Shreenath Paper IPO subscribed overall 1.85 times on the last day, a retail quota was subscribed over 3.18 times, NII was subscribed over 0.52 times, and QIB was 0.00.
Details About Shreenath Paper IPO
Shreenath Paper got SEBI approval for an IPO of around ₹23.36 crores. Shreenath Paper IPO is fully a fresh issue of ₹23.36 crores with a face value of Rs 10 each. Further, Shreenath Paper had a set price band between ₹44 per share.
In the Shreenath Paper IPO, 3,000 shares were in 1 lot size for retail minimum and maximum category as well. Moreover, 6,000 shares were in 2 lot sizes for the S-HNI category.
To invest in Shreenath Paper IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,32,000.
- SHNI (S-HNI): Minimum investment of ₹2,64,000.
Shreenath Paper IPO’s Subscription Duration
Shreenath Paper IPO was started on February 25, 2025, and closed on February 28, 2025. The Shreenath Paper IPO’s allotment date was March 3, 2025, and they received a refund on March 4, 2025. Meanwhile, Shreenath Paper IPO listing date is March 5, 2025.
Shreenath Paper IPO Funds Deployment
- The proceeds will meet the company’s incremental working capital requirements.
- While the remaining funds will be used for general corporate purposes.
About Shreenath Paper
Incorporated on October 10, 2011, Shreenath Paper Products is one of the well-known companies involved in the business of supply chain solutions to the industries that use paper as their raw material. This includes coating-based paper, food-grade paper, machine-glazed paper, and pressure-sensitive adhesive paper. TThey supply a comprehensive range of paper types include sublimation base paper, thermal base paper, straw paper, paper for cone sleeve, cup stock paper, poster paper, security PSA sheet, transcode PSA sheet, filmic & digital PSA sheet, removable PSA sheet, permanent PSA sheet, C2S paper and board, C1S paper, hi-bright paper, low- bright paper, High-Strength Paper, etc. Shreenath’s paper runs its business by first understanding the customer’s requirements, finding the right paper to match the client’s requirement, finding specialized manufacturers, testing samples, providing the required quantity, submitting orders, and delivering it to its clients. Shreenath papers utilize recycled paper, bagasse (agricultural waste), and virgin pulp to make papers covering various grades (24-350 GSM). The company comprises 9 employees as of December 31, 2024.
Financial Resort of the Shreenath Paper Company
The company reported revenue of ₹189.67 crores in 2024 against ₹206.7 crore in 2023. The company reported profit of ₹4.39 crores in 2024 against profit of ₹4.38 crores in 2023.
