• By Goodwill
  • October 28, 2023

IPO : Shanthala FMCG Products Limited

 ISSUE TYPE Fixed Price Issue IPO
 ISSUE OPENS ON October 27, 2023 (Friday)
 ISSUE CLOSES ON October 31, 2023 (Tuesday)
 ISSUE PRICE Rs.91 per share
 ISSUE SIZE Up to Rs.16.07 Crores
 FACE VALUE Rs.10 per share

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.

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.

Shanthala FMCG Products IPO price is ₹91 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹109,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹218,400.

 MINIMUM BID 1200 shares
 MINIMUM AMOUNT  Rs.1,09,200
 MAXIMUM BID 1200 shares
 MAXIMUM AMOUNT  Rs.1,09,200
 PROMOTER HOLDING 57.019 % (Post-issue)
 LISTING DATE November 8,2023 (Wednesday)

First Overseas Capital Limited is the book running lead manager of the Shanthala FMCG Products IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Shanthala FMCG Products IPO is Bhh Securities.

Refer to Shanthala FMCG Products IPO RHP for detailed information.

Objects of the Issue (Shanthala FMCG Products IPO Objectives)

The company intends to utilize the Net Proceeds as following

1. Funding additional working capital requirements

2. General Corporate Purposes

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