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Shrenik IPO is a fixed price issue of ₹21.60 crores. The issue is entirely a fresh issue of 0.54 crore shares of ₹21.60 crore.
Shrenik IPO bidding started from Jul 6, 2017 and ended on Jul 10, 2017. The shares got listed on NSE SME on Jul 18, 2017.
Shrenik IPO price is ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Shrenik IPO RHP for detailed Information.
| IPO Date | July 6, 2017 to July 10, 2017 |
| Listing Date | July 18, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 54,00,000 shares (aggregating up to ₹21.60 Cr) |
| Reserved for Market Maker | 2,88,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹1.15 Cr) |
| Net Offered to Public | 51,12,000 shares (aggregating up to ₹20.45 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,50,00,000 shares |
| Share Holding Post Issue | 2,04,00,000 shares |
Shrenik IPO offers total 54,00,000 shares. Out of which 25,56,000 (47.33%) allocated to NII, 25,56,000 (47.33%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,88,000 (5.33%) |
| NII (HNI) Shares Offered | 25,56,000 (47.33%) |
| Retail Shares Offered | 25,56,000 (47.33%) |
| Total Shares Offered | 54,00,000 (100.00%) |
Shrenik IPO opens on July 6, 2017, and closes on July 10, 2017.
| IPO Open Date | Thu, Jul 6, 2017 |
| IPO Close Date | Mon, Jul 10, 2017 |
| Tentative Listing Date | Tue, Jul 18, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jul 10, 2017 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Incorporated in 2012, Shrenik Ltd is (SL) primarily engaged in the business of trading of different types of papers in Gujarat and Rajasthan through distribution channel. They offers coated papers, notebook papers, photocopy papers, folding box boards, etc.
The company serves customers with variety of papers like copier, maplitho, coated paper, FBB Board and a speciality paper commodity royal executive bond. Besides being a wholesaler they have also introduces its own brand “Shrenik” covering copier, sticker sheet etc. It’s customer base in Gujarat and Rajasthan is around 3000 plus. They are also a wholesaler for Tamil Nadu Newsprint and Papers Ltd in Gujarat and for Asia Pulp in Gujarat and Rajasthan. Its sticker sheets are used in soap and pharma industries, and stationary business.
The Company Shrenik IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirement | 15.75 |
| 2 | General corporate purposes | 4.85 |
[Dilip Davda] Investors may consider moderate investment in this fully priced issue for short to long term. Read detail review...
| Listing Date | July 18, 2017 |
| BSE Script Code | |
| NSE Symbol | SHRENIK |
| ISIN | INE632X01014 |
| Final Issue Price | ₹40 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹41.90 |
| Low | ₹41.90 |
| High | ₹48.00 |
| Last Trade | ₹48.00 |
Shrenik Ltd.
D/87, Nava Anaj Bazar,
Opp. Anupam Cinema,
Khokhara
Ahmedabad, Gujarat, 380008
Phone: 079-22931502
Email: cs@shrenik.co.in
Website: http://www.shrenik.co.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: shrenik.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Shrenik IPO is a SME IPO of 54,00,000 equity shares of the face value of ₹10 aggregating up to ₹21.60 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on July 6, 2017, and closes on July 10, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Shrenik IPO using UPI as a payment gateway. Zerodha customers can apply in Shrenik IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shrenik IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shrenik IPO opens on July 6, 2017 and closes on July 10, 2017.
Shrenik IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Shrenik 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 Shrenik IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shrenik IPO allotment status.
The Shrenik IPO listing date is on Tuesday, July 18, 2017.
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