Shreenath paper product IPO

Shreenath Paper Products Limited has launched its Initial Public Offering (IPO) today, February 25, 2025. The subscription period is open until February 28, 2025. The company aims to raise ₹23.36 crore through this IPO, offering 53.10 lakh equity shares at a fixed price of ₹44 per share. Key Details of the Shreenath Paper Products IPO: Issue Size: ₹23.36 crore Price per Share: ₹44 Lot Size: 3,000 shares Minimum Investment: ₹1,32,000 Issue Type: Fixed Price - SME Listing Exchange: BSE SME Issue Opening Date: February 25, 2025 Issue Closing Date: February 28, 2025 Allotment Date: March 3, 2025 Listing Date: March 5, 2025 As of now, the shares are not trading in the grey market, indicating no Grey Market Premium (GMP). The company plans to utilize the IPO proceeds primarily for working capital requirements (₹18 crore), issue-related expenses (₹2.49 crore), and general corporate purposes (₹2.87 crore). Established in 2011, Shreenath Paper Products Limited specializes in providing supply chain solutions for industries utilizing various paper materials. Their product range includes sublimation base paper, thermal base paper, straw paper, cup stock paper, and more, catering to sectors like FMCG, textiles, pharmaceuticals, packaging, food & beverages, and e-commerce. The company primarily operates in Maharashtra, Gujarat, and Madhya Pradesh. Investors interested in subscribing to this IPO should ensure their applications are submitted by February 28, 2025. The shares are expected to be listed on the BSE SME platform on March 5, 2025.