Snehaa Organics Limited operates in the solvent recovery and recycling sector, providing sustainable solutions for industries that utilize solvents in manufacturing processes. The company collects spent solvents from diverse industrial operations and employs advanced distillation and purification technologies to recover and process them for reuse. Its skilled workforce ensures efficient recovery even from solvent mixtures with significant batch-to-batch variability.

The Snehaa Organics IPO is a Book Built Issue amounting to ₹32.68 Crores, consisting entirely of a fresh issue of 26.79 lakh shares. The subscription period opened on 29 August 2025 and closed on 2 September 2025, with allotment expected on 3 September 2025, and a tentative listing on NSE SME on 5 September 2025. The price band was set at ₹115 to ₹122 per share, with a lot size of 1,000 shares. Individual investors were required to apply for a minimum of 2 lots, amounting to ₹2,44,000.

The IPO was managed by FAST TRACK FINSEC PRIVATE LIMITED as the Book Running Lead Manager, with SKYLINE FINANCIAL SERVICES PRIVATE LIMITED as the registrar, and Nirman Share Brokers Private Limited as the sole Market Maker. The Grey Market Premium (GMP) is ₹28, indicating high demand for the issue. On the final day of subscription, the IPO was oversubscribed 26.42 times, reflecting overwhelming investor interest.

IPO Objectives:
The company intends to utilize the net proceeds as follows:

1. ₹2,394.17 Lakh for working capital requirements to ensure smooth operations.

2. ₹350 Lakh for repayment of existing loans, reducing financial leverage.

3. General corporate purposes, supporting strategic initiatives and growth.

4. To meet IPO issue expenses, ensuring proper utilization of funds.

Management and Leadership:
The company is led by experienced Promoters:

• Mr. Nandigala Venkata Sai Harish – 6 years of experience in international business, finance, and petrochemical industry.

• Mr. Nandigala Venkata Sai Kiran – 5 years of experience in optimizing business operations and production processes.

• Ms. Samhitha Reddy Tera – contributes to strategic guidance and operational management.

Their leadership has been instrumental in driving growth, operational efficiency, and sustainable solutions in the solvent recovery sector.

Financial Performance:
Snehaa Organics has shown consistent growth over the years:

• Revenue: ₹2,629.45 lakh (FY25), ₹2,380.31 lakh (FY24), ₹2,041.41 lakh (FY23)

• EBITDA: ₹1,156.07 lakh (FY25), ₹591.63 lakh (FY24), ₹542.02 lakh (FY23)

• Profit After Tax (PAT): ₹733.82 lakh (FY25), ₹365.98 lakh (FY24), ₹324.66 lakh (FY23)

Key performance metrics indicate a pre-issue EPS of ₹9.78, post-issue EPS of ₹7.21, pre-issue P/E ratio of 12.48x, post-issue P/E ratio of 16.92x, ROCE at 50.38%, and ROE at 49.66%, demonstrating the IPO is fairly priced.

IPO Listing Outlook:
The Grey Market Premium of ₹28 indicates potential listing gains of approximately 22.95%, highlighting investor enthusiasm and confidence in the company's sustainable business model. Given the strong financial performance and the market response, investors are recommended to apply for the Snehaa Organics IPO for potential listing gains.

The IPO proceeds will strengthen working capital, reduce debt, support strategic growth initiatives, and ensure the company can continue its leadership in solvent recovery and recycling solutions, making Snehaa Organics a promising investment opportunity in India’s sustainable industrial sector.

The Upcoming IPOs in this week and coming weeks are Taurian MPS, Jay Ambe Supermarkets, Krupalu Metals, Urban Company, Shringar House of Mangalsutra, Vashishtha Luxury Fashion, Karbonsteel Engineering, Sharvaya Metals, Vigor Plast India.

The Current active IPO are Austere Systems, Optivalue Tek Consulting, Goel Construction Company, Amanta Healthcare, Rachit Prints.

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