Shreenath Paper IPO Fully Subscribed on Final Day, Led by Retail Investors – Check GMP and Key Details
Shreenath Paper IPO, which opened for subscription on February 25, 2025, has been fully subscribed on its last bidding day, February 28, 2025. The IPO, which saw strong participation from retail investors, had a price band set at ₹44 per share, with a face value of ₹10. Investors were required to bid for a minimum of 3,000 shares and in multiples thereafter.
The IPO witnessed an overall subscription of 1.64 times, driven by an overwhelming response from the retail segment, which subscribed 2.8 times the allotted portion. Meanwhile, the Non-Institutional Investor (NII) category saw a 49% subscription.
Shreenath Paper IPO Subscription Status
The IPO gained momentum over three days, starting with 15% subscription on Day 1, followed by a 63% subscription on Day 2, before achieving full subscription on the final day of bidding.
As of 15:34 IST on the last day, the IPO had received bids for 82,71,000 shares, against 50,28,000 shares available, according to data from Chittorgarh.com.
| Subscription Category | Times Subscribed |
|---|---|
| Retail Investors | 2.8x |
| Non-Institutional Investors (NII) | 0.49x |
| Total | 1.64x |
About Shreenath Paper Products Limited
Founded in 2011, Shreenath Paper Products Limited is a specialized paper solutions provider, catering to industries that depend on coated, food-grade, machine-glazed, and adhesive papers. The company offers a wide range of paper products, including:
- Sublimation base paper
- Thermal base paper
- Straw paper
- Cup stock paper
- Security PSA sheets
- High-strength paper
The company focuses on understanding client needs, sourcing specialized paper products from manufacturers, and ensuring quality through rigorous testing. Shreenath Paper’s key markets include Maharashtra, Gujarat, and Madhya Pradesh, supplying industries such as FMCG, textiles, pharmaceuticals, packaging, food & beverages, and e-commerce.
Shreenath Paper IPO Details
- Issue Size: ₹23.36 crore
- Fresh Issue: 53,10,000 equity shares
- Offer for Sale (OFS): Nil
- IPO Price Band: ₹44 per share
- Lot Size: 3,000 shares per bid
- Book Running Lead Manager: Galactico Corporate Services Limited
- Registrar: Bigshare Services Pvt Ltd
- Market Maker: Pure Broking Private Limited
- Utilization of Funds: Working capital needs and general corporate purposes
Shreenath Paper IPO Grey Market Premium (GMP)
The grey market premium (GMP) for Shreenath Paper IPO today stands at ₹3, indicating that shares are trading at ₹47 per share in the unofficial market. This reflects a 6.82% premium over the IPO issue price of ₹44 per share.
| Shreenath Paper IPO Details | Value |
|---|---|
| IPO Price | ₹44 |
| GMP (Grey Market Premium) | ₹3 |
| Estimated Listing Price | ₹47 |
| Potential Gain | 6.82% |
💡 Note: GMP is based on demand in the unofficial market and may fluctuate before listing.
Shreenath Paper Financial Performance & Ratios
Shreenath Paper has demonstrated steady financial growth, with a focus on profitability and operational efficiency. Below are the key financial metrics and ratios:
| Financial Metric | Value |
|---|---|
| Revenue (FY 2024) | ₹85 crore |
| Net Profit (FY 2024) | ₹8.5 crore |
| Earnings Per Share (EPS) | ₹3.20 |
| Price-to-Earnings (P/E) Ratio | 13.75x |
| Return on Net Worth (RoNW) | 18.2% |
| Net Asset Value (NAV) per share | ₹17.58 |
📊 These figures highlight the company’s solid financial health and growth potential.
Should You Invest in Shreenath Paper IPO?
Positives:
✅ Growing demand for specialized paper products
✅ Strong client base across multiple industries
✅ Good revenue growth and profitability
✅ Attractive valuation compared to peers
Risks:
⚠️ Dependence on raw material price fluctuations
⚠️ Limited geographical presence
⚠️ Grey Market Premium (GMP) is moderate
Investors looking for exposure to the paper industry and supply chain solutions may find Shreenath Paper IPO a promising opportunity. However, considering the current GMP and subscription trends, it may see moderate listing gains.
Shreenath Paper IPO Allotment & Listing Date
- Basis of Allotment: March 1, 2025
- Refunds Initiated: March 3, 2025
- Shares Credited to Demat: March 4, 2025
- Listing Date (BSE & NSE): March 5, 2025
Final Thoughts
Shreenath Paper IPO has been fully subscribed on its final bidding day, driven primarily by retail investor demand. While the GMP indicates a modest premium, the company’s strong financials, diversified product offerings, and growing industry demand make it a stock to watch.
💰 Will you invest in Shreenath Paper IPO? Let us know your thoughts in the comments!
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.