The Shrenik IPO date has been confirmed to have started on July 6, 2017 and ended on July 10, 2017. Read the post to learn about Shrenik IPO GMP.
Using an IPO, Shrenik is seeking to raise Rs 21.60 crore. Its price is ₹40 per share and the minimum lot size for an application is 3000 shares. Shrenik Limited IPO GMP Today is ₹1.00. The minimum amount of investment required by retail investors is ₹120,000.
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Key Details Of Shrenik IPO:
Bidding Dates
July 6-10
Price Range
₹40 per share
Face Value
₹10 per share
GMP
₹1.00
Shrenik IPO GMP
The Shrenik Limited IPO GMP Today is ₹1.00.
IPO Overview
The Shrenik IPO has a fixed price of Rs 21.60 crore. Bidding for the Shrenik IPO began on July 6, 2017 and finished on July 10, 2017. On July 18, 2017, the shares were listed on the NSE SME. The IPO price for Shrenik is $40 per share. The minimum lot size for an application is 3000 shares. Retail investors must make a minimum investment of $120,000 to participate.
Apart from being a wholesaler, they have also introduced their brand, “Shrenik,” which covers copiers, sticker sheets, and so on. It has about 3000 customers in Gujarat and Rajasthan. They also serve as a distributor for Tamil Nadu Newsprint and Papers Ltd. in Gujarat, as well as Asia Pulp in Gujarat and Rajasthan. Its sticker sheets are used in the soap and pharmaceutical industries, as well as the stationary industry.
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 Size | 5,400,000 shares (aggregating up to ₹21.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Shrenik Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹41.90 |
| Low | ₹41.90 |
| High | ₹48.00 |
| Last Trade | ₹48.00 |
Shrenik IPO Listing Details
| Listing Date | July 18, 2017 |
| BSE Script Code | |
| NSE Symbol | SHRENIK |
| ISIN | INE632X01014 |
| Final Issue Price | ₹40 per share |
Company Profile
Shrenik Ltd (SL), founded in 2012, is principally engaged in the trading of various types of papers in Gujarat and Rajasthan via a distribution system. They sell coated papers, notebook papers, photocopier papers, folding box boards, and other products. Customers are served by a variety of papers such as copier, maplitho, coated paper, FBB Board and a specialized paper commodity royal executive bond.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Shrenik Limited |
| Phone number | 079-22931502 |
| Email ID | [email protected] |
| Website | shrenik.co.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Shrenik IPO FAQs
When Shrenik IPO will open?
The Shrenik IPO opens on July 6, 2017 and closes on July 10, 2017.
What is the lot size of Shrenik IPO?
Shrenik IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
When is Shrenik IPO listing date?
The Shrenik IPO listing date is on July 18, 2017.
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