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

Shrenik IPO Details

IPO Opening DateJul 6, 2017
IPO Closing DateJul 10, 2017
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹40 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME
Issue Size5,400,000 Eq Shares of ₹10
(aggregating up to ₹21.60 Cr)

Shrenik IPO Lot Size

The Shrenik IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹120,000
Maximum13000₹120,000

Shrenik IPO Subscription Status (Bidding Detail)

The Shrenik IPO is subscribed times on Jul 10, 2017 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
Total

Shrenik IPO Prospectus

Shrenik IPO Rating

113
3.8
Rating:Rated 3.8 stars

Vote Here ...

Shrenik IPO Listing Date

Listing DateTuesday, July 18, 2017
BSE Script Code
NSE SymbolSHRENIK
Listing In
ISININE632X01014
IPO Price₹40 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

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

Shrenik IPO Reviews / Ratings

Company Contact Information

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

Shrenik IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: shrenik.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Shrenik IPO FAQs

  1. What is Shrenik IPO?

    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 equity share. The minimum order quantity is 3000 Shares.

    The IPO opens on Jul 6, 2017, and closes on Jul 10, 2017.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

  2. When Shrenik IPO will open?

    The Shrenik IPO opens on Jul 6, 2017 and closes on Jul 10, 2017.

  3. What is the lot size of Shrenik IPO?

    Shrenik IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

  4. How to apply for Shrenik IPO?

    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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Shrenik IPO allotment?

    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.

  6. When is Shrenik IPO listing date?

    The Shrenik IPO listing date is on Tuesday, July 18, 2017.

Shrenik IPO Message Board

Ranked Members  Ranked Members

Loading...
38. ANIRUDH |Jul 21, 2017 10:11
SBI ME AMOUNT DEBIT OR CREDIT HUA ?
37. COMMONMAN |Jul 18, 2017 14:28
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Locked @ 20% Upper Circuit. woah !!!
37.1. arbandyo |Jul 18, 2017 18:03
Allotted share sold in upper circuit @48.
37.2. COMMONMAN |Jul 18, 2017 19:00
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
I also Sold @ 47. Didnt Expected Upper Circuit
But Now It Looks 10% Minimum Upside Tomm .
36. Nandanvallabhdasshah |Jul 17, 2017 17:31
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
35. Nandanvallabhdasshah |Jul 17, 2017 12:38
keep delivery with stop loss of 38.
35.1. Karan shingala |Jul 17, 2017 15:49
What is the sort term target ? And time frame ?
35.2. COMMONMAN |Jul 17, 2017 16:58
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Expect 10-15% Upside In 2-3 Days.
34. Karan shingala |Jul 17, 2017 10:02
I have 1 lot should I hold or what ?
33. Nandanvallabhdasshah |Jul 16, 2017 10:27
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
33.1. RAJ IPO |Jul 16, 2017 23:05
Yes I know Same news
Hold it do not sales
32. RAJESHJ |Jul 15, 2017 18:43
WHEN IS THE LISTING AND WHATS THE GMP
31. Nandanvallabhdasshah |Jul 15, 2017 18:03
Premium 13. 15. Yesterday.
30. arbandyo |Jul 14, 2017 18:57
I too received message for credit .its first day first show was good . let''s see how it react to box office listing.
29. S AGARWAL |Jul 14, 2017 18:05
RECEIVED MSG FROM BANK FOR DEBIT OF AMOUNT AND FROM NSDL FOR CREDIT OF SHARES
28. COMMONMAN |Jul 14, 2017 16:14
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Got 1 Out 2 .
27. J. K |Jul 12, 2017 16:17
how about allotment and any gain/loss news ?
27.3. COMMONMAN |Jul 14, 2017 13:16
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Cannot see shrenik. Can u post link of allotment
27.4. RAJ IPO |Jul 14, 2017 13:22
Message received form bank db amount
26. hnc |Jul 12, 2017 11:02
Allotment and Listing dates ?
25. Prabhakaran Kuppusamy |Jul 6, 2017 17:48
Top Contributor Top Contributor (400+ Posts, 300+ 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.
25.5. COMMONMAN |Jul 10, 2017 20:20
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
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.
25.6. Prabhakaran Kuppusamy |Jul 11, 2017 18:34
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Agreeing 100% with you both.
High tide will rise everything on the surface of water
24. COMMONMAN |Jul 10, 2017 17:59
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Total Final Subscribtion : 3.01 Times.
Rii Category : 3.64 Times
24.1. COMMONMAN |Jul 10, 2017 18:04
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
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.
23. COMMONMAN |Jul 10, 2017 15:23
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
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
22. raju patel |Jul 10, 2017 15:02
Subject to 9000 in Ahmedabad
21. coolaks |Jul 10, 2017 14:44
Hi should we apply in this issue. What is the GMP.
20. Prabhakaran Kuppusamy |Jul 10, 2017 13:16
Top Contributor Top Contributor (400+ Posts, 300+ 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.
19. gala |Jul 7, 2017 13:00
Top Contributor Top Contributor (300+ 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
19.1. COMMONMAN |Jul 9, 2017 16:52
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Me Too Have Applied Just 1 Lot.. Thought Same way. Will Give Some Returns Not High But Will Go through.







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