Shreenath Paper Products specializes in supply chain solutions for industries dependent on paper-based raw materials, including coating-based paper, food-grade paper, machine-glazed paper, and pressure-sensitive adhesive paper. Its operations involve understanding client requirements, curating technical specifications, sourcing specialized manufacturers, testing samples, procuring materials, and ensuring efficient supply to customers.
Shreenath Paper Products, a Fixed Price Issue amounting to ₹ 23.36 Crores, consisting an entirely Fresh Issue of 53.10 Lakh Shares. The subscription period for the Shreenath Paper Products IPO opens on February 25, 2025, and closes on February 28, 2025. The allotment is expected to be finalized on or about Monday, March 3, 2025, and the shares will be listed on the BSE SME with a tentative listing date set on or about Wednesday, March 5, 2025.
The Share price of Shreenath Paper Products IPO is set at ₹ 44 per equity share. The Market Capitalisation of the Shreenath Paper Products Limited at IPO price of ₹ 44 per equity share will be ₹ 86.48 Crores. The lot size of the IPO is 3,000 shares. Retail investors are required to invest a minimum of ₹ 1,32,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (6,000 shares), amounting to ₹ 2,64,000.
Galactico Corporate Services Limited is the book running lead manager of the Shreenath Paper Products IPO, while Bigshare Services Private Limited is the registrar for the issue. Pure Broking Private Limited is the Market Maker for Shreenath Paper Products IPO.
Shreenath Paper Products Limited IPO GMP Today
The Grey Market Premium of Shreenath Paper Products Limited IPO is expected to be ₹ 0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Shreenath Paper Products Limited IPO Live Subscription Status Today: Real-Time Update
As of 07:00 PM on 28 February, 2025, the Shreenath Paper Products Limited IPO live subscription status shows that the IPO subscribed 1.81 times on its Final day of subscription period. Check the Shreenath Paper Products IPO Live Subscription Status Today at BSE.
Shreenath Paper Products Limited Day Wise IPO GMP Trend
Date |
IPO Price |
Expected Listing Price |
GMP |
Last Updated |
21 February 2025 |
₹ 44 |
₹ 44 |
₹ 0 (0.00%) |
03:00 PM; 21 Feb 2025 |
Shreenath Paper Products Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Shreenath Paper Products IPO allotment date is 3 March, 2025, Monday. Shreenath Paper Products IPO Allotment will be out on 3 March, 2025 and will be live on Registrar Website from the allotment date. Check Shreenath Paper Products IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Shreenath Paper Products Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Shreenath Paper Products Limited IPO
Shreenath Paper Products proposes to utilise the Net Proceeds towards the following objects:
1. ₹ 1,800.00 Lakhs for incremental working capital requirements;
2. ₹ 287.16 Lakhs is required for General Corporate Purpose.
Refer to Shreenath Paper Products Limited RHP for more details about the Company.
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Shreenath Paper Products IPO Details |
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IPO Date | February 25, 2025 to February 28, 2025 | ||||||||||
Listing Date | March 05, 2025 | ||||||||||
Face Value | ₹10 | ||||||||||
Price | ₹44 per share | ||||||||||
Lot Size | 3,000 Equity Shares | ||||||||||
Total Issue Size | 53,10,000 Equity Shares (aggregating up to ₹23.36 Cr) | ||||||||||
Fresh Issue | 53,10,000 Equity Shares (aggregating up to ₹23.36 Cr) | ||||||||||
Offer for Sale | NIL | ||||||||||
Issue Type | Fixed Price Issue | ||||||||||
Listing At | BSE SME | ||||||||||
Share holding pre issue | 1,43,44,200 | ||||||||||
Share holding post issue | 1,96,54,200 |
Shreenath Paper Products IPO Lot Size |
|||||||||||
Application | Lots | Shares | Amount | ||||||||
Retail (Min) | 1 | 3,000 | ₹1,32,000 | ||||||||
Retail (Max) | 1 | 3,000 | ₹1,32,000 | ||||||||
HNI (Min) | 2 | 6,000 | ₹2,64,000 |
Shreenath Paper Products IPO Timeline (Tentative Schedule) |
|||||||||||
IPO Open Date | Tueday, Feb 25, 2025 | ||||||||||
IPO Close Date | Friday, Feb 28, 2025 | ||||||||||
Basis of Allotment | Monday, Mar 3, 2025 | ||||||||||
Initiation of Refunds | Tuesday, Mar 4, 2025 | ||||||||||
Credit of Shares to Demat | Tuesday, Mar 4, 2025 | ||||||||||
Listing Date | Wednesday, Mar 5, 2025 | ||||||||||
Cut-off time for UPI mandate confirmation | 5 PM on February 28, 2025 |
Shreenath Paper Products IPO Reservation |
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Investor Category | Shares Offered | Reservation % | |||||||||
Non-Institutional Investor Portion | 25,14,000 | 50% of the Issue | |||||||||
Retail Shares Offered | 25,14,000 | 50% of the Issue | |||||||||
Market Maker Portion | 2,82,000 | - |
Shreenath Paper Products IPO Promoter Holding |
|||||||||||
Share Holding Pre Issue | 100.00% | ||||||||||
Share Holding Post Issue | 72.98% |
Shreenath Paper Products IPO Subscription Status |
|||||||||||
Investor Category | Shares Offered | Shares Bid For | No oF Times Subscribed | ||||||||
Non Institutional Investors(NIIS) | 27,96,000 | 15,99,000 | 0.57 | ||||||||
Retail Individual Investors (RIIs) | 25,14,000 | 80,04,000 | 3.18 | ||||||||
Total | 53,10,000 | 96,03,000 | 1.81 |
Business Overview
Incorporated in 2011, Shreenath Paper Products Limited specializes in offering supply chain solutions to industries that utilize paper-based materials in their manufacturing processes. The company provides coated, food-grade, machine-glazed, and adhesive papers to clients across various industries.
The company operates as a paper sourcing and supply partner, ensuring that manufacturers receive customized paper solutions based on their technical requirements. It understands client needs, defines specifications, identifies specialized manufacturers, tests samples, procures materials in desired quantities, and supplies paper products.
Shreenath Paper Products primarily serves industries such as FMCG, textiles, pharmaceuticals, packaging, food & beverages, and e-commerce. Its key market presence is in Maharashtra, Gujarat, and Madhya Pradesh.
Product Portfolio
The company offers a wide range of paper products, including:
Segment-Wise Product Offerings:
As of December 31, 2024, the company had 9 employees.The Bankers to the Company is Hongkong and Shanghai Banking Corporation Limited and Kotak Mahindra Bank Limited.
Industry Analysis
Global Paper Industry Overview
The global paper and pulp industry is valued at approximately USD 370 billion (2023) and is projected to grow at a CAGR of 3.5% over the next decade. The demand for sustainable packaging, specialty paper, and hygiene products is driving industry expansion. The shift toward eco-friendly alternatives due to plastic bans and climate policies is also boosting paper consumption.
Indian Paper Industry Overview
The Indian paper industry contributes 5% of global production and is currently valued at approximately ₹80,000 crore (~USD 9.6 billion). It has been growing at a CAGR of 6-7%, with packaging paper accounting for 55% of total production. This growth is fueled by e-commerce expansion, FMCG packaging needs, and increased government focus on sustainable manufacturing.
Past Growth Trends & Future Projections
Key Growth Drivers
Competitive Landscape
The Indian paper industry is led by major players such as JK Paper, ITC Paperboards, and Tamil Nadu Newsprint and Papers Ltd (TNPL). Globally, International Paper, WestRock, and Oji Holdings dominate the market. Shreenath Paper Products competes through an asset-light model, diversified product portfolio, and strong supplier relationships.
Position of Shreenath Paper Products in the Industry
Shreenath Paper Products specializes in coated, food-grade, and adhesive papers, primarily targeting industries such as FMCG, textiles, pharmaceuticals, and packaging. Unlike larger manufacturers, the company operates on an asset-light supply chain model, focusing on customized paper solutions and efficient sourcing.
Business Strengths
Shreenath Paper Products has several key business strengths that differentiate it in the industry:
Business Strategies
Risk Factors and Concerns
Period Ended | Dec 31, 2024 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
---|---|---|---|---|
Reserve of Surplus | 699.35 | 458.83 | 979.51 | 497.01 |
Total Assets | 6,225.38 | 6,033.67 | 5,095.13 | 3,082.08 |
Total Borrowings | 3,136.87 | 2,889.27 | 2,500.50 | 1,673.27 |
Fixed Assets | 263.09 | 280.57 | 333.71 | 312.94 |
Cash | 266.59 | 489.01 | 245.50 | 10.52 |
Net Borrowing | 2,870.28 | 2,400.26 | 2,255.00 | 1,662.75 |
Revenue | 7,861.95 | 18,966.98 | 20,669.91 | 14,175.16 |
EBITDA | 434.34 | 577.36 | 664.26 | -195.34 |
PAT | 240.51 | 439.06 | 438.47 | 133.76 |
EPS | 1.68 | 3.07 | 3.07 | 0.94 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2024 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Offer, given in RHP.
Key Performance Indicator |
|||||||||||
KPI | Values | ||||||||||
EPS Pre IPO (Rs.) | ₹3.07 | ||||||||||
EPS Post IPO (Rs.) | ₹2.23 | ||||||||||
P/E Pre IPO | 14.33x | ||||||||||
P/E Post IPO | 19.70x | ||||||||||
ROE | 23.19% | ||||||||||
ROCE | 19.32% | ||||||||||
P/BV | 3.33 | ||||||||||
Debt/Equity | 2.37 | ||||||||||
RoNW | 23.19% |
Shreenath Paper Products Limited IPO Peer Comparison |
|||||||||||
Company Name | EPS | ROCE | ROE | P/E (x) | P/Bv | Debt/Equity | RoNW (%) | ||||
Shreenath Paper Products Limited IPO | ₹2.23 | 19.32% | 23.19% | 19.70 | 3.33 | 2.37 | 23.19% | ||||
Jk Paper Limited | ₹53.27 | 18.57% | 19.82% | 6.78 | 0.95 | 0.39 | 19.82% | ||||
Star Paper Mills Limited | ₹41.01 | 12.63% | 9.89% | 4.51 | 0.39 | 0.01 | 9.89% | ||||
Seshasayee Paper And Boards Limited | ₹43.06 | 18.71% | 14.12% | 6.78 | 1.01 | 0.04 | 14.12% |
Shreenath Paper Products Limited
Shop no. 5, Plot no.136, N-1, Masco Corner Api Road, Cidco, Aurangabad, Maharashtra, India, 431003
Contact Person : Neetika Sakla
Telephone : +91 0240-2489888
Email ID : info@shreenathpaper.com
Website : http://www.shreenathpaper.com/
Registrar : BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093, Maharashtra, India
Tel No.: +91 022 6263 8200 Fax No: +91 22 6263 8299
Email Id: ipo@bigshareonline.com
Contact Person: Vinayak Morbale
Website: www.bigshareonline.com
SEBI Registration No.: INR000001385
Investor Grievance E-Mail: investor@bigshareonline.com
Lead Manager : GALACTICO CORPORATE SERVICES LIMITED
Office No. 701, G-Square Business Park, Plot No. 25 & 26, Sec-30, Opp. Sanpada Rly. Stn., Vashi, Navi Mumbai – 400703.
Tel No.: +91 9082851107/ +91 9773331666
E-mail: imran.gm@galacticocorp.com
Website: www.galacticocorp.com
Contact Person: Imran G Mundhi/ Rohit S Joisar
SEBI Registration Number: INM000012519
Investor Grievance E-Mail: imran.gm@galacticocorp.com
Shreenath Paper Products provides supply chain solutions for industries using paper-based raw materials like coating-based, food-grade, machine-glazed, and adhesive paper. It identifies client needs, sources specialized manufacturers, tests samples, procures materials, and ensures timely delivery.
The Company is led by Promoters, Alok Parekh, Ronak Parekh, Navneetdas Parekh, Hasumati Navneetdas Parekh, Harish Parekh, Hasumati Harish Parekh, Neha Parekh and Sayali Parekh.
Alok Parekh – Chairman & Managing Director - B.E. (IT) graduate from Dr. Babasaheb Ambedkar Marathwada University, Alok Parekh has 10+ years of experience in supply chain solutions. He oversees vendor & customer relations, finance, and accounting. Ronak Parekh – Whole-time Director & CEO With a Bachelor’s and Master’s in Management Studies from the University of Mumbai, Ronak Parekh has been with the company since 2011. He leads marketing and product innovation with 10+ years of industry experience.
The Revenues from operations for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 7,861.95 Lakh, ₹ 18,966.98 Lakh, ₹ 20,669.91 Lakh and ₹ 14,175.16 Lakh respectively. The EBITDA for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 434.34 Lakh, ₹ 577.36 Lakh, ₹ 664.26 Lakh, and ₹ -195.34 Lakh, respectively. The Profit after Tax for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 240.51 Lakh, ₹ 439.06 Lakh, ₹ 438.47 Lakh, and ₹ 133.76 Lakh respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹ 3.07 and post-issue EPS of ₹ 2.23 for FY24. The pre-issue P/E ratio is 14.33x, while the post-issue P/E ratio is 19.70x. The company's ROCE for FY24 is 19.32%, ROE for FY24 is 23.19% and RoNW 23.19%. The Annualised EPS based on the latest financial data is ₹ 2.24 and PE ratio is 19.64x. These metrics suggest that the IPO is fully priced.
The Grey Market Premium (GMP) of Shreenath Paper Products showing listing gains of 0.00 %. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Shreenath Paper Products Limited IPO for Listing gain or long-term Investment Purposes.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information.
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.
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