Issue Price
₹125
Per Share
GMP
NIL
Grey Market
Est. Listing
₹125
Expected Price
Min. Application
₹250,000
2 lots × 1000 shares
Incorporated in 2006, Shree Refrigerations Limited is engaged in the manufacturing of HVAC systems, including air and water-cooled condensing units, chillers, and spray dampening systems.The company serves various sectors, such as automotive, marine, print media, chemical, pharmaceutical, and general engineering.The company offers a range of products, including chillers, test equipment, marine HVAC systems, and printing chillers, along with customized fabrication services to meet engineering industry standards and client needs.The company's manufacturing facility in Karad, Maharashtra, is equipped with the necessary machinery, testing, and handling equipment to ensure products meet pre-determined quality standards.The company offers chillers, test equipment, marine HVAC systems, and printing chillers, along with customized fabrication services, collaborating with clients to develop engineered components that meet quality standards.Services:Chiller: Installation of HVAC System ,Repairs of Plants and Equipcertifications & RecognitionFabrication: Order and Design, Material Management, CNC Programming and Production, Painting ProcessOther Products and Services: Cabin Leakage Tester, Air Flow Measurement Rig, Psychometric Lab.As of May 31, 2025, the company had 129 permanent employees and 165 contractual employees.Competitive Strengths:Customization of productsQuality standards and ISO certified organisationTechnology and CollaborationWide range of productsStrong Leadership and Experienced Management
Shree Refrigerations Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 471,000 | — | ₹5.89 Cr | — |
| TOTAL | 9,386,000 | 100.00% | ₹117.33 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹125,000 |
| Retail (Max) | 13 | 13,000 | ₹1,625,000 |
| sNII (Min) | 14 | 14,000 | ₹1,750,000 |
| bNII (Min) | 68 | 68,000 | ₹8,500,000 |
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 99.10 | 81.19 | 50.90 |
| EBITDA | 26.94 | 24.38 | 11.90 |
| Profit After Tax (PAT) | 13.55 | 11.53 | 2.57 |
| Net Worth | 114.74 | 60.72 | 45.22 |
| Total Assets | 185.60 | 124.11 | 94.32 |
| Reserves & Surplus | 109.13 | 55.82 | 21.25 |
| Total Borrowings | 39.73 | 36.80 | 32.07 |