{"id":4660,"date":"2023-10-28T10:14:35","date_gmt":"2023-10-28T04:44:35","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=4660"},"modified":"2024-08-27T10:05:27","modified_gmt":"2024-08-27T04:35:27","slug":"ipo-shanthala-fmcg-products-limited","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/ipo-shanthala-fmcg-products-limited\/","title":{"rendered":"IPO : Shanthala FMCG Products Limited"},"content":{"rendered":"

Shanthala FMCG Products Limited IPO<\/h1>\n
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Shanthala FMCG Products Limited is a company that truly cares about its customers. Since its inception in 1996, the company has been committed to providing quality products at affordable prices, with timely delivery and service. This dedication to customer satisfaction is what has led to the company\u2019s success over the last two decades.<\/p>\n<\/div>\n<\/div>\n

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One of the key milestones for Shanthala was becoming an authorized distributor for ITC in 2007. This partnership has allowed Shanthala to offer even more high-quality products to its customers, and has helped to establish the company as a trusted distributor in the region.<\/p>\n<\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n
\u00a0SYMBOL<\/strong><\/td>\nSHANTHALA<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE TYPE<\/strong><\/td>\nFixed Price Issue IPO<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE OPENS ON<\/strong><\/td>\nOctober 27, 2023 (Friday)<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE CLOSES ON<\/strong><\/td>\nOctober 31, 2023 (Tuesday)<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE PRICE<\/strong><\/td>\nRs.91 per share<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE SIZE<\/strong><\/td>\nUp to Rs.16.07 Crores<\/strong><\/td>\n<\/tr>\n
\u00a0FACE VALUE<\/strong><\/td>\nRs.10 per share<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Shanthala FMCG Products IPO is a fixed price issue of Rs 16.07 crores. The issue is entirely a fresh issue of 17.66 lakh shares.<\/p>\n

Shanthala FMCG Products IPO bidding opened for subscription on October 27, 2023 and will close on October 31, 2023. The allotment for the Shanthala FMCG Products IPO is expected to be finalized on Friday, November 3, 2023. Shanthala FMCG Products IPO will list on NSE SME with tentative listing date fixed as Wednesday, November 8, 2023.<\/p>\n

Shanthala FMCG Products IPO price is \u20b991 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is \u20b9109,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to \u20b9218,400.<\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0MINIMUM BID<\/strong><\/td>\n1200 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MINIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.1,09,200<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM BID<\/strong><\/td>\n1200 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.1,09,200<\/strong><\/td>\n<\/tr>\n
\u00a0PROMOTER HOLDING<\/strong><\/td>\n57.019 % (Post-issue)<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING DATE<\/strong><\/td>\nNovember 8,2023 (Wednesday)<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING AT<\/strong><\/td>\nNSE-SME<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

First Overseas Capital Limited\u00a0is the book running lead manager of the Shanthala FMCG Products IPO, while\u00a0Bigshare Services Pvt Ltd\u00a0is the registrar for the issue. The market maker for Shanthala FMCG Products IPO is\u00a0Bhh Securities.<\/p>\n

Refer to\u00a0Shanthala FMCG Products IPO RHP\u00a0for detailed information.<\/p>\n

Objects of the Issue (Shanthala FMCG Products IPO Objectives)<\/h2>\n

The company intends\u00a0to utilize\u00a0the Net Proceeds as following<\/p>\n

1. Funding additional working capital requirements<\/p>\n

2. General Corporate Purposes<\/p>\n