IPO

Shree Refrigerations Limited IPO

BSE SME

Listed On: Aug 1, 2025 at ₹ 169.85

₹ 250000 /2000 Shares
*Min Investment

Check Allotment

25 Jul, 2025

Open Date

29 Jul, 2025

Close Date

30 Jul, 2025

Allotment Date

01 Aug, 2025

Listing Date
Shree Refrigerations IPO Issue Details
  • Issue Price ₹119-125 per equity share
  • Face Value ₹2 Per Equity Share
  • Total Issue Size 93,86,000 shares(aggregating up to ₹117.33 crore)
  • Fresh Share 70,91,000 shares(aggregating up to ₹88.64 crore)
  • Offer For Sale 18,25,000 shares(aggregating up to ₹22.81 crore)
  • Listing at BSE SME
  • List Price 169.85
  • Listing Date 2025-08-01
  • Lead Manager Narnolia Financial Services Ltd
  • Registrar MUFG Intime India Private Limited (Link Intime)
Market Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)22000₹2,50,000
Retail(max)22000₹2,50,000
NII (min) 33,000₹3,75,000
Shree Refrigerations IPO Reservation

Shree Refrigerations IPO offers total 32,64,000 shares. Out of which NA (18.97%) allocated to QIB, 4,65,600 (14.26%) allocated to NII,10,86,400 (33.28%) allocated to RII, NA (NA%) allocated to employees and NA (28.43%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (28.43%)
Market Maker Shares OfferedNA (5.05%)
QIB Shares OfferedNA (18.97%)
NII (HNI) Shares Offered4,65,600 (14.26%)
Retail Shares Offered10,86,400 (33.28%)
Total Shares Offered32,64,000 (100%)
Shree Refrigerations IPO Documents
DRHP
RHP
Shree Refrigerations IPO Details


Shree Refrigerations Limited IPO is an SME IPO, priced at ₹119-125 per equity share. The equity shares have a face value of ₹2 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 93,86,000 equity shares, aggregating up to ₹117.33 crores..

The IPO bidding window is open from Jul 25, 2025 to Jul 29, 2025. The allotment is expected to be finalized on Jul 30, 2025, and the tentative listing date is Aug 1, 2025.

The minimum lot size for retail investors is 2000 shares, with a minimum investment of ₹2,50,000. For HNIs, the minimum application size is 3 lots , amounting to ₹ 3,75,000.

Narnolia Financial Services Ltd is acting as the lead manager to the issue. The registrar of the IPO is MUFG Intime India Private Limited (Link Intime), and

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Shree Refrigerations IPO Subscription Analysis And Details
Retail
195.05x
Total
187.55x
As onQIB / NIIRetailTotal
Shares Offered / Reserved17,82,000 / 13,38,00031,22,00062,42,000
Day 1 25-07-25 06:00 PM
0.00 / 1.43 x3.60 x2.11 x
Day 2 28-07-25 06:00 PM
2.25 / 11.88 x34.85 x20.62 x
Day 3 29-07-25 06:00 PM
167.32 / 197.01 x195.05 x187.55 x
Total No of Applications
3,10,085
Shree Refrigerations Valuations
EPS Pre IPO ₹5.25/-
EPS Post IPO ₹/-
P/E Pre IPO 23.81
ROE 15.44%
ROCE 23.22%
Debt/Equity 0.37
RoNW 15.44%
PAT Margin 13.72%
Price to Book Value 4.98
Shree Refrigerations Company Financials
In Crs.
In Cr.
31-Mar-2531-Mar-2431-Mar-23
Assets185.60124.1194.32
Revenue99.1081.1950.90
Profit After Tax13.5512.332.57
Net Worth114.7461.5245.22
Reserves & Surplus109.1356.6221.25
Total Borrowing39.7336.8032.07
About Shree Refrigerations Company

Founded in 2006, Shree Refrigerations Limited specializes in the production of HVAC units, ranging from air and water-cooled condensing units, chillers, to spray dampening systems.

Shree Refrigerations Limited caters to numerous industries, including automotive, marine, print media, chemical, pharmaceutical, and general engineering.The company provides chillers, test equipment, marine HVAC units, and printing chillers, as well as custom fabrication facilities according to engineering industry standards and customer requirements.

The manufacturing unit of the company in Karad, Maharashtra, is well-furnished with machinery, testing, and handling equipment to provide products as per pre-determined quality standards.The company deals in chillers, test equipment, marine HVAC systems, and printing chillers, along with specialized fabrication services, working together with clients to design engineered components meeting quality requirements.

Services:
Chiller: Installation of HVAC System ,Repairs of Plants and Equipcertifications & Recognition
Fabrication: Order and Design, Material Management, CNC Programming and Production, Painting Process
Other Products and Services: Cabin Leakage Tester, Air Flow Measurement Rig, Psychometric Lab.

The company had 129 permanent and 165 contractual employees as of May 31, 2025.

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Shree Refrigerations - Promoter(s)

Mr. Ravalnath Gopinath Shende

Mrs. Rajashri Ravalnath Shende

Mrs. Devashree Vishwesh Nampurkar

Pre Issue Share Holding : 56.60%

Post Issue Share Holding : 44.70%

Shree Refrigerations IPO - Issue Objectives
1

Funding the Working Capital requirement

2

General Corporate Purposes

Contact Details

Shree Refrigerations

Plot. No. 131/1+2, Opp. MSEB Stores, Virwade Road, Ogalewadi, Karad, Maharashtra, 415105

02164-272015

Investor@shreeref.com

http://www.shreeref.com/

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

+91-22-4918 6270

shreerefrigerations.ipo@linkintime.co.in

https://in.mpms.mufg.com/Initial_Offer/public-issues.html