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Shrenik IPO is a fixed price issue of Rs 21.60 crores.
Shrenik IPO bidding started from July 6, 2017 and ended on July 10, 2017. The shares got listed on NSE SME on July 18, 2017.
Shrenik IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Shrenik IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Shrenik IPO RHP for detailed information.
| IPO Date | July 6, 2017 to July 10, 2017 |
| Listing Date | July 18, 2017 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 5,400,000 shares (aggregating up to ₹21.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| Lot Size Calculator | |||
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 “Shrenik” covering copier, sticker sheet etc. It’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 object of the issue are:
1. Fulfill working capital requirements
2. General corporate purpose
[Dilip Davda] Investors may consider moderate investment in this fully priced issue for short to long term. Read detail review...
The Shrenik IPO is subscribed times on July 10, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | July 18, 2017 |
| BSE Script Code | |
| NSE Symbol | SHRENIK |
| ISIN | INE632X01014 |
| Final Issue Price | ₹40 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹40.00 |
| ₹41.90 |
| ₹41.90 |
| ₹48.00 |
| ₹48.00 |
Shrenik Limited
D/87, Nava Anaj Bazar,
Opp. Anupam Cinema,
Khokhara, Ahemdabad - 380008
Phone: 079-22931502
Email: cs@shrenik.co.in
Website: http://www.shrenik.co.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: shrenik.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Shrenik IPO is a SME IPO of 5,400,000 equity shares of the face value of ₹10 aggregating up to ₹21.60 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000 Shares.
The IPO opens on July 6, 2017, and closes on July 10, 2017.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Shrenik IPO opens on July 6, 2017 and closes on July 10, 2017.
Shrenik IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
You can apply in Shrenik IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Shrenik IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shrenik IPO allotment status.
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