IPO : Shanthala FMCG Products Limited
Shanthala FMCG Products Limited IPO
Shanthala FMCG Products Limited is a company that truly cares about its customers. Since its inception in 1996, the company has been committed to providing quality products at affordable prices, with timely delivery and service. This dedication to customer satisfaction is what has led to the company’s success over the last two decades.
One of the key milestones for Shanthala was becoming an authorized distributor for ITC in 2007. This partnership has allowed Shanthala to offer even more high-quality products to its customers, and has helped to establish the company as a trusted distributor in the region.
| SYMBOL | SHANTHALA |
| ISSUE TYPE | Fixed Price Issue IPO |
| ISSUE OPENS ON | October 27, 2023 (Friday) |
| ISSUE CLOSES ON | October 31, 2023 (Tuesday) |
| ISSUE PRICE | Rs.91 per share |
| ISSUE SIZE | Up to Rs.16.07 Crores |
| FACE VALUE | Rs.10 per share |
Shanthala FMCG Products IPO is a fixed price issue of Rs 16.07 crores. The issue is entirely a fresh issue of 17.66 lakh shares.
Shanthala FMCG Products IPO bidding opened for subscription on October 27, 2023 and will close on October 31, 2023. The allotment for the Shanthala FMCG Products IPO is expected to be finalized on Friday, November 3, 2023. Shanthala FMCG Products IPO will list on NSE SME with tentative listing date fixed as Wednesday, November 8, 2023.
Shanthala FMCG Products IPO price is ₹91 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹109,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹218,400.
| MINIMUM BID | 1200 shares |
| MINIMUM AMOUNT | Rs.1,09,200 |
| MAXIMUM BID | 1200 shares |
| MAXIMUM AMOUNT | Rs.1,09,200 |
| PROMOTER HOLDING | 57.019 % (Post-issue) |
| LISTING DATE | November 8,2023 (Wednesday) |
| LISTING AT | NSE-SME |
First Overseas Capital Limited is the book running lead manager of the Shanthala FMCG Products IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Shanthala FMCG Products IPO is Bhh Securities.
Refer to Shanthala FMCG Products IPO RHP for detailed information.
Objects of the Issue (Shanthala FMCG Products IPO Objectives)
The company intends to utilize the Net Proceeds as following
1. Funding additional working capital requirements
2. General Corporate Purposes
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