The Shreenath Paper IPO will start accepting subscriptions on Tuesday, February 25 and will remain open until today, February 28 (Friday). ₹Each equity is shared with a face value of 44 ₹10 each. Investors can bid at least 3,000 shares, with an additional 3,000 shares thereafter.
Founded in 2011, Shreenath Paper Products Limited specializes in supply chain solutions for industries that rely on paper materials including coatings, food grade, machine glass and adhesive paper.
The company offers a wide range of papers such as sublimation base paper, hot material paper, straw paper, cup paper, safety PSA paper and high strength paper.
Shreenath Paper Products Ltd. places great emphasis on understanding customer needs, defining specifications, sourcing samples from professional manufacturers, testing samples and purchasing materials in the required quantity. They offer a wide range of paper grades made from recycled paper, Standard Chartered and Virgin pulp.
Their paper products are suitable for a variety of industries including FMCG, textiles, pharmaceuticals, packaging, food and beverages, and e-commerce, focusing mainly on Maharashtra, Gujarat and Madhya Pradesh regions.
Shreenath Paper IPO subscription status
So far, the Shreenath Paper IPO subscription status is 1.64 times. The retail part was subscribed 2.8 times and the NII part was booked 49%.
According to data on Chittorgarh.com, the company received a bid for 82,71,000 shares on 15:34 IST.
On the first bid day, Shreenath Paper IPO subscription status was 15%, and 63% booked on the second bid day.
Shreenath Paper IPO details
Shreenath Paper IPO World ₹$2.336 billion, including new issuance of 53,10,000 shares. There is no offer for sale (OFS) components.
The company plans to use the net income from the problem to various goals, including meeting increased working capital needs and general corporate purposes.
Galactico Corporate Services Limited is the chief manager of book operation for Shreenath Paper IPO, while BigShare Services Pvt Ltd is the registrar for the issuance. The market maker of Shreenath Paper IPO is a pure private limited company.
Shreenath Paper IPO GMP Today
Shreenath Paper IPO GMP is +3 today. This shows that Shreenath Paper stock price is trading at a premium ₹According to InvestorGain.com, 3 is in the gray market.
Considering the current premium in the upper end of the IPO price band and the grey market, the estimated listing price of Shreenath Paper stock is ₹47, 6.82% higher than the IPO price ₹44.
“Gray Market Premium” means that investors are ready to exceed the issue price.
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