IPO Issue Details
Issue Price / Price Band₹80 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size30,00,000 shares (aggregating up to ₹24.00 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 16 Oct 2017
Subscription CloseWed, 18 Oct 2017
Anchor AllotmentSun, 15 Oct 2017
Basis of AllotmentTue, 24 Oct 2017
Initiation of RefundsWed, 25 Oct 2017
Credit of Shares to DematWed, 25 Oct 2017
Listing DateMon, 30 Oct 2017
UPI Mandate Deadline2017-10-18
Application & Investment Details
Retail — Min (1 Lots)128000 — 1600 shares
Retail — Max (13 Lots)₹1,664,000 (13 Lots)
HNI — Min (2 Lots)256000 — 3200 shares
Net Offer to Public28,32,000 shares (aggregating up to ₹22.66 Cr)
Reserved for Market Maker1,68,000 shares (aggregating up to ₹1.34 Cr)
Pre-IPO Promoter Holding75,00,000 shares
Post-IPO Promoter Holding1,05,00,000 shares
About Sheetal Cool Products Ltd.
Incorporated in 2000, Sheetal Cool Products Ltd is Gujrat based company involved in producing and processing of milk and milk products, snacks and bakery items. The product involve Ice-cream, milk & milk products, mango ras, lassi, curd, flavoured milk, masko, wafers, namkeen, fryums and bakery products. Company sells its product under the brand name 'Sheetal'.Company has its manufacturing unit located at Amreli, Gujarat. Company has 22 employees (including skilled, semi-skilled) and 275 personnel on contract basis.
Objects of the Issue
Sheetal Cool Products Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To purchase additional plant & machineries at the existing manufacturing facility at Amreli, Gujarat
14.60
2
Funding of working capital requirements of the Company
4.00
3
General Corporate Expenses
5.00
Shareholding & Lock-in
Pre-IPO Promoter Holding
75,00,000 shares
Post-IPO Promoter Holding
1,05,00,000 shares