The Snehaa Organics IPO was subscribed overall 27.75 times on the last day, while the retail quota was subscribed 37.75 times, the QIB quota was subscribed 42.19 times, and the NII quota was subscribed 16.23 times, respectively.
Snehaa Organics IPO Details
Snehaa Organics has received approval from SEBI for its IPO of ₹32.68 crores, comprising a fresh issue of ₹32.68 crores with a face value of ₹10 each. It has a set price band of ₹115 to ₹122 Per Share.
Snehaa Organics Funds Utilisations
A portion of the money would be utilised for the working capital requirement and repayment of loans which is taken by the company.
Some of the money will be used for the issue Expenses, and the rest of the money will be utilsed for the general Corporate Purposes.
Snehaa Organics Shares Distributions
Moreover, the retail category had 2,000 shares in a 2-lot size with a minimum application and a maximum category.
S-HNI got 3,000 shares in 3 lot sizes for the minimum category, and for the maximum category, 8,000 shares in 8 lot sizes. B-HNI Minimum category received 9,000 shares in 9 lot sizes.
To participate in this IPO, each investor group has a tailored investment range
- Retail Minimum Application:- ₹2,44,000.
- Retail Maximum Application:-₹2,44,000.
- S-Hni (Minimum)Application:- ₹3,66,000.
- S-HNI Maximum Application: ₹9,76,000.
- B-HNI Minimum application: ₹10,98,000.
Snehaa Organics Subscription Duration
Started on August 29, 2025, and closed on September 2, 2025. The allotment was on September 3, 2025, and non-allottees got a refund on September 4, 2025. Snehaa Organics IPO listing is today, September 5, 2025.
About Snehaa Organics
Snehaa Organics Limited is one of the leading companies in terms of working in the solvent recovery and recycling business. It also offers eco-friendly solutions for industries that use solvents. The company takes used solvents from different industries and uses distillation and purification, and makes them reusable.
Snehaa Organics Limited recovers solvents from different batches, checks their quality to meet customer requirements, and sends the cleaned solvents back to companies for reuse or sells them in the market. The company also buys solvents from suppliers, tests their quality, and sells them in the open market. As of February 28, 2025, the company has 54 employees.
Snehaa Organics IPO Financial Background
The company earned a revenue of ₹26.29 crores in 2025, up from ₹23.80 crores in 2024. Its profit also increased to ₹7.34 crores in 2025 from ₹3.66 crores in 2024.
