Shreenath Paper IPO Subscription started on February 25th, 2025, and will close on February 28th, 2025, as per the schedule. The price band is set at ₹44 per share with a face value of ₹10.
Shreenath Paper IPO Subscription Status
Shreenath Paper IPO Subscribed over 0.15x on its First day till 5.00 PM on 25th February 2025.
- Shreenath Paper IPO subscription QIB investors portion is 0 times, while NII subscribed 0.02 times and RII investors subscribed 0.28 times.
- The company has received bids for 7,41,000 shares against 50,28,000 shares on offer on the First day of subscription.
- Shreenath Paper IPO subscribed over 0.15x on its First day.
About Shreenath Paper Company
Shreenath Paper Products Limited is one of the leading manufacturers of paper-based solutions for its nobility customers. The company was founded in 2011 in Maharastra and became one of the largest suppliers of paper materials including coated, food-grade, machine-glazed, and adhesive papers. It established itself as the most trusted management company in India’s writing and printing industry. The company portfolio consists of a comprehensive range of papers including sublimation base paper, thermal base paper, straw paper, paper for cone sleeves, cup stock paper, poster paper, security PSA sheets, transcode PSA sheets, filmic & digital PSA sheets, removable PSA sheet, permanent PSA sheet, C2S paper and board, C1S paper, hi-bright paper, low- bright paper, High-Strength Paper, etc. 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.
Shreenath Paper Financial Report
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.
Shreenath Paper IPO GMP
Shreenath Paper IPO GMP was ₹0 as of Tuesday, 25th February 2025. That indicates the IPO is trading at ₹44 with ₹0 premium in the grey market against the issue price of ₹ ₹44.
