Key Highlights:
- Shreenath Paper Products Limited is raising Rs. 23.36 crore through its IPO.
- The IPO will open on February 25, 2025, and close on February 28, 2025.
- The company plans to issue 53.10 lakh equity shares at Rs. 44 each, with a face value of Rs. 10.
Aurangabad, Maharashtra 23 February 2025: The Rs. 23.36 crore Initial Public Offering (IPO) of Shreenath Paper Products Limited, a leading provider of supply chain solutions for specialised paper industries, will open on February 25, 2025. Headquarters is in Aurangabad, Maharashtra. Shreenath Paper Products Limited serves industries reliant on coating-based paper, food-grade paper, machine-glazed paper and pressure-sensitive adhesive paper, among others.
Shreenath Paper Products Limited aims to raise Rs. 2,336.40 lakh through the issuance of 53.10 lakh equity shares having a face value of Rs. 10 at Rs. 44 each. Of the total equity shares on offer in the IPO, 25.14 lakh shares each are reserved for retail and non-retail applicants, and 2.82 lakh shares comprise the market marker portion. The minimum application size is 3,000 shares or Rs. 1.32 lakh.
The IPO will open on February 25, 2025 and close on February 28, 2025. The funds raised through this offering will be utilised to meet incremental working capital requirements and for general corporate purposes.
The post-IPO dilution is 27.02%. The company’s share capital will go up from Rs. 1,434.42 lakh to Rs. 1,965.42 lakh following the issue. The shares will be listed on the BSE SME platform.
Shreenath Paper Products Limited registered revenue of Rs. 18,584.83 lakh and a net profit of Rs. 439.06 lakh in the financial year 2023-24. The revenue for the (quarter or nine-month period ended) December 2024 was Rs. 7,704.05 lakh and net profit was Rs. 240.51 lakh.
Shreenath Paper Products Limited supplies a diverse range of paper products, including sublimation base paper, thermal base paper, straw paper, cup stock paper, security PSA sheets, digital PSA sheets and high-strength paper. It offers paper in different grades ranging from 24-350 grams per square meter (GSM), which is manufactured from waste recycled papers, bagasse base (agricultural waste) and virgin pulp.
By acting as a catalyst between manufacturers and paper mills, Shreenath Paper Products Limited ensures tailored solutions for its clients, covering various industries such as FMCG, textiles, food and beverages, automobiles, pharmaceuticals, white goods packaging, commercial printing, publishing, e-commerce, and others.
The IPO will enhance Shreenath Paper Products Limited’ market position and its operational capabilities. Galactico Corporate Services Limited is the lead manager for the issue.
