Sheetal Cool Products IPO

Sheetal Cool Products IPO

Business description from prospectus - Sheetal Cool Products is currently involved in producing and processing of milk and milk products, snacks and bakery items. It sells its products under the brand name “Sheetal” to a number of distributors and super stockists.

Currently, the company has a manufacturing unit spread over an area admeasuring around 5314.66 square meters (approximately) at Amreli, Gujarat and its registered office is also situated at the same location. The unit is well equipped with wide range of machineries and other handling equipment to facilitate smooth manufacturing process.

As on date of this Prospectus, the company has employed 22 employees (including skilled, semi-skilled) and 275 personnel on contract basis. Sheetal Cool Products is ISO 22000:2005 & ISO 9001:2015 certified in respect of manufacturing of Ice-cream, milk & milk products, mango ras, lassi, curd, flavoured milk, masko, wafers, namkeen, fryums and bakery products.

Promoters of Sheetal Cool Products – Bhupatbhai D Bhuva, Dinesh Kumar D Bhuva, Sanjay D Bhuva, Naynaben B Bhuva, Kajalben D Bhuva and Asmitaben S Bhuva

Sheetal Cool Products IPO details

Subscription Dates16 - 18 October 2017
IPO Price bandINR80 per share
Fresh issue 3,000,000 shares (INR24 crore)
Offer for sale Nil
Total IPO size3,000,000 shares (INR24 crore)
Minimum bid (lot size)1,600 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME platform

Sheetal Cool Products' financial performance (in INR crore)

FY2014FY2015FY2016FY2017Q1 FY2018
Total revenue6.444.9125.3154.649.3
Total expenses7.044.9122.9151.548.5
Profit after tax-1.00.12.02.10.6

Sheetal Cool Products Limited
G I D C
Plot No. 78-79-80
Amreli-365601, Gujarat

Phone: +91 79 2642 1701
Email: [email protected]
Website: www.sheetalicecream.com

Day

Subscription (no. of times)

Day 10.49
Day 21.79
Day 331.38

 

Earnings Per Share (EPS): INR4.12

Price/Earnings (P/E) ratio: 19.42

Return on Net Worth (RONW): 25.15%

Net Asset Value (NAV): INR16.37 per share

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
[email protected]
Website: www.karvycomputershare.com

Sheetal Cool Products IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.

IPO Opening Date: 16 October 2017

IPO Closing Date: 18 October 2017

Listing Date: 30 October 2017

Listing Price on BSE SME: INR96 per share (up 20% from IPO price)

Closing Price on BSE SME: INR86.6 per share (up 8.25% from IPO price)

12 thoughts on “Sheetal Cool Products IPO

  • October 28, 2017 at 8:53 PM
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    Listing price 95 – 100 !

    Reply
    • October 27, 2017 at 8:40 PM
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      I did not get shares. Any body here allocated ?

      Reply
  • October 24, 2017 at 7:00 PM
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    Sheetal cool product allotment date & listing date?

    Reply
  • October 24, 2017 at 4:04 PM
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    @Siwach – Maximum listing will be 96 not more than this on listing day.

    Reply
  • October 24, 2017 at 11:32 AM
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    listing date ?

    Reply
  • October 19, 2017 at 8:32 PM
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    What is the date of allotment and listing?

    Reply
  • October 19, 2017 at 2:45 PM
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    Good company I am distributor last 20year

    Reply
    • October 23, 2017 at 8:41 AM
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      But the company is only 17 years old. Started as a sole proprietorship in 2000.

      Reply
    • November 1, 2017 at 9:18 PM
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      Could u give why do u like the company? any USP for sheetal? Do they have pricing power vs competition?

      Reply
  • October 18, 2017 at 8:46 PM
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    listing price 100 to 105

    100% sure

    Reply
  • October 17, 2017 at 11:45 PM
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    Promoter r good

    Reply

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