IPO

Shreenath Paper Products Limited IPO

BSE SME

Listed On: Mar 5, 2025 at ₹ 35.2

₹ 264000 /6000 Shares
*Min Investment

Check Allotment

25 Feb, 2025

Open Date

28 Feb, 2025

Close Date

03 Mar, 2025

Allotment Date

05 Mar, 2025

Listing Date
Shreenath Paper Products IPO Issue Details
  • Issue Price ₹44 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 53,10,000 shares(aggregating up to ₹23.36 crore)
  • Fresh Share 53,10,000 shares(aggregating up to ₹23.36 crore)
  • Listing at BSE SME
  • List Price 35.2
  • Listing Date 2025-03-05
  • Lead Manager Galactico Corporate Services Limited
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 3000 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.

Application Lots Shares Amount
Retail (min) 1 3000 ₹1,32,000
Retail(max) 1 3000 ₹1,32,000
NII (min) 2 6000 ₹2,64,000
Shreenath Paper Products IPO Reservation

Shreenath Paper Products IPO offers total 53,10,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,25,14,000 (47.34%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered NA (NA%)
Market Maker Shares Offered 2,82,000 (5.31%)
Retail Shares Offered 25,14,000 (47.34%)
Total Shares Offered 53,10,000 (100%)
Shreenath Paper Products IPO Documents
DRHP
RHP
Shreenath Paper Products IPO Details


Shreenath Paper Products Limited IPO is an SME IPO, priced at ₹44 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 53,10,000 equity shares, aggregating up to ₹23.36 crores..

The IPO bidding window is open from Feb 25, 2025 to Feb 28, 2025. The allotment is expected to be finalized on Mar 3, 2025, and the tentative listing date is Mar 5, 2025.

The minimum lot size for Retail investors is 3000 shares, with a minimum investment of ₹1,32,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,64,000.

Galactico Corporate Services Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Pure Broking Private Limited will act as the market maker for this issue.

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Shreenath Paper Products IPO Subscription Analysis And Details
Retail
3.18x
Total
1.85x
As on QIB / NII Retail Total
Shares Offered / Reserved 25,14,000 25,14,000 50,28,000
Day 1 25-02-25 06:00 PM
0.02 x 0.28 x 0.15 x
Day 2 27-02-25 06:00 PM
0.09 x 1.18 x 0.63 x
Day 3 28-02-25 06:00 PM
0.52 x 3.18 x 1.85 x
Total No of Applications
3,936
Shreenath Paper Products Valuations
EPS Pre IPO ₹3.06/-
EPS Post IPO ₹1.63/-
P/E Pre IPO 14.37
P/E Post IPO 26.97
ROE 23.19%
ROCE 19.32%
RoNW 23.19%
PAT Margin 2.36
Price to Book Value 3.33
Shreenath Paper Products Company Financials
In Crs.
In Cr.
31-Dec-24 31-Mar-24 31-Mar-23 31-Mar-22
Assets 62.25 60.34 50.95 30.82
Revenue 78.62 189.67 206.7 141.75
Profit After Tax 2.41 4.39 4.38 1.34
Net Worth 21.34 18.93 10.54 5.65
Reserves & Surplus 6.99 4.59 9.80 4.97
Total Borrowing 31.37 28.89 25.01 16.73
About Shreenath Paper Products Company

Incubated in 2011, Shreenath Paper Products Limited is involved in providing supply chain solutions to those industries which consume paper products like coated, food-grade, machine-glazed, and adhesive papers in their manufacturing operations.

The company provides several types of papers, including sublimation base paper, thermal base paper, straw paper, cup stock paper, security PSA sheets, high-strength paper, C2S and C1S papers, and others.

The company knows customer requirements, formulates specifications, identifies specialized producers, inspects samples, arranges material purchases in required sizes, and distributes paper in grades of recycled paper, bagasse, and virgin pulp.

The company distributes paper products utilized by industries like FMCG, textiles, pharmaceuticals, packaging, food & beverages, e-commerce, and others, mainly in Maharashtra, Gujarat, and Madhya Pradesh.

As of 31st December 2024, the company employed 9 people.

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Shreenath Paper Products - Promoter(s)

Alok Parekh

Ronak Parekh

Navneetdas Parekh

Hasumati Navneetdas Parekh

Harish Parekh

Hasumati Harish Parekh

Neha Parekh

Sayali Parekh

Pre Issue Share Holding : 100%

Post Issue Share Holding : 72.98%

Shreenath Paper Products IPO - Issue Objectives
1

Meeting incremental working capital requirements

2

General corporate purposes

Shreenath Paper Products IPO - Peers Comparison
Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
Shreenath Paper Products Limited 3.07 3.07 13.2 14.33 23.19 3.38 Standalone
Jk Paper Ltd. 53.27 53.27 268.74 6.78 19.82 1.2 Standalone
Star Paper Mills Ltd. 41.01 41.01 414.7 4.51 9.89 0.54 Standalone
Seshasayee Paper & Boards Ltd. 43.06 43.06 305.24 6.78 14.12 0.96 Standalone

Notes:

  1. P/E Ratio for the peer has been computed based on the closing market price of respective equity shares as on January 30, 2025, sourced from the website of the Stock Exchange as divided by the Basic/diluted EPS as applicable.
Contact Details

Shreenath Paper Products

Shop no. 5, Plot no.136, N-1, Masco Corner API Road, Cidco, Aurangabad, 431003

+91 0240-2489888

info@shreenathpaper.com

https://shreenathpaper.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html