Fixed Price IPO | ₹23 Cr | Listed at BSE SME | Tue, Feb 25, 2025 - Fri, Feb 28, 2025
Shreenath Paper Products IPO is a fixed price issue of ₹23.36 crores. The issue is entirely a fresh issue of 0.53 crore shares of ₹23.36 crore.
Shreenath Paper Products IPO bidding started from Feb 25, 2025 and ended on Feb 28, 2025. The allotment for Shreenath Paper Products IPO was finalized on Mar 3, 2025. The shares got listed on BSE SME on Mar 5, 2025.
Shreenath Paper Products IPO price is ₹44 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,64,000.
Galactico Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Pure Broking Pvt.Ltd..
Refer to Shreenath Paper Products IPO RHP for detailed Information.
IPO Open
Tue, Feb 25, 2025
IPO Close
Fri, Feb 28, 2025
Issue Price
₹44 per share
Market Cap (Pre-IPO)
₹86.48 Cr
| IPO Date | 25 to 28 Feb, 2025 |
| Listed on | Wed, Mar 5, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹44 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 53,10,000 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 2,82,000 shares Pure Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 50,28,000 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 50,28,000 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 1,43,44,200 shares |
| Share Holding Post Issue | 1,96,54,200 shares |
| BSE Script Code | 544372 |
| ISIN | INE0RXS01018 |
Shreenath Paper Products IPO comprises a total issue size of 53,10,000 shares. The net offer to the public is 50,28,000 shares, after excluding 2,82,000 shares allotted on a firm basis. Of the Net offer 25,14,000 (50.00%) allocated to NII 25,14,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 25,14,000 | 50.00% | 47.34% |
| Retail Shares Offered | 25,14,000 | 50.00% | 47.34% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,82,000 | 5.31% | |
| Total Shares Offered | 53,10,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,32,000 |
| Retail (Max) | 1 | 3,000 | ₹1,32,000 |
| HNI (Min) | 2 | 6,000 | ₹2,64,000 |
Incorporated in 2011, Shreenath Paper Products Limited is engaged in offering supply chain solutions to industries that use paper materials such as coated, food-grade, machine-glazed, and adhesive papers in their manufacturing processes.
The company supplies various papers, including sublimation base paper, thermal base paper, straw paper, cup stock paper, security PSA sheets, high-strength paper, C2S and C1S papers, and more.
The company understands client needs, defines specifications, sources specialized manufacturers, tests samples, procures materials in desired quantities, and supplies paper in various grades made from recycled paper, bagasse, and virgin pulp.
The company supplies paper products used in industries such as FMCG, textiles, pharmaceuticals, packaging, food & beverages, e-commerce, and more, primarily in Maharashtra, Gujarat, and Madhya Pradesh.
Product Portfolio:
Sublimation Base Paper, Thermal Base Paper, Straw Paper, Cone Sleeve, Cup Stock, ARSR etc.
As of December 31, 2024, the company had 9 employees.
Competitive Strengths:
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 62.25 | 60.34 | 50.95 | 30.82 |
| Total Income | 78.62 | 189.67 | 206.70 | 141.75 |
| Profit After Tax | 2.41 | 4.39 | 4.38 | 1.34 |
| NET Worth | 21.34 | 18.93 | 10.54 | 5.65 |
| Reserves and Surplus | 6.99 | 4.59 | 9.80 | 4.97 |
| Total Borrowing | 31.37 | 28.89 | 25.01 | 16.73 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Meeting incremental working capital requirements | 18.00 |
| 2 | General Corporate Purpose | 2.87 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 23.19% |
| ROCE | 19.32% |
| RoNW | 23.19% |
| PAT Margin | 2.36% |
| Price to Book Value | 3.33 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.06 | 1.63 |
| P/E (x) | 14.37 | 26.97 |
| Promoter Holding | 100% | 72.98% |
| Market Cap | ₹86.48 Cr. |
The Shreenath Paper IPO is subscribed 1.85 times on February 28, 2025 6:19:50 PM (Day 3). The public issue subscribed 3.18 times in the retail category, [.] times in the QIB category, and 0.52 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 0.52 | 25,14,000 | 13,17,000 | 0 |
| Retail | 3.18 | 25,14,000 | 80,04,000 | 0 |
| Total | 1.85 | 50,28,000 | 93,21,000 | 3,936 |
Total Application : 3,936
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.50 |
| 2 | Fees payable to Registrar, Legal and Other Advisory Services, Advertising and marketing Expenses, Printing and Distribution of issue stationery, Brokerage, Selling, Commission and upload fees | 1.45 |
| 3 | Regulators including stock exchanges | 0.05 |
| 4 | Others, if any (including Underwriting Commission, Market making, advisory fees, depositories, marketing fees etc.) | 0.50 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹44.00 |
| Open | ₹35.20 |
| Low | ₹33.44 |
| High | ₹35.20 |
| Last Trade | ₹33.44 |
Lead Manager Reports
Shreenath Paper Products IPO is a SME IPO of 53,10,000 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹44 per share. The minimum order quantity is 3000.
The IPO opens on Tue, Feb 25, 2025, and closes on Fri, Feb 28, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Shreenath Paper Products IPO using UPI as a payment gateway. Zerodha customers can apply in Shreenath Paper Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shreenath Paper Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shreenath Paper Products IPO opens on Tue, Feb 25, 2025 and closes on Fri, Feb 28, 2025.
Shreenath Paper Products IPO lot size is 3000, and the minimum amount required for application is ₹1,32,000.
You can apply in Shreenath Paper Products IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shreenath Paper Products IPO will be done on Monday, March 3, 2025, and the allotted shares will be credited to your demat account by Tue, Mar 4, 2025. Check the Shreenath Paper Products IPO allotment status.
The Shreenath Paper Products IPO listing date is on Wed, Mar 5, 2025.
