Shreni Shares Limited, a SEBI-registered stockbroking and market-making firm, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), kicking off the regulatory process for its proposed initial public offering (IPO).

As per the DRHP filed on March 4, 2026, Shreni Shares IPO will be a book-building offer of up to 15.1 million shares of face value of ₹ 10/- each. The public issue will be a combination of fresh issue of up to 6.9 million equity shares and an offer for sale (OFS) of up to 8.2 million equity shares by existing shareholders.

Shreni Shares Ltd provides a range of financial services, including share broking, margin trading, and market-making for SME exchange securities, serving over 2,600 clients through a network of branches and digital platforms.

Shreni Shares IPO - Issue Details

Estimated Issue Size: ₹170 crore - ₹200 crore
Fresh Issue: Up to 69 lakh equity shares to raise capital for the company
Offer for Sale (OFS): Up to 82 lakh equity shares by existing shareholders (promoters / investors).
Proposed Listing: The equity shares are proposed to be listed on the National Stock Exchange (NSE) and BSE, as per the DRHP. The company will determine the price band and minimum bid lot for the IPO in consultation with the book-running lead manager.
Book Running Lead Manager: Aryaman Financial Services.
Registrar: Bigshare Services

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Utilisation of Offer Proceeds

The Company proposes to utilise the Net Proceeds in the following manner:

To meet working capital requirements.
Repayment or pre-payment, in full or part, of certain borrowings availed by the Company.
General Corporate Purposes.

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About Shreni Shares Limited

Shreni Shares Limited is a Mumbai-based financial services and stock broking firm incorporated on September 17, 2009. It operates as a SEBI-registered broker and market intermediary, offering a range of services including equity and currency broking, margin trading facilities, demat account services, IPO participation, and trading platforms to retail and institutional clients.

The company also plays a prominent role as a market maker in the SME stock exchange ecosystem, providing liquidity by offering two-way quotes for newly listed SME stocks and supporting price discovery and trading activity. Shreni has expanded its presence with eight branches across seven Indian cities alongside authorised representatives and a digital trading platform.

Shreni Shares serves over 2,620 clients and is ranked among the top 10 market makers in India’s SME exchange space, having handled mandates for a significant number of IPOs between FY2023 and FY2025. Financially, for the year ended March 31, 2025 (FY25), Shreni Shares reported revenue of around ₹54.5 crore.

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