Shanthala FMCG Products Ltd

Trading

Offer Period :

27th to 10th Oct 2023

Established in 1996, Shanthala FMCG is a leading distributor of branded packaged foods, personal care, education, stationery, matches, and agarbatti products in India. As an authorized distributor of ITC since 2007, the company prioritizes quality, affordability, Read more... and timely delivery. With a diverse product range and a robust management team, Shanthala FMCG boasts strong customer relationships and domain expertise.Read less

Shanthala FMCG Products Ltd IPO Details

IPO Date 27th to 10th Oct 2023 Minimum Investment ₹109200 / 1 Lots
Listing Date 2023-11-03 Maximum Investment ₹109200 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹16.07 Crores
Price ₹91 to ₹91 per share Fresh Issue ₹16.07 Crores
Lot Size 1 Lots (1200 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 27th to 10th Oct 2023
Listing Date 2023-11-03
Face Value ₹10 per share
Price ₹91 to ₹91 per share
Lot Size 1 Lots (1200 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹109200 / 1 Lots
Maximum Investment ₹109200 / 1 Lots
Total Issue Size ₹16.07 Crores
Fresh Issue ₹16.07 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

27th Oct

IPO Starts

31st Oct

IPO Ends

3rd Nov

Allotment Date

6th Nov

Initiation of Refund

7th Nov

Credit of Shares to Demat Account

3rd Nov

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 77.39 56.98
Public Group 22.61 43.02

Shanthala FMCG Products Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 838800(47.49%)
Retail Shares Offered 838800(47.49%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 1766400
Total Shares With Anchor Investor 1766400

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Shanthala FMCG Products Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Shanthala FMCG Products Ltd IPO Lead Manager

1. First Overseas Capital Ltd

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Shanthala FMCG Products Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Shanthala FMCG Products Ltd

1. Distributor of Choice.

2. Distribution of variety of Products.

3. Experienced Promoter and management team with strong industry expertise and successful track record.

4. Strong and long-standing customer relationships.

Risks Involved

1. There are certain outstanding legal proceeding involving its Promoter and Promoter Entities which may adversely affect its business, financial condition and results of operations.

2. The company is 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, which may affect the company's business and financial position.

3. Its distribute products manufactured by third party manufacturers or suppliers. Hence, the company has to relies on third parties for procuring the products sold by the Company. If these manufacturers or suppliers are unable or unwilling to manufacture the products distributed by it, or if these organizations fail to comply with FDA or other applicable regulations or otherwise fail to meet its requirements, its business will be adversely affected.

4. The company has not entered into long-term contracts with its customers and typically operate on the basis of purchase orders, which could adversely impact its revenues and profitability.

5. Its operations are subject to high working capital requirements. Its inability to maintain an optimal level of working capital required for its business may impact the company operations adversely.

6. The company is engaged in distribution of FMCG products manufactured and / or marketed by FMCG Companies. Its Operating Cost comprises of Cost of goods sold, Employee cost and Other operating expenses, any fluctuations in Operating Cost may have impact on the Company's business as well as financial performance.

7. Its Promoter and Managing Director, B. Manjunath Mallya plays key role in its functioning and the company heavily relies on his knowledge and experience in operating its business and therefore, it is critical for its business that its Promoter remain associated with it. The company's success also depends on its key managerial personnel and its ability to attract and retain them. Any loss of its key person could adversely affect its business, operations and financial condition.

8. Substantial portion of its revenues has been dependent upon limited number of customers.

9. The company is dependent upon few suppliers for the material requirements of its business. Further, the company does not have definitive agreements or fixed terms of trade with most of its suppliers. Failure to successfully leverage its relationships with existing suppliers or to identify new suppliers could adversely affect its business operations.

10. Its business requires it to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failure to obtain and renew them in a timely manner may adversely affect its business operations.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Shanthala FMCG Products Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-11-03 91867 SHANTHALA
INE0Q9Q01017
₹91 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹91 ₹91
Open ₹0 ₹108
Low ₹0 ₹103
High ₹0 ₹113.4
Low ₹0 ₹103

Frequently Asked Questions

What is Shanthala FMCG Products Ltd IPO?

Answer Field

Shanthala FMCG Products Ltd IPO is a SME IPO of 17,66,400 equity shares of a face value of ₹10 aggregating up to ₹16.07 Crores. The issue is priced at ₹91 to ₹91 per share. The minimum order quantity is 1200 Shares. The IPO opens on October 27, 2023, and closes on October 31, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Shanthala FMCG Products Ltd IPO will open?

Answer Field

The Shanthala FMCG Products Ltd IPO opens on October 27, 2023 and closes on October 31, 2023.

What is the lot size of Shanthala FMCG Products Ltd?

Answer Field

Shanthala FMCG Products Ltd lot size is 1200 shares, and the minimum amount required is ₹1,09,200.

How to apply for Shanthala FMCG Products Ltd IPO?

Answer Field

You can apply in Shanthala FMCG Products Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

• Approve the mandate request on your UPI and funds will be blocked.

When is Shanthala FMCG Products Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Shanthala FMCG Products Ltd IPO will be done on November 03, 2023, and the allotted shares will be credited to your demat account by November 07, 2023.

When is Shanthala FMCG Products Ltd IPO listing date?

Answer Field

The Shanthala FMCG Products Ltd listing date is November 03, 2023.

Who is the registrar of Shanthala FMCG Products Ltd IPO?

Answer Field

The registrar of Shanthala FMCG Products Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

First Overseas Capital Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Shanthala FMCG Products Ltd IPO?

Answer Field

The fresh issue size is ₹16.07 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Shanthala FMCG Products Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹1,09,200 amount.

How can I approve the UPI mandate request for Shanthala FMCG Products Ltd IPO?

Answer Field

To apply for Shanthala FMCG Products Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Shanthala FMCG Products Ltd?

Answer Field

The price of each Shanthala FMCG Products Ltd share will be ranging in between ₹91 to ₹91 per share.

What is the cut-off time for the UPI mandate for Shanthala FMCG Products Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, October 31, 2023.

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