Shrenik IPO

Shrenik IPO

Shrenik IPO

Shrenik serves its customers with variety of papers like copier, maplitho, coated paper, FBB board and a speciality paper commodity royal executive bond. Apart from being the wholesale distributors, the company has its own brand named ―Shrenik. The company plans to include different varieties of paper products under the brand ―Shrenik like copier, sticker sheets, etc in near future. The company has a diversified customer base catering to various segments. It has consistent retention of key customer segments which has ensured it with around 3000-3500 customer base all over Gujarat and Rajasthan.

Apart from procuring paper from local paper manufacturers and traders, it is also wholesaler distributor of Tamilnadu Newsprint and Papers Limited in Gujarat region, Asia Pulp and Paper in Gujarat and Rajasthan region. The company has association with its suppliers for supply of paper and hence does not anticipate any problem in procurement.

Promoters of Shrenik – Shrenikbhai Vimawala and Rishit Vimawala

Shrenik IPO details

Subscription Dates6 - 10 July 2017
IPO Price bandINR40 per share
Fresh issue 5,400,000 shares (INR21.6 crore)
Offer for sale Nil
Total IPO size5,400,000 shares (INR21.6 crore)
Minimum bid (lot size)3,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge SME platform

Shrenik's financial performance (in INR crore)

Total revenue54.25213.28265.86329.46428.09
Total expenses54.07211.85264.18324.93421.76
Profit after tax0.100.961.032.944.19

Shrenik Limited
505-508, 10/11,
Beside Mardia Plaza, CG Road,
Ahmedabad – 380 009

Phone: +91 79 2644 0505
Email: [email protected]


Subscription (no. of times)

Day 11.02
Day 21.20
Day 32.99


Earnings Per Share (EPS): INR2.79

Price/Earnings (P/E) ratio: 14.32

Return on Net Worth (RONW): 15.06%

Net Asset Value (NAV): INR18.55 per share

Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400 083
Maharashtra, India

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]

Shrenik IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

You can also check your IPO allotment status from your mobile at

IPO Opening Date: 6 July 2017

IPO Closing Date: 10 July 2017

Listing Date: 18 July 2017

Listing Price on NSE SME: INR41.9 per share (up 4.75% from IPO price)

Closing Price on NSE SME: INR48 per share (up 20% from IPO price)

4 thoughts on “Shrenik IPO

  • July 9, 2017 at 1:35 PM

    hw to apply n frommwhere i can apply…kindly advice should i apply for ipo or not

  • July 3, 2017 at 7:09 PM

    Kindly confirm GMP per share & should I apply this IPO

  • July 2, 2017 at 7:14 PM

    do youll have a branch here in jamshedpur jharkhand.

    • November 2, 2017 at 9:44 PM

      Yes u can contact SMC in jamshedpur bistupr


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