Shanthala IPO GMP: Shanthala FMCG Products Limited IPO Grey Market Premium (GMP) Analysis

The IPO market in India is known for its dynamic and often unpredictable nature. As investors eagerly anticipate new offerings, one of the key indicators that captures their attention is the Grey Market Premium (GMP). Shanthala FMCG Products Limited, a company established in 2014 and engaged in the distribution of Fast-Moving Consumer Goods (FMCG) products, is set to launch its IPO on the NSE Emerge platform. This blog delves into the Shanthala FMCG Products IPO GMP, offering insights into the IPO, its GMP, and the company behind it.

Understanding Shanthala FMCG Products IPO

Shanthala FMCG Products Limited’s initial public offering is a Small and Medium-sized Enterprise (SME) IPO that is exclusively available for subscription from October 27, 2023, to October 31, 2023. The IPO comprises 100% fresh issue, with a total size of Rs 16.07 Crores. Each share has a face value of Rs 10, and to apply for this SME IPO, investors must purchase at least one lot of a minimum of 1200 shares or its multiples. The fixed price for each share in this IPO is Rs 91.

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See Also: All IPO GMP Today

Shanthala IPO GMP

The Shanthala IPO GMP today, or grey market premium today, is ₹0 per share, as per market observers. This means that the company’s shares are trading at par with their issue price, without any premium or discount, in the grey market.

[Last Updated: 03-Nov-2023; 10:33] Here’s a summary of Shanthala FMCG Products IPO GMP Price data:

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
03-11-2023₹91₹91 (0%)
02-11-2023₹91₹91 (0%)
01-11-2023₹91₹91 (0%)
31-10-2023₹91₹91 (0%)
30-10-2023₹91₹91 (0%)
29-10-2023₹91₹91 (0%)
28-10-2023₹91₹91 (0%)
27-10-2023₹91₹91 (0%)
26-10-2023₹91₹91 (0%)
25-10-2023₹91₹91 (0%)
24-10-2023₹91₹91 (0%)
23-10-2023₹91₹91 (0%)

See Also: Upcoming IPO List

IPO Grey Market Premium (GMP) Explained

The Grey Market Premium (GMP) is the price at which an IPO is traded in an unofficial and unregulated grey market before its official listing on the stock exchange. The GMP serves as a gauge of market sentiment and provides insight into how investors perceive the IPO’s potential performance on the listing day.

  • A positive GMP indicates that the IPO is likely to debut at a profit, implying strong demand.
  • A negative GMP suggests that the IPO may list at a discount, indicating lower interest from investors.

However, it’s essential to understand that the GMP can be highly volatile and speculative. Basing investment decisions solely on GMP can be risky. It’s crucial to consider all factors, conduct thorough research, and consult with financial experts before investing in any IPO, including Shanthala FMCG Products Limited.

About Shanthala FMCG Products Limited

Shanthala FMCG Products Limited, established in 2014, operates in the FMCG sector. The company’s core business involves the distribution of FMCG products for major FMCG companies in India. Their distribution portfolio includes branded packaged food products, personal care products, educational and stationery products, matches and agarbatti, and tobacco products.

The company is also a distributor for one of India’s largest FMCG Multinational Corporations (MNC). For this MNC, Shanthala FMCG Products Limited distributes a range of products, including branded beauty and wellness items, nutrition products, personal care products, and home care products. Additionally, the company distributes oil, sugar, and atta under the brand name “Sunpure” for M. K. Agrotech Pvt. Ltd.

Shanthala FMCG Products Limited primarily operates in the Coorg district of Karnataka. Their presence in this region, where customers are dispersed over a vast area, positions them as a valuable asset for large consumer companies. Their extensive experience in this region, spanning over two decades, equips them with an intimate understanding of their customers’ needs, making them indispensable to FMCG manufacturers.

Shanthala FMCG Products IPO Important Dates

The Shanthala FMCG Products IPO is scheduled as follows:

  • SME IPO Open Date: October 27, 2023
  • SME IPO Close Date: October 31, 2023
  • Basis of Allotment Finalization Date: November 3, 2023
  • Refunds Initiation: November 6, 2023
  • Credit of Shares to Demat Account: November 7, 2023
  • SME IPO Listing Date: November 8, 2023

Conclusion

The Shanthala FMCG Products Limited IPO is an exciting opportunity for investors to participate in the Indian SME market. The GMP, while currently at par with the issue price, is subject to change as the IPO date approaches. To make an informed investment decision, it’s essential to consider all available information, conduct due diligence, and consult with financial experts.

The company’s strong presence in the FMCG sector, especially in the Coorg district of Karnataka, underscores its potential as a valuable partner for major FMCG manufacturers. As the IPO date approaches, investors will closely watch the GMP and other market indicators to determine the potential for profit on the listing day. Remember, investing in IPOs carries risks, and it’s crucial to make well-informed decisions to navigate the dynamic IPO market successfully.

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