Alice Blue Home
URL copied to clipboard

Trending News

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

Shreenath Paper shares had a weak debut on the NSE SME today, opening at ₹35.20, marking a 20% drop from the issue price of ₹44. The IPO ran from February 25-28.
Shreenath Paper debuts weak on NSE SME, opening 20% lower at ₹35.20 from issue price.
Shreenath Paper debuts weak on NSE SME, opening 20% lower at ₹35.20 from issue price.

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.

Alice Blue Image

Also Read: Auto ancillary stock jumps after getting selected as tier 1 supplier to airbus commercial aircraft

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.

Also Read: Stock jumps 6% after winning multiple orders from TN, Kerala and Chandigarh International Airports

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.

Loading
Submit the form, and get to know how you scored!!!
Read More News
300%+ रिटर्न देने वाले इलेक्ट्रिक उपकरण स्टॉक्स ने मजबूत वृद्धि, उच्च रिवार्ड्स और विस्तार दिखाया।

Electric Equipment Stocks, जिन्होंने 300% से ज्यादा रिटर्न दिया है और निवेशकों के लिए खास नजर रखने लायक हैं।

300% से अधिक रिटर्न देने वाले इलेक्ट्रिक उपकरण स्टॉक्स ने जबरदस्त वृद्धि दिखाई है। बढ़ती मांग, तकनीकी नवाचार और विस्तार

*T&C apply