SHREE REFRIGERATIONS LIMITED

25 Jul 2025 - 29 Jul 2025 Individual Category SME BSE

Min Investment

₹250000

Price Band

₹119-₹125

Issue Size

67.13 lakhs
Equity Shares

Lot Size

1000 (per lot)

IPO Dates
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25 Jul 2025

Open Date

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29 Jul 2025

Close Date

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30 Jul 2025

Allotment Date

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01 Aug 2025

Listing Date

Shree Refrigerations’ book‑built IPO comprises a total issue size of 67.13 lakh equity shares. Subscription runs from July 25 to 29, 2025, with allotment expected on July 30 and tentative BSE SME listing on August 1. It is Priced at Rs 125 per share, the lot size is 1,000 shares; retail investors must apply for at least 2 lots (Rs2,38,000) and HNIs for 3 lots (Rs3,75,000). Narnolia Financial Services is Lead Manager, MUFG Intime India (Link Intime) is Registrar, and Mansi Share & Stock Broking is Market Maker.

Know Before Investing

Strengths icon

  • Holds ISO 9001 and CE certifications for global quality compliance.
  • Nationwide service network ensures strong after-sales support.
  • 20+ years of installations in pharma and food processing sectors.

Weaknesses icon

  • Focused product line limits expansion into broader HVAC markets.
  • High inventory and receivables increase working capital pressure.
  • NSE Emerge listing may cause low liquidity and price fluctuations.

About Shree Refrigerations Limited

Shree Refrigerations Limited specialises in the design, manufacture, and servicing of commercial and industrial refrigeration systems. Headquartered in Ahmedabad, the company operates a vertically integrated facility producing compressors, condensers, and evaporators. Serving cold‑chain operators, large retailers, and pharmaceutical manufacturers, Shree Refrigerations emphasizes energy‑efficient solutions and rapid installation services. In FY 2023‑24, revenues stood at Rs98 crore with a net margin of 6%, reflecting stable profitability despite cyclical demand. With plans to expand the service network and introduce modular product lines, the company is well‑placed to tap into India’s growing refrigerated logistics and retail infrastructure demand.

Founded

2017

Managing Director

Ravalnath Gopinath Shende

Parent Organization

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IPO Objectives

Shree Refrigerations intends to deploy the net proceeds of its IPO predominantly to bolster its working capital, allocating Rs70 crores to support day-to-day operational expenses, enhance inventory management, and streamline procurement, distribution processes, and supplier relationships. The balance of the funds will be utilised for general corporate purposes, including strategic investments, debt servicing, and additional organisational initiatives.

Company Promoters

Mr. Dibyendu Deepak

Mr. Sankalpa Bhattacherjee

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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IPO Allotment

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