Fixed Price IPO | ₹22 Cr | Listed at NSE SME | Thu, Jul 6, 2017 - Mon, Jul 10, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Jul 6, 2017
IPO Close
Mon, Jul 10, 2017
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹81.60 Cr
| IPO Date | 6 to 10 Jul, 2017 |
| Listed on | Tue, Jul 18, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 54,00,000 shares (agg. up to ₹22 Cr) |
| Reserved for Market Maker | 2,88,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 51,12,000 shares (agg. up to ₹20 Cr) |
| Net Offered to Public | 51,12,000 shares (agg. up to ₹20 Cr) |
| Share Holding Pre Issue | 1,50,00,000 shares |
| Share Holding Post Issue | 2,04,00,000 shares |
| NSE Symbol | SHRENIK |
| ISIN | INE632X01014 |
Shrenik IPO comprises a total issue size of 54,00,000 shares. The net offer to the public is 51,12,000 shares, after excluding 2,88,000 shares allotted on a firm basis. Of the Net offer 25,56,000 (50.00%) allocated to NII 25,56,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 25,56,000 | 50.00% | 47.33% |
| Retail Shares Offered | 25,56,000 | 50.00% | 47.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,88,000 | 5.33% | |
| Total Shares Offered | 54,00,000 | 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 | ₹1,20,000 |
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 15.75 |
| 2 | General corporate purposes | 4.85 |
The Shrenik IPO is subscribed [.] times on July 10, 2017 5:00:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.95 |
| 2 | Regulatory fees | 0.03 |
| 3 | Marketing and Other Expenses | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹41.90 |
| Low | ₹41.90 |
| High | ₹48.00 |
| Last Trade | ₹48.00 |
Lead Manager Reports
Shrenik IPO is a SME IPO of 54,00,000 equity shares of the face value of ₹10 aggregating up to ₹22 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Jul 6, 2017, and closes on Mon, Jul 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 Thu, Jul 6, 2017 and closes on Mon, Jul 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 Tue, Jul 18, 2017.
