Shreenath Paper IPO - Day 3 Subscription at 1.06 Times

Shreenath Paper's initial public offering (IPO) has achieved full subscription by the final day of its bidding period. The ₹23.36 crore IPO has witnessed strong improvement in demand, with subscription rates progressing from 0.15 times on day one, advancing to 0.63 times on day two, and crossing the full subscription milestone at 1.06 times by 11:49 AM on the final day, demonstrating robust investor interest in this paper products supply chain solutions provider.

Shreenath Paper IPO’s retail segment has emerged as the standout performer, with their portion substantially oversubscribed at 1.93 times, showcasing exceptional individual investor confidence in the company's business model and growth prospects. This strong retail participation reflects trust in the company's established presence supplying specialized paper products across diverse industries including FMCG, textiles, pharmaceuticals, packaging, and food & beverages throughout Maharashtra, Gujarat, and Madhya Pradesh.
 

Shreenath Paper IPO’s overall response has shown a balanced mix across investor categories, with total applications reaching 2,115. The Non-Institutional Investors (NII) segment shows measured participation at 0.19 times, while the cumulative bid amount has reached ₹23.46 crores, exceeding the issue size. This successful completion of subscription demonstrates market confidence in this supply chain specialist's operational model, diversified product portfolio, and strategic positioning in the paper products distribution sector.
 

Subscription Status of Shreenath Paper IPO:

Here are the subscription details for Shreenath Paper IPO as of Day 3 (February 28, 2025, 11:49 AM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

Shreenath Paper IPO - Day 3 Subscription

Key Highlights:

• Overall subscription successfully crossing the full subscription mark at 1.06 times
• Retail investors demonstrating exceptional interest with 1.93 times subscription, reflecting strong market confidence
• NII segment improving to 0.19 times, showing gradual institutional participation
• Total applications reaching 2,115, indicating broad-based retail interest
• Cumulative bid amount exceeding issue size at ₹23.46 crores against ₹23.36 crore target
• Robust retail momentum with bids worth ₹21.37 crores driving overall subscription
• Final day witnessing substantial improvement in subscription levels
• Multi-product portfolio resonating strongly with retail investors
• Supply chain expertise attracting successful market validation
• Industry diversification highlighting business stability advantages
• Final subscription demonstrating successful market reception
• Product specialization strategy creating effective differentiation
• Established supplier relationships supporting investor confidence
• Final day reflecting strong subscription acceleration

Shreenath Paper IPO - Day 2 Subscription at 0.63 Times

Key Highlights:

• Overall subscription improving significantly to 0.63 times
• Retail investors crossing full subscription at 1.18 times
• NII segment showing gradual improvement to 0.09 times
• Day two witnessing substantial progress in subscription
• Market response indicating growing confidence
• Supply chain solutions approach drawing interest
• Specialized paper products portfolio attracting attention
• Second day showing substantial momentum improvement
• Retail segment driving overall subscription
• Industry relationships supporting market confidence
• Multi-sector presence highlighting stability
• Customer-centric approach generating attention
• Specialized product expertise driving interest
• Day two building strong subscription foundation

Shreenath Paper IPO - Day 1 Subscription at 0.15 Times

Key Highlights:

• Overall subscription opening at 0.15 times, showing measured start
• Retail investors beginning at 0.28 times, indicating early interest
• NII segment showing initial participation at 0.02 times
• Opening day demonstrating cautious approach
• Initial momentum indicating strategic evaluation
• Paper products expertise driving early interest
• First day setting subscription baseline
• Market response suggesting careful assessment
• Supply chain specialization attracting attention
• Regional market leadership drawing interest
• Product diversification highlighting flexibility
• Opening momentum building gradually
• Initial response showing systematic approach
• Day one establishing subscription foundation

About Shreenath Paper Products Limited

Shreenath Paper Products Limited, established in 2011, has developed into a specialized provider of supply chain solutions for industries that utilize various types of paper materials including coated, food-grade, machine-glazed, and adhesive papers. The company's comprehensive service model begins with understanding client requirements, defining specifications, sourcing from specialized manufacturers, testing samples, and ultimately supplying a diverse range of paper products made from recycled paper, bagasse, and virgin pulp.

Their business model demonstrates versatility through a multi-product portfolio that includes sublimation base paper, thermal base paper, straw paper, cup stock paper, security PSA sheets, high-strength paper, and coated papers. This diverse product range allows them to serve multiple industries including FMCG, textiles, pharmaceuticals, packaging, food & beverages, and e-commerce, primarily across Maharashtra, Gujarat, and Madhya Pradesh, creating a stable and diversified revenue stream with strong customer relationships.

Their financial performance shows consistent profitability with revenue of ₹189.67 crores in FY2024 and profit after tax of ₹4.39 crores. For the nine months ended December 31, 2024, the company reported revenue of ₹78.62 crores with a PAT of ₹2.41 crores, demonstrating operational efficiency in the competitive paper products distribution sector despite operating with a lean structure of just 9 employees.
 

Their competitive strengths include:

• Extensible business model with growth potential
• Strong network of reliable suppliers
• Diverse multi-product portfolio
• Ability to identify specific customer requirements
• Strong relationships with key customers
• Experienced management with established track record
• Consistent financial performance
• Specialized industry knowledge
• Efficient operational structure
• Regional market expertise

Highlights of the Shreenath Paper IPO:

• IPO type: Fixed Price Issue SME IPO
• IPO size: ₹23.36 crores
• Fresh Issue: 53.10 lakh shares
• Face value: ₹10 per share
• Issue price: ₹44 per share
• Lot size: 3,000 shares
• Minimum investment for retail investors: ₹1,32,000
• Minimum investment for HNI: ₹2,64,000 (2 lots)
• Market maker reservation: 2,82,000 shares
• Listing at: BSE SME
• IPO opens: February 25, 2025
• IPO closes: February 28, 2025
• Allotment date: March 3, 2025
• Refund initiation: March 4, 2025
• Credit of shares: March 4, 2025
• Listing date: March 5, 2025
• Lead Manager: Galactico Corporate Services Limited
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Pure Broking Private Limited