Shree Refrigerations IPO: Know All The Details Here

In 2024, the global HVAC systems market was valued at a massive USD 241.52 billion, and will grow around USD 445.73 billion by 2033.

Shree Refrigerations, a long-standing player in this industry, is now going public this July.

The IPO is being managed by Narnolia Financial, while MUFG Intime is the registrar. Click here to check allotment status. 

See the Shree Refrigerations IPO RHP for more details. 

Note: Half of Shree Refrigerations shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.

Shree Refrigerations IPO Details: Company Profile

Take a quick look at Shree Refrigerations IPO.


Particulars

Details

Incorporated

2006

Registered Office 

Karad, Maharashtra

Promoters 

Mr. Ravalnath Gopinath Shende

Products 

Refrigeration, chillers, and air conditioning appliances

Number Of Employees 

294

Competitors 

Hitachi Air Conditioning 

Exploring the Shree Refrigerations IPO Details

Check this first before considering knowing Shree Refrigerations IPO subscription status.

  • Shree Refrigerations IPO Date

All the key dates for the IPO are listed below.


Key Event

Date

IPO opens for subscription

25 July 2025

Last date to apply for the IPO

29 July 2025

Deadline to approve UPI mandate

29 July 2025 (5 PM)

Finalisation of IPO allotment

30 July 2025

Refunds begin for unallotted applications

31 July 2025

Shares in your demat accounts

31 July 2025

IPO on stock exchanges

01 August 2025

Last date for UPI mandate validity

14 August 2025


Lock-in ends (50% of holding)

29 August 2025

Lock-in ends (remaining holding)

28 October 2025

  • Shree Refrigerations IPO Issue Size

This is the total value of the company before you bid for the Shree Refrigeration IPO.


Particulars

Number of Equity Shares

Aggregate Value

Fresh Issue 

75,61,000

₹94.51 crores

Offer for Sale

18,25,000 

₹22.81 crores

Overall Issue 

93,86,000

₹117.33 crores

  • Objectives of the offer 

The company has shared how it wants to use the IPO proceeds.


Particulars

Amount (in ₹ Lakh)

Funding for the Capital requirement

7,000.00

General Corporate Needs 

Not Disclosed 

Total

Not Disclosed


  • Other takeaways from the Shree Refrigerations Share Price

Know the minimum investment required to get started.


Particulars

Description

Face value of each share

₹2

Price Range

₹119 – ₹125

Listed At 

BSE SME


  • Categorisation of different investors 

Take a look at who gets what portion in the Shree Refrigeration IPO.


Category

Shares Reserved

Min Bid Size

Max Application Size

Market Maker

4,70,000 shares

1,000 shares

1,000 shares

Qualified Institutional Buyers (QIBs)

44,55,000 shares

In multiples of 1,000, bid more than ₹2,00,000

Up to Net Issue size, in 1,000-share multiples

Non-Institutional Investors (NIIs)

13,39,000 shares

In multiples of 1,000, bid more than ₹2,00,000

Up to issue size in 1,000-share multiples

Retail Investors

31,22,000 shares

1,000 shares (2 lots, bid more than ₹2,00,000)

Multiples of 1,000 shares (min 2 lots)



The first step in applying is to get a demat account. Find the best brokers that make Shree Refrigerations IPO investing easy. 

Shree Refrigerations IPO details: Key Financials 

Let’s break down the company’s income and growth.

Particulars

As at 31st March 2025

As at 31st March 2024

As at 31st March 2023

Share Capital

561.39

489.82

2,396.59

Reserve & Surplus

10,912.69

5,581.99

2,125.35

Net Worth

11,474.08

6,071.81

4,521.94

Total Borrowings – Long Term

636.05

538.89

476.29

Total Borrowings – Short Term

3,337

3,141.35

2,730.71

Revenue from Operations

9,872.70

8,030.55

5,057.61

Profit after Tax

1,354.66

1,153.06

257.40

EPS (Basic and Diluted) (in ₹)

5.25

5.55

1.30

NAV per Equity Share (in ₹)

40.88

24.79

1,113.00

Metrics of Shree Refrigerations IPO 


Particulars

March 31st, 2025

March 31st, 2024

March 31st, 2023

Current Ratio

2.68

1.96

1.78

Debt-Equity Ratio

0.36

0.55

0.61

Debt Service Coverage Ratio

3.50

4.43

2.49

Trade Receivables Turnover Ratio

1.26

1.28

0.83

Net Capital Turnover Ratio

1.24

1.69

1.91

Net Profit Ratio

1.27

1.88

2.13

Return on Equity Ratio

14.97%

26.27%

18.12%

Return on Capital Employed

22.47%

33.94%

19.93%

Strengths and risks

Understand the strengths and challenges of the company.


Strengths

  • A strong track record of steady financial performance year after year

  • Serve a mix of industries, so they’re not dependent on just one sector for business

  • Known for giving clients what they need with customized solutions

  • They have products like chillers, marine refrigeration, HVAC systems, and custom components

Risks

  • Most of their revenue comes from just 5 clients, which is risky if even one pulls out

  • If any of their legal or financial liabilities become real, it could hurt their finances

  • They get many of their parts from a small group of suppliers, so any supply issue can affect them

  • They’re focused in a few states, which could be a problem during local disruptions

IPO Closing Soon: Is Shree Refrigerations IPO Worth the Rush?

On 28 July, Shree Refrigerations IPO GMP was trading at ₹90. For more information, check the Shree Refrigerations IPO GMP today and get the latest update. It will help you get the best Shree Refrigerations IPO review


Apply for Shree Refrigerations IPO now. Track live Shree Refrigerations IPO subscription today updates here. 

FAQs

1. What is the Shree Refrigerations IPO subscription status?
The Shree Refrigerations IPO subscription status will be updated during the bidding period. Investors can track real-time data on stock exchange websites or financial news platforms. As of now, the subscription figures for retail, QIB, and NII categories are not yet available.

2. How to see Shree Refrigerations IPO review?
The Shree Refrigerations IPO review is mixed so far. Analysts are evaluating the company’s growth potential, financials, and industry position. Investors are advised to check the company’s financial trends and competitive strengths before applying.

3. What is the Shree Refrigerations IPO GMP?
The Shree Refrigerations GMP gives an early idea of investor sentiment before listing. Current GMP for this IPO is around ₹90, indicating possible listing gains or weakness.

4. What is a Demat account and why do I need one?
A Demat account stores your shares in electronic form, just like a bank holds your money. You need a Demat account to apply for the Shree Refrigerations IPO or invest in the stock market.

5. Can retail investors apply for this SME IPO?

SEBI has made a rule that to apply for an SME IPO, you must invest at least ₹2 lakh. This amount can be too high for many small investors. The rule is meant to allow only those who are ready to take more risk. Regular mainboard IPOs still follow the old rules.

AngelOne

Invest Smarter wit Angel One

  • AI-Powered Trading Recommendations
  • Zero Account Opening Charges
  • Quick & Easy Onboarding
AngelOne

Join India’s Leading Broker

  • Zero Brokerage on Investments
  • Smooth & Secure Trading Experience
  • Advanced Charting & Insights
AngelOne

Create Your Demat Account

  • Zero Account Opening Charges
  • Hassle Free Setup
  • Market Insights

Choose Your Trusted Broker

Compare top brokers and find the one that fits your goals.