Sat Kartar Shopping IPO: GMP, Date, Price & Details

Sat Kartar Shopping IPO-Complete Overview

Sat Kartar Shopping IPO under the SME IPO category is a book-built issue of Rs.33.80 Cr (41.73 lac Shares) by Sat Kartar Shopping Limited established in June 2012. Sat Kartar Shopping Limited is an Ayurveda healthcare company, which catered natural wellness solutions for enhanced therapeutic and lifestyle products to make better lifestyles.

They aim at providing holistic as well as natural remedies and lifestyle products for direct consumers and are based on the middle Ayurveda principles. They are marketing products through their own websites in addition to third-party e-commerce platforms, television marketing, and Google and Meta applications.

Specific Problem-Led Niche Therapeutic Areas: The areas focused on by the company in the medical and healthcare domains include special branches, where therapies are specially designed to deal with well-identified health issues or problems, like addiction, self-care, wellness, etc., such as Addiction Killer, Liv Mustang, and many more.

Life Style Led Curative Areas: The company also addresses areas concerned with conditions in the medical and health fields that relate to problems arising from the lifestyles of individuals, such as diabetes, joint pain relief, piles, and the list goes on.

The product line of the company is going to be well-diversified with products related to various health issues like slimming, hair care, gut health, PCOD, Poly Cystic Ovary Disease, and mental wellness.

 

Sat Kartar Shopping IPO Overview

This Sat Kartar Shopping IPO date is 10 January, and its ‘initial public offering’ will end on 14 January 2025. 

The Rs.33.80 crore new SME IPO comprises a wholly fresh issue of 41.73 lac Shares.

This upcoming IPO date is on 10 January 2025. The Sat Kartar Shopping IPO Price is Rs.77 to Rs.81 for each Share. 

The expected IPO listing date is Friday, 17 January 2025, and listing at NSE and SME.

To open a demat account and apply for the IPO, Click Here.

Company Financial

(Amount in Lac)

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in thousands)

 

Channel-wise Revenue Breakdown  

(Amount in thousands)

 

Segment-wise Revenue Breakdown  

(Amount in thousands)

(Source: RHP)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• To cover Unidentified Acquisition's costs (in India or abroad)

• To cover the costs, marketing and advertising.

• To fulfill the capital expenditure.

• To cover the cost of the technology investment.

• To cover the costs of the issue.

 

Peers of Sat Kartar Shopping Ltd.

 

Note:-The basic EPS of the peers is for the financial year ended on 31 March 2024.

Evaluation

The Sat Kartar IPO share price is Rs.77 to Rs.81 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 March 2024 with an EPS of Rs.22.52 from the last year, the resulting P/E ratio is 3.6x.

Considering the weighted EPS of Rs.12.78 for the last three years, the P/E ratio is 6.34x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 64.90.

In simple words, the P/E ratio of this IPO (3.6x), compared with the industry’s average P/E of 64.90x, has an undervaluation (on a P/E ratio basis only). Hence the price of the Share seems fully priced for the investors when considered based on the average P/E ratio of the industry.

IPO's Strengths

• A new brand with a presence all over India.

• Asset light business model.

• Strong digital media presence.

• Anonymity of customers.

• In-house R&D.

• Clinical trials.

• Well-structured logistics process.

 

IPO’s Weaknesses

• First-Generation Entrepreneurs: A lack of experience in dealing with the aspects of managing and growing a business is most likely because these entrepreneurs are first-generation ones, therefore, limiting their growth prospects and opportunities for funding or partnerships.

• Dependency on Brand Recognition: Keeping up with the establishment and improvement of the brand name and reputation is the company itself. Failing in these areas could damage the business, financial situation, and operational results.

• Leased Business Premises: The company does not own the premises from which it operates. The need to vacate this might very much affect the business.

• Regulatory and Licensing Risks: The business is required to have various approvals and licenses to carry on its operations. The unavailability or late renewal of any of them might lead to disruption in operation and even penalties.

• Impact of External Events: It would also be natural disasters, pandemics, terrorist attacks, or other events beyond control that would lead to operational disruptions with consequences for financial stability and profitability.

 

Sat Kartar Shopping IPO GMP Today

Sat Kartar Shopping IPO GMP has not started yet as of 06 January 2025.

IPO Timetable (Tentative)

The IPO opening date is January 10, with allotment on January 15, refund initiation on January 16, and listing on January 17, 2025.

Sat Kartar Shopping IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 41,72,800 Shares (Rs.33.80 Cr).

Sat Kartar Shopping Limited IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1600 Shares) amounting to Rs.129600 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (3200 Shares) amounting to Rs.2,59,200.

 

IPO Reservation (% of Net Issue)

Promoters And Management of Sat Kartar Shopping Ltd.

• Mr. Manprit Singh Chadha

• Mr. Pranav Singh Chadha

• Ms. Simrati Kaur 

• M/s Ajooni Wellness Private Limited.
  
  

IPO Lead Managers

Narnolia Financial Services Ltd.

Dividend Policy

Rs.0.175 per Share in FY24 has been paid as a dividend by the company.

Conclusion

The Sat Kartar Shopping IPO is highly appealing for an investor in a progressive Ayurveda healthcare company with a diversified product range and a strong digital presence. The company is most likely on a path of impressive financial growth and is available at a P/E multiple much lower than its peers, indicating possible undervaluation.

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DISCLAIMER: NOT a buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always discuss with an eligible financial advisor before investing.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company

To Read the Prospectus of the Company Click Here  to Download the DRHP.

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