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15 Days Price Change

Shree Refrigerations IPO

Closing In

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Issue Size 83.91 Cr
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Price Range 119  to  125 per share
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Min Investment ₹125
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Lot Size 1
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Face Value ₹2
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Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Our company is engaged in the business of manufacturing Chillers, refrigeration and air conditioning appliances and other parts of Heating, Ventilation, Air Conditioning (HVAC) Industry, offering array of advanced systems and equipment to industries majorly in domestic market. Our collection of products serves multiple industries including Automotive, Marine, Print Media, Chemical, Pharma and General engineering sectors. We are also actively involved in the manufacturing of marine chillers, having approved supplier registrations from various professional directorates of Indian Navy (Directorate of Electrical Engineering and backed by Directorate of Quality Assurance – Warship Projects). Read More

Basic Info

Face Value 2 per share

Price 119  to  125 per share

P/E (x) 25.5

Sales( Cr.) 99

PAT( Cr.) 13

EPS 4.9

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Ravalnath Gopinath Shende Rajashri Ravalnath Shende Devashree Vishwesh Nampurkar

Pre Issue Share Holding 56.6%

Post Issue Share Holding 44.59%

Listing Details:

Listing Price: 169.85

Listing Gain: 26.41%

Current Price: 268.9

Gain On Issue: 268.9 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jul 25, 2025
Closing Date Jul 29, 2025
Allotment Jul 30, 2025
Refund Jul 31, 2025
Delivery of Shares Jul 31, 2025
Listing Date Aug 01, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 250,000
Retail (Max) -- -- --
S-HNI (Min) 1 2000 250,000
S-HNI (Max) 4 8000 1,000,000
B-HNI (Min) 5 10000 1,250,000

Objective of the Issue

1. Funding the working capital requirements of our Company 2. General Corporate Purposes

Issue

Category Nos Bid Bid (x)
QIB 1782000 298158000 167.3x
NII 1809000 262341000 145x
Retail 3122000 609186000 195.1x
EMP 0 0 0x
Total 6713000 1169685000 174.2x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Shree Refrigerations Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 45 51 80 99
Other Income 0 0 1 0
Total Income 45 51 81 99
Total Expenditure 33 38 56 72
Operating Profit 12 13 26 27
Interest 4 5 5 5
Depreciation 4 4 4 4
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 4 4 17 19
Provision for Tax 2 2 7 6
Profit After Tax 2 3 10 13
Adjustments 0 0 0 0
Profit After Adjustments 2 3 10 13
Adjusted Earnings Per Share 1 1.3 4.2 4.5

Shree Refrigerations Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 23 45 61 114
Minority's Interest 0 0 0 0
Borrowings 5 5 5 6
Other Non-Current Liabilities 2 3 3 3
Total Current Liabilities 52 42 54 62
Total Liabilities 81 94 124 186
Fixed Assets 6 6 7 14
Other Non-Current Assets 7 13 7 8
Total Current Assets 68 75 107 164
Total Assets 81 94 124 186

Shree Refrigerations Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 1 2 1
Cash Flow from Operating Activities -5 -4 -5 -25
Cash Flow from Investing Activities -8 -8 -2 -9
Cash Flow from Financing Activities 11 14 6 39
Net Cash Inflow / Outflow -2 2 -1 5
Closing Cash & Cash Equivalent 1 2 1 6

Shree Refrigerations Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.03 1.27 4.21 4.49
CEPS(Rs) 3.28 3.02 5.77 6.01
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 1.32 12.23 23.74 40.72
Core EBITDA Margin(%) 23.78 22.29 27.77 24.29
EBIT Margin(%) 16.65 16.47 24.72 20.8
Pre Tax Margin(%) 8.06 7.64 19.01 16.7
PAT Margin (%) 3.34 4.63 11.64 11.37
Cash Profit Margin (%) 10.66 11.04 15.94 15.19
ROA(%) 2.08 2.93 9.45 8.15
ROE(%) 78.27 19.07 24.88 14.63
ROCE(%) 15.02 13.71 25.22 18.23
Receivable days 153.36 173.48 195.77 261.18
Inventory Days 202.58 190.4 127.79 130.96
Payable days 280.47 217.96 106.36 111.87
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 1.25 1.07 0.53 0.43
EV/Core EBITDA(x) 4.68 4.26 1.64 1.54
Net Sales Growth(%) 0 11.62 58.78 22.94
EBIT Growth(%) 0 8.57 139.37 5.22
PAT Growth(%) 0 51.91 300.97 22.21
EPS Growth(%) 0 23.03 232.59 6.63
Debt/Equity(x) 1.56 0.73 0.66 0.37
Current Ratio(x) 1.31 1.79 1.98 2.66
Quick Ratio(x) 0.77 1.07 1.38 1.89
Interest Cover(x) 1.94 1.87 4.33 5.07
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 24% 30% 0% 0%
Operating Profit CAGR 4% 31% 0% 0%
PAT CAGR 30% 87% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 15% 20% 34% 34%
ROCE Average 18% 19% 18% 18%

Company Contact Information

Shree Refrigerations Ltd.

Ashvini Ghanashyam Godbole

02164-272015

Investor@shreeref.com

Plot. No. 131/1+2, Opp. Mseb Stores Virwade Road Ogalewadi

IPO Lead Manager(s)

Shree Refrigerations Ltd.

Narnolia Financial Services Ltd.

Registrar Info

Shree Refrigerations Ltd.

MUFG Intime India Pvt Ltd.

C 101, 247 Park, LBS Marg, Vikhroli (W), Mumbai (Old Address:) C-13 Pannalal Silk Compound, L B S Marg, Bhandup Mumbai Maharashtra

+91 810 811 8484

91-022-49186060

rnt.helpdesk@in.mpms.mufg.com

https://in.mpms.mufg.com/

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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