Shreenath Paper Products IPO listing today: Shreenath Paper Products Limited made a weak stock market debut on NSE SME today, with its share price opening at ₹35.20, a 20% discount from its issue price of ₹44.
| Listing Date | 05 Mar |
| Issue Price | ₹44 |
| Listing Price | ₹35.20 |
| Listing Gains | 20.00% |
Shreenath Paper IPO Subscription Details
The Shreenath Paper IPO opened for subscription on February 25 and closed on February 28. The IPO price was set at ₹44 per share, with a minimum bid requirement of 3,000 shares. The IPO received a subscription of 1.84 times on the final bidding day.
| Retail | 3.15 x |
| Non-Institutional investors | 0.52 x |
| Qualified Institutional Buyers (QIB) | – – – |
About Shreenath Paper Products Limited
Established in 2011, Shreenath Paper Products Ltd. specializes in providing paper-based supply chain solutions. The company offers a variety of paper products, including sublimation base paper, thermal base paper, straw paper, cup stock paper, and security PSA sheets. It serves industries like FMCG, textiles, pharmaceuticals, packaging, food & beverages, and e-commerce, primarily in Maharashtra, Gujarat, and Madhya Pradesh.
Shreenath Paper IPO Fund Utilization
The company raised ₹23.36 crore through a fresh issue of 53,10,000 shares. The funds will be utilized for working capital and general corporate purposes.
IPO Lead Managers
- Galactico Corporate Services Limited – Book-running lead manager
- Bigshare Services Pvt Ltd – Registrar
- Pure Broking Private Limited – Market maker
Despite the weak listing, investors are advised to monitor the stock’s performance for future opportunities.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are requested to verify facts themselves and seek advice from a financial advisor before making any investment decision.
