The issue, offering 53,10,000 equity shares at a fixed price of INR 44 per equity share, will open on February 25 and close on February 28, 2025.
Feb 21, 2025
Shreenath Paper Products Limited, a supplier of specialized paper materials to various industries, including FMCG, textiles, pharmaceuticals and packaging, is coming up with an initial public offering (IPO) of INR 23.36 crore.
The issue, offering 53,10,000 equity shares at a fixed price of INR 44 per equity share, will open on February 25 and close on February 28, 2025.
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The shares, priced 4.4 times higher than its face value of INR 10, will be listed on the SME Platform of the Bombay Stock Exchange (BSE).
The book-running lead manager to the issue is Galactico Corporate Services, and the Compliance Officer is Ms. Neetika Sakla.
Shreenath Paper Products Limited will use the proceeds from the IPO to meet the working capital requirements of the company, for general corporate purposes and industry overview.
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The company provides supply chain solutions to industries using coating-based paper, food grade paper, machine-glazed paper and pressure-sensitive adhesive paper as raw material. It supplies different kinds of paper such as sublimation base paper, thermal base paper, straw paper, paper for cone sleeve, cup stock paper, poster paper, security PSA sheet, transcode PSA sheet, filmic & digital PSA sheet, removable PSA sheet, permanent PSA sheet, C2S paper and board, C1S paper, hi-bright paper, low- bright paper and high-strength paper.
