Sheel Biotech Limited
Bookbuilding IPO · NSE
- Price band
- ₹59 - ₹63
- Lot size
- 2,000 shares
- Issue amount
- ₹34.02 cr
- Total subscription
- 16.05×
- Opens
- 30 Sept 2025
- Closes
- 3 Oct 2025
- Allotment
- 6 Oct 2025
- Listing
- 8 Oct 2025
Offer at a glance
Issue overview
- Issue size
- 54,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,18,000
- Fresh issue
- ₹34.02 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,26,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,49,52,550
- Shares after issue
- 2,03,52,550
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 4,000 | ₹2,52,000 |
| sHNI | 3 | 6,000 | ₹3,78,000 |
| bHNI | 8 | 16,000 | ₹10,08,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 3 Oct 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 18 |
| NIB | 0 | 1,363 |
| RETAIL | 451 | 4,315 |
| HNIs(10L +) | 86 | 761 |
| HNIs (2-10L) | 43 | 602 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 6.46 | 127.54 |
| FIIs | 0 | 37.43 |
| Others | 0 | 90.1 |
| RETAIL | 11.37 | 108.74 |
| HNIs 2+ | 1.63 | 23.66 |
| HNIs 10+ | 3.25 | 104.55 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 7.21 | 7.22 | 3.5 |
| ROE | 13.59 | 15.38 | 8.23 |
| ROCE | 0 | 0 | 0 |
| RONW | 13.59 | 15.38 | 8.23 |
| PRE IPO(PE) | 8.96 | 0 | 0 |
| POST IPO(PE) | 44.07 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Sheel Biotech Limited | NA | NA | 10 | 56.84 | 13.59 | 7.21 |
| Jain Irrigation Systems Limited | 143.97 | 51.83 | 2 | 72.07 | 0.5 | 0.36 |
| Vrundavan Plantation Limited | 14.24 | 47 | 10 | 44.63 | 7.39 | 3.3 |
Company information
Company profile
Sheel Biotech Limited, incorporated in November 1991, specializes in biotechnology, floriculture, greenhouses, and organic farming. The company produces high-quality, disease-free plants for fruits, vegetables, ornamentals, and field crops using tissue culture and hydroponics, and provides greenhouse manufacturing, farmer services, and training through FPOs. It also offers landscaping services to government and private clients and holds ISO certifications for quality, environment, and safety. Its R&D lab is recognized by India’s Department of Biotechnology and Department of Science and Technology. Sheel Biotech supports organic farming adoption, manages FPOs, implements turnkey horticultural projects with modern technologies, and conducts training programs for farmers and agripreneurs. As of September 30, 2024, it had 160 permanent employees.
Strengths
- Biotechnology and Greenhouse Expertise: Skilled in tissue culture, organic farming, and modern horticultural technologies.
- Wide Product and Service Range: Offers planting materials, turnkey greenhouse projects, organic certification, FPO support, and training.
- Sustainability and Recognition: Follows eco-friendly practices and holds government-recognized R&D and international quality, safety, and environmental certifications.
Risk factors
- Strict Precision in Tissue Culture: Lapses in sterilization, storage, or temperature control can lead to contamination and significant losses.
- Dependence on Government Tenders: Revenue from organic farming heavily relies on winning tenders, making it vulnerable to policy or tender changes.
- Operational Risks in Production: Small errors in tissue culture processes can disrupt the entire production cycle.
Promoters
Dr. Satya Narayan Chandak
Mr. Sanjay Chandak
Mr. Divye Chandak
Mrs. Mini Chadha
M/s Satya Narayan Chandak (HUF)
M/s Sanjay Chandak (HUF)
M/s Sumeet Chandak (HUF)
Registrar & documents
Lead manager
Narnolia Financial Services Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
8 Balaji Estates , 2nd Floor, Block-C, Guru Ravidas Marg Kalkaji South Delhi, New Delhi, 110019
+91 88511 - 8980
[email protected]Company website ↗Understanding SHEEL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.