Shree Refrigerations Ltd (BSE SME)

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Shree Refrigerations

July 25, 2025 – July 29, 2025

Price ₹119 - ₹125
GMP Rumors * ₹70
Lot size 1000
Allotment Jul 30, 2025
Listing Aug 1, 2025

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Live Rate

Open
High
Low
Prev. Close
Lower circuit
Upper circuit
52w High
52w Low
P/E Ratio

Shree Refrigerations Listing Price

Exchange Listing Price Gain/Loss %
BSE ₹169.85 +₹44.85 +35.88%

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Shareholding Pattern


Shree Refrigerations Subscription

Last updated on 29-Jul-2025 18:58:07

CategoryOfferedAppliedTimes
QIBs1782000298158000167.32
HNIs1338000261876000195.72
bHNI892000191084000214.22
sHNI44600070792000158.73
Individual3122000609208000195.13
Total62420001169242000187.32
Application-Wise Breakup img
CategoryReservedAppliedTimes
HNIs (10L+)2971846962.19
HNIs (3-10L)14922385150.23
Individual1561267110171.11
QIB Interest Cost Per Share (7 Days)
@7%
₹28.1
@8%
₹32.1
@9%
₹36.1
@10%
₹40.1
@11%
₹44.1
@12%
₹48.1

Shree Refrigerations Lot(s) Distribution

Category Lot(s) Qty Amount Reserved
bHNI 9 9000 1125000 297

Shree Refrigerations Reservation

Category Shares Offered %
QIB 1782000 26.55%
HNI 1338000 19.93%
INDIVIDUAL 3122000 46.51%
Market Maker 471000 7.02%
Total 6713000 100%

Shree Refrigerations About

IPO Reservation
Investor CategoryShares OfferedNo. of Shares
INDIVIDUAL33.26%31,22,000
BHNI9.50%8,92,000
SHNI4.75%4,46,000
Anchor28.48%26,73,000
QIB18.99%17,82,000
Market Maker5.02%4,71,000
Total 100.00%93,86,000
IPO Details
Total Issue Size93,86,000 shares (aggregating up to 117.33 Cr)
Fresh Issue75,61,000 shares (aggregating up to 94.51 Cr)
Offer For Sale18,25,000 shares (aggregating up to 22.81 Cr)
Issue TypeBookbuilding IPO
Listing AtBSE SME
Share Holding Pre Issue2,80,69,409 shares
Share Holding Post Issue3,56,30,409 shares
Reserved for Market Maker4,70,000 shares 
Market MakerMansi Share & Stock Broking Private Limited
Key Performance Indicator
KPIMar-25Mar-24Mar-23
RONW15.44%26.78%18.28%
ROCE23.22%34.15%19.61%
EPS
(basic)
5.315.871.55
P/E Pre IPO23.81
Company Financial In Crore
Period EndedMar-25Mar-24Mar-23
Assets185.6124.1194.32
Revenue99.181.1950.9
Profit After Tax13.5511.532.57
EBITDA26.9424.3811.9
Net Worth114.7460.7245.22
Reserves and Surplus109.1355.8221.25
Total Borrowing39.7336.832.07
About Company
Incorporation Year: 2006

Core Business: Manufacturing of HVAC systems, including:

  • Air and water-cooled condensing units
  • Chillers
  • Spray dampening systems

Industries Served :

The company caters to a wide range of sectors such as:

  • Automotive
  • Marine
  • Print Media
  • Chemical
  • Pharmaceutical
  • General Engineering

Product Portfolio :

Shree Refrigerations offers a comprehensive product lineup, including:

  • Chillers
  • Test Equipment
  • Marine HVAC Systems
  • Printing Chillers
  • Customized Fabrication Solutions
    These are designed in accordance with industry standards and tailored to client-specific needs.

Manufacturing Facility :

Located in Karad, Maharashtra, the plant is equipped with advanced:

  • Manufacturing machinery
  • Quality testing tools
  • Material handling systems
    These resources ensure all products meet stringent pre-defined quality parameters.

Strength

Customized Engineering Solutions: The company specializes in offering tailor-made HVAC systems, AC plants, control panels, and chillers, designed by an experienced team to meet specific client project needs.

Strong Quality Focus with Certifications: An ISO 9001:2015 certified firm with additional Defence certifications, ensuring global-standard quality through 100% product testing and strict compliance with customer-approved protocols.

Strategic Technical Collaborations: Partners with specialized entities for HVAC designs, including for naval applications like warships and submarines, enhancing expertise and expanding into niche sectors.

Weakness

Heavy Dependence on Government Contracts: A large portion of business relies on contracts from the Government of India, especially the Indian Navy. Any budget cuts, policy changes, or contract delays could significantly impact operations.

Revenue Concentration in Marine Chillers: The company derives most of its revenue from Marine Chillers. Failure to attract new clients or reduced demand in this segment may negatively affect business performance.

Limited Customer Base: Relying on a few key customers for a major share of revenue poses a risk—loss or reduced demand from any major client could harm financial health and growth prospects.

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Shree Refrigerations Latest Announcements

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Shree Refrigerations Financial Results

Shree Refrigerations Lead Manager(s)

Shree Refrigerations Address

Shree Refrigerations Ltd.
Plot. No. 131/1+2,
Opp. MSEB Stores, Virwade Road,
Ogalewadi,
KaradMaharashtra, 415105
Phone02164-272015
EmailInvestor@shreeref.com
Website: http://www.shreeref.com/

Shree Refrigerations Registrar

MUFG Intime India Private Limited - Link Intime
Address:

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