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Shrenik IPO
Shrenik serves its customers with variety of papers like copier, maplitho, coated paper, FBB board and a speciality paper commodity royal executive bond. Apart from being the wholesale distributors, the company has its own brand named ―Shrenik. The company plans to include different varieties of paper products under the brand ―Shrenik like copier, sticker sheets, etc in near future. The company has a diversified customer base catering to various segments. It has consistent retention of key customer segments which has ensured it with around 3000-3500 customer base all over Gujarat and Rajasthan.
Apart from procuring paper from local paper manufacturers and traders, it is also wholesaler distributor of Tamilnadu Newsprint and Papers Limited in Gujarat region, Asia Pulp and Paper in Gujarat and Rajasthan region. The company has association with its suppliers for supply of paper and hence does not anticipate any problem in procurement.
Promoters of Shrenik – Shrenikbhai Vimawala and Rishit Vimawala
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Shrenik IPO details |
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| Subscription Dates | 6 – 10 July 2017 |
| IPO Price band | INR40 per share |
| Fresh issue | 5,400,000 shares (INR21.6 crore) |
| Offer for sale | Nil |
| Total IPO size | 5,400,000 shares (INR21.6 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
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Shrenik’s financial performance (in INR crore) |
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| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 54.25 | 213.28 | 265.86 | 329.46 | 428.09 | |
| Total expenses | 54.07 | 211.85 | 264.18 | 324.93 | 421.76 | |
| Profit after tax | 0.10 | 0.96 | 1.03 | 2.94 | 4.19 | |
Shrenik Limited
505-508, 10/11,
Beside Mardia Plaza, CG Road,
Ahmedabad – 380 009
Phone: +91 79 2644 0505
Email: [email protected]
Website: www.shrenik.co.in
| Day |
Subscription (no. of times) |
| Day 1 | 1.02 |
| Day 2 | 1.20 |
| Day 3 | 2.99 |
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Earnings Per Share (EPS): INR2.79
Price/Earnings (P/E) ratio: 14.32
Return on Net Worth (RONW): 15.06%
Net Asset Value (NAV): INR18.55 per share
Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400 083
Maharashtra, India
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website:Â http://www.linkintime.co.in
Shrenik IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
You can also check your IPO allotment status from your mobile at
http://linkintime.co.in/ipo
IPO Opening Date: 6 July 2017
IPO Closing Date: 10 July 2017
Listing Date: 18 July 2017
Listing Price on NSE SME:Â INR41.9 per share (up 4.75% from IPO price)
Closing Price on NSE SME: INR48Â per share (up 20% from IPO price)
do youll have a branch here in jamshedpur jharkhand.
Yes u can contact SMC in jamshedpur bistupr
Kindly confirm GMP per share & should I apply this IPO
hw to apply n frommwhere i can apply…kindly advice should i apply for ipo or not