Shanthala FMCG Products Limited IPO

Incorporated in 1996, it is an FMCG product distribution company engaged in the distribution of branded packaged foods, Personal care products, Education and stationery products, Matches and Agarbatti and tobacco products to large FMCG companies. The company aims at providing quality products at reasonable prices with on-time delivery. 

In 2007, Shamnthala FMCG became an authorized distributor of ITC company. The company aims to provide meaningful shopping experience to its customers. 

Following are the competitive strengths of the company

  • Shanthala is an FMCG distributor for large-sized FMCG companies in India
  • The company is engaged in the distribution of a variety of products
  • Strong and long term relationships with customers
  • Experienced Management Team with stong domain knowledge
 

Shanthala FMCG Products Limited Financial Information (Restated)

Shanthala FMCG Products Limited’s revenue increased by 25.28% and profit after tax (PAT) rose by 292.26% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets827.32657.21615.79569.67
Revenue1,585.584,077.253,254.573,955.67
Profit After Tax10.1517.734.5214.41
Net Worth549.32143.22125.49120.97
Reserves and Surplus56.1593.2275.4970.97
Total Borrowing    
Amount in ₹ Lakhs

Objects of the Issue (Shanthala FMCG Products IPO Objectives)

The company intends to utilize the Net Proceeds as following

1. Funding additional working capital requirements

2. General Corporate Purposes

Shanthala FMCG Products IPO Timeline (Tentative Schedule)

Shanthala FMCG Products IPO opens on October 27, 2023, and closes on October 31, 2023.

IPO Open DateFriday, October 27, 2023
IPO Close DateTuesday, October 31, 2023
Basis of AllotmentFriday, November 3, 2023
Initiation of RefundsMonday, November 6, 2023
Credit of Shares to DematTuesday, November 7, 2023
Listing DateWednesday, November 8, 2023
Cut-off time for UPI mandate confirmation5 PM on October 31, 2023

SHARIAH SCREENING for - Shanthala FMCG Products Limited IPO

BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
If you find this result mistaken or questionable, let us know via email at info (@) halalstock.in

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