Shree Refrigerations IPO Description – Shree Refrigerations is engaged in manufacturing chillers, refrigeration, and air conditioning appliances, along with various components for the Heating, Ventilation, and Air Conditioning (HVAC) industry. The company offers a wide range of advanced systems and equipment primarily targeting the domestic market. Its product lineup serves multiple sectors, including automotive, marine, print media, chemical, pharmaceutical, and general engineering. Additionally, Shree Refrigerations is actively involved in producing marine chillers and holds approved supplier registrations from several professional directorates of the Indian Navy, including the Directorate of Electrical Engineering and the Directorate of Quality Assurance – Warship Projects.
Shree Refrigerations offers a diverse product range that includes chillers, test equipment, marine HVAC & R systems, and printing chillers, among others. The company also offers value-added fabrication services, providing customized solutions specifically designed for the engineering industry. With in-house design capabilities and technical collaborations with various entities, Shree Refrigerations leverages its expertise in refrigeration and HVAC systems to deliver state-of-the-art solutions.
As of 31 May 2025, Shree Refrigerations had 129 permanent employees and approximately 165 contractual employees.
Promoters of Shree Refrigerations – Mr. Ravalnath Gopinath Shende, Mrs. Rajashri Ravalnath Shende, and Mrs. Devashree Vishwesh Nampurkar
Table of Contents
Shree Refrigerations Offer Details
| Shree Refrigerations IPO Dates | 25 – 29 July 2025 |
| Shree Refrigerations Issue Price | INR 119 – 125 per share |
| Fresh issue | 75,61,000 shares (INR 89.98 – 94.51 crore) |
| Offer For Sale | 18,25,000 shares (INR 21.72 – 22.81 crore) |
| Total IPO size | 93,86,000 shares (INR 111.69 – 117.33 crore) |
| Minimum bid | 2,000 shares (INR 2,50,000) |
| Face Value | INR 2 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
Shree Refrigerations Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 50.58 | 80.31 | 98.73 |
| Expenses | 46.65 | 64.28 | 80.57 |
| Net income | 2.57 | 11.53 | 13.55 |
Shree Refrigerations Offer News
- Shree Refrigerations RHP
- Shree Refrigerations Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Shree Refrigerations Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 1.30 | 5.55 | 5.25 |
| PE ratio | – | – | 22.67 – 23.81 |
| RONW (%) | 18.28 | 26.78 | 15.44 |
| NAV | 1,113.00 | 24.79 | 40.88 |
| ROCE (%) | 19.61 | 34.15 | 23.22 |
| EBITDA (%) | 23.52 | 30.36 | 27.29 |
| Debt/Equity | 0.61 | 0.55 | 0.36 |
Shree Refrigerations IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 31 July 2025 | 87 | – | 66,000 |
| 30 July 2025 | 87 | – | 66,000 |
| 29 July 2025 | 90 | – | 68,000 |
| 28 July 2025 | 87 | – | 67,200 |
| 26 July 2025 | 87 | – | 67,200 |
| 25 July 2025 | 80 | – | 61,000 |
| 24 July 2025 | 77 | – | 58,500 |
Shree Refrigerations IPO Subscription – Live Updates
| Category | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Shares Offered | 17,82,000 | 13,39,000 | 31,22,000 | 62,43,000 |
| 29 Jul 2025 | 167.32 | 195.92 | 195.13 | 187.36 |
| 28 Jul 2025 | 2.25 | 12.11 | 34.85 | 20.67 |
| 25 Jul 2025 | 0.00 | 1.43 | 3.62 | 2.12 |
The market maker reservation portion of 4,70,000 shares and the anchor investors portion of 26,73,000 shares are not included in the above calculations.
Shree Refrigerations IPO Allotment Status
Shree Refrigerations IPO allotment status is now available on MUFG Intime’s website. Click on the MUFG Link Intime IPO weblink to get allotment status.
Shree Refrigerations IPO Dates & Listing Performance
| IPO Opening Date | 25 July 2025 |
| IPO Closing Date | 29 July 2025 |
| Finalization of Basis of Allotment | 30 July 2025 |
| Initiation of refunds | 31 July 2025 |
| Transfer of shares to demat accounts | 31 July 2025 |
| IPO Listing Date | 1 August 2025 |
| Opening Price on BSE SME | INR 169.85 per share (up 35.88%) |
| Closing Price on BSE SME | INR 175.40 per share (up 40.32%) |
Shree Refrigerations Offer Lead Manager
NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743
Email: [email protected]
Website: www.narnolia.com
Shree Refrigerations Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in
Shree Refrigerations Contact Details
SHREE REFRIGERATIONS LIMITED
Plot. No. 131/1+2, Opp. MSEB Stores, Virwade Road,
Ogalewadi, Karad, Maharashtra-415105, India
Phone: 02164-272015
E-mail: [email protected]
Website: www.shreeref.com
IPO FAQs
What is the Shree Refrigerations offer size?
Shree Refrigerations’ offer size is INR 111.69 – 117.33 crores.
What is the Shree Refrigerations’ offer price band?
Shree Refrigerations’ public offer price is INR 119 – 125 per share.
What is the lot size of the Shree Refrigerations IPO?
Shree Refrigerations offer lot size is 1,000 shares.
What is Shree Refrigerations IPO GMP today?
Shree Refrigerations IPO GMP today is INR 87 per share.
What is the Shree Refrigerations kostak rate today?
Shree Refrigerations’ kostak rate today is INR NA per application.
What is Shree Refrigerations IPO Subject to Sauda rate today?
Shree Refrigerations Subject to Sauda rate today is INR 66,000 per application.