In this article, we are going to look at the Shanthala FMCG Products IPO listing. Recently, the SME has shared the official list with a premium of more than 18% at Rs. 108 per piece on the National Stock Exchange (NSE) SME. Shanthla FMCH Products IPO has been subscribed 3.91 times at the time of the bidding process, it is from 27th October 2023 to 31st October 2023. As per the information, the process issue has been subscribed 3.05 times in the retail category and it has been subscribed 4.76 times in some different categories. Now to know every tingle thing about the Shanthala FMCG Products IPO listing, read this article till the end.
Shanthala FMCG Products IPO Listing
According to the source, Shanthla FMCG Products IPO is in the SME issue where the fixed price issue is worth of Rs. 16.07 crore. The company has set a modest stock market debut on 3rd November 2023, Friday which means today the company share price has been listed at a very hefty premium. The share of the company has been listed at Rs. 108 per piece on the National Stock Exchange on a premium of 18.68% to the issue price of Rs. 91 per share. To know more detail scroll down to the next paragraph of this article.
As per the reports, Shanthala FMCG Products is the FMCG product distribution company. This company distr=ibute the branded packaged foods. education and stationery products, personal care products, and some other products to the big FMCH companies. The public offering of the company was officially launched on 27th October 2023 and then it received a modest response from the investors. The company IPO was subscribed 3.91 times at the time of its bidding process from 27th October 2023 to 31st October 2023. Reports have showcased that the public issue was officially subscribed 3.05 times in the retail market and it was subscribed by 4.76 times in the other market.
Shantthala FMCG Products IPO is an SME issue and the fixed price is Rs. 16.07 core. The IPO of the company is a fresh issue of Rs. 17.66 lakh equity shares, Reports have shown that the price of the IPO has now been fixed at Rs. 91 per share and the IPO lot size was at 1,200 shares. The promoters of Shanthala FMCG Products are Yogish Mallya, Majunath Mallya, Sneha Vinayak Kudva, and Shobitha Malya. Here we have shared all the details of the Shanthla FMCG Products IPO Listing. For more information like this keep following techballad.