Sheetal Universal Limited IPO: Date, Price, Allotment, Best Details 2023

Sheetal Universal Limited IPO:

SUL is a well-known producer of PP and HDPE woven sacks with a widespread presence throughout India. The business has produced good margins and has a proven track record of profitability.

Numerous industries, including as construction, agriculture, and food packaging, employ SUL’s goods. Leading domestic and international corporations are among the company’s many satisfied clients.

IPO Details:

IPO Date: December 4, 2023

IPO Close Date: December 6, 2023

Issue Price: ₹70 per share

Lot Size: 1600 shares

Minimum Investment: ₹112000

Listing Date: Tentatively December 11, 2023

Through the IPO, the business is offering 33,33,333 shares, for a total issue size of ₹233,33,331. The price of each share in the initial public offering (IPO) is fixed at ₹70. A minimum of ₹112000 can be invested.

IPO Allotment Details

On December 7, 2023, the shares allocated for the Sheetal Universal Limited first public offering will be finalised. By December 8, 2023, the assigned shares will be credited to the demat accounts of the successful applicants.

On December 11, 2023, the shares are anticipated to be listed on the NSE SME platform.

IPO GMP( Grey Market Premium)

There is now a high investor enthusiasm for the Sheetal Universal Limited IPO, as evidenced by the grey market premium (GMP) of ₹5 per share. The price at which a company’s shares are trading on the black market prior to the IPO being listed is known as the GMP.

Conclusion

For investors looking to invest in a business with a proven track record of profitability, a commanding market position, and promising development prospects, the Sheetal Universal Limited IPO is an intriguing option.

The IPO is reasonably priced and provides exposure to the expanding markets for HDPE and polypropylene woven sacks.