About the Company:
Sheetal Cool Products ltd is currently involved in producing and processing of milk and milk products, snacks and bakery items.
Company sells their products under the brand name “Sheetal” to a number of distributors and super stockists.
Currently, Company has a manufacturing unit spread over an area measuring around 5314.66 square meters(approximately) at Amreli, Gujarat.
Apart from Gujarat ,they also have presence in states like Rajasthan and Maharashtra.
Company’s wide range of products include:
- Milk and Milk products : Company’s milk and milk portfolio of products comprises of ice cream, pasteurized milk,flavoured milk, yoghurt, lassi, chaas, sweets and many more.
- Snacks : Snacks portfolio of products comprises of potato chips, banana chips, extruded snacks (fryums), other namkeen including bhujia, salted peanuts, salted pulses and many more.
- Bakery : Bakery portfolio of products comprises of variety of breads, pav, khari, cake and many more.
Management Team:
- Mr.Bhupatbhai D. Bhuva (Designation: Managing Director)
- Mr.Sanjay D. Bhuva (Designation: Whole-time Director)
- Mr.Dinesh Kumar D. Bhuva (Designation: Whole-time Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Bhupatbhai D Bhuva | 217,200 | 9.54 |
| Dineshkumar D Bhuva | 848,550 | 7.68 |
| Sanjay D Bhuva | 18,15,450 | 7.39 |
| Naynaben B Bhuva | 6,68,250 | 9.85 |
| Kajalben D Bhuva | 7,40,850 | 9.70 |
| Asmitaben S Bhuva | 5,35,950 | 9.55 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake |
|---|---|---|
| Promoters | ||
| Bhupatbhai D Bhuva | 2.90 | 2.07 |
| Dineshkumar D Bhuva | 11.31 | 8.08 |
| Sanjay D Bhuva | 24.21 | 17.29 |
| Naynaben B Bhuva | 8.91 | 6.36 |
| Kajalben D Bhuva | 9.88 | 7.06 |
| Asmitaben S Bhuva | 7.15 | 5.10 |
| Promoter Group | 6.75 | 4.82 |
| Total | 71.10% | 50.78% |
| Company Contact Info: |
|---|
| Sheetal Cool Products Ltd G I D C, Plot No. 78-79-80, Amreli-365601, Gujarat, India Tel: + 91-279-2240501 E-mail: sheetalicecream@ymail.com Website: www.sheetalicecream.com |
| IPO Registrar Info: |
|---|
| KARVY COMPUTERSHARE PRIVATE LIMITED Karvy Selenium Tower B, Plot 31-32, Gachibowli Financial District, Nanakramguda, Hyderabad – 500 032, Tel. No.: +91-40-67162222; Fax No.: +91-40-23431551 E-mail: einward.ris@karvy.com; Investor grievance email: scpl.ipo@karvy.com Website: www.karisma.karvy.com; Contact Person: Mr. M Murli Krishna |
| Lead Manager to the Issue: |
|---|
| GUINESS CORPORATE ADVISORS PRIVATE LIMITED 18 Deshapriya Park Road, Kolkata – 700 026, West Bengal, India Tel: +91-33-3001 5555; Fax: +91-33-3001 5531 Email:gcapl@guinessgroup.net Investor Grievance Email: gcapl.mbd@guinessgroup.net Website:www.guinessonline.net; Contact Person: Alka Mishra / Mohit Baid |
| Check IPO Allotment Status: |
|---|
Karvy Websitehttp://kosmic.karvy.com:81/ipotrack/ |
Objectives of the Issue:
- To purchase additional plant & machineries at the existing manufacturing facility at Amreli, Gujarat.
- Funding of working capital requirements of the Company
- General Corporate Expenses
- Issue Expenses
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| To purchase additional plant & machineries at the existing manufacturing facility at Amreli, Gujarat | 14.6 |
| Working capital requirements of the Company | 4.0 |
| General Corporate Expenses | 5.0 |
| Issue Expenses | 0.4 |
| Net Proceeds | 24.00 |
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 |
|---|---|---|---|---|---|
| Revenue | 6.44 | 44.9 | 125.28 | 154.62 | 49.35 |
| Net Profit | (-0.96) | 0.12 | 1.96 | 2.05 | 0.85 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Sheetal Cool Products Limited | 10 | 4.12 | 19.43 | 25.15 | 16.37 |
| Prabhat Diary Limited | 10 | 2.82 | 47.80 | 4.90 | 57.06 |
| Hatsun Agro Product Limited | 1 | 8.80 | 77.08 | 38.59 | 22.81 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 16th October 2017 |
| Issue Closes on:. | 18th October 2017 |
| Issue Price | Rs.80 |
| Face Value | Rs.10 |
| Minimum Lot | 1600 |
| Minimum Investment | Rs.1,28,000 |
| Issue Constitutes | 28.57% |
| Issue Size | Rs.24 cr |
| Market Cap | Rs.84 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh issue) | 30,00,000 |
| Equity Shares Prior | 75,00,000 |
| Equity Shares after the issue | 1,05,00,000 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 4.12 | 19.42 | 25.15% | 16.37 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Subscribe | Listing Gain | 20% |
