for high-net-worth individuals (HNI).

Shanthala FMCG Products Company Profile

Shanthala FMCG Products operated its distributorship business through two proprietary firms, namely M/s. Shanthala Enterprises, owned by Mrs. Sharada Malya, and M/s. Shanthala Traders, owned by B. Manjunath. They specialize in distributing Fast-Moving Consumer Goods (FMCG) products for prominent FMCG companies in India, including branded packaged foods, personal care products, education and stationery items, matches, agarbatti, and tobacco products.

Furthermore, they are distributors for a leading FMCG multinational corporation in India, providing branded beauty and well-being, nutrition, personal care, and home care products. Shanthala FMCG Products also distributes oil, sugar, and atta under the brand name Sunpure for M. K. Agrotech Pvt. Ltd. Their operational area mainly covers Coorg, Karnataka, where they have been servicing customers for over 20 years, establishing a deep understanding of customer needs, especially in a region with scattered customer bases.

Shanthala FMCG Products IPO GMP

Shanthala FMCG Products IPO Objectives

The proceeds from the IPO will be allocated for the following purposes:

1. To Meet Working Capital Requirements.
2. General Corporate Purpose.

Shanthala FMCG Products IPO Details

• Shanthala FMCG Products IPO Open Date: October 27, 2023
• Shanthala FMCG Products IPO Close Date: October 31, 2023
• Shanthala FMCG Products IPO Size: Approximately ₹16.07 Crores, comprising 17,66,400 Equity Shares
• Face Value: ₹10 Per Equity Share
• Shanthala FMCG Products IPO Price Band: Rs 85 to Rs 91 per share
• Shanthala FMCG Products IPO Listing on NSE SME
• Retail Quota: 50% of the net offer
• QIB Quota: 0% of the net offer
• NII Quota: 50% of the net offer

Shanthala FMCG Products IPO Timeline

• Shanthala FMCG Products IPO Open Date: October 27, 2023
• Shanthala FMCG Products IPO Close Date: October 31, 2023
• Basis of Allotment: November 2, 2023
• Refunds: November 3, 2023
• Credit to Demat Account: November 3, 2023
• Shanthala FMCG Products IPO Listing Date: November 3, 2023

Shanthala FMCG Products IPO Grey Market Premium GMP:

• Click Here to Check the Live Shanthala FMCG Products IPO GMP

How to Apply for Shanthala FMCG Products IPO

Investors can apply for the Shanthala FMCG Products IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

Shanthala FMCG Products Financial Performance (in Crores)

• 2021: Revenue ₹39.55, Expense ₹38.90, Profit (PAT) ₹0.14
• 2022: Revenue ₹32.54, Expense ₹32.06, Profit (PAT) ₹0.04
• 2023: Revenue ₹40.77, Expense ₹40.08, Profit (PAT) ₹0.17

Shanthala FMCG Products Valuation FY2023

• Earnings Per Share (EPS): ₹3.55 per Equity Share
• Price/Earnings (P/E) Ratio: 25.63
• Return on Net Worth (RoNW): 12.38%
• Net Asset Value (NAV): ₹ 28.64 per Equity Share

Shanthala FMCG Products Peer Group

• Not Applicable

Shanthala FMCG Products Company Promoters

• Manjunath Mallya
• Shobitha Malya
• Sneha Vinayak Kudva
• Yogish Mallya

Shanthala FMCG Products IPO Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Website: https://ipo.bigshareonline.com/IPO_Status.html
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com

Shanthala FMCG Products IPO Allotment Status Check

• Check the Shanthala FMCG Products IPO allotment status on Bigshare Services Pvt Ltd.

Shanthala FMCG Products IPO Lead Managers (Merchant Bankers)

• First Overseas Capital Limited

Shanthala FMCG Products Company Address

7th Block, Gandhinagr Bye Pass Road,
Virajpet, Kodagu,Karnataka-571 218-India
Website: https://shanthalafmcg.com/
Phone: +91 82742 98999
Email: ipo@Shanthalafmcg.com

Shanthala FMCG Products IPO FAQs

What is Shanthala FMCG Products IPO?

Shanthala FMCG Products IPO is an NSE SME IPO. They are going to raise ₹16.07 Crores via IPO. The issue is priced at ₹91 per equity share. The IPO is to be listed on NSE.

When Shanthala FMCG Products IPO will open?

Shanthala FMCG Products IPO is to open on October 27, 2023, for QIB, NII, and Retail Investors.

What is Shanthala FMCG Products IPO Investors Portion?

The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.

How to Apply the Shanthala FMCG Products IPO?

You can apply Shanthala FMCG Products IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply Shanthala FMCG Products IPO through Zerodha?

For those using Zerodha, the application process involves logging into the Zerodha Console, selecting the IPO under the Portfolio section, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with Zerodha may be necessary for some applicants. Open Demat Account with Zerodha.

How to Apply the Shanthala FMCG Products IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

How to Apply for the Shanthala FMCG Products IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

What is Shanthala FMCG Products IPO Size?

Shanthala FMCG Products IPO size is ₹16.07 crores.

What is Shanthala FMCG Products IPO Price Band?

Shanthala FMCG Products IPO Price Band is ₹85-91 per equity share.

What is Shanthala FMCG Products IPO Minimum and Maximum Lot Size?

The IPO bid is 1200 shares with ₹1,09,200.

What is Shanthala FMCG Products IPO Allotment Date?

Shanthala FMCG Products IPO allotment date is November 2, 2023.

What is Shanthala FMCG Products IPO Listing Date?

Shanthala FMCG Products IPO listing date is November 3, 2023. The IPO to list on NSE SME.