Shreenath Paper Products Ltd

Shreenath Paper Products Limited IPO

Shreenath Paper Products Ltd

₹1,32,000 /3000 sharesMinimum investment

IPO listing details

Listed on
5 Mar '25
Issue price
₹44.00
Listing price
₹35.20
Listing gains
-₹8.80 (20.00%)
Exchange
--

IPO details

Minimum investment
₹1,32,000
Price range
₹44 - ₹44
Lot size
3,000
Issue size
23.36 Cr
Face value
10
IPO document

Subscription rate

Qualified Institutional Buyers0.00x
Non-Institutional Investor0.63x
Retail Individual Investor3.11x
Total1.77x
As of 28 Feb'25, 05:00 PM

Schedule

25 Feb 2025
IPO open date
28 Feb 2025
IPO close date
3 Mar 2025
Allotment date
3 Mar 2025
Funds unblock or debit
5 Mar 2025
Tentative listing date

About

Shreenath Paper Products Limited is engaged in the sourcing and supply of various paper products to meet industry-specific requirements. It primarily operates in the domestic market, with a strong presence in Maharashtra, Gujarat, and Madhya Pradesh. The company acts as a bridge between manufacturers and paper mills, curating technical specifications, identifying suitable manufacturers, placing orders, testing samples, and procuring materials for its customers. Their product portfolio includes various paper products such as sticker paper, security pressure sensitive adhesive (PSA) sheets, transcode PSA sheets, filmic and digital PSA sheets, removable and permanent PSA sheets, C2S and C1S paper, high-bright and low-bright paper, and high-strength paper. These products are available in different grades, ranging from 24 to 350 GSM, and are manufactured using recycled waste paper, bagasse-based materials, and virgin pulp. The end-use applications span industries such as fast-moving consumer goods (FMCG), textiles, e-commerce, pharmaceuticals, packaging, commercial printing, and education.;
Founded in
2011
MD/CEO
Mr Alok Parekh
Parent organisation
Shreenath Paper Products Ltd

Shreenath Paper Products Limited Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
136204186202220232024

Strengths & Risks

Strengths
Risks
Shreenath Paper Products supplies a wide range of paper products, including security PSA sheets, thermal base paper, sublimation base paper, and industrial-grade papers and caters to multiple industries such as FMCG, textiles, pharmaceuticals, and packaging.
The company claims to follow an asset-light business model by operating on an order-driven approach, which minimises capital expenditure while maintaining high supply levels.
Shreenath Paper Products claims to have established long-term relationships with multiple paper mills, dealers, and distributors across India.
The company has seen a consistent increase in profit after tax (PAT). PAT increased from Rs 1.34 crore in FY22 to Rs 4.38 crore in FY23 to Rs 4.39 crore in FY24.
The top 10 customers of the company contributed 57.72%, 54.13%, 44.27%, and 44.82% to the revenue from operations for the nine months ended December 31, 2024, FY24, FY23, and FY22, respectively. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients can adversely affect the company’s business and financial standing.
The top 5 suppliers of the company contributed 57.49%, 66.89%, 89.82% and 94.17% to total purchases for the nine months ended December 31, 2024, FY24, FY23, and FY22, respectively. Any failure to maintain supplier relationships, ensure stable procurement, or mitigate raw material shortages can negatively impact the company’s operations and financial performance.
The company, its subsidiaries, promoters, and directors are involved in some ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of December 31, 2024, the company had outstanding financial indebtedness of Rs 31.37 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
The company reported negative cash flow from operating activities amounting to Rs 2.42 crore, Rs 2.50 crore, Rs 3.32 crore, and Rs 1.05 crore, for the nine months ended December 31, 2024, FY24, FY23, and FY22 respectively. Any continued negative cash flow in the future could strain the company’s liquidity position, affect its ability to meet working capital requirements, and adversely impact its business operations.

Application details

For Shreenath Paper Products Limited IPO, eligible investors can apply as Regular.

Apply asPrice bandApply rangeLot size
Regular₹44 - ₹44₹2 - ₹5 Lakhs3000
High Networth Individual₹44 - ₹44₹2 - ₹5 Lakhs3000

Frequently Asked Questions