Incorporated in 2011, Shreenath Paper Products Limited is engaged in offering supply chain solutions to industries that use paper materials such as coated, food-grade, machine-glazed, and adhesive papers in their manufacturing processes.
The company supplies various papers, including sublimation base paper, thermal base paper, straw paper, cup stock paper, security PSA sheets, high-strength paper, C2S and C1S papers, and more.
The company understands client needs, defines specifications, sources specialized manufacturers, tests samples, procures materials in desired quantities, and supplies paper in various grades made from recycled paper, bagasse, and virgin pulp.
The company supplies paper products used in industries such as FMCG, textiles, pharmaceuticals, packaging, food & beverages, e-commerce, and more, primarily in Maharashtra, Gujarat, and Madhya Pradesh.
Product Portfolio:
Sublimation Base Paper, Thermal Base Paper, Straw Paper, Cone Sleeve, Cup Stock, ARSR etc.
- Coated Paper and Board: The company supplies coated paper used for printing annual reports, brochures, magazines, and posters, as well as for manufacturing labels, stickers, and sachets, offering improved print quality and durability.
- Coating Base: The company supplies sublimation, thermal, and NCR base papers for various applications, including textile printing, thermal printing, and carbonless copy paper, ensuring high-quality prints and efficient processes for diverse industries.
- Speciality Paper: The company supplies specialty papers such as parchment, ledger, rail bond, cup stock, MG poster, carry bag, and natural shade paper, each serving unique purposes in industries like baking, transportation, and packaging.
- Cream wove paper: The company supplies premium cream wove papers like Optima, Kappa-G, and Fine Print, offering smooth textures and high printability for brochures, invitations, packaging, and luxury promotional materials across various industries.
As of December 31, 2024, the company had 9 employees.
Competitive Strengths:
- Extensible Business Model
- Strong Network of supplier
- Multiproduct Portfolio and ability to identify customer requirements
- Strong relationships with key customers
- Experienced management team with an established track record
- Track record of financial performance
| Purpose | Amount (₹ Cr) |
|---|---|
| Meeting incremental working capital requirements | — |
| General corporate purposes | — |
| Metric | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 62 | 60 | 51 |
| Revenue | 79 | 190 | 207 |
| PAT | 2 | 4 | 4 |
| Net Worth | 21 | 19 | 11 |
| Reserves | 7 | 5 | 10 |
| Total Borrowing | 31 | 29 | 25 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 2,514,000 (47%) | — |
| Retail (RII) | — | 2,514,000 (47%) | — |
| Market Maker | — | 282,000 (5%) | — |
| Total | — | 5,310,000 (100%) | — |
* Amount calculated at upper price band (₹44) · ** Total includes all investor categories
- 1 Initiation of Refund 04 Mar 2025
- 2 Credit of Shares to Demat 04 Mar 2025
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 27x reflects a moderate valuation relative to typical market ranges.
- Pre-issue EPS of ₹3 compares to post-issue EPS of ₹2 after dilution.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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