Sheetal Universal IPO Details: In order to invest their money in IPOs, stock market investors frequently continue to learn about IPOs of newly established businesses. You will read about the IPO of a new firm today if you are an investor in the stock market and you are always searching for upcoming IPOs.
We will tell you about the Sheetal Universal IPO in this article today. You will learn all the details about this IPO and when it will be listed on the stock market.
The primary activity of the 2015-founded Sheetal Universal Company is the production of edible goods from agricultural products such as peanuts, grains, spices, and other commodities. This company produces cakes, chocolates, peanut butter, biscuits, and other food products. Now, let’s discuss the Sheetal Universal IPO.
Sheetal Universal IPO Details
| Parameter | Details |
| Issue Type | Fixed Price Issue |
| Issue Size | Rs 23.80 crores |
| Fresh Issue | 34 lakh shares |
| IPO Opening Date | December 4, 2023 |
| IPO Closing Date | December 6, 2023 |
| Allotment Date | Expected on December 7, 2023 |
| Listing Date | Tentatively scheduled for December 11, 2023 |
| Listing Exchange | NSE SME |
| IPO Price | ₹70 per share |
| Minimum Lot Size | 2000 shares |
| Minimum Investment (Retail) | ₹140,000 |
| Minimum Investment (HNI) | 2 lots (4,000 shares) amounting to ₹280,000 |
In terms of Sheetal Universal’s initial public offering (IPO) details, the investment window will open on December 4, 2023, and close on December 6, 2023.
A minimum lot of 2000 shares must be purchased in order to participate in this IPO, with reports indicating that the share price may be as high as Rs 70 a share. This will require an investment of about Rs 1,40,000.
Following the IPO, on December 11, 2023, the company’s shares will be listed on the NSE and BSE marketplaces, where they will also be available for purchase.
Sheetal Universal IPO Financial Report
The financial records from Sheetal Universal look something like this now. We have discussed this company’s entire financial report below.
| Year | Revenue (₹ in Crores) | Expense (₹ in Crores) | Profit After Tax (PAT) (₹ in Crores) |
| 2021 | ₹ 38.84 | ₹ 38.52 | ₹ 0.25 |
| 2022 | ₹ 39.84 | ₹ 39.42 | ₹ 0.28 |
| 2023 | ₹ 131.66 | ₹ 128.88 | ₹ 1.99 |
How to invest in IPO?
If you are unfamiliar with investing in initial public offerings (IPOs), allow us to inform you that in order to participate in the stock market, you must first register a demat account, which you can do online these days. With the help of reputable stock brokers like Zerodha and Upstox, you may quickly register an online demat account.
You must now open your stock broker application after opening the demat account. There, you will see the option for an initial public offering (IPO). From there, investing in any open initial public offering (IPO) is simple.
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