Shreenath Paper Products Limited IPO Allotment Status: Check Latest GMP, Steps To Verify Status

The bidding for Shreenath Paper Products Limited IPO started on Feb 25, 2025, and concluded on Feb 28, 2025. The basis of allotment will be finalised today, March 03, 2025. Know the procedure to check the allotment status on BSE’s website. 

Steps to Check Shreenath Paper Products IPO Allotment Status on BSE 

Here is the process to check Shreenath Paper Products Limited IPO Allotment Status on BSE 

1. Open the Application Status page of BSE here. 
2. Choose 'equity' as the issue type. 
3. Select 'Shreenath Paper Products Limited’ from the list of companies. 
4. Enter your IPO application number and PAN details. 
5. Verify the captcha by clicking on the 'I am not a Robot' box. 
6. Click on the submit button to check the details of the share allotment.

IPO Details

Shreenath Paper Products launched its IPO on February 25, 2025, with a total issue size of ₹23.36 crores. The IPO price band is fixed at ₹44 per share. Investors can apply with a minimum lot size of 3000, requiring a minimum investment of ₹1,32,000. The shares are expected to be listed on BSE with a tentative listing date of Wednesday, March 05, 2025. The basis of allotment will be finalised on March 03, 2025, followed by the initiation of refunds on March 04, 2025.

Galactico Corporate Services Limited is the book-running lead manager, while Pure Broking Private Limited is the market maker for the issue. Bigshare Services Pvt Ltd is the registrar.

Utilization of Proceeds

The company will utilise the net proceeds from the issue towards the following objects:

• To Meet Incremental Working Capital Requirement
• General Corporate Purpose

Overall Subscription Status 

(February 27, 2025, end of the day)

Shreenath Paper Products Limited IPO was subscribed 1.85 times on the third day, according to BSE data. Of these, 

• Retail investors subscribed 3.18 times, 
• Non-institutional investors (NII) subscribed 0.52 times, 

GMP (Grey Market Premium) Details

According to Business Standard Media Report, as of March 03, 2025, 8:34 AM, the Grey Market Premium (GMP) for Shreenath Paper IPO stood at Rs 3. This indicates a premium of 6.82% over the issue price. If the current GMP trends continue, the estimated listing price of Shreenath Paper Products Ltd IPO is expected to be ₹47.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.

Source: Business Standard Media Report dated March 03, 2025

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

Shreenath Paper Products Limited Business Overview

Shreenath Paper Products Limited, established in 2011 and based in Aurangabad, Maharashtra, specialises in providing supply chain solutions for industries that utilise various paper materials, including coated, food-grade, machine-glazed, and adhesive papers. The company's product portfolio encompasses sublimation base paper, thermal base paper, straw paper, cup stock paper, security pressure-sensitive adhesive (PSA) sheets, high-strength paper, and both coated two-side (C2S) and coated one-side (C1S) papers.

Shreenath Paper Products serves a diverse clientele across sectors such as fast-moving consumer goods (FMCG), textiles, pharmaceuticals, packaging, food and beverages, and e-commerce, primarily in Maharashtra, Gujarat, and Madhya Pradesh.