IPO Details

Bidding Dates

25 Feb '25 - 28 Mar '25

Minimum Investment

₹1,32,000 / 1 Lot (3000 Shares)

Price Range

₹44

Maximum Investment

₹1,32,000 / 1 Lot (3000 Shares)

Retail Discount

To be announced

Issue Size

₹23.36 Cr

Investor category and sub category

To be announced

Shreenath Paper Products IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Feb 25, 25

IPO Closing Date

Feb 28, 25

Basis of Allotment

Mar 03, 25

Initiation of Refunds

Mar 04, 25

IPO Listing Date

Mar 05, 25

Shreenath Paper IPO Subscription Details

DateNIIRetailTotal

Day 1Feb 24, 2025

 0.02 0.28 0.15

About Shreenath Paper Products IPO

Shreenath Paper Products IPO is a fixed price issue valued at ₹23.36 crore. It is a 100% fresh issue of 53.10 lakh shares. It opened for subscription today and is closing soon on February 28, 2025. The allotment is expected to be finalised on March 3, 2025, with a tentative listing date of March 5, 2025, on the BSE SME platform.

The IPO price is set at a price of ₹44 per share. Retail investors need a minimum investment of ₹1,32,000 for one lot of 3000 Shares, while HNI investors must invest in at least 2 lots, amounting to ₹2,64,000.

Galactico Corporate Services Limited is the book-running lead manager for this issue, while Bigshare Services Private Limited serves as the registrar. The market maker for Shreenath Paper IPO is Pure Broking Private Limited.

For detailed financial and operational information, investors can refer to the Shreenath Paper Products IPO RHP. This IPO presents an opportunity to invest in a growing enterprise listed on the SME platform.

Industry Outlook

  1. The Indian paper and packaging industry is witnessing robust growth, driven by increasing demand from sectors such as e-commerce, food processing, pharmaceuticals, FMCG, manufacturing, and healthcare. The industry, valued at $50.5 billion in 2019, is projected to reach $204.81 billion by 2025, registering a CAGR of 26.7%. 
  2. Government initiatives like 'Make in India' and infrastructure development programs are contributing to the sector's expansion, enhancing domestic manufacturing and streamlining supply chains. The paper industry in India has significantly advanced in sustainability, reducing water usage by 80% and investing $3.05 billion (₹25,000 crore) in eco-friendly production processes.

Shreenath Paper Products IPO Objectives 

The company proposes to utilise the net proceeds from the IPO for the following objectives:

  1. Allocate ₹1,800 lakhs for incremental working capital requirements for FY 2025 and 2026.
  2. Utilise ₹287.16 lakhs for general corporate purposes, maintaining financial flexibility.
  3. Fund issue-related expenses amounting to ₹249.24 lakhs from the IPO proceeds.
  4. Strengthen the balance sheet by reducing financial liabilities.

About Shreenath Paper Products Limited 

Shreenath Paper Products Limited was originally incorporated as “Shreenath Paper Products Private Limited” on October 10, 2011, under the Companies Act, 1956, with the objective of acquiring and taking over the existing proprietorship business of M/s Shrinath Papers. The company transitioned into a public limited company on April 20, 2023, with a fresh certificate of incorporation issued by the Registrar of Companies, Mumbai.

The company primarily engages in providing supply chain solutions to industries where paper forms a significant part of their raw materials. Shreenath Paper Products specialises in various types of paper, including sublimation base paper, thermal base paper, straw paper, cup stock paper, poster paper, and high-strength paper. It also caters to industries such as FMCG, textiles, pharmaceuticals, e-commerce, and packaging.

With a focus on quality and sustainability, the company sources paper made from waste recycled papers, bagasse base (agricultural waste), and virgin pulp, offering a wide range of grades from 24-350 grams per square meter (GSM). The company operates on a B2B model, supplying products to domestic markets, particularly in Maharashtra, Gujarat, and Madhya Pradesh.

Through its IPO, Shreenath Paper Products aims to enhance working capital, support general corporate purposes, and strengthen its financial position for sustained growth and market competitiveness.

How To Check the Allotment Status of the Shreenath Paper Products IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Shreenath Paper Products IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Shreenath Paper Products IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Shreenath Paper Products IPO 

Registered office: Shop No. 5, Plot No. 136, N-1, Masco Corner API Road,

Cidco, Aurangabad, Maharashtra, India, 431003

Phone: +91 0240-2489888

E-mail: info@shreenathpaper.com

Shreenath Paper Products IPO Lot Size

Application

Lots

Shares

Amount

Retail (Min)

1

3000

₹1,32,000

Retail (Max)

1

3000

₹1,32,000

HNI (Min)

2

6000

₹2,64,000

Shreenath Paper Products IPO Promoter Holding

Alok Parekh, Ronak Parekh, Navneetdas Parekh, Hasumati Navneetdas Parekh, Harish Parekh, Hasumati Harish Parekh, Neha Parekh and Sayali Parekh are the promoters of the company.

Share Holding Pre-Issue

100.00%

Share Holding Post Issue

72.98%

Key Performance Indicators for Shreenath Paper Products IPO

As of March 31, 2024, the market capitalisation of Shreenath Paper Products's IPO is ₹86.48 crore. Here are the KPIs of Shreenath Paper Products:

KPI

Value

RoE (%)

23.19

RoCE (%)

19.32

EBITDA Margin (%)

3.11

PAT Margin (%)

2.36

Price Metrics

Metric

Pre-IPO

Post-IPO

EPS (₹)

3.06

1.63

P/E (x)

14.37

26.97

Note: The Pre IPO EPS is calculated based on pre-issue shareholding as of the date of RHP and the latest FY earnings as of March 31, 2024, that is available in RHP.

The post-issue EPS is calculated based on the post-issue shareholding and annualised FY earnings of December 31, 2024, that are available in RHP.

Shreenath Paper Products IPO Prospectus

Shreenath Paper Products IPO Registrar and Lead Managers

Shreenath Paper Products IPO Lead Managers

  • Galactico Corporate Services Limited 

Registrar for Shreenath Paper Products IPO

Bigshare Services Private Limited

Shreenath Paper Products IPO Registrar

Know before investing

Strengths

8

  1. Extensible business model catering to diverse industries, including FMCG, textiles, pharmaceuticals, e-commerce, food and beverages, and packaging sectors​.

  2. Strong network of suppliers and strategic partnerships with paper mills and distributors, ensuring consistent raw material availability and competitive pricing​.

  3. Multi-product portfolio, offering over 10 varieties of paper, including sublimation base paper, thermal base paper, straw paper, cup stock paper, and industrial-grade paper​.

  4. Asset-light and order-driven business model that optimises resource utilisation and enhances operational efficiency​.

  5. Strong relationships with key customers, contributing significantly to revenue and fostering repeat business​.

  6. Experienced management team with a proven track record of driving business growth and operational excellence​.

  7. Robust financial performance with sustained growth across key financial indicators, reflecting strong profitability and a solid balance sheet​.

  8. Strategic focus on increasing product range and moving up the value chain to capture higher-margin opportunities​.

Risks

8

  1. Intense competition from existing players and new entrants, potentially impacting market share and pricing power​.

  2. Dependence on third-party manufacturers without formal agreements, leading to risks in supply chain continuity​.

  3. Exposure to fluctuations in raw material prices, including paper and pulp, which could affect profitability​.

  4. Cyclical nature of the paper industry, making revenues vulnerable to economic downturns and reduced demand​.

  5. Reliance on the performance of end-user industries such as FMCG, pharmaceuticals, e-commerce, and packaging​.

  6. Supply chain disruptions, including transportation strikes, weather-related issues, and logistics challenges​.

  7. Regulatory risks, including the requirement for multiple approvals and licenses, which could affect operations if not maintained​.

  8. Economic slowdowns and adverse events in key sectors could negatively impact demand for paper products​.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
Play Button

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Play Button

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Shreenath Paper IPO FAQs

What is the Shreenath Paper Products IPO?

Shreenath Paper Products IPO is a fixed price issue IPO. It will be open from February 25, 2025, to February 28, 2025.

When will the Shreenath Paper Products IPO be allotted?

The Basis of Allotment will happen on Monday, March 3, 2025.

When will the Shreenath Paper Products IPO open for subscription?

The IPO subscription window will open on February 25, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 3000 shares.

When will Shreenath Paper Products Limited list on exchanges?

The listing date for Shreenath Paper Products Limited is Wednesday, March 5, 2025.

What is the issue size of the Shreenath Paper Products IPO?

The issue size of the Shreenath Paper Products IPO is up to ₹23.36 crores, consisting of a 100% fresh issue of 53.10 lakh shares.

What are the open and close dates of the Shreenath Paper Products IPO?

The open and close dates for Shreenath Paper Products IPO are from February 25, 2025, to February 28, 2025.

What would be the listing gains on the Shreenath Paper Products IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. 

How to increase your chances of getting an Shreenath Paper Products IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the Shreenath Paper Products IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Shreenath Paper Products Limited using one PAN?

You can submit only one application using your PAN card.

How to read Shreenath Paper Products Limited's financial statements?

To read Shreenath Paper Products’s financial statements, download the IPO’s  RHP document.

What is 'pre-apply' for Shreenath Paper Products Limited IPO?

Pre-apply allows investors to apply for the  Shreenath Paper Products  IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Shreenath Paper Products Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Shreenath Paper Products Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts. 

Who is the registrar of Shreenath Paper Products IPO?

Bigshare Services Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Shreenath Paper Products IPO getting listed?

Shreenath Paper Products Limited IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).