Shreenath Paper Products Ltd. was established on October 10, 2011. The company provides supply chain solutions for industries reliant on various types of paper, including coating-based, food-grade, and adhesive papers. Its offerings include sublimation base paper, thermal base paper, straw paper, cone sleeve paper, cup stock paper, and specialty PSA sheets.
| Bidding Dates |
|---|
| 25 Feb 2025 - 28 Feb 2025 |
| Subscription |
|---|
| 1.81x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,000 | 1 | 1 | 3000 | 5.3 M | ₹44 | 72.98 % | ₹233.6 M | RHP DOC |
Shreenath Paper Products IPO SUBSCRIPTION STATUS
28 Feb '25Shreenath Paper Products IPO overall subscription rate was 1.81 times the total available shares
Shreenath Paper Products IPO retail subscription rate was 3.01 times in the retail segment
Shreenath Paper Products IPO non-institutional investor subscription rate was 0.6 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
28 Feb 2025 (Day 4) | 3.01x | 0.6x | - |
27 Feb 2025 (Day 3) | 1.11x | 0.19x | - |
26 Feb 2025 (Day 2) | 0.3x | 0.02x | - |
25 Feb 2025 (Day 1) | 0.26x | 0.02x | - |
Shreenath Paper Products FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY25 | 24.1 | 770.4 | -24.2 | -24.7 | 5.6% |
| FY24 | 49.3 | 1,858.5 | -25.1 | -23.2 | 3.1% |
| FY23 | 43.8 | 2,044.4 | -33.2 | -38.4 | 3.3% |
| FY22 | 13.4 | 1,359.8 | 10.6 | -8.9 | -1.4% |
Shreenath Paper Products IPO SUBSCRIPTION STATUS DETAILS
Shreenath Paper Products had 5.3 M shares on offer
Shreenath Paper Products IPO offer price was ₹44
Shreenath Paper Products IPO minimum Investment was ₹132000
Shreenath Paper Products IPO issue size was ₹ 233.6 M
Shreenath Paper Products had a minimum lot size of 3000 Shares per application
Shreenath Paper Products NUMBER OF SHARES ON OFFER
Shreenath Paper Products IPO IMPORTANT DATES
| Issue Open Date | 25 Feb 2025 |
| Issue close Date | 28 Feb 2025 |
| Allotment Date | 03 Mar 2025 |
| Refund Date | 04 Mar 2025 |
| Demat Account Credit Date | 04 Mar 2025 |
| Listing Date | 05 Mar 2025 |
| Listing on Exchange(s) | BSE |
| Shreenath Paper Products Allotment Status | Exchange |
Shreenath Paper Products IPO subscription opened on 25 Feb 2025, and closed on 28 Feb 2025
IPO allotment for Shreenath Paper Products was finalized on Monday, 03 Mar 2025
IPO listing for Shreenath Paper Products was on BSE on Wednesday, 05 Mar 2025
Shreenath Paper Products IPO LISTING GAINS
| Issue Price (adjusted) | 44.0 |
| Listing Open Price | 35.2 |
| Listing Close Price | 33.4 |
| Listing Gain% | -20.0% |
| Current Gain% | -70.5% |
Shreenath Paper Products Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shreenath Paper Products Ltd. | 13 | 25.6 | 8.9 | -7.7 | 0.2 | 6.3 | 3.6 | 121.6 | 14.6 | 2.9 | -1.2 | 1.5 | -1.2 |
| Aditya Birla Real Estate Ltd. | 1382.8 | 15445.3 | -149.6 | -4.2 | 37.9 | -2.8 | -0.5 | 459.2 | -63.5 | -103.2 | 36 | -9.2 | 36 |
| JK Paper Ltd. | 387 | 7017.9 | 21.6 | -2.8 | 1 | 4.8 | 2.5 | 7136.1 | 4.5 | 265.8 | -35.1 | 17.9 | -7.7 |
| West Coast Paper Mills Ltd. | 599.1 | 3957 | 26.3 | -0.5 | 0.9 | 4.2 | 2.8 | 4393.2 | 2.8 | 150.6 | -51.6 | 22.8 | -51.6 |
| KS Smart Technologies Ltd. | 106.4 | 1745.7 | -5409.3 | 81.8 | 859.1 | -0.1 | -0.1 | 2.1 | -0.3 | -66 | 0 | -66.1 | |
| Seshasayee Paper & Boards Ltd. | 229.2 | 1445.6 | 14.6 | 1.1 | 0.8 | 4 | 3.3 | 1759.2 | -3.5 | 82.5 | -24.4 | 15.7 | 13 |
Shreenath Paper Products INFORMATION ON IPO ISSUE
About Shreenath Paper Products
Shreenath Paper Products Ltd. was established on October 10, 2011. The company provides supply chain solutions for industries reliant on various types of paper, including coating-based, food-grade, and adhesive papers. Its offerings include sublimation base paper, thermal base paper, straw paper, cone sleeve paper, cup stock paper, and specialty PSA sheets.
Object of the Issue
- Meeting incremental working capital requirements
- General corporate purposes
Shreenath Paper Products - PROMOTERS
| Name |
|---|
| Alok Parekh |
| Ronak Parekh |
| Navneetdas Parekh |
| Harish Parekh |
| Hasumati Navneetdas Parekh |
| Hasumati Harish Parekh |
| Sayali Parekh |
| Neha Parekh |
Shreenath Paper Products Lead Manager of the Issue
Galactico Corporate Services Limited
imran.gm@galacticocorp.com
Shreenath Paper Products Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Shreenath Paper Products Strengths
Extensible business model
The paper supplied by the company is used across various industries, including ATMs & POS terminals, heat-sensitive printers, FMCG, restaurants, food & beverage, fireworks, pharmaceuticals, tobacco, white goods packaging, security labels, textiles, advertising, education, and utensils
Strong supplier network
The company has built strong relationships with suppliers, ensuring a resilient supply chain. By strategically engaging with paper mills, dealers, and distributors across the country, it optimizes location advantages, manufacturing capabilities, pricing, and delivery schedules for seamless distribution
Diversified product portfolio
The company provides a wide range of papers, specialty papers, stationery, and packaging solutions for diverse industries. Applications include labels, publicity materials, packaging, legal documents, printing, office supplies, and customized specialty papers tailored to specific customer needs
Shreenath Paper Products Risks
Limited financial flexibility
Restrictive covenants in financing agreements may limit financial and operational flexibility. Any breach of these covenants could lead to lender actions, potentially impacting business operations, financial condition, and growth prospects
Order execution delays
Order execution may face delays or cancellations due to factors beyond control, such as permit issues or unforeseen obstacles. Timely delivery challenges could impact business operations and customer satisfaction
Dependent on purchase orders
Sales rely on customer purchase orders without long-term contracts, creating uncertainty in future demand. A shift in buying patterns or loss of major customers could impact revenue, requiring market diversification or new buyers
IPO FAQs
The promoters of the company are Alok Parekh, Ronak Parekh, Navneetdas Parekh, Harish Parekh, Hasumati Navneetdas Parekh, Hasumati Harish Parekh, Sayali Parekh and Neha Parekh.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 44.0 - 44.0.
The IPO application opens on Feb 25, 2025 and closes on Feb 28, 2025.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 132,000.0.
This IPO will be allotted on Mar 03, 2025.
The refund will be credited to your account on Mar 04, 2025.
The allotted shares will be credited to your demat on Mar 04, 2025.
Shreenath Paper Products Ltd.’s shares listed on the stock exchanges on Mar 05, 2025.