Shreenath Paper IPO Allotment Status

Summary

Shreenath Paper Products Limited, established in 2011, specializes in providing comprehensive supply chain solutions for industries that utilize paper materials. Their product portfolio encompasses a wide range of paper types including sublimation base paper, thermal base paper, coated paper, and specialty papers that serve diverse sectors such as FMCG, textiles, pharmaceuticals, packaging, and e-commerce. Operating primarily in Maharashtra, Gujarat, and Madhya Pradesh with a lean team of 9 employees as of December 2024, they focus on understanding client needs and sourcing specialized materials.

Shreenath Paper IPO comes with a total issue size of ₹23.36 crore, which is entirely a fresh issue of 53.10 lakh shares. The IPO opened on February 25, 2025, and closed on February 28, 2025. The allotment date for the Shreenath Paper IPO is expected to be finalized on Monday, March 3, 2025.

Steps to Check Shreenath Paper IPO Allotment Status on Registrar Site

• Visit Bigshare Services Pvt Ltd website
• Select "Shreenath Paper IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Shreenath Paper IPO Allotment Status on BSE

• Navigate to the BSE SME IPO Allotment Status Page
• Choose "Shreenath Paper IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Shreenath Paper IPO Subscription Status 

Shreenath Paper IPO received moderate investor interest, being subscribed 1.85 times overall. Here is a category-wise breakdown of the subscription as of 6:19:50 PM on February 28, 2025:

• Retail Category: 3.18 times
• Non-Institutional Investors (NII): 0.52 times

As of 6:19:50 PM
 

Utilization of IPO Proceeds 

The funds raised through the IPO will be utilized as follows:

• Working Capital: Meeting incremental working capital requirements
• General Corporate Purposes: Supporting various business initiatives

Shreenath Paper IPO - Listing Details 

The shares are scheduled to list on March 5, 2025, on BSE SME. The subscription rate of 1.85 times shows modest investor interest in Shreenath Paper's business model and growth prospects, with stronger participation from retail investors. The company has shown varied financial performance with revenue of ₹78.62 crore and profit after tax of ₹2.41 crore for the period ended December 31, 2024. While their diversified product portfolio and strong customer relationships are strengths, investors should note the inconsistency in financial performance and the company's dependence on third-party suppliers in a competitive paper products sector.