Shreenath Paper Products: Shreenath Paper Products shares get listed at 20% discount!Shreenath Paper Products: Shreenath Paper Products shares get listed at 20% discount!

Shreenath Paper had a weak debut on NSE SME, opening at ₹35.20, 20% below its ₹44 issue price. The IPO ran from February 25 to 28, with shares priced at ₹44 each. Investors could bid for a minimum of 3,000 shares, increasing in multiples of 3,000.

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Shreenath Paper IPO saw a 1.85 times subscription on the final bidding day. Valued at ₹23.36 crore, the offering included a fresh issue of 53,10,000 equity shares, with no offer for sale (OFS) component in the IPO structure.

Shreenath Paper Products Limited, founded in 2011, specializes in supply chain solutions for paper-dependent industries. It offers a diverse range of papers, including sublimation base, thermal base, straw, cup stock, security PSA sheets, and high-strength paper, catering to various industrial needs.

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The objective of Shreenath Paper IPO is to raise funds for working capital needs, business expansion, and general corporate purposes. The proceeds will support operational efficiency, enhance production capabilities, and strengthen the company’s market position in the paper supply chain industry.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.