Shree Refrigerations Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 4,455,000 (47%) | — | ₹5,569 Cr |
| NII (HNI) | — | 1,338,000 (14%) | — | ₹1,673 Cr |
| Retail | — | 3,122,000 (33%) | — | ₹3,903 Cr |
| Market Maker | — | 471,000 (5%) | — | ₹59 Cr |
| Σ Total | — | 9,386,000 (100%) | — | ₹117,325 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹125,000 |
| Retail (Max) | 13 | 13,000 | ₹1,625,000 |
| S-HNI (Min) | 14 | 14,000 | ₹1,750,000 |
| B-HNI (Min) | 67 | 67,000 | ₹8,375,000 |
Financial Statements Amount In Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 99 | 81 | 51 |
| EBITDA | 27 | 24 | 12 |
| Profit After Tax | 14 | 12 | 3 |
| Net Worth | 115 | 61 | 45 |
| Total Assets | 186 | 124 | 94 |
| Reserves & Surplus | 109 | 56 | 21 |
| Total Borrowing | 40 | 37 | 32 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Funding the Working Capital requirement – 70.00
- 2 General Corporate Purposes – 10.00
- 3 Offer for sale – 22.81
- 4 Issue Expense – 14.51
Company Overview
Incorporated in 2006, Shree Refrigerations Limited is engaged in the manufacturing of HVAC systems, including air and water-cooled condensing units, chillers, and spray dampening systems.
The company serves various sectors, such as automotive, marine, print media, chemical, pharmaceutical, and general engineering.
The company offers a range of products, including chillers, test equipment, marine HVAC systems, and printing chillers, along with customized fabrication services to meet engineering industry standards and client needs.
The company's manufacturing facility in Karad, Maharashtra, is equipped with the necessary machinery, testing, and handling equipment to ensure products meet pre-determined quality standards.
The company offers chillers, test equipment, marine HVAC systems, and printing chillers, along with customized fabrication services, collaborating with clients to develop engineered components that meet quality standards.
Services:
- Chiller: Installation of HVAC System ,Repairs of Plants and Equipcertifications & Recognition
- Fabrication: Order and Design, Material Management, CNC Programming and Production, Painting Process
- Other Products and Services: Cabin Leakage Tester, Air Flow Measurement Rig, Psychometric Lab.
As of May 31, 2025, the company had 129 permanent employees and 165 contractual employees.
Competitive Strengths:
- Customization of products
- Quality standards and ISO certified organisation
- Technology and Collaboration
- Wide range of products
- Strong Leadership and Experienced Management