Incorporated in 2012, Shrenik Ltd is (SL) primarily engaged in the business of trading of different types of papers in Gujarat and Rajasthan through distribution channel. They offers coated papers, notebook papers, photocopy papers, folding box boards, etc.
The company serves customers with variety of papers like copier, maplitho, coated paper, FBB Board and a speciality paper commodity royal executive bond. Besides being a wholesaler they have also introduces its own brand â€œShrenikâ€ covering copier, sticker sheet etc. Itâ€™s customer base in Gujarat and Rajasthan is around 3000 plus. They are also a wholesaler for Tamil Nadu Newsprint and Papers Ltd in Gujarat and for Asia Pulp in Gujarat and Rajasthan. Its sticker sheets are used in soap and pharma industries, and stationary business.
The promoters of the company are:
1. Shrenikbhai Vimawala
2. Rishit Vimawala
The object of the issue are:
1. Fulfill working capital requirements
2. General corporate purpose
»» Issue Open: Jul 6, 2017 - Jul 10, 2017
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 5,400,000 Equity Shares of Rs 10 aggregating up to Rs 21.60 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 40 Per Equity Share
»» Market Lot: 3000 Shares
»» Minimum Order Quantity: 3000 Shares
»» Listing At: NSE SME
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved|
|Day 1 - Jul 6, 2017 17:00 IST||147,000||4,539,000||813,000||5,499,000|
|Day 2 - Jul 7, 2017 17:00 IST||147,000||4,803,000||1,539,000||6,489,000|
|Day 3 - Jul 10, 2017 17:00 IST||147,000||7,020,000||9,099,000||16,266,000|
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