Are you a stock market enthusiast always on the lookout for promising IPOs? Let’s delve into the Sheetal Universal IPO, a company that specializes in producing edible items from agricultural products like peanuts, grains, and spices, crafting delights such as peanut butter, biscuits, cakes, chocolates, and more.
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Sheetal Universal IPO: Key Details
Sheetal Universal IPO Details:
This exciting IPO is set to open for investment from December 4, 2023, until December 6, 2023. The anticipated share price stands around Rs 70 per share, requiring a minimum investment of approximately Rs 1,40,000 for a lot of 2000 shares. Post the IPO, the company’s shares will be listed on both the NSE and BSE markets by December 11, 2023.
Key Parameters:
- Issue Type: Fixed Price Issue
- Issue Size: Rs 23.80 crores
- Fresh Issue: 34 lakh shares
- IPO Opening Date: December 4, 2023
- IPO Closing Date: December 6, 2023
- Allotment Date: Expected on December 7, 2023
- Listing Date: December 11, 2023 is the tentative date.
- Listing Exchange: NSE SME
- IPO Price: ₹70 per share
- Minimum Lot Size: 2000 shares
- Minimum Investment (Retail): ₹140,000
- Minimum Investment (HNI): 2 lots (4,000 shares) amounting to ₹280,000
Sheetal Universal IPO Financial Report:
Let’s dive into the financials of Sheetal Universal:
- The variables are Year, Revenue (in crores), Expense (in crores), and Profit After Tax (PAT) (in crores).
- 2021 | ₹38.84 | ₹38.52 | ₹0.25
- 2022 | ₹39.84 | ₹39.42 | ₹0.28
- 2023 | ₹131.66 | ₹128.88 | ₹1.99
How to Invest in the IPO?
For those unfamiliar with IPO investments, firstly, you’ll need a demat account. You can easily open one online with trusted stock brokers like Zerada or Up Stox. Once your demat account is set up, navigate to your stock broker’s application, locate the IPO section, and invest in the open IPO of your choice.
Investing in the stock market carries risks, so it’s wise to seek advice before diving in. This article aims to provide information only.
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