Sheetal Universal IPO

Sheetal Universal Limited

₹1,40,000 /2000 sharesMinimum Investment

Sheetal Universal IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹70.00₹75.00₹5.00 (7.14%)

Sheetal Universal IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
4 Dec ‘23 - 6 Dec ‘23₹1,40,0002,000₹70 - ₹70
Issue SizeIPO Doc
23.80Cr
RHP PDF

About Sheetal Universal

Sheetal Universal is engaged in sourcing, processing, and supplying agricultural commodities like peanuts, sesame seeds, spice, and grains. The company focuses on serving manufacturers of peanut butter, biscuits, cakes, chocolates, and various food products. It owns a manufacturing and processing facility located in Gujarat, India, covering an area of approximately 14668 sq mts. With two subsidiaries, Saumesvar International Private Limited and Svar Industries Private Limited, Sheetal Universal's subsidiaries are engaged in processing and exporting agricultural commodities such as oilseeds and grains.;
Parent Organisation
Sheetal Universal Limited
Founded
2015
Managing Director
Mr. Hiren Vallabhbhai Patel

Strengths & Risks

  • Sheetal Universal operates its processing unit near Rajkot, Gujarat, a central hub for peanuts, groundnuts, seeds, sesame, and chickpeas. With a primary focus on exports, the company conducts major shipments through the nearby ports of Mundra, Pipavav, and Kandla.
  • Sheetal Universal gained recognition as a Category One Star Export House from the Ministry of Commerce and Industry in a short period. Later, in May 2023, it became a Two Star Export House.
  • Sheetal Universal is a member of the Agricultural & Processed Food Products Export Development Authority and the Indian Oilseeds & Produce Export Promotion Council.
  • Sheetal Universal’s manufacturing facility is accredited with ISO 22000:2018 certifications for processing various products.
  • In 2018, the company expanded its processing activities to include sesame seeds and spices, incorporating high-tech machinery for cleaning, destoning, gravity separation, and color sorting.
  • Over the years, Sheetal Universal has established a customer base in various countries, supplying products to Russia, Indonesia, Malaysia, Vietnam, UAE, Iran, Algeria, Israel, Turkey, and Egypt.
  • The company ventured into peanut processing in 2017, building its processing line for cleaning, destoning, decodication, airlock cleaning, gravity separation, color sorting, and grading. Currently, the production unit is certified for exporting peanuts to the European Union for both bird feed and human consumption.
  • The company's operations heavily rely on a stable supply of raw materials, including oil seeds, spices, and grains. Unfavorable local weather conditions can disrupt the availability of these raw materials, posing a potential risk to the company's operations.
  • A substantial portion of Sheetal Universal's revenue comes from its oil seeds business segment. Any decrease in the production of these products could negatively impact the company's business, financial condition, and overall operational results.
  • The company faces a concentration risk in its customer base, with a few large customers contributing significantly to its sales. The loss of any of these key customers could have a detrimental effect on both revenue and profitability.
  • Sheetal Universal's dependency on a limited number of suppliers poses a risk. The loss of any major supplier could impact the cost of raw materials and, consequently, the company's profitability.
  • Legal uncertainties add to the company's risk profile, as Sheetal Universal is involved in pending legal proceedings at various levels of adjudication before different authorities.
  • The company experienced negative cash flow in its operating activities in previous years. Negative cash flow could hinder the company's growth and overall business prospects.
  • Some subsidiaries of Sheetal Universal incurred losses in past fiscal years, raising concerns about future financial performance and potential reputational impact.
  • As of August 31, 2023, the company holds an outstanding debt of ₹1463.22 Lakhs, as per consolidated restated financials. Additionally, Sheetal Universal has unsecured loans amounting to ₹113.17 lakhs from lenders, repayable on demand, and ₹172.78 Lakhs from banks. These financial obligations present additional challenges and financial risks for the company.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular70 - 70₹2 Lakh
High Networth Individual70 - 70₹2 - 5 Lakh
For Sheetal Universal IPO, eligible investors can apply as Regular.
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