Shreenath Paper Products IPO Closed
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Schedule of Shreenath Paper Products
| Issue open date | 25 Feb 2025 |
| Issue close date | 28 Feb 2025 |
| UPI mandate deadline | 28 Feb 2025 (5 PM) |
| Allotment finalization | 03 Mar 2025 |
| Refund initiation | 04 Mar 2025 |
| Share credit | 04 Mar 2025 |
| Listing date | 05 Mar 2025 |
| Mandate end date | 15 Mar 2025 |
| Lock-in end date for anchor investors (50%) | 02 Apr 2025 |
| Lock-in end date for anchor investors (remaining) | 02 Jun 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Shreenath Paper Products
Shreenath Paper Products specializes in providing supply chain solutions for industries reliant on various types of paper, including coating-based, food-grade, machine-glazed, and pressure-sensitive adhesive paper. The company supplies a diverse range of paper products such as sublimation base paper, thermal base paper, straw paper, cup stock paper, poster paper, and multiple PSA sheets. Acting as a bridge between paper product manufacturers and paper mills, the company offers paper in grades ranging from 24-350 GSM, sourced from recycled waste, bagasse, and virgin pulp.
End-use applications span across FMCG, textiles, ATM and POS printers, restaurants, food and beverages, automobiles, e-commerce, pharmaceuticals, packaging, security labels, advertising, education, and household items. The primary market includes Maharashtra, Gujarat, and Madhya Pradesh.
Financials of Shreenath Paper Products
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹23.36 crores |
| Fresh Issue | ₹23.36 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 18 (77.05%) |
| Issue related expenses | 2.49(10.66%) |
| General corporate purposes | 2.87(12.29%) |
Strengths
- Asset-light, order-driven model ensuring high supply levels efficiently.
- Strong supplier network with strategic partnerships across regions.
- Wide product portfolio catering to diverse industrial applications.
- Established customer relationships with long-term business commitments.
- Experienced management team with a proven industry track record.
- Consistent financial growth and strong balance sheet position.
- Focused on efficiency, agility, and responsiveness to market demands
Risks
- Dependence on third-party manufacturers without in-house production capabilities.
- Heavy reliance on top five suppliers for paper procurement.
- Significant portion of revenue comes from a few customers.
- Business operations require substantial liquidity and funding availability.
- Intense competition from existing and new market entrants.
- Subject to legal and regulatory changes affecting operations.
- Global financial conditions and geopolitical events impacting business stability.
Allotment Status for Shreenath Paper Products
To check your allotment status – click here.
Subscription Figures for Shreenath Paper Products
Subscription numbers as of 5:00 PM on 25 Feb 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| HNI (₹2L+) | 25.14 | 13.17 | 0.52x |
| Retail (upto ₹2L) | 25.14 | 79.68 | 3.17x |
| Total | 50.28 | 92.85 | 1.58x |