Sat Kartar Shopping Limited, an Ayurvedic wellness solutions provider, launched its Initial Public Offering (IPO) on January 10, 2025, with the subscription period concluding on January 14, 2025.
IPO Details:
- Issue Size: The company aims to raise approximately ₹34 crore through the issuance of 41.72 lakh equity shares.
- Price Band: The shares are offered at a price range of ₹77 to ₹81 per equity share.
- Lot Size: Investors can bid for a minimum of 1,600 shares, with subsequent bids in multiples of 1,600 shares.
Subscription Status:
As of January 13, 2025, the IPO has garnered significant interest, being oversubscribed 39 times, with substantial participation from retail investors and non-institutional investors.
Grey Market Premium (GMP):
In the grey market, shares of Sat Kartar Shopping Limited are trading at a premium of ₹10 over the upper issue price, indicating a 12% premium.
Company Overview:
Established in June 2012, Sat Kartar Shopping Limited specializes in Ayurvedic wellness products, offering natural solutions for therapeutic and lifestyle needs. The company plans to utilize the IPO proceeds for acquisitions, marketing initiatives, and technological investments.
Peer Comparison:
According to the company’s Red Herring Prospectus (RHP), its peers include Jeena Sikho Lifecare Ltd, with a Price-to-Earnings (P/E) ratio of 64.90, and Kerala Ayurveda Ltd, with a P/E ratio of 182.66.
Investor Considerations:
The positive grey market premium suggests favorable investor sentiment towards the IPO. However, investors should conduct thorough due diligence, considering factors such as the company’s financial health, growth prospects, and market competition, before making investment decisions.
