Shreenath Paper Products IPO: Shreenath Paper Products Limited launched its IPO offering on Tuesday, February 25, 2025. The company, which provides supply chain solutions to industries using paper materials, aims to mop up over Rs 23 crore from investors in the primary market. This BSE SME IPO consists entirely of fresh issuance. People investing in Shreenath Paper Products IPO should check these key details before bidding.
Shreenath Paper Products IPO is a Fixed Price Issue of Rs 23.36 crore. The issue is entirely a fresh issue of 53.10 lakh shares. Shreenath Paper Products IPO bidding opened for subscription on February 25, 2025 and will close on February 28, 2025. Allotment for Shreenath Paper Products IPO is expected to be finalized on Monday, March 3, 2025. Shreenath Paper Products IPO will list on BSE SME with the listing date fixed as Wednesday, March 5, 2025.
The Shreenath Paper Products IPO price is ₹ 44 per share. The minimum lot size for an application is 3000 shares. The minimum amount of investment required by retail investors is ₹ 1,32,000. The minimum investment for HNIs is 2 lots (6,000 shares), which amounts to ₹ 2,64,000. The book-running lead manager for Shreenath Paper Products IPO is Galactico Corporate Services Limited, while Bigshare Services Pvt Ltd is the registrar to the issue. The market maker for Shreenath Paper Products IPO is Pure Broking Private Limited.
Shreenath Paper Products IPO
Shreenath Paper Products IPO
Shreenath Paper Products IPO Objectives
The Company proposes to use the net proceeds from the IPO for the following purposes:
Allocate ₹ 1,800 lakh for incremental working capital requirements for fiscal years 2025 and 2026.
Use ₹ 287.16 lakh for general corporate purposes to maintain financial flexibility.
Fund related expenses amounting to ₹ 249.24 lakh from IPO proceeds.
Strengthen the balance sheet by reducing financial liabilities.
The Company reported revenue from operations of ₹ 77.04 crore in the April-December period of the current financial year. This revenue was ₹ 185.84 crore in FY 2024 against ₹ 204.43 crore in FY 2023. Crore for the period April-December 2024. PAT in FY 2023 was ₹ 4.39 crore in FY 2024.
Shreenath Paper Products IPO Key Details
Shreenath Paper Products IPO received bids for 6.99 lakh shares from retail investors against the allotted quota of 25.14 lakh shares. Retail investors were 28% booked. Non-institutional investors (NIIs) applied for only 42,000 shares against 25.14 lakh shares set aside for them, leading to a subscription of only 2%. Shreenath Paper Products IPO important dates are here:
IPO Opening Date 25th February, 2025
IPO Closing Date 28th February, 2025
Face Value ₹10 per share
Price Band ₹44 per share
Lot Size 3000 Shares
Total Issue Size ₹23.36 Cr
IPO Listing Date 4th March, 2025
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Shreenath Paper Products IPO GMP
According to Investorgain.com, Shreenath Paper Products IPO final GMP is 0, last updated on 26th February 2025. With a Price Band of ₹ 44, the estimated listing price of Shreenath Paper Products IPO is ₹ 44. The percentage profit/loss per share is 0.00% per share.
About Shreenath Paper Products Limited
Shreenath Paper Products Limited was originally incorporated on October 10, 2011 as “Shreenath Paper Products Private Limited”, under the Companies Act, 1956, with the objective of acquiring and taking over the existing proprietary business of M/s Shrinath Papers. The Company transitioned into a Public Limited Company on April 20, 2023, with a fresh Certificate of Incorporation issued by the Registrar of Companies, Mumbai.
The Company is primarily engaged in providing supply chain solutions to industries where paper forms a significant part of its raw material. Shreenath Paper Products specializes in various types of papers, including sublimation base paper, thermal base paper, straw paper, cup stock paper, poster paper and high-strength paper. It also caters to industries such as FMCG, textiles, pharmaceuticals, e-commerce and packaging.
With a focus on quality and sustainability, the company sources paper waste made from recycled papers, bagasse base (agricultural waste), and virgin pulp, offering a wide range of grades from 24-350 grams per square meter (GSM). The company operates on a B2B model, supplying products to domestic markets, particularly in Maharashtra, Gujarat, and Madhya Pradesh. Regarding its IPO, Shreenath Paper Products aims to raise working capital, support general corporate objectives, and strengthen its financial position for continued growth and market competitiveness.
The Indian paper and packaging industry is witnessing strong growth, driven by sectors such as e-commerce, food processing, pharmaceuticals, FMCG, manufacturing, and healthcare
