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Shrenik Limited IPO (Shrenik IPO) Detail

July 6, 2017 - July 10, 2017

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.

Shrenik IPO Details

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 Size5,400,000 shares
(aggregating up to ₹21.60 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME

Shrenik IPO Reservation

Shrenik IPO Lot Size

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

About Shrenik Limited

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.

Objects of the Issue (Shrenik IPO Objectives)

The object of the issue are:

1. Fulfill working capital requirements
2. General corporate purpose

Shrenik IPO Review (Apply)

[Dilip Davda]  Investors may consider moderate investment in this fully priced issue for short to long term. Read detail review...

Shrenik IPO Subscription Status (Bidding Detail)

The Shrenik IPO is subscribed times on Jul 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)

CategorySubscription (times)

Shrenik IPO Prospectus

Shrenik IPO Rating

Rating:Rated 3.8 stars
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Shrenik IPO Listing Details

Listing Date July 18, 2017
BSE Script Code
ISIN INE632X01014
Final Issue Price ₹40 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Shrenik IPO Contact Details

Shrenik Limited
D/87, Nava Anaj Bazar,
Opp. Anupam Cinema,
Khokhara, Ahemdabad - 380008
Phone: 079-22931502

Shrenik IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Shrenik IPO - Buy or Not

Shrenik IPO Recommendation Summary

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Members 0 0 0

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Shrenik IPO FAQs

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.

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

Ranked Members of Forum  Ranked Members | Most Liked Members



38. ANIRUDH |   Link |Jul 21, 2017 10:11:15 AM
37. COMMONMAN |   Link |Jul 18, 2017 2:28:48 PM (200+ Posts, 200+ Likes)
Locked @ 20% Upper Circuit. woah !!!
37.1. arbandyo |   Link |Jul 18, 2017 6:03:07 PM
Allotted share sold in upper circuit @48.
37.2. COMMONMAN |   Link |Jul 18, 2017 7:00:47 PM (200+ Posts, 200+ Likes)
I also Sold @ 47. Didnt Expected Upper Circuit
But Now It Looks 10% Minimum Upside Tomm .
36. Nandanvallabhdasshah |   Link |Jul 17, 2017 5:31:27 PM
35. Nandanvallabhdasshah |   Link |Jul 17, 2017 12:38:00 PM
keep delivery with stop loss of 38.
35.1. Karan shingala |   Link |Jul 17, 2017 3:49:51 PM
What is the sort term target ? And time frame ?
35.2. COMMONMAN |   Link |Jul 17, 2017 4:58:45 PM (200+ Posts, 200+ Likes)
Expect 10-15% Upside In 2-3 Days.
34. Karan shingala |   Link |Jul 17, 2017 10:02:40 AM
I have 1 lot should I hold or what ?
33. Nandanvallabhdasshah |   Link |Jul 16, 2017 10:27:55 AM
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 |   Link |Jul 16, 2017 11:05:27 PM
Yes I know Same news
Hold it do not sales
32. RAJESHJ |   Link |Jul 15, 2017 6:43:30 PM
31. Nandanvallabhdasshah |   Link |Jul 15, 2017 6:03:14 PM
Premium 13. 15. Yesterday.
30. arbandyo |   Link |Jul 14, 2017 6:57:51 PM
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 |   Link |Jul 14, 2017 6:05:13 PM
28. COMMONMAN |   Link |Jul 14, 2017 4:14:18 PM (200+ Posts, 200+ Likes)
Got 1 Out 2 .
27. J. K |   Link |Jul 12, 2017 4:17:19 PM
how about allotment and any gain/loss news ?
27.3. COMMONMAN |   Link |Jul 14, 2017 1:16:53 PM (200+ Posts, 200+ Likes)
Cannot see shrenik. Can u post link of allotment
27.4. RAJ IPO |   Link |Jul 14, 2017 1:22:43 PM
Message received form bank db amount
26. hnc |   Link |Jul 12, 2017 11:02:47 AM
Allotment and Listing dates ?
25. Prabhakaran Kuppusamy |   Link |Jul 6, 2017 5:48:05 PM (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 |   Link |Jul 10, 2017 8:20:58 PM (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 |   Link |Jul 11, 2017 6:34:13 PM (400+ Posts, 300+ Likes)
Agreeing 100% with you both.
High tide will rise everything on the surface of water
24. COMMONMAN |   Link |Jul 10, 2017 5:59:35 PM (200+ Posts, 200+ Likes)
Total Final Subscribtion : 3.01 Times.
Rii Category : 3.64 Times
24.1. COMMONMAN |   Link |Jul 10, 2017 6:04:08 PM (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 |   Link |Jul 10, 2017 3:23:57 PM (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

22. raju patel |   Link |Jul 10, 2017 3:02:44 PM
Subject to 9000 in Ahmedabad
21. coolaks |   Link |Jul 10, 2017 2:44:41 PM
Hi should we apply in this issue. What is the GMP.
20. Prabhakaran Kuppusamy |   Link |Jul 10, 2017 1:16:01 PM (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 |   Link |Jul 7, 2017 1:00:30 PM
Top Contributor Top Contributor (400+ Posts, 200+ 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 |   Link |Jul 9, 2017 4:52:27 PM (200+ Posts, 200+ Likes)
Me Too Have Applied Just 1 Lot.. Thought Same way. Will Give Some Returns Not High But Will Go through.