Sheetal Cool Products IPO
Sheetal Cool Products Ltd is a Gujarat based company which is currently involved in production of milk and processing of milk products. Apart from this, Sheetal Cool Products is also involved in production of snacks, Ice-cream, mango ras, lassi, curd, flavored milk, wafers, namkeens and bakery products. The company was incorporated in the year 2000. The company sells all its products under brand name Sheetal. Comapny sell its products to mainly distributors and super stockist. Sheetal Cool Products IPO is coming on 16 October 2007. The issue size is 24 Crores. Well, just like Kaarya Facilities IPO it is small as Sheetal Cool Products Limited also belongs to small-medium enterprise category.
Sheetal Cool Products manufacturing is in state of Gujarat. It is spread over the area of 5314.66 square meters at Amreli in Gujarat. The registered office of the company is also located in Gujarat. The unit is completely automated for smoothing the manufacturing process. Till date company has 22 employees and 275 personnel on contract basis.
Objective of Issue
Following are the objectives of the issue –
- For the purchase of additional machinery and equipment at Amreli facility.
- To fund the working capital requirements of the company.
- To fund general corporation expenses.
- For financing issue expenses.
Bhupatbhai D Bhuva, Dinesh Kumar D Bhuva, Sanjay D Bhuva, Naynaben B Bhuva, Kajalben D Bhuva and Asmitaben S Bhuva are the promoters of the company.
Sheetal Cool Products Ltd – Company Financials
This is the summary of Sheetal Cool Products Ltd. financial information of the last 4 years in consolidated form:
|Particulars||For the year/period ended (in Rs. crores)|
|Profit After Tax (PAT)||2.06||1.96||0.13||-0.96|
Sheetal Cool Products Ltd Issue Details
- IPO Open Date – 16 Oct 2017 – 18 Oct 2017
- Issue Size – 3,000,000 Equity Shares of Rs 10 amounting to Rs. 24 Cr
- Face Value – Rs 10 per equity share
- Issue Price – Rs 80 per equity share
- Lot size –
- Minimum order quantity –
- Listing Stock exchanges – BSE and SME
Sheetal Cool Products IPO Important Dates:
- IPO Opens on – 16 October 2017
- IPO Closes on – 18 October 2017
- Allotment of shares –
- Refund process starts on –
- Transfer of equity shares to Demat Account –
- Listing of Sheetal Cool Products IPO shares on exchanges –
- Trading of shares starts on –