Listed
Shreenath Paper Products Limited IPO
Shreenath Paper IPO is a fixed price issue of Rs 23.36 crores. The issue is entirely a fresh issue of 53.10 lakh shares. Shreenath Paper IPO bidding started from February 25, 2025 and ended on February 28, 2025. The allotment for Shreenath Paper IPO was finalized on Monday, March 3, 2025. The shares got listed on BSE SME on March 5, 2025.
Min Investment
₹1,32,000
Lot Size
3,000 Shares
Price Range
₹44
Issue Size (₹ Cr.)
₹23.36 Cr
IPO Type
SME
Key Metrics
Face Value
₹ 10 per share
GMP
Subscription
1.85x
EPS
₹ 1.63
P/E Ratio
11.59 x
RoNW
23.19%
ROE
23.19%
Debt to Equity (₹ Cr.)
1.53
Timeline
IPO Opened25/02/2025Tuesday
IPO Closed28/02/2025Friday
Allotted03/03/2025Monday
Refunded04/03/2025Tuesday
Listed05/03/2025Wednesday
Strengths
- Established Market Presence – The company operates in the paper and packaging industry, catering to a growing demand for eco-friendly and sustainable paper products.
- Strong Revenue Growth – Shreenath Paper Products has shown consistent revenue growth, benefiting from increasing consumption in the FMCG, e-commerce, and industrial sectors.
- Growing Demand for Sustainable Packaging – With the global shift towards environmentally friendly packaging solutions, the company is well-positioned to benefit from government regulations favoring paper-based alternatives over plastic.
- Diversified Product Portfolio – Offers a range of kraft paper, corrugated packaging, and specialty paper products, catering to multiple industries, reducing dependency on a single market segment.
- Moderate Interest Coverage Ratio – The company's EBIT covers its interest obligations 3.2 times, indicating a manageable debt burden despite its relatively high Debt-to-Equity ratio.
Weaknesses
- High Debt Levels – With a Debt-to-Equity ratio of 1.53, the company is highly leveraged, making it vulnerable to rising interest rates and financial strain during economic downturns.
- Fluctuating Raw Material Costs – The company depends on wood pulp and recycled paper, which are subject to price volatility, impacting profit margins.
- Intense Competition – Faces strong competition from both domestic and international players, which can pressure pricing and reduce market share.
- Working Capital Intensive Business – Paper manufacturing requires high inventory and capital investment, leading to potential liquidity challenges if cash flow is not well managed.
- Environmental & Regulatory Risks – The industry is subject to strict environmental regulations, increasing compliance costs and potential restrictions on raw material sourcing.
Financials
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets(₹Cr) | 62.25 | 60.34 | 50.95 | 30.82 |
| Revenue(₹Cr) | 78.62 | 189.67 | 206.7 | 141.75 |
| Profit After Tax(₹Cr) | 2.41 | 4.39 | 4.38 | 1.34 |
| Net Worth(₹Cr) | 21.34 | 18.93 | 10.54 | 5.65 |
| Reserves and Surplus(₹Cr) | 6.99 | 4.59 | 9.8 | 4.97 |
| Total Borrowing(₹Cr) | 31.37 | 28.89 | 25.01 | 16.73 |
Subscription Details
IPO Bidding Live Updates from BSE SME
| Day | # of Share Offered | Number of Lots Offered | 25th Feb 2025 18:56 | 27th Feb 2025 18:09 | 28th Feb 2025 18:21 |
|---|---|---|---|---|---|
| NII | 25,14,000 | 838 | 0.02x | 0.09x | 0.52x |
| RII | 25,14,000 | 838 | 0.28x | 1.18x | 3.18x |
| Total | 50,28,000 | 1676 | 0.15x | 0.63x | 1.85x |
IPO Bidding Live Number of Shares by Category
| Category | Number of Shares offered | Number of Shares Bid | Bid Amount(Rs Cr) | ||
|---|---|---|---|---|---|
| NII | 25,14,000 | 13,17,000 | 5.79 | ||
| RII | 25,14,000 | 80,04,000 | 35.22 | ||
| Total | 50,28,000 | 93,21,000 | 41.01 |
Company Details
- Shop no. 5, Plot no.136, N-1, Masco Corner API Road, Cidco, Aurangabad, 431003
+91 0240-2489888
- info@shreenathpaper.com
- https://shreenathpaper.com/
Registrar Details
- N/A
+91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html
