Shanthala FMCG Products Limited IPO: Bid Dates, Issue Size, Listing Date, Financials

Shanthala IPO: The Shanthala FMCG Products Limited IPO has generated significant interest in the investment community. As an established FMCG product distribution company, Shanthala has made a name for itself by distributing a wide range of branded packaged foods, personal care products, education and stationery items, matches, agarbatti, and tobacco products to large FMCG companies. This IPO offers investors a chance to be part of Shanthala’s growth story. In this blog, we will delve into the details of the Shanthala FMCG Products IPO, its company profile, competitive strengths, and the objectives behind the IPO.

See Also: Shanthala IPO GMP

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Shanthala FMCG Products IPO Details

Shanthala FMCG Products Limited is set to issue 1,766,400 shares in a fixed price IPO at ₹91 per share, with a total issue size aggregating up to ₹16.07 crores. The IPO opens for subscription on October 27, 2023, and closes on October 31, 2023. The allotment is expected to be finalized on November 3, 2023, and the company will list on NSE SME on November 8, 2023. The minimum lot size for an application is 1200 shares, with a minimum investment of ₹109,200 for retail investors. HNIs, on the other hand, can invest a minimum of ₹218,400.

Below is a summary of the key Shanthala IPO details:

IPO NameShanthala IPO
IPO DateOctober 27, 2023 – October 31, 2023
Listing DateNovember 8, 2023
Face Value₹10 per share
Price₹91 per share
Lot Size1200 Shares
Total Issue Size1,766,400 shares (₹16.07 Cr)
Fresh Issue1,766,400 shares
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Shareholding Pre-Issue4,931,664
Shareholding Post-Issue6,698,064
Market Maker portion88,800 shares

See Also: IPO Subscription Status Today

Shanthala FMCG Products IPO Lot Size

Investors have the flexibility to bid for a minimum of 1200 shares and in multiples thereof. The table below outlines the minimum and maximum investment requirements for both retail investors and HNIs:

ApplicationLotsSharesAmount
Retail (Min)11200₹109,200
Retail (Max)11200₹109,200
HNI (Min)22400₹218,400

Shanthala Company Overview

Shanthala FMCG Products Limited, incorporated in 1996, has established itself as a reliable FMCG product distribution company. The company specializes in distributing branded packaged foods, personal care products, education and stationery items, matches, agarbatti, and tobacco products to prominent FMCG companies. Shanthala’s primary goal is to offer high-quality products at reasonable prices with a commitment to on-time delivery.

In 2007, Shanthala FMCG became an authorized distributor for ITC, one of India’s leading FMCG companies. This association further cemented Shanthala’s reputation in the industry. The company’s focus on delivering a meaningful shopping experience to its customers has been a key driver of its success.

Shanthala IPO Competitive Strengths

Shanthala FMCG Products Limited boasts several competitive strengths that have contributed to its growth and success:

  1. FMCG Distribution Expertise: The company serves as an FMCG distributor for large-sized FMCG companies in India, showcasing its industry expertise and trustworthiness.
  2. Diverse Product Portfolio: Shanthala is engaged in the distribution of a wide variety of products, ranging from food items to personal care and more. This diversification minimizes risk and offers growth opportunities.
  3. Strong Customer Relationships: The company has established strong, long-term relationships with customers, which enhances its reliability and customer retention.
  4. Experienced Management Team: Shanthala is led by an experienced management team with deep domain knowledge. Their leadership has played a pivotal role in the company’s growth.

Shanthala Limited IPO Financial Information

Shanthala FMCG Products Limited witnessed a substantial growth in its revenue, with a notable increase of 25.28% in the financial year ending on March 31, 2023, compared to the corresponding period ending on March 31, 2022. Furthermore, the company’s profit after tax (PAT) surged impressively by 292.26% during the same time frame.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets827.32657.21615.79569.67
Revenue1,585.584,077.253,254.573,955.67
Profit After Tax10.1517.734.5214.41
Net Worth549.32143.22125.49120.97
Reserves and Surplus56.1593.2275.4970.97
Amount in ₹ Lakhs

Shanthala IPO Financial Graph:

Shanthala IPO Financial Graph Data Charts

Objectives of the Shanthala FMCG Products IPO

The funds raised through the IPO will be allocated as follows:

  1. Funding Additional Working Capital Requirements: Shanthala FMCG Products Limited plans to utilize a portion of the net proceeds to support its working capital needs, ensuring smooth operations and growth.
  2. General Corporate Purposes: The company will use the remaining funds for general corporate purposes, which could include expanding its distribution network, marketing efforts, and other strategic initiatives.
Shanthala IPO

Shanthala IPO Registrar and Lead Manager

For investors looking to participate in the Shanthala FMCG Products IPO, the registrar for the IPO is Bigshare Services Pvt Ltd. You can contact them at +91-22-6263 8200 or via email at [email protected]. More information can be found on their website at https://ipo.bigshareonline.com/ipo_status.html.

First Overseas Capital Limited is the lead manager for the IPO and will oversee the overall process, ensuring a successful launch.

In conclusion, the Shanthala FMCG Products Limited IPO presents a unique investment opportunity in the FMCG distribution sector. With a strong track record and diverse product portfolio, the company is well-positioned for future growth. Potential investors should carefully evaluate their investment decisions, considering the company’s competitive strengths, objectives, and the dynamics of the FMCG industry. Always consult with financial advisors and conduct thorough due diligence before participating in any IPO.

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