Shreenath Paper IPO is scheduled to open for subscription on February 25, 2025, and will close on February 28, 2025. This IPO is a Fixed Price Issue, with a price band set at ₹44 per share. The company aims to raise approximately ₹23.36 crores through a fresh issue of 53.10 lakh equity shares, each with a face value of ₹10. The IPO allotment is expected to be finalized on March 3, 2025, and the shares are set to be listed on the BSE SME platform on March 5, 2025.
For retail investors, the minimum application lot size is 3,000 shares, requiring an investment of ₹1,32,000. High Net-worth Individuals (HNI) must apply for a minimum of two lots (6,000 shares), amounting to ₹2,64,000. The allocation quotas for retail investors, Qualified Institutional Buyers (QIBs), and High Net-worth Individuals (HNIs) are yet to be disclosed.
Financially, the company reported a revenue of ₹189.67 crores in 2024, compared to ₹206.7 crores in 2023. The profit stood at ₹4.39 crores in 2024, slightly higher than ₹4.38 crores in 2023. Given its stable financial performance, long-term investors may consider applying for this IPO.
Overview of Contents
About Shreenath Paper IPO
Shreenath Paper Products Limited, incorporated in 2011, specializes in providing supply chain solutions for industries that utilize paper materials in their manufacturing processes. The company supplies a wide range of papers, including coated, food-grade, machine-glazed, and adhesive papers, catering to various industrial needs. Its key markets include Maharashtra, Gujarat, and Madhya Pradesh, with a focus on sectors like FMCG, textiles, pharmaceuticals, packaging, food & beverages, and e-commerce.
The company offers an extensive product portfolio, including sublimation base paper, thermal base paper, straw paper, cup stock paper, security PSA sheets, high-strength paper, and more. Additionally, it supplies coated paper used for printing brochures, magazines, posters, labels, stickers, and sachets. Specialty papers such as parchment, ledger, cup stock, and MG poster paper are also part of its offerings, catering to unique industry needs.
With a business model centered around customer requirements, Shreenath Paper Products defines specifications, sources specialized manufacturers, tests samples, and supplies materials in various grades made from recycled paper, bagasse, and virgin pulp. The company emphasizes continuous product innovation and geographical expansion to strengthen its market presence.
As of December 31, 2024, Shreenath Paper Products Limited had a team of nine employees. Its competitive strengths include an extensible business model, a strong supplier network, a multi-product portfolio, long-standing customer relationships, and an experienced management team. The company aims to achieve consistent growth by expanding its customer base, introducing new products, and evolving its business model to meet the dynamic demands of the printing and packaging industries.
By focusing on supply chain efficiency, cost-effectiveness, and product innovation, the company ensures smooth operations for its clients while driving its own profitability and growth in the highly competitive paper industry.
Shreenath Paper IPO Overview
| IPO Event | Details |
|---|---|
| Subscription Period | February 25, 2025 - February 28, 2025 |
| Expected Listing Date | To Be Announced |
| Face Value per Share | ₹10 |
| IPO Price | ₹44 per equity share |
| Minimum Lot Size | 3,000 Shares |
| Total Shares Offered | 53,10,000 shares |
| Total IPO Size | ₹23.36 Crores |
| Fresh Equity Issuance | 53,10,000 shares (₹23.36 Crores) |
| IPO Type | Fixed Price Offering |
| Stock Exchange for Listing | BSE SME |
| Pre-Issue Shareholding | 1,43,44,200 shares |
| Post-Issue Shareholding | 1,96,54,200 shares |
Shreenath Paper IPO Prospectus
| Shreenath Paper IPO DRHP | Click here |
| Shreenath Paper IPO RHP | Click here |
Objects of the Issue
- Meeting incremental working capital requirements
- General corporate purposes
Shreenath Paper IPO Lot Size
| Investor Category | Lots Applied | Total Shares | Investment Amount |
|---|---|---|---|
| Minimum for Retail Investors | 1 Lot | 3,000 Shares | ₹1,32,000 |
| Maximum for Retail Investors | 1 Lot | 3,000 Shares | ₹1,32,000 |
| Small HNI (HNI Minimum Investment) | 2 Lots | 6,000 Shares | ₹2,64,000 |
Shreenath Paper IPO Promoter Shareholding
Shreenath Paper Products Limited is led by a strong promoter group, including key members of the Parekh family. Their leadership has been instrumental in shaping the company’s strategic direction and operational growth. Before the IPO, the promoters hold complete ownership of the company. However, post-issue, their stake will be reduced as shares are offered to the public, ensuring a diversified investor base.
| Stage | Shareholding Percentage |
|---|---|
| Before IPO | 100.00% |
| After IPO | 72.98% |
Shreenath Paper IPO Dates
| Event | Date |
|---|---|
| IPO Opening Date | Tuesday, February 25, 2025 |
| IPO Closing Date | Friday, February 28, 2025 |
| Basis of Allotment Finalization | Monday, March 3, 2025 |
| Refund Initiation | Tuesday, March 4, 2025 |
| Shares Credited to Demat Accounts | Tuesday, March 4, 2025 |
| IPO Listing Date | Wednesday, March 5, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on February 28, 2025 |
Shreenath Paper Products Limited Financial Performance (₹ in Crores)
| Metrics | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Dec 2024 |
|---|---|---|---|---|
| Revenue | 141.75 | 206.7 | 189.67 | 78.62 |
| Profit After Tax | 1.34 | 4.38 | 4.39 | 2.41 |
| Assets | 30.82 | 50.95 | 60.34 | 62.25 |
| Net Worth | 5.65 | 10.54 | 18.93 | 21.34 |
| Reserves & Surplus | 4.97 | 9.8 | 4.59 | 6.99 |
| Total Borrowing | 16.73 | 25.01 | 28.89 | 31.37 |
Shreenath Paper IPO Valuation – FY2024
| Metric | Value |
|---|---|
| Return on Equity (ROE) | 23.19% |
| Return on Capital (ROCE) | 19.32% |
| EBITDA Margin | 3.11% |
| Profit After Tax (PAT) Margin | 2.36% |
| Debt-to-Equity Ratio | NA |
| Earnings Per Share (EPS) | ₹3.07 (Basic) |
| Price-to-Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 23.19% |
| Net Asset Value (NAV) Per Share | ₹13.20 |
Shreenath Paper IPO – Peer Group Comparison
| Company | Earnings Per Share (EPS) | Price-to-Earnings (P/E) Ratio | Return on Net Worth (RoNW) | Net Asset Value (NAV) Per Share | Revenue |
|---|---|---|---|---|---|
| JK Paper Ltd | 53.27 | 6.78 | 19.82% | ₹268.74 | – Cr. |
| Star Paper Mills Ltd | 41.01 | 4.51 | 9.89% | ₹414.70 | – Cr. |
| Seshasayee Paper And Boards Limited | 43.06 | 6.78 | 14.12% | ₹305.24 | – Cr. |
Shreenath Paper IPO Review
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Company Address
Shreenath Paper Products Limited
Shop no. 5, Plot no.136, N-1,
Masco Corner API Road,
Cidco, Aurangabad, 431003
Phone: +91 0240-2489888
Email: info@shreenathpaper.com
Website: https://shreenathpaper.com/
Shreenath Paper IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html