Snehaa Organics IPO Subscription Status
Snehaa Organics IPO subscribed over 1.94x on its first day till 5.00 PM on 29 August 2025.
- Snehaa Organics IPO subscription QIB investors’ portion is 1.00 times, while NII subscribed 1.05 times, and RII investors subscribed 2.92 times.
- The company has received bids for 49,37,000 shares against 25,45,000 shares on offer on the first day of subscription.
- Snehaa Organics IPO subscribed over 1.94x on its day 1.
About Snehaa Organics Company
Snehaa Organics Limited, founded in October 2017, is one of the leading companies working in the solvent recovery and recycling business, offering 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.
They recover solvents from different batches, check their quality in order to fulfill the customer needs, and then the recovered solvents are sent back to companies for reuse and are sold in the market. Moreover, Snehaa Organics Limited also trades solvents by buying from suppliers, checking their quality, and selling them in the open market. The company consists of 54 employees as of February 28, 2025.
Snehaa Organics Financial Report
The company reported revenue of ₹23.80 crores in 2024 against ₹13.72 crores in 2023. The company reported a profit of ₹3.66 crores in 2024 against a profit of ₹3.24 crores in 2023.
Snehaa Organics IPO GMP:
Snehaa Organics IPO GMP was ₹38 as of Friday, August 29, 2025. That indicates the IPO is trading at ₹160 with a ₹38 premium in the grey market against the issue price of ₹122.
