Shree Refrigerations Limited IPO
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.
Price Band₹119 - ₹125 |
Dates24 Jul - 29 Jul |
GMP₹0 (0.00%) |
Subscriptions- |
Issue Size₹117.33 Crs |
Shree Refrigerations IPO Objects
- Funding the working capital requirements of our Company
- General Corporate Purposes
Shree Refrigerations IPO Details
Price Band₹119 - ₹125 |
Listing AtBSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹94.51 Cr (0.76 Cr Shares) |
Offer For Sale₹22.81 Cr (0.18 Cr Shares) |
Total Issue₹117.33 Cr (0.94 Cr Shares) |
Face Value₹2 per equity share |
Shree Refrigerations IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
1,000
1,25,000
Maximum
1
1,000
1,25,000
|
|||
| Small HNI |
Minimum
2
2,000
2,50,000
Maximum
8
8,000
10,00,000
|
|||
| Big HNI |
Minimum
8
8,000
10,00,000
|
|||
Shree Refrigerations IPO GMP
The estimated Grey Market Premium of Shree Refrigerations IPO is ₹0 per share (0.00%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of Net Offer |
| NII | Not less than 15% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Market Maker | 4,70,000 EQ Shares |
Shree Refrigerations IPO Financials
| 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 | 1,113.00 |
| EPS - Basic (in ₹) | 5.25 | 5.55 | 1.30 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 27.30% |
| PAT | 13.89% |
| RONW | 14.97% |
| ROCE | 22.47% |
| Debt to Equity | 0.36 |
| 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.
Shree Refrigerations IPO Peer Comparision
| 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
Shree Refrigerations IPO Peer Comparision
| Particulars | Shree Refrigerations |
|---|---|
| Revenue from Ops (in Crs.) | 98.73 |
| PAT (In Crs.) | 13.55 |
| EPS - Basic | 5.25 |
| NAV per share | 40.88 |
| RONW | 15.44% |
| EBITDA | 27.29% |
| PAT Margin | 13.72% |
| Price to earning (PE) | 23.81 |
| Hitachi AC |
|---|
| 2,756.50 |
| 58.83 |
| 21.60 |
| 235.73 |
| 9.60% |
| 4.78% |
| 2.13% |
| 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
Promoter Details
| Name | Shareholding |
|---|---|
| Ravalnath Shende | 44.43% |
| Rajashri Shende | 12.14% |
| Other Promter | 0.04% |
| Total | 56.61% |
Management Details
| Name | Designation |
|---|---|
| Ravalnath Shende | MD |
| Abhijit Saoji | CEO |
| Manoj Kothale | CFO |
Company Details
Name: Shree Refrigerations Limited
Address: Plot. No. 131/1+2, Opp. MSEB Stores, Virwade Road, Ogalewadi, Karad, Maharashtra-415105, India
Number: 02164-272015
Email: Investor@shreeref.com
Website: www.shreeref.com
Book Running Lead Managers (BRLMs)
Narnolia Financial
Visit WebsiteRTAs
MUFG Intime India
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Shree Refrigerations IPO is a SME IPO having an issue size of Rs. ₹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.
Shree Refrigerations IPO opens on 24 Jul 25 and closes on 29 Jul 25.
The estimated Grey Market Premium of Shree Refrigerations IPO is ₹0 per share (0.00%).
The minimum lot size of Shree Refrigerations IPO is 1000 shares & the minimum application amount is Rs. 125000.
The allotment date of Shree Refrigerations IPO is 30 Jul 25.
The listing date of Shree Refrigerations IPO is 01 Aug 25.
Shree Refrigerations IPO is subscribed -.
Shree Refrigerations IPO is priced at ₹119 - ₹125 per share.
Click the allotment link on Shree Refrigerations IPO page of IPO360.
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