Shree Refrigerations Limited IPO
BSE SMEListed On: Aug 1, 2025 at ₹ 169.85
₹ 125000 /1000 Shares
Check Allotment25 Jul, 2025
Open Date29 Jul, 2025
Close Date30 Jul, 2025
Allotment Date01 Aug, 2025
Listing DateIssue Price
₹119-125 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE SMERegistrar
MUFG Intime India Private Limited (Link Intime)List Price
169.85Listing Date
2025-08-01Market Lot
Individual(Retail)(Min) : 2000 Shares (₹250,000/-)Individual(Retail)(Max) : 2000 Shares (₹250,000/-)
HNI(Min) : 3000 Shares (₹375,000/-)
Lead Manager
Narnolia Financial Services LtdIssue Size
93,86,000 shares(aggregating up to ₹117.33 Cr)Retail Portion
35%Subscription
187.55 timesShree 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
Shree Refrigerations IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 17,82,000 / 13,38,000 | 31,22,000 | 62,42,000 |
| Day 1 - 25-07-25 06:00 PM | 0.00 / 1.43 x | 3.60 x | 2.11 x |
| Day 2 - 28-07-25 06:00 PM | 2.25 / 11.88 x | 34.85 x | 20.62 x |
| Day 3 - 29-07-25 06:00 PM | 167.32 / 197.01 x | 195.05 x | 187.55 x |
Shree Refrigerations Valuations
EPS Pre IPO
₹5.25/-EPS Post IPO
₹/-P/E Pre IPO
23.81P/E Post IPO
ROE
15.44%ROCE
23.22%Debt/Equity
0.37RoNW
15.44%PAT Margin
13.72%Price to Book Value
4.98Shree Refrigerations Company Financials All values are in ₹ Cr.
| 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|
| Assets | 185.60 | 124.11 | 94.32 |
| Revenue | 99.10 | 81.19 | 50.90 |
| Profit After Tax | 13.55 | 12.33 | 2.57 |
| Net Worth | 114.74 | 61.52 | 45.22 |
| Reserves & Surplus | 109.13 | 56.62 | 21.25 |
| Total Borrowing | 39.73 | 36.80 | 32.07 |
About The 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.
Shree Refrigerations - Promoter(s)
Pre Issue Share Holding: 56.60%
Post Issue Share Holding: 44.70%
- Mr. Ravalnath Gopinath Shende
- Mrs. Rajashri Ravalnath Shende
- Mrs. Devashree Vishwesh Nampurkar
Shree Refrigerations IPO - Issue Objectives
- Funding the Working Capital requirement
- General Corporate Purposes
Other Details
Shree Refrigerations
Plot. No. 131/1+2, Opp. MSEB Stores, Virwade Road, Ogalewadi, Karad, Maharashtra, 415105MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: shreerefrigerations.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Shree Refrigerations IPO - FAQs
Ans. Shree Refrigerations Limited IPO is a SME IPO. The issue is priced at ₹119-125 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on Jul 25, 2025, and closes on Jul 29, 2025. MUFG Intime India Private Limited (Link Intime) is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Shree Refrigerations Limited IPO opens on Jul 25, 2025 and closes on Jul 29, 2025.
Ans. The size of Shree Refrigerations Limited IPO is 93,86,000 shares(aggregating up to ₹117.33 Cr).
Ans. The IPO price band is set between ₹119-125 per equity share.
Ans. To apply for Shree Refrigerations Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Shree Refrigerations Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Shree Refrigerations Limited IPO is Jul 30, 2025.
Ans. The Shree Refrigerations Limited IPO will be listed on Aug 1, 2025.
Ans. Follow the steps to check the allotment status for Shree Refrigerations Limited IPO here.
