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Shrenik Limited IPO (Shrenik IPO) Detail

Jul 6, 2017 - Jul 10, 2017

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.

Company Promoters:

The promoters of the company are:

1. Shrenikbhai Vimawala
2. Rishit Vimawala

Objects of the Issue:

The object of the issue are:

1. Fulfill working capital requirements
2. General corporate purpose

Issue Detail:

  »»  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

Shrenik IPO Reviews:

  1. Shrenik Limited IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved
Day 1 - Jul 6, 2017 17:00 IST14700045390008130005499000
Day 2 - Jul 7, 2017 17:00 IST147000480300015390006489000
Day 3 - Jul 10, 2017 17:00 IST1470007020000909900016266000

Shrenik IPO Prospectus

Shrenik IPO Rating

113
3.8
Rating:Rated 3.8 stars

Vote Here ...

Shrenik IPO Listing Date

  •   ›  Listing Date: Tuesday, July 18, 2017
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: SHRENIK
  •   ›  Listing In:
  •   ›  ISIN: INE632X01014
  •   ›  Issue Price: Rs 40 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
NSE SME
Issue Price:Rs 40.00
Open:Rs 41.90
Low:Rs 41.90
High:Rs 48.00
Last Trade:Rs 48.00
Volume:2,952,000

Shrenik IPO News Alerts

  1. Tuesday, July 18, 2017 12:00:00 AM
    Shrenik Limited IPO - Listing
  2. Monday, July 10, 2017 12:00:00 AM
    Shrenik Limited IPO - Close
  3. Thursday, July 6, 2017 12:00:00 AM
    Shrenik Limited IPO - Open

Company Contact Information

Shrenik Limited
D/87, Nava Anaj Bazar,
Opp. Anupam Cinema,
Khokhara, Ahemdabad - 380008
Phone: 079-22931502
Fax: NA
Email: cs@shrenik.co.in
Website: http://www.shrenik.co.in

Shrenik IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: shrenik.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Shrenik IPO Lead Manager(s)

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Shrenik IPO Review / Comments

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38. ANIRUDH  Jul 21, 2017 11:11:15 AM IST I Like It. | Report Abuse
SBI ME AMOUNT DEBIT OR CREDIT HUA ?
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37. COMMONMAN  Jul 18, 2017 3:28:48 PM IST I Like It. 1 | Report Abuse
Locked @ 20% Upper Circuit. woah !!!
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37.1. arbandyo  Jul 18, 2017 7:03:07 PM IST I Like It. | Report Abuse
Allotted share sold in upper circuit @48.
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37.2. COMMONMAN  Jul 18, 2017 8:00:47 PM IST I Like It. | Report Abuse
I also Sold @ 47. Didnt Expected Upper Circuit
But Now It Looks 10% Minimum Upside Tomm .
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36. Nandanvallabhdasshah  Jul 17, 2017 6:31:27 PM IST I Like It. | Report Abuse
I THINK IT WILL OPEN 42 43 AND WILL B RANGE BOUND TO 42 TO 45 FOR SHORT TERM. LONG TERM 60. STOP LOSS 38 MUST
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35. Nandanvallabhdasshah  Jul 17, 2017 1:38:00 PM IST I Like It. | Report Abuse
keep delivery with stop loss of 38.
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35.1. Karan shingala  Jul 17, 2017 4:49:51 PM IST I Like It. | Report Abuse
What is the sort term target ? And time frame ?
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35.2. COMMONMAN  Jul 17, 2017 5:58:45 PM IST I Like It. | Report Abuse
Expect 10-15% Upside In 2-3 Days.
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34. Karan shingala  Jul 17, 2017 11:02:40 AM IST I Like It. | Report Abuse
I have 1 lot should I hold or what ?
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33. Nandanvallabhdasshah  Jul 16, 2017 11:27:55 AM IST I Like It. | Report Abuse
Listing cud b on Tuesday I just got news, der is no premium now. It cud open near 42 43.some people in market say it ll run like focus lamp sme. Lets hope best
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33.1. RAJ IPO  Jul 17, 2017 12:05:27 AM IST I Like It. | Report Abuse
Yes I know Same news
Hold it do not sales
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32. RAJESHJ  Jul 15, 2017 7:43:30 PM IST I Like It. | Report Abuse
WHEN IS THE LISTING AND WHATS THE GMP
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31. Nandanvallabhdasshah  Jul 15, 2017 7:03:14 PM IST I Like It. 5 | Report Abuse
Premium 13. 15. Yesterday.
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30. arbandyo  Jul 14, 2017 7:57:51 PM IST I Like It. 1 | Report Abuse
I too received message for credit .its first day first show was good . let''s see how it react to box office listing.
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29. S AGARWAL  Jul 14, 2017 7:05:13 PM IST I Like It. | Report Abuse
RECEIVED MSG FROM BANK FOR DEBIT OF AMOUNT AND FROM NSDL FOR CREDIT OF SHARES
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28. COMMONMAN  Jul 14, 2017 5:14:18 PM IST I Like It. 1 | Report Abuse
Got 1 Out 2 .
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27. J. K  Jul 12, 2017 5:17:19 PM IST I Like It. | Report Abuse
how about allotment and any gain/loss news ?
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27.3. COMMONMAN  Jul 14, 2017 2:16:53 PM IST I Like It. | Report Abuse
Cannot see shrenik. Can u post link of allotment
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27.4. RAJ IPO  Jul 14, 2017 2:22:43 PM IST I Like It. 1 | Report Abuse
Message received form bank db amount
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26. hnc  Jul 12, 2017 12:02:47 PM IST I Like It. | Report Abuse
Allotment and Listing dates ?
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25. Prabhakaran Kuppusamy  Jul 6, 2017 6:48:05 PM IST I Like It. 8 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Yes. Very good subscription for first day (fully subscribed).
It''s a miracle.
Even 50% of MarketMaker''s portion is already subscribed by QIBs.
Still, I''m maintaining AVOID on this.
Wait till last-day (these bids could also be withdrawn, right?) This could be for deception.
I will decide on lastday.

Just answer one question, why should someone block this much bigger amount for 5 days unnecessarily? They can simple apply on lastday, right? Is this subscription figures just for advertisement? Only time can tell.
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25.5. COMMONMAN  Jul 10, 2017 9:20:58 PM IST I Like It. | Report Abuse
Sir Prabhakaran I am Not Opposing U Infact I m Imprssed By your Calculation and working On Balance Sheets, still will Follow your posts.
But Rahul Dravid is Good For Test Cricket Not For 20-20, It is More of Unorthodox Investment. Anything can go up , anything can come down.
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25.6. Prabhakaran Kuppusamy  Jul 11, 2017 7:34:13 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Agreeing 100% with you both.
High tide will rise everything on the surface of water
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24. COMMONMAN  Jul 10, 2017 6:59:35 PM IST I Like It. 1 | Report Abuse
Total Final Subscribtion : 3.01 Times.
Rii Category : 3.64 Times
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24.1. COMMONMAN  Jul 10, 2017 7:04:08 PM IST I Like It. 1 | Report Abuse
Sme Ipo Are Majorly Run By Operator... Not Every Time Although.
Technicals Dont Work in It.
Many Good Fundamental Sme prises are not moving , & Bogus Company Prises have doubled
Have Strict Stop loss and go with flow in Bull Mkt.
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23. COMMONMAN  Jul 10, 2017 4:23:57 PM IST I Like It. 2 | Report Abuse
Bid Details for SHRENIK as on 10-Jul-2017 15:20:00 IST
Sr. No      Category      No of shares bid for
1      Qualified Institutional Buyers(QIBs)      1,47,000
1(a)      Foreign Institutional Investors(FIIs)      0
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      0
1(c)      Mutual funds      0
1(d)      Others      1,47,000
2      Non Institutional Investors      65,97,000
2(a)      Corporates      15,42,000
2(b)      Individuals(Other than RIIs)      50,55,000
2(c)      others      0
3      Retail Individual Investors(RIIs)      57,90,000
3(a)      Cut Off      0
3(b)      Price bids      57,90,000
Total      1,25,34,000

TOTAL : 2.30 TIMES TILL NOW
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22. raju patel  Jul 10, 2017 4:02:44 PM IST I Like It. 3 | Report Abuse
Subject to 9000 in Ahmedabad
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21. coolaks  Jul 10, 2017 3:44:41 PM IST I Like It. | Report Abuse
Hi should we apply in this issue. What is the GMP.
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20. Prabhakaran Kuppusamy  Jul 10, 2017 2:16:01 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Buy TNPL/JKpaper (both TN based) and hold it for one year.
Then, compare it with the returns you will get with Shrenik - then you will understand.
If the SME has specialization and does something which nobody does (or valuation is cheap), then only you should for SME stocks - otherwise prefer the mainline ones.
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19. gala  Jul 7, 2017 2:00:30 PM IST I Like It. 3 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Gujarat based companies always get superb response no doubt on this one too...... Though I am a fundamentals follower and not interested much in this one .... This will go through and be a good listing my gutt suggests

Disclaimer -- only one lot I have applied
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19.1. COMMONMAN  Jul 9, 2017 5:52:27 PM IST I Like It. | Report Abuse
Me Too Have Applied Just 1 Lot.. Thought Same way. Will Give Some Returns Not High But Will Go through.
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