Sheetal Universal IPO GMP

The Sheetal Universal IPO has been creating quite a buzz in the financial markets. With its impressive financial performance and promising prospects, many investors are keeping a keen eye on this initial public offering. One of the factors that investors often look at is the Grey Market Premium (GMP) to gauge market sentiment and potential listing performance. In this blog, we will delve into the details of Sheetal Universal IPO, its GMP, and the company’s background to help you make an informed investment decision.

Understanding Sheetal Universal IPO

The Sheetal Universal IPO is a fixed price issue consisting of 34 lakh shares, and it’s an entirely fresh issue. Fresh issues refer to the issuance of new shares, which means the company will raise capital by selling these shares to the public. The financial performance of Sheetal Universal Limited has been remarkable, with revenue increasing by a staggering 230.49% and profit after tax (PAT) rising by an astounding 602.4% between the financial years ending on March 31, 2023, and March 31, 2022.

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Sheetal Universal IPO GMP

[Last Updated: 11-Dec-2023; 10:05] Here are the recent Sheetal Universal IPO GMP trends:

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
11-12-2023₹70₹913700₹79 (12.86%)
10-12-2023₹70₹913700₹79 (12.86%)
09-12-2023₹70₹1116700₹81 (15.71%)
08-12-2023₹70₹1319800₹83 (18.57%)
07-12-2023₹70₹1218200₹82 (17.14%)
06-12-2023₹70₹1319800₹83 (18.57%)
05-12-2023₹70₹1218200₹82 (17.14%)
04-12-2023₹70₹1116700₹81 (15.71%)
03-12-2023₹70₹1218200₹82 (17.14%)
02-12-2023₹70₹913700₹79 (12.86%)
01-12-2023₹70₹710600₹77 (10.00%)
30-11-2023₹70₹710600₹77 (10.00%)
29-11-2023₹70₹710600₹77 (10.00%)
28-11-2023₹0₹ (0%)
27-11-2023₹0₹ (0%)
26-11-2023₹0₹ (0%)
25-11-2023₹0₹ (0%)
24-11-2023₹0₹ (0%)
23-11-2023₹0₹ (0%)
22-11-2023₹0₹ (0%)

IPO grey market premium

The Grey Market Premium (GMP) for the Sheetal Universal IPO is a topic of great interest among investors. The GMP reflects the price at which an IPO is traded in an unofficial or unregulated grey market before its official listing on the stock exchange. It’s a market-driven indicator that provides insights into how the IPO is expected to perform on the day of its listing.

It’s crucial to note that GMP can be highly volatile and is influenced by market sentiment, demand, and various other factors. Investing solely based on GMP is risky. Therefore, investors should consider all relevant factors and make well-informed investment decisions regarding Sheetal Universal SME IPO.

About Sheetal Universal Limited

Sheetal Universal Limited, established in 2015, is primarily engaged in sourcing, processing, and supplying agricultural commodities, including peanuts, sesame seeds, spices, and grains. These products cater to manufacturers in various sectors, such as peanut butter, biscuits, cakes, chocolate, and other food products.

The company’s product range includes spices, peanuts, sesame seeds, pulses, and various other agro-products. Sheetal Universal owns a manufacturing and processing unit located in Jamnagar, Gujarat, spread across an extensive land area of approximately 14,668 square meters. This manufacturing unit is certified with FSSAI-2006 by the Government of India. Additionally, the company is a member of the Agricultural & Processed Food Products Export Development Authority and the Indian Oil Seeds & Produce Export Promotion Council.

Sheetal Universal also has two subsidiaries, Saumesvar International Private Limited and Svar Industries Private Limited, which are involved in the processing and export of agri-commodities, including oil seeds and grains.

The company’s client base is not limited to the domestic market; it extends to international clients in the Russian Federation, Indonesia, Malaysia, Vietnam, UAE, Iran, Algeria, Israel, Turkey, and Egypt.

Competitive Strengths of Sheetal Universal Limited

Sheetal Universal’s competitive strength lies in the following key aspects:

  1. Advantageous Geographical Location: The company’s strategic location in Jamnagar, Gujarat, enhances its access to agricultural resources and transportation, facilitating its operations.
  2. Experienced Promoters and Management Team: A competent and skilled leadership team plays a crucial role in the company’s growth and success.
  3. Diversified Customer Base: Sheetal Universal boasts a wide and diverse clientele, including international customers, which reduces dependency on any single market.
  4. On-Time Delivery of Products: Timely delivery of quality products is crucial in the agro-commodity business, and Sheetal Universal has a track record of fulfilling this requirement.
  5. Scalable Business Model: The scalability of the company’s business model allows for potential expansion and growth in the future.
Sheetal Universal IPO

In conclusion, the Sheetal Universal IPO has garnered substantial attention due to its strong financial performance and promising future prospects. The GMP serves as a market sentiment indicator but should not be the sole basis for investment decisions. It’s essential to conduct thorough research and consider various factors before making an investment in the Sheetal Universal SME IPO. As with any investment, diversification and prudent decision-making are key to success in the stock market.

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Disclaimer: The information provided on this website is for informational purposes only and should not be construed as financial or investment advice. Users are advised to do their own research and consult a qualified financial advisor before making any investment decisions.
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