About Sheetal Universal Limited
Sheetal Universal is launching its IPO. The opens for subscription on 4th December and will close on 6th December 2023.
Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on listing.
What does Sheetal Universal Limited do?
Incorporated in 2015, Sheetal Universal is engaged in the business of sourcing, processing, and supply in agricultural commodities like peanuts, sesame seeds, spice,s and grains to cater the manufacturers of peanut butter, biscuits, cakes, chocolate, and food products.
They are recognized as Category One Star Export House Exporter by the Ministry of Commerce and Industry due to their performance in exports.
Their manufacturing facility is accredited with ISO 22000:2018 certifications for the processing of groundnut, groundnut kernels, sesame seeds, and whole & ground spices. They are also a member of the Agricultural &Processed Food Products Export Development Authority and Indian Oil Seeds& Produce Export Promotion Council.
Currently, their production unit is certified for the export of Peanuts to EU (European Union) suitable for Bird Feed and human consumption. In the year 2018, they started processing sesame seeds and spices and added high-tech machinery for cleaning, destoning gravity separators, and color sorting. The Company supplies products to the Russian Federation, Indonesia, Malaysia, Vietnam, UAE, Iran, Algeria, Israel, Turkey, and Egypt.
Schedule of Sheetal Universal Limited IPO
| Issue Period | 4th December to 6th December 2023 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | December 7, 2023 |
| Initiation of Refunds | December 8, 2023 |
| Credit of Shares | December 8, 2023 |
| Date of Listing | December 11, 2023 |
| Mandate end date | December 21, 2023 |
| Anchor Investors Lock-In End Date (50% of the investment) | January 6, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | March 6, 2024 |
How to apply to the Sheetal Universal Limited IPO?
You can apply for the Sheetal Universal Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for Sheetal Universal Limited IPO?
You can check the allotment status for the Sheetal Universal Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.