Shanthala FMCG Products IPO is now live, offering a fixed price issue of Rs 16.07 crores, featuring an entirely fresh issue of 17.66 lakh shares.
Subscription for the Shanthala FMCG Products IPO begins on October 27, 2023, and concludes on October 31, 2023. The Basis of Allotment is set to be finalized by Friday, November 3, 2023. Get ready for trading as Shanthala FMCG Products IPO is slated to list on NSE SME, with a tentative listing date fixed for Wednesday, November 8, 2023.
Investors can participate at a price of ₹91 per share. The minimum application lot size stands at 1200 shares, requiring a minimum investment of ₹109,200 for retail investors. High Net Worth Individuals (HNI) have the option to invest in 2 lots (2,400 shares), totaling ₹218,400.
Shanthala FMCG Products IPO is managed by the seasoned team at First Overseas Capital Limited, serving as the book running lead manager, and Bigshare Services Pvt Ltd, acting as the registrar for the issue. Bhh Securities has been appointed as the market maker for this exciting IPO opportunity.
Shanthala FMCG Products IPO Details
| IPO Date | October 27, 2023 to October 31, 2023 |
| Face Value | ₹10 per share |
| Price | ₹91 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,766,400 shares (aggregating up to ₹16.07 Cr) |
| Fresh Issue | 1,766,400 shares (aggregating up to ₹16.07 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,931,664 |
| Share holding post issue | 6,698,064 |
Shanthala FMCG Products IPO Dates
The Shanthala FMCG Products IPO Dates opens on October 27, 2023, and closes on October 31, 2023. The finalization of Basis of Allotment for Shanthala FMCG Products IPO will be done on Friday, November 3, 2023, and the allotted shares will be credited to your demat account by Tuesday, November 7, 2023.
| IPO Open Date | Friday, October 27, 2023 |
| IPO Close Date | Tuesday, October 31, 2023 |
| Basis of Allotment | Friday, November 3, 2023 |
| Initiation of Refunds | Monday, November 6, 2023 |
| Credit of Shares to Demat | Tuesday, November 7, 2023 |
| Listing Date | Wednesday, November 8, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 31, 2023 |
Shanthala FMCG Products IPO Lot Size
Explore Investment Opportunities: Investors have the flexibility to bid for a minimum of 1200 shares and increase their investment in multiples of this figure. The table below provides details on the minimum and maximum investment options available for both retail investors and High Net Worth Individuals (HNI), including the corresponding number of shares and investment amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹109,200 |
| Retail (Max) | 1 | 1200 | ₹109,200 |
| HNI (Min) | 2 | 2,400 | ₹218,400 |
Shanthala FMCG Products IPO Prospectus
For a comprehensive overview, please refer to Shanthala FMCG Products IPO RHP for detailed insights into this promising investment prospect.
Objects of the Shanthala FMCG Products IPO
The company intends to utilize the Net Proceeds as following
- Funding additional working capital requirements
- General Corporate Purposes
About Shanthala FMCG Products Limited IPO
Established in 1996, our company is a trusted FMCG product distribution firm specializing in the distribution of branded packaged foods, personal care products, education and stationery items, matches, agarbatti, and tobacco products for major FMCG companies. Our mission is to deliver high-quality products at affordable prices, ensuring punctual delivery and customer satisfaction.
In 2007, Shanthala FMCG proudly earned the status of an authorized distributor for ITC, a testament to our commitment to quality and excellence in the industry. We prioritize providing a meaningful shopping experience to our valued customers.
Here are our key competitive strengths:
- FMCG Distribution Expertise: Shanthala stands as a distinguished FMCG distributor for prominent companies in the Indian market, ensuring widespread availability and accessibility of a diverse product range.
- Wide Variety of Products: Our company specializes in the distribution of a wide array of products, including packaged foods, personal care items, educational supplies, matches, agarbatti, and tobacco products, catering to diverse consumer needs.
- Robust Customer Relationships: We take pride in our strong and enduring relationships with customers, built on trust and reliability. Our focus on customer satisfaction has been instrumental in our success.
- Experienced Management Team: Backed by a skilled and knowledgeable management team, we bring years of industry expertise and insight, ensuring the efficient operation and growth of our business.
At Shanthala FMCG, we are dedicated to delivering exceptional service and high-quality products to our customers. Experience the difference with our reliable distribution network and diverse product offerings