Shree Refrigerations IPO Details
The Shree Refrigerations IPO is a book build issue with a total issue size of ₹117.33 cr, comprising of fresh issue of 7091000 equity shares., and a offer for sale of 1825000 equity shares. Shree Refrigerations IPO opened for subscription on Jul 25, 2025 and closed on Jul 29, 2025. Shree Refrigerations IPO is set price band at ₹119 to ₹125 per share, with a lot size of 1000 shares. Minimum investment for Retail investors was ₹250,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jul 30, 2025, and listed on both the NSE and BSE on Aug 01, 2025.
MUFG Intime India Private Limited has been appointed as the registrar. Narnolia Financial Services are the Book Running Lead Manager for the issue.
Before investing in the Shree Refrigerations IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 119 – 125
- Lot Size
- 1000
- Issue Size
- ₹117.33 Cr
- Minimum Investment
- ₹250000 (2000 Shares)
- Listing Date
- 01 August 2025
Current GMP
₹70 (+56.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Shree Refrigerations Limited
Incorporated on April 24, 2006, Shree Refrigerations Limited is a manufacturer of HVAC (Heating, Ventilation, and Air Conditioning) systems and related components. The company caters primarily to domestic markets across a wide range of industries including:
- Automotive
- Marine
- Print Media
- Chemical
- Pharmaceutical
- General Engineering
Product & Service Portfolio:
- Products:
- Chillers (including printing and marine chillers)
- Marine HVAC & R Systems
- Test Equipment (e.g., Cabin Leakage Tester, Air Flow Measurement Rig)
- Services:
- HVAC System Installation
- Plant Operations (e.g., for naval vessels)
- Equipment Repairs
- Customized Fabrication Services (design, CNC production, painting)
Manufacturing Facility:
- Located in Karad, Maharashtra, equipped with advanced machinery and testing tools to meet stringent quality standards.
Key Strengths:
- Customization capabilities
- ISO 9001:2015 certification and strong quality management systems
- Technical collaborations and in-house R&D
- Vendor approvals from the Indian Navy and Ministry of Defence
- Recognized with awards like:
- GS Parkhe Award (Innovation in Entrepreneurship)
- Brig SB Ghorpade Award (MSME in Defence Manufacturing)
- ZED GOLD Certification (MSME Sustainable ZED Scheme)
Defence Sector Approvals:
- Registered by various branches of the Indian Navy for supplying HVAC systems, Motor Starter Panels, and related equipment.
- Active participant in naval HVAC projects, including installation, operation, and maintenance until vessel handover.
Human Resources (as of May 31, 2025):
- 129 permanent employees
- 165 contractual employees
Shree Refrigerations IPO Promoters
- Mr. Ravalnath Gopinath Shende
- Mrs. Rajashri Ravalnath Shende
- Mrs. Devashree Vishwesh Nampurkar
Promoters Holding
Holding Pre Issue
56.60%
Holding Post Issue
44.59%
Shree Refrigerations IPO Objective
The Company Shree Refrigerations IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding the Working Capital requirement
- General Corporate Purposes
Address / Contact Info
Shree Refrigerations Limited
Plot. No. 131/1+2,
Opp. MSEB Stores,
Virwade Road,
Ogalewadi,Karad,
Maharashtra, 415105
Phone: 02164-272015
Email: Investor@shreeref.com
Website: http://www.shreeref.com/
IPO Snapshot
Book Running Lead Managers
- Narnolia Financial Services
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Shree Refrigerations IPO is a Book-building IPO with a total issue size of ₹117.33 crore. The Shree Refrigerations IPO price band is ₹119 to 125 per share. The Shree Refrigerations IPO subscription opens on Fri, Jul 25, 2025, and closes on Tue, Jul 29, 2025. The Shree Refrigerations IPO will be listed on the BSE. MUFG Intime India Private Limited is the registrar for the Shree Refrigerations IPO.
The Shree Refrigerations IPO opens on Fri, Jul 25, 2025 and closes on Tue, Jul 29, 2025
Shree Refrigerations IPO Price Band is ₹119 to 125 per share.
Shree Refrigerations IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹250000 based on the upper price band
The minimum investment for Shree Refrigerations IPO is ₹250000, based on one lot of 1000 shares at the upper price band of ₹125 per share.
Investors can apply for the Shree Refrigerations IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Jul 29, 2025. The application amount remains blocked until the Shree Refrigerations IPO allotment is finalized.
Shree Refrigerations IPO issue size is ₹117.33 crores.
Shree Refrigerations IPO allotment date is Wed, Jul 1, 2026.
The registrar for Shree Refrigerations IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Shree Refrigerations IPO allotment status, refund processing, and other IPO-related information.
The Shree Refrigerations IPO GMP (Grey Market Premium) is ₹70 as of Fri, Aug 1, 2025. Based on the upper price band of ₹125 per share, the estimated Shree Refrigerations IPO listing price is ₹195, indicating a potential listing gain of approximately 0% over the issue price.