Sheel Biotech ₹34.02 Crore IPO Opens Today; Raises ₹9.6 Crore From Anchor Investors

New Delhi, September 30, 2025: The ₹34.02 crore Initial Public Offering (IPO) of Sheel Biotech Limited IPO is set to open today, on September 30. Investors who want to apply to the issue can do so by logging in to their net banking portal and applying through the ASBA facility. They can also use a UPI mandate to apply through their stock broking app. The IPO application window will remain open till October 3.

Sheel Biotech Limited is engaged in tissue culture, organic farming, greenhouse projects, farmer training, and landscaping services. The company was founded in 1991 and is headquartered in New Delhi.

Sheel Biotech IPO Raised ₹9.6 Crore From Anchor Investors

Ahead of the IPO, the company raised ₹9.6 crore from 5 anchor investors by allocating them 15.24 lakh equity shares at ₹63 per share. Key investors included Bharat Venture Opportunities Fund, Aarth AIF Growth Fund, Saint Capital Fund, VBCube Ventures Fund, and Sanshi Fund – 1.

Sheel Biotech IPO Issue Size of ₹34.02 Crore

The IPO has an issue size of ₹34.02 crore, including an entirely fresh issue of 54,00,000 shares, with no offer for sale element. The company has set a price band of ₹59 to ₹63 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,52,000.00 (4,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (6,000 shares), amounting to ₹3,78,000.

Narnolia Financial Services Ltd. is the book-running lead manager, and Skyline Financial Services Pvt.Ltd is the registrar of the issue. The shares are expected to list on BSE SME on October 8, 2025.

Sheel Biotech IPO Working Capital Main Fundraising Motive

The company will use ₹15.88 crore for working capital requirements, ₹9.12 crore for capital expenditure (including expansion into blueberry cultivation), and the balance for general corporate purposes.

Sheel Biotech IPO Revenue From Operations At ₹8,011.57 Crore

In FY25, the company’s revenue for operations stood at ₹10,175.25 crore, which was ₹9,228.22 crore in FY24 and ₹8,011.57 crore in FY23. Profit after tax in FY25 was ₹1,063.61 crore, up from ₹1,047.47 crore in FY24 and ₹507.65 crore in FY23. Net worth increased from ₹6,354.15 crore in FY23 to ₹7,269.02 crore in FY24 and to ₹8,385.42 crore in FY25. EPS in FY25 was at ₹7.21, which was ₹7.22 in FY24, and ₹3.50 in FY23.

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