Shree Refrigerations IPO Subscribed 20.62x on Day 2

Shree Refrigerations IPO subscribed over 20.62x on its Second day of subscription, wherein QIB subscribed 2.25x, NII subscribed 11.88x, and RII subscribed 34.85x.

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Shree Refrigerations IPO subscription started on Friday, July 25, 2025, and will close on July 29, 2025, as per the schedule. The price band is set at ₹119 to ₹125 per share with a face value of ₹2. 

Shree Refrigerations IPO Subscription Status

Shree Refrigerations IPO subscribed over 20.62x on its Second day till 05.00 PM on 28th July 2025.

  • Shree Refrigerations IPO subscription QIB investors’ portion is 2.25x times, while NII subscribed 11.88x times, and RII investors subscribed 34.85x times.
  • The company has received bids for 12,86,99,000 shares against 62,42,000  shares on offer on the Second day. 
  • Shree Refrigerations’ IPO subscribed over 20.62x times on day 2.
  • Shree Refrigerations’ IPO subscribed over 2.11x times on day 1.

About Shree Refrigerations IPO

Nowadays, Chillers, refrigeration, and air conditioning appliances are essential things for people, so here is meaningful information about one of the leading companies, Shree Refrigerations, which specializes in the manufacturing of chillers, refrigeration, and air conditioning appliances.

Moreover, all these products have been manufactured along with the Heating, Ventilation, and Air Conditioning (HVAC) Industry. Not only that, but the company also provides various products range such as chillers, test equipment, marine HVAC & R systems, and printing chillers, among others. The company also provides special fabrication services, creating custom-made solutions for the engineering industry.

Chillers: These products are especially used in the marine sector and other various industries. Moreover, they provide efficient cooling solutions that meet the specific needs of each application.

Shree Refrigerations IPO Company Financial Report

The company reported revenue of ₹99.10 crores in 2025 against ₹81.19 crores in 2024. The company reported a profit of ₹13.55 crores in 2025 against a profit of ₹11.53 crores in 2024.

Shree Refrigerations IPO GMP

Shree Refrigerations IPO GMP was ₹90 as of Monday, 28th July. That indicates the IPO is trading at ₹215 with a ₹90 premium in the grey market against the issue price of ₹125.

Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.