IPO

IPO Synopsis

Shreenath Paper Products Ltd
Initial public issue* of upto 53,10,000 equity shares of face value Rs. 10/- each ("Equity Shares") of Shreenath Paper Products Limited ("The Company" or the "Issuer") for cash at a price of Rs. 44 per equity share (including a securities premium of Rs. 34 per equity share) ("Issue Price"), aggregating up to Rs. 23.36 crores (the "Issue"). 2,82,000 equity shares aggregating to Rs. 1.24 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 50,28,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 44 per equity share aggregating to Rs. 22.12 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.02 % and 25.58 % respectively of the post issue paid-up equity share capital of the company. *Subject to finalization of basis of allotment The face value of the equity shares is Rs. 10/- each and the issue price is 4.4 times of the face value.
Issue
Opens On Closes On
25-Feb-25 28-Feb-25
Money Payable On
Application Allotment
44.00 0.00
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
Cr Lead Managers to the Issue
Project Cost (.Cr) 20.87 Galactico Corporate Services Ltd
Project Financed through Current Offer (.Cr) 23.36  
Post Issue Equity Share Capital (.Cr) 19.65
Issue Price () 44.00
Projects
Meeting incremental working capital requirements
General corporate purposes
Promoted By
Alok Parekh
Ronak Parekh
Navneetdas Parekh
Listing At
BSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd