Snehaa Organics IPO
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Schedule of Snehaa Organics
| Issue open date | 29 Aug 2025 |
| Issue close date | 02 Sep 2025 |
| UPI mandate deadline | 02 Sep 2025 (5 PM) |
| Allotment finalization | 03 Sep 2025 |
| Refund initiation | 04 Sep 2025 |
| Share credit | 04 Sep 2025 |
| Listing date | 05 Sep 2025 |
| Mandate end date | 17 Sep 2025 |
| Lock-in end date for anchor investors (50%) | 03 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 02 Dec 2026 |
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 Snehaa Organics
Snehaa Organics, incorporated in 2017, operates in the solvent recovery and recycling sector, providing sustainable solutions for industries utilising solvents. The company collects spent solvents from various industries and employs distillation and purification technologies to process them for reuse. With 54 employees as of February 2025, Snehaa maintains a testing facility and implements comprehensive quality control measures for diverse solvent mixtures with batch variability. The company returns recovered solvents to clients for reuse whilst selling additional purified solvents in the open market, and also engages in direct solvent trading through sourcing, quality assessment, and market sales.
Financials of Snehaa Organics
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹32.68 crores |
| Fresh Issue | ₹32.68 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 23.95 (73%) |
| Repayment of loans | 3.50 (11%) |
| General corporate purposes and issue-related expenses | 5.23 (16%) |
Strengths
- Experienced and qualified management and employee base.
- Strong and consistent financial performance.
- Growing customer base.
- Scalable and reliable business model.
- Experienced promoters and senior management with extensive domain knowledge.
Risks
- The company depends on selected customers for significant revenue, and losing them could affect operations.
- The company operates from leased properties, and lease termination could affect operations.
- The company has contingent liabilities that may affect its financial condition.
Allotment Status for Snehaa Organics
To check your allotment status – click here.
Subscription Figures for Snehaa Organics
As per media reports (Link), the Grey Market Premium (GMP) of Snehaa Organics is reported at ₹32 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on August 29, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 1.26 | 1.26 | 1.00x |
| NII | 12.09 | 12.73 | 1.05x |
| Retail | 12.10 | 35.14 | 2.90x |
| Total | 25.45 | 49.13 | 1.93x |