Shree Refrigerations Limited IPO
Shree Refrigerations Limited IPO
SME BSE SME 100% Book Built Offer
Closed

Price Band

₹119 - ₹125

Total Issue

₹117 Cr

Bid Dates

24 Jul - 29 Jul

Subscription

187.31x

Est. GMP

₹86 (68.80%)

Website RHP Check Allotment

Valuation

Market Cap

₹445.38 Cr

P/E Ratio

23.81x

P/B Ratio

3.06x

Shree Refrigerations IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

Conflicting IPOs

IPOs with overlapping timeline

Shanti Gold International IPO

Jul 25 - Jul 29

Patel Chem Specialities IPO

Jul 25 - Jul 29

Business Overview

Shree Refrigerations Limited is manufactures chillers, refrigeration, and air conditioning systems for the HVAC industry, serving primarily the domestic market. Its products cater to sectors like automotive, marine, print media, chemical, pharma, and general engineering. Notably, it is an approved supplier to Indian Navy directorates for marine chillers. In automotive and marine sectors, its systems support temperature control and operational efficiency, including electronic warfare systems. In other industries, its solutions ensure precise environmental conditions critical for product quality and safety.

Shree Refrigerations IPO Lot Size

Lot Information for Shree Refrigerations IPO
Category Lots Shares Amount
Ind (Min) 2 2,000 ₹2,50,000
Ind (Max) 2 2,000 ₹2,50,000
S-HNI (Min) 3 3,000 ₹3,75,000
S-HNI (Max) 8 8,000 ₹10,00,000
B-HNI (Min) 9 9,000 ₹11,25,000
Allocate Funds
Market Maker
4,71,000 EQ Shares
Employee
₹0.00
Shareholder
₹0.00

Shree Refrigerations IPO Size

Total ₹117.33 Cr
Fresh Issue
₹95 Cr (0.76 Cr Shares)
Offer For Sale
₹23 Cr (0.18 Cr Shares)

Objects of Issue

  1. Funding the working capital requirements of our Company
  2. General Corporate Purposes

Shree Refrigerations IPO IPO Live Subscription

Updated as on 29 Jul 2025 | 05:00:00 PM

Shree Refrigerations IPO IPO Subscription Status (BSE SME)
Category Sub (x) Offered Bids
QIB 167.32x 17,82,000 29,81,58,000
NII 195.72x 13,38,000 26,18,70,000
bHNI 214.22x 8,92,000 19,10,84,000
sHNI 158.71x 4,46,000 7,07,86,000
Individual Investor 195.13x 31,22,000 60,91,86,000
Total 187.31x 62,42,000 1,16,92,14,000

Shree Refrigerations IPO IPO Details Live GMP

GMP ₹86
Est. Price ₹211
Est. Gain 68.80%

Shree Refrigerations IPO Peer Comparison

(Rs. in crores)

Shree Refrigerations IPO Peer Comparison Table
Particulars Shree Refrigerations Hitachi AC
Revenue from Ops (in Crs.) 98.73 2,756.50
PAT (In Crs.) 13.55 58.83
EPS - Basic 5.25 21.60
NAV per share 40.88 235.73
RONW 15.44% 9.60%
EBITDA 27.29% 4.78%
PAT Margin 13.72% 2.13%
Price to earning (PE) 23.81 81.33
  • All the information pertains to FY 2024-25
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 30, 2025 for Peers

Shree Refrigerations IPO IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Shree Refrigerations IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 98.73 80.31 50.58
Profit after Tax 13.55 11.53 2.57
Net Worth 114.74 60.72 45.22
Total Borrowing 39.73 36.80 32.07
Total Assets 185.60 124.11 94.32
NAV per share (in ₹) 40.88 24.79 0.00
EPS - Basic (in ₹) 5.25 5.55 1.30

Key Performance Indicators (KPIs)

EBITDA

27.29%

PAT

13.72%

RONW

15.44%

ROCE

23.22%

Debt to Equity

0.37

  • All Ratios are based on Mar 25
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.

Promoter Holding

Promoter

56.61%

Public

43.39%

Ravalnath Shende 44.43%
Rajashri Shende 12.14%
Other Promter 0.04%

Management

Ravalnath Shende MD
Abhijit Saoji CEO
Manoj Kothale CFO

Registrar & Lead Managers

Registrar

MUFG Intime India

Lead Managers (1)

Narnolia Financial

Company Details

Name: Shree Refrigerations Limited

Address: Plot. No. 131/1+2, Opp. MSEB Stores, Virwade Road, Ogalewadi, Karad, Maharashtra-415105, India

Number: 02164-272015

Email: Investor@shreeref.com

Website: www.shreeref.com

Current Live IPOs

IPO Name Listing Date
TeamTech Formwork IPO 26 May
Harikanta Overseas IPO 27 May
Vegorama Punjabi IPO 27 May

Recently Closed IPOs

IPO Name Listing Date
NFP Sampoorna IPO 25 May
Goldline Pharma IPO 19 May
RFBL Flexi Pack IPO 19 May

Upcoming IPOs

IPO Name Listing Date
M R Maniveni IPO 01 Jun
Yaashvi Jewellers IPO 02 Jun
SMR Jewels IPO 03 Jun

Frequently Asked Questions (FAQs)

What is Shree Refrigerations IPO?
Shree Refrigerations IPO is a SME IPO having an issue size of ₹117 Crs. Shree Refrigerations IPO is priced at ₹119 - ₹125 per share. The issue opens on 24 Jul 25 and closes on 29 Jul 25.
When will Shree Refrigerations IPO open?
Shree Refrigerations IPO opens on 24 Jul 25 and closes on 29 Jul 25.
What is the GMP of Shree Refrigerations IPO?
The estimated Grey Market Premium of Shree Refrigerations IPO is ₹86 per share (68.80%).
What is the lot size of Shree Refrigerations IPO?
The minimum lot size of Shree Refrigerations IPO is 1000 shares & the minimum application amount is Rs. 125000.
When is the allotment of Shree Refrigerations IPO?
The allotment date of Shree Refrigerations IPO is 30 Jul 25.
What is the listing date of Shree Refrigerations IPO?
The listing date of Shree Refrigerations IPO is 01 Aug 25.
What is the subscription of Shree Refrigerations IPO?
Shree Refrigerations IPO is subscribed 174.24 times.
What is the price band of Shree Refrigerations IPO?
Shree Refrigerations IPO is priced at ₹119 - ₹125 per share.
How to check allotment status of Shree Refrigerations IPO?
Click the allotment link on Shree Refrigerations IPO page of IPO360.
How to apply Shree Refrigerations IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Shree Refrigerations IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Shree Refrigerations IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Shree Refrigerations IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date