Sat Kartar Shopping IPO Day 1: Check Subscription Status, GMP, Price Band And More

Sat Kartar Shopping Ltd. launched its public offer on Friday to mop up Rs 33.8 crore from the primary markets. The NSE SME offer is an entirely fresh issue of  41.73 lakh shares with no offer-for-sale component. As the bidding opens for Kartar Shopping IPO, here is what investors must know about the offer, price band, GMP and other details.

The bidding window for the Rs 33.8-crore Sat Kartar Shopping IPO will be open for bidding between Jan. 10 and Jan. 14. Share allotment for the IPO is likely to be done on Jan. 15 followed by the credit of shares for the successful bidders on Jan. 16. Refunds for the non-allottees in Sat Kartar Shopping IPO will be initiated on the same day. 

Shares of Sat Kartar Shopping are proposed to be listed on the NSE SME platform Emerge on Friday, Jan. 17.

Sat Kartar Shopping IPO price band has been set at Rs 77 to Rs 81 per share. A single lot of the IPO comprises 1,600 shares, taking the minimum investment amount for retail investors to Rs 1,29,600.

Skyline Financial Services Pvt. is the registrar for the Sat Kartar Shopping IPO, with Narnolia Financial Services Ltd. serving as the book-running lead manager. The market maker for this SME IPO is Prabhat Financial Services Ltd.

The IPO has been subscribed 3.24 times as of 2:44 p.m. on Friday:

• Non-Institutional Investors: 1.46 times

• Retail Investors: 5.89 times

The subscription status will be updated at regular intervals

Sat Kartar Shopping IPO GMP (grey market premium) was Rs 25 apiece as of 11:53 a.m. on Jan. 10, according to InvestorGain. This projects a listing gain of 30.86%, with the shares likely to debut on NSE SME at Rs 106 apiece if the current trends are sustained.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

Sat Kartar Shopping Ltd. is an Ayurveda healthcare company that offers holistic, natural remedies and lifestyle products. Its products, based on Ayurveda, are sold to consumers directly through its website, third-party e-commerce platforms, television ads and Google and Meta platforms.

The company will use portions of the IPO proceeds to fund an unidentified acquisition, meet marketing and advertising expenses, and fund capital expenditure. It will also use the fund to buy machines and for general corporate purposes as well as issue expenses. 

Sat Kartar Shopping Ltd. reported a revenue of Rs 109.28 crore with a net profit of Rs 5.9 crore for the period up to Dec. 15, 2024, of the current fiscal. In FY24, its revenue jumped 54.16% year-on-year to Rs 127.9 crore from Rs 82.96 crore in FY23. The PAT (profit after tax) during this period rose 151.6% YoY to Rs 6.3 crore from Rs 2.5 crore.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.