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Shreenath Paper IPO
Price Band
₹
Issue Size
₹23.36 Cr
Lot Size
3,000 shares
Min Investment
₹132,000
GMP
—
Issue Price
₹44.0
Shreenath Paper IPO AI Summary
- Shreenath Paper IPO is listed on BSE SME.
- Subscription window: 25 Feb–28 Feb 2025, listing on 05 Mar 2025.
Shreenath Paper Products Limited aims to raise ₹23.36 Cr through its IPO to support working capital and corporate purposes. The company operates in the paper supply industry, focusing on diverse products and customer relationships, though it has experienced fluctuations in financial performance.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Shreenath Paper IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 28 Feb 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Shreenath Paper IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2011, Shreenath Paper Products Limited is engaged in offering supply chain solutions to industries that use paper materials such as coated, food-grade, machine-glazed, and adhesive papers in their manufacturing processes. The company supplies various papers, including sublimation base paper, thermal base paper, straw paper, cup stock paper, security PSA sheets, high-strength paper, C2S and C1S papers, and more. The company understands client needs, defines specifications, sources specialized manufacturers, tests samples, procures materials in desired quantities, and supplies paper in various grades made from recycled paper, bagasse, and virgin pulp. The company supplies paper products used in industries such as FMCG, textiles, pharmaceuticals, packaging, food & beverages, e-commerce, and more, primarily in Maharashtra, Gujarat, and Madhya Pradesh. Product Portfolio: Sublimation Base Paper, Thermal Base Paper, Straw Paper, Cone Sleeve, Cup Stock, ARSR etc. Coated Paper and Board: The company supplies coated paper used for printing annual reports, brochures, magazines, and posters, as well as for manufacturing labels, stickers, and sachets, offering improved print quality and durability. Coating Base: The company supplies sublimation, thermal, and NCR base papers for various applications, including textile printing, thermal printing, and carbonless copy paper, ensuring high-quality prints and efficient processes for diverse industries. Speciality Paper: The company supplies specialty papers such as parchment, ledger, rail bond, cup stock, MG poster, carry bag, and natural shade paper, each serving unique purposes in industries like baking, transportation, and packaging. Cream wove paper: The company supplies premium cream wove papers like Optima, Kappa-G, and Fine Print, offering smooth textures and high printability for brochures, invitations, packaging, and luxury promotional materials across various industries. As of December 31, 2024, the company had 9 employees. Competitive Strengths: Extensible Business Model Strong Network of supplier Multiproduct Portfolio and ability to identify customer requirements Strong relationships with key customers Experienced management team with an established track record Track record of financial performance
Company Financials (₹ Cr)
As of 2024-12-31
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 62.25 | 60.34 | 50.95 | 30.82 |
| Total Income | 78.62 | 189.67 | 206.70 | 141.75 |
| Profit After Tax | 2.41 | 4.39 | 4.38 | 1.34 |
| NET Worth | 21.34 | 18.93 | 10.54 | 5.65 |
| Reserves and Surplus | 6.99 | 4.59 | 9.80 | 4.97 |
| Total Borrowing | 31.37 | 28.89 | 25.01 | 16.73 |
Key Ratios
EPS
₹3.06
NAV
₹13.20
ROE
23.19%
ROCE
19.32%
RoNW
23.19%
P/B Value
3.33
P/E Ratio
14.37
Market Cap
₹86.48 Cr
PAT Margin
2.36%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Seshasayee Paper & Boards Ltd. | 305.24 | 14.12% | 6.78 | 43.06 | 43.06 |
| Star Paper Mills Ltd. | 414.7 | 9.89% | 4.51 | 41.01 | 41.01 |
| Jk Paper Ltd. | 268.74 | 19.82% | 6.78 | 53.27 | 53.27 |
| Shreenath Paper Products Limited This IPO | 13.2 | 23.19% | 14.33 | 3.07 | 3.07 |
Promoters
Alok Parekh, Ronak Parekh, Navneetdas Parekh, Hasumati Navneetdas Parekh, Harish Parekh, Hasumati Harish Parekh, Neha Parekh and Sayali Parekh
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Meeting incremental working capital requirements 18.00 2 General Corporate Purposes 2.87 3 Issue Expenses 2.49 Total 23.36
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹141.75 Cr in the year ending 31 Mar 2022, increasing to ₹206.70 Cr by 31 Mar 2023. However, it decreased to ₹189.67 Cr in the year ending 31 Mar 2024, and further fell to ₹78.62 Cr as of 31 Dec 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹1.34 Cr for the year ending 31 Mar 2022, rising to ₹4.38 Cr by 31 Mar 2023. It slightly increased to ₹4.39 Cr in the year ending 31 Mar 2024, but then decreased to ₹2.41 Cr as of 31 Dec 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Shreenath Paper Products Limited has an implied P/E ratio of approximately 14.33 at the issue price, compared to peers trading at P/E ratios ranging from 4.51 to 6.78.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the demand for an IPO before it is listed on the stock exchange. A positive GMP suggests that the stock is expected to list at a premium to its issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their portfolio diversification and risk tolerance. It's essential to consider the company's financial health and market position.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings may want to avoid this IPO due to its recent fluctuations in revenue and profit.
IPO Timeline, Explained
The IPO process involves several key dates: the opening date for subscription is 25 February 2025, closing on 28 February 2025, with allotment expected by 3 March 2025 and listing on 5 March 2025.
Listing Gains — The Risk
Listing gains refer to the profit made when an IPO shares are sold on the first day of trading. However, there is no guarantee of listing gains, as market conditions can fluctuate significantly, and investors should be prepared for potential losses.
This evaluation is generated from Shreenath Paper's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Shreenath Paper IPO open and close?
Shreenath Paper IPO opens on 25 February 2025 and closes on 28 February 2025.
When does Shreenath Paper IPO list on the stock exchange?
Shreenath Paper IPO listed on 05 March 2025 at ₹44.0.
What is the lot size for Shreenath Paper IPO?
The lot size for Shreenath Paper IPO is 3000 shares, requiring a minimum investment of ₹132,000.
What is the lot size for this IPO?
The lot size for Shreenath Paper's IPO is 3000 shares.
What is the minimum investment required?
The minimum investment required is ₹132,000.
What is the issue price of the shares?
The issue price of the shares is ₹44.00.
When is the listing date for the IPO?
The listing date for the IPO is 5 March 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected demand and price trend for the shares before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
25 Feb 2025
Close
28 Feb 2025
Allotment
03 Mar 2025
Listing
05 Mar 2025
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