Shreenath Paper Products Limited IPO is set to open for public subscription on February 25, 2025, and will close on February 28, 2025. This fixed-price issue aims to raise ₹23.36 crores entirely through a fresh issue of 53.10 lakh shares. The IPO price is set at ₹44 per share, with a minimum investment requirement of ₹1,32,000 for retail investors (3,000 shares per lot).
The IPO is scheduled to list on the BSE SME platform on March 5, 2025. Galactico Corporate Services Limited is acting as the Book Running Lead Manager (BRLM), while Bigshare Services Pvt Ltd. is the registrar. Pure Broking Private Limited is the market maker for the issue.
Shreenath Paper IPO Details
- IPO Date: February 25, 2025 – February 28, 2025
- Issue Size: ₹23.36 crore (Fresh Issue)
- Price Per Share: ₹44
- Lot Size: 3,000 shares
- Listing Date (Tentative): March 5, 2025
- Face Value: ₹10 per share
Subscription Details and Investment Requirements
The minimum lot size for retail investors is 3,000 shares, amounting to ₹1,32,000. The minimum lot size investment for HNIs is 2 lots (6,000 shares), requiring an investment of ₹2,64,000.
- Investor Category: Retail (Min) & HNI (Min)
- Shares Offered: 3,000 shares & 6,000 shares
- Investment Amount (₹): ₹1,32,000 & ₹2,64,000
The shares will be allocated as follows:
- Qualified Institutional Buyers (QIBs): Not applicable (SME IPO)
- Retail Investors: At least 50% of the total issue
- Non-Institutional Investors (HNIs): Up to 50% of the total issue
About Shreenath Paper Products Limited
Incorporated in 2011, Shreenath Paper Products Limited specializes in supplying coated, food-grade, and machine-glazed papers, catering to various industries such as FMCG, textiles, pharmaceuticals, packaging, food & beverages, and e-commerce. The company operates primarily in Maharashtra, Gujarat, and Madhya Pradesh.
Product Portfolio:
- Sublimation Base Paper, Thermal Base Paper, Straw Paper
- Cone Sleeve, Cup Stock, ARSR
- Coated Paper & Board (Used for magazines, labels, and brochures)
- Coating Base Paper (Used in thermal printing and NCR paper applications)
- Specialty Paper (Used for baking, packaging, and transportation)
- Cream Wove Paper (High-quality paper for premium printing applications)
As of December 31, 2024, the company had a workforce of 9 employees.
Competitive Strengths:
- Extensible Business Model
- Strong Network of Suppliers
- Multi-product Portfolio with Customization Capabilities
- Strong Relationships with Key Customers
- Experienced Management Team with a Proven Track Record
- Consistent Financial Performance
Objectives of the Issue
Since this IPO is a Fresh Issue, the funds raised will be utilized for business expansion, working capital requirements, and general corporate purposes. The IPO aims to enhance market visibility and strengthen the company’s financial position.
Investors interested in the paper supply chain sector can evaluate Shreenath Paper IPO based on its product diversity, business model, and market presence.
