Shreenath Paper Products came to market through an SME IPO that opened on 25 February 2025 and closed on 28 February 2025, and the shares listed on 5 March 2025 on BSE SME. The price band was ₹44 per share and one lot was 3000 shares, so the minimum application was ₹1,32,000. The issue size was ₹23.36 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Ltd was the registrar to the issue, and Galactico Corporate Services Limited was the lead manager.
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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.
As described in the offer document.
| Metric | 31-Dec-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
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Alok Parekh, Ronak Parekh, Navneetdas Parekh, Hasumati Navneetdas Parekh, Harish Parekh, Hasumati Harish Parekh, Neha Parekh, Sayali Parekh. Promoter holding 100% before the issue and 72.98% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Shreenath Paper Products IPO was a ₹23.36 crore fixed-price issue, made up entirely of a fresh issue. It was priced at ₹44 per share with a lot size of 3,000 shares (₹1,32,000). The IPO was open from February 25 to February 28, 2025. Shares listed on BSE SME on March 5, 2025 at ₹35.20, a 20.0% discount to the issue price of ₹44. Bigshare Services Pvt Ltd is the registrar. Galactico Corporate Services Limited is the book running lead manager.
The issue price of Shreenath Paper Products IPO is ₹44 per share (fixed price).
The lot size of Shreenath Paper Products IPO is 3000 shares.
The minimum investment for Shreenath Paper Products IPO is approximately ₹1,32,000 based on the issue price.
The allotment date of Shreenath Paper Products IPO is Mar 3, 2025.
You can check Shreenath Paper Products IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Shreenath Paper Products IPO allotment status on Rupix for quick and easy access.
₹44 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 3000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,32,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,32,000, for one lot of 3000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 25 February 2025 and closed on 28 February 2025.
The basis of allotment was published on 3 March 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 5 March 2025 on BSE SME.
The issue size was ₹23.36 crore. The fresh issue was 53,10,000 shares (aggregating up to ₹23.36 crore).