Latest news with #ShreeRefrigerations'
Business Standard
01-08-2025
- Business
- Business Standard
BSE SME Shree Refrigerations defrosts investor interest with a steamy market entry
Shares of Shree Refrigerations was trading at Rs 176 on the NSE, a premium of 40.80% compared with the issue price of Rs 125. The scrip was listed at Rs 169.85, a premium of 35.88% compared with the initial public offer (IPO) price. The stock is currently up 3.62% over its listing price. The counter hit a high of Rs 177.70 and a low of Rs 161.50. About 44.40 lakh shares of the company changed hands at the counter. Shree Refrigerations' IPO was subscribed 174.24 times. The issue opened for bidding on 25 July 2025 and it closed on 29 July 2025. The price band of the IPO was set at Rs 119 to Rs 125 per share. The IPO comprised 93,86,000 equity shares, including a fresh issue of 75,61,000 equity shares and offer for sale (OFS) of 18,25,000 equity shares. The promoter and promoter group shareholding diluted to 44.59% from 56.60% pre-offer. The company intends to utilize the net proceeds for funding the working capital requirement and general corporate purposes. Ahead of the Shree Refrigerations on 24 July 2025, raised Rs 33.41 crore from anchor investors. The board has allotted 26.73 lakh shares at Rs 125 per share to 11 anchor investors. Shree Refrigerations is engaged in the business of manufacturing chillers, refrigeration and air conditioning appliances, and other components of the Heating, Ventilation, and Air Conditioning (HVAC) industry. The company offers a range of advanced systems and equipment primarily to the domestic market. Its product portfolio serves multiple industries, including automotive, marine, print media, chemical, pharmaceutical, and general engineering sectors. The company is also actively involved in the manufacturing of marine chillers and holds approved supplier registrations from various professional directorates of the Indian Navy, including the Directorate of Electrical Engineering and the Directorate of Quality Assurance Warship Projects. As of 31 May 2025, the company had 129 permanent employees and 165 contractual employees. The company recorded revenue from operations of Rs 98.73 crore and net profit of Rs 13.55 crore for the period ended 31 March 2025.
Mint
25-07-2025
- Business
- Mint
Shree Refrigerations IPO Day 1: Subscription status, GMP, other key details you need to know
Shree Refrigerations IPO Day 1: The issue opened for subscription on 27 July 2025. Check here for Subscription status, GMP, other key details you need to know Shree Refrigerations' public offering, or IPO, was subscribed 2.11 times by July 25, 2025, at 5:05PM (Day 1). The public issue has been subscribed 3.60 times by individual investors, 0.00 times by QIBs, and 1.43 times by NIIs. Shree Refrigerations' initial public offering (IPO) began for subscription on July 25, 2025, and will close on July 29, 2025. The allotment for Shree Refrigerations' IPO is planned to be completed on Wednesday, July 30, 2025. Shree Refrigerations IPO will be listed on BSE SME, with a tentative listing date of Friday, August 1, 2025. Shree Refrigerations' IPO price range is set at ₹ 119- ₹ 125 per share. The lot size for an application is 1,000. Retail investors must invest a minimum of ₹ 238,000 (2,000 shares). The minimum investment for HNIs is 3 lots (3,000 shares) of ₹ 375,000. Shree Refrigerations' IPO is a book-building issue of ₹ 117.33 crore. The offering consists of a fresh issue of 75.61 lakh shares totaling ₹ 94.51 crores and an offer to sell 18.25 lakh shares totaling ₹ 22.81 crores. The Shree Refrigerations IPO GMP, or Grey Market Premium, stood at +90 on July 25. This means that the shares of Shree Refrigerations are trading at an ₹ 90 premium over the upper band of the issue price of ₹ 125. This also means that investors are expecting a listing of Shree Refrigerations shares at a 72% premium, or ₹ 90 premium, over the upper band of the issue price and at ₹ 215. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
