Sheetal Cool Products Ltd is a Gujarat-based company established in 2000, which focuses on the production and processing of milk and milk products, snacks, and bakery items. The company’s product line includes a range of items such as ice-cream, milk, mango ras, lassi, curd, flavoured milk, masko, wafers, namkeen, fryums, and bakery products. All of these products are sold under the brand name ‘Sheetal’.
The manufacturing unit of the company is situated in Amreli, Gujarat. The company has a team of 22 employees, including skilled and semi-skilled workers, and 275 personnel on a contractual basis.
Sheetal Cool Products IPO Details
| IPO Date | Oct 16, 2017 to Oct 18, 2017 |
| Listing Date | Oct 30, 2017 |
| Face Value | ₹10 per share |
| Price | ₹80 per share |
| Lot Size | |
| Total Issue Size | 3,000,000 shares (aggregating up to ₹24.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Sheetal Cool Products IPO Listing Details
| Listing Date | Oct 30, 2017 |
| BSE Script Code | 540757 |
| NSE Symbol | SCPL |
| ISIN | INE501Y01019 |
| Final Issue Price | ₹80 per share |
Industry Overview
The Company operates in the food and beverage industry, specifically in the dairy, snacks, and bakery segments. The food and beverage industry is a crucial part of the Indian economy and has been growing steadily over the years. The demand for processed and packaged food has been increasing due to the changing lifestyle and dietary patterns of people. Moreover, the rising disposable income and urbanization have led to an increase in the demand for convenience food, which has also contributed to the growth of the industry.
In terms of growth rate, the food and beverage industry in India has been experiencing a Compound Annual Growth Rate (CAGR) of around 10% over the past few years. However, the COVID-19 pandemic has impacted on the industry, causing a temporary slowdown. Nevertheless, the demand for essential food items like dairy products, snacks, and bakery items has remained resilient, and the industry is expected to recover and grow further in the coming years.
Company Financials
| Company Financials financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | Q1 FY2018 | ||
| Total revenue | 6.4 | 44.9 | 125.3 | 154.6 | 49.3 | |
| Total expenses | 7.0 | 44.9 | 122.9 | 151.5 | 48.5 | |
| Profit after tax | -1.0 | 0.1 | 2.0 | 2.1 | 0.6 | |
Objects of the Issue
The objects of the Issue are:
1. To purchase additional plant & machineries at the existing manufacturing facility at Amreli, Gujarat.
2. Funding of working capital requirements of the Company
3. General Corporate Expenses
4. Issue Expenses
Sheetal Cool Products IPO Prospectus
Company Contact Information
Sheetal Cool Products Ltd
G I D C, Plot No. 78-79-80,
Amreli 36560
Phone: +91 79-26421701
Email: cssheetal9@gmail.com
Website: http://www.sheetalicecream.com/
Sheetal Cool Products IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Sheetal Cool Products IPO Lead Manager(s)
- Guiness Corporate Advisors Pvt Ltd (Past IPO Performance)
