Shree Refrigerations IPO Details
SME
Shree Refrigerations IPO opens for subscription on 25 Jul 2025 and closes on 29 Jul 2025. The IPO will be listed on BSE with the tentative listing date set for 01 Aug 2025.
Shree Refrigerations IPO price band has been fixed at ₹119 – ₹125 per share.The face value is ₹2 per share with a lot size of 1000.
Shree Refrigerations IPO total issue size comprises 93,86,000 shares (aggregating up to ₹117.33 Cr). This includes a fresh issue of 70,91,000 shares (aggregating up to ₹88.64 Cr). Offer for Sale consists of 18,25,000 shares (aggregating up to ₹22.81 Cr). Pre-issue shareholding stands at 2,80,69,409, which will increase to 3,56,30,409 post-issue.
Shree Refrigerations IPO carries a ₹70 (56%) GMP, reflecting investor sentiment.
Shree Refrigerations IPO Lot Size : Individual Minimum is 2 lots (2,000 shares) amounting to ₹250,000. Individual Maximum is 2 lots (2,000 shares) amounting to ₹250,000. SHNI Minimum is 3 lots (3,000 shares) amounting to ₹375,000. SHNI Maximum is 8 lots (8,000 shares) amounting to ₹1,000,000. BHNI Minimum is 9 lots (9,000 shares) amounting to ₹1,125,000.
The Lead Managers for Shree Refrigerations IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Narnolia Financial Services Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Mansi Share & Stock Broking Pvt Ltd. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Shree Refrigerations Limited RHP.
Shree Refrigerations IPO Details
Shree Refrigerations IPO Subscription
Shree Refrigerations IPO Application Wise Breakup
Shree Refrigerations IPO Dates
- 25 Jul 2025Opening dateOpen
- 29 Jul 2025Closing dateClose
- 30 Jul 2025Allotment Date Allotment
- 31 Jul 2025Initiation of RefundsRefund
- 31 Jul 2025Credit of SharesCredit
- 01 Aug 2025Listing dateListing
Shree Refrigerations IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 2000 | ₹250,000 |
| Individual Maximum | 2 | 2000 | ₹250,000 |
| SHNI Minimum | 3 | 3000 | ₹375,000 |
| SHNI Maximum | 8 | 8000 | ₹1,000,000 |
| BHNI Minimum | 9 | 9000 | ₹1,125,000 |
Shree Refrigerations IPO Reservation
Promoter Holding
Shree Refrigerations IPO Valuations
Shree Refrigerations Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 185.60 | 124.11 | 94.32 |
| Revenue | 99.10 | 81.19 | 50.90 |
| Profit After Tax | 13.55 | 11.53 | 2.57 |
| EBITDA | 26.94 | 24.38 | 11.90 |
| Net Worth | 114.74 | 60.72 | 45.22 |
| Reserves and Surplus | 109.13 | 55.82 | 21.25 |
| Total Borrowing | 39.73 | 36.80 | 32.07 |
| Amount in ₹ Crore | |||
About Shree Refrigerations IPO
Incorporated in 2006, Shree Refrigerations Limited is engaged in the manufacturing of HVAC systems, including air and water-cooled condensing units, chillers, and spray dampening systems.
The company serves various sectors, such as automotive, marine, print media, chemical, pharmaceutical, and general engineering.
The company offers a range of products, including chillers, test equipment, marine HVAC systems, and printing chillers, along with customized fabrication services to meet engineering industry standards and client needs.
The company's manufacturing facility in Karad, Maharashtra, is equipped with the necessary machinery, testing, and handling equipment to ensure products meet pre-determined quality standards.
The company offers chillers, test equipment, marine HVAC systems, and printing chillers, along with customized fabrication services, collaborating with clients to develop engineered components that meet quality standards.
Services:
- Chiller: Installation of HVAC System ,Repairs of Plants and Equipcertifications & Recognition
- Fabrication: Order and Design, Material Management, CNC Programming and Production, Painting Process
- Other Products and Services: Cabin Leakage Tester, Air Flow Measurement Rig, Psychometric Lab.
As of May 31, 2025, the company had 129 permanent employees and 165 contractual employees.
Strength Of Shree Refrigerations IPO
1. Low competition within the defense segment.
2. Capacity to attract a larger client base for marine chillers.
3. Good track record.
4. Cordial relations with our clients.
5. Quality of products and Services.
Risk Of Shree Refrigerations IPO
32. If we fail to maintain an effective system of internal controls, we may not be able to successfully manage or accurately report our financial risk.
33. Certain Agreements, deeds or licenses and certificates may be in the previous name of the company, we have to update the name of our company in all the statutory approvals and certificates due to the conversion of our Company.
34. Certain key performance indicators for certain listed industry peers included in this Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
35. Industry information included in this Red Herring Prospectus has been derived from an industry report from various websites. The reliability on the forecasts of the reports could be incorrect and would significantly impact our operations.
36. Our marketing and advertising activities may not be successful in increasing the popularity of our Company among customers. If our marketing or advertising initiatives are not effective, this may affect the popularity of our Company.
37. Our funding requirements and proposed deployment of the Net Proceeds have not been appraised by a bank or a financial institution and if there are any delays or cost overruns, we may have to incur additional cost to fund the objects of the Issue because of which our business, financial condition and results of operations may be adversely affected
38. Any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
39. We have not identified any alternate source of funding and hence any failure or delay on our part to mobilize the required resources or any shortfall in the issue proceeds may delay the implementation schedule.
40. Fluctuation of Interest rate may adversely affect the Company's business.
41. Our Company's future funding requirements, in the form of further issue of capital or other securities and/or loans that might be availed by us, may turn out to be prejudicial to the interest of the shareholders depending upon the terms and conditions on which they are raised.
Objectives Shree Refrigerations IPO
1. Funding the Working Capital requirement
2. General Corporate Purposes
Company Contact Details
Shree Refrigerations Limited
Plot. No. 131/1+2,
Opp. MSEB Stores, Virwade Road,
Ogalewadi,
Karad, Maharashtra
Phone: 02164-272015
Email: Investor@shreeref.com
Website: http://www.shreeref.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
Shree Refrigerations IPO - FAQs
The Shree Refrigerations IPO is a SME public issue comprising 9386000 equity shares with a face value of ₹2 each, aggregating to a total issue size of ₹117.33 Cr. The issue price has been fixed at ₹125 per equity share, and the minimum application size is 1000 shares.
The IPO opens for subscription on 25 Jul 2025, and closes on 29 Jul 2025.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹70 (56%).