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Shanthala FMCG Products IPO

Shanthala FMCG Products IPO

  • Status: Closed
  • RHP:
  • ₹ 109,200 / 1200 shares

    Minimum Investment

IPO Details

  • Open Date

    27 Oct 2023

  • Close Date

    31 Oct 2023

  • IPO Price Range

    ₹ 91

  • IPO Size

    ₹ 16.07 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    08 Nov 2023

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IPO Timeline

Shanthala FMCG Products IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Shanthala FMCG Products Limited IPO is all set to open from 27th October to 31st October 2023. The company operates as an FMCG product distributor. The IPO includes a fresh issue of 1,766,400 shares worth ₹16.07 cr. The share allotment date is 3rd November, and the IPO will be listed on 8th November on the stock exchanges. The price band is ₹91 per share and the lot size is 1200 shares.    

First Overseas Capital Limited is the book-running lead manager for this IPO, while Bigshare Services Pvt Limited is the registrar. 

Objectives of the Issue

Shanthala FMCG Products plans to utilize the raised capital from the IPO to:

●   For working capital requirements.
●   General corporate purpose.

Established in 1996, Shanthala FMCG Products Limited operates as an FMCG product distributor. It distributes well-known branded packaged foods, personal care items, educational and stationery products, matches, agarbatti, and tobacco products to major FMCG companies. In 2007, Shamnthala FMCG secured authorization as an official distributor for ITC.  

The company's primary goal is to offer high-quality products at affordable prices while ensuring timely delivery.

Peer Comparison

There are no listed peers in India for the company.

For More Information:
Webstory on Shanthala FMCG Products IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 40.77 32.55 39.56
EBITDA 0.69 0.48 0.65
PAT 0.18 0.045 0.14
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 6.57 6.15 5.69
Share Capital 0.50 0.50 0.50
Total Borrowings 5.13 4.9 4.48
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 1.11 0.27 0.14
Net cash from / (used in) investing activities 0.23 -0.32 0.25
Net cash flow from / (used in) financing activities -0.60 0.21 -0.46
Net increase (decrease) in cash and cash equivalents 0.73 0.16 -0.063


Strengths

1. The company is an FMCG product distributor for large-size FMCG Companies in India.
2. The company distributes a wide range of products. 
3. It has strong and long-standing customer relationships.
4. Experienced Promoters and Senior Management.
 

Risks

1. The company is involved in the business of distribution of FMCG products including that of tobacco products which are subject to Stringent health and safety laws and regulations as well as governed by stricter consumption policies.
2. Higher working capital requirements.
3. The company operates in a highly competitive industry.
4. Negative cash flows in the past.

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FAQs

The minimum lot size  for Shanthala FMCG Products is 1200 shares and the investment required is ₹1,09,200.

The price for this Shanthala FMCG Products IPO is ₹91 per share.

Shanthala FMCG Products IPO opens from 27th October to 31st October 2023.

 The Shanthala FMCG Products IPO size is ₹16.07 Cr. 

The share allotment date for Shanthala FMCG Products IPO is 3rd November 2023.

The Shanthala FMCG Products IPO will be listed on 8th November 2023.

First Overseas Capital Limited is the book-running lead manager for Shanthala FMCG Products IPO.

Shanthala FMCG Products plans to utilize the raised capital from the IPO to:

    1. For working capital requirements.
    2. General corporate purpose.

To apply for Shanthala FMCG Products IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section    
• Enter the number of lots and the price at which you wish to apply for the Shanthala FMCG Products   IPO.    
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
• You will receive a mandate notification to block funds in your UPI app.