Shreenath Paper had a disappointing stock market debut on the NSE SME platform, opening at ₹35.20 per share, which is 20% below its IPO price of ₹44. The listing failed to meet investor expectations despite a subscription rate of 1.85 times during the IPO.
Shreenath Paper IPO Overview
📌 Issue Price: ₹44 per share
📌 Listing Price: ₹35.20 per share (-20%)
📌 Subscription Status: 1.85 times
📌 IPO Size: ₹23.36 crore
📌 Book-Running Lead Manager: Galactico Corporate Services Ltd
📌 Registrar: Bigshare Services Pvt Ltd
Shreenath Paper IPO Subscription & Pricing
The IPO opened for subscription on February 25, 2025, and closed on February 28, 2025. The price band was fixed at ₹44 per share, and investors were required to bid for a minimum of 3,000 shares in multiples of 3,000 thereafter.
Despite a 1.85x subscription rate, the stock failed to attract strong buying interest at listing. Shreenath Paper’s Grey Market Premium (GMP) was ₹0, indicating no additional demand beyond the issue price.
About Shreenath Paper Products Ltd
Founded in 2011, Shreenath Paper Products Ltd specializes in supply chain solutions for paper-based industries. The company offers a variety of coated, food-grade, machine-glazed, and adhesive papers.
Key Products Include:
📄 Sublimation Base Paper
📄 Thermal Base Paper
📄 Straw Paper
📄 Cup Stock Paper
📄 Security PSA Sheets
📄 High-Strength Paper
Shreenath Paper caters to industries like FMCG, textiles, pharmaceuticals, packaging, food & beverages, and e-commerce, with a strong market presence in Maharashtra, Gujarat, and Madhya Pradesh.
IPO Fund Utilization
The company plans to use the ₹23.36 crore raised through the IPO for:
✅ Working capital requirements
✅ Corporate expansion & operational growth
Market Outlook
With a weak listing and no GMP premium, investors will closely watch whether Shreenath Paper’s stock price stabilizes in the coming sessions. The long-term success will depend on its business growth and demand in the paper industry.