Shree Refrigerations Limited IPO

Shree Refrigerations Limited IPO

SME BSE SME 100% Book Built Offer
Closed

Price Band

₹119 - ₹125

Total Issue

₹117.33 Cr

Bid Dates

24 Jul - 29 Jul

Subscription

174.24x

Est. GMP

₹86 (68.80%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

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.

Lot Info

Lot Information for Shree Refrigerations IPO
Category Lots Shares Amount
Individual (Min) 2 2,000 ₹2,50,000
Individual (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
Market Maker
4,71,000 EQ Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹117.33 Cr
Fresh Issue
₹94.51 Cr (0.76 Cr Shares)
Offer For Sale
₹22.81 Cr (0.18 Cr Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

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

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

KPIs

EBITDA

27.29%

PAT

13.72%

RONW

15.44%

ROCE

23.22%

Debt to Equity

0.37

PE Ratio

23.81

PB Ratio

3.06

Mkt Cap (in Crs.)

445.38

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

Shareholding

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

MUFG Intime India

Lead Managers (1)

Narnolia Financial Narnolia Financial

Subscription Status

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

BSE SME Subscription Status for Shree Refrigerations IPO
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

Frequently Asked Questions

What is Shree Refrigerations IPO?
Shree Refrigerations IPO is a SME IPO having an issue size of ₹117.33 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