Shree Refrigerations
IPO Closes in
IPO Timeline
Issue open date
25 Jul 2025Issue close date
29 Jul 2025UPI mandate deadline
29 Jul 2025Allotment finalization
30 Jul 2025Refund initiation
31 Jul 2025Share credit
31 Jul 2025Listing date
1 Aug 2025Mandate end date
14 Aug 2025Lock-in end date for anchor investors (50%)
29 Aug 2025Lock-in end date for anchor investors (remaining)
28 Oct 2025Grey Market Premium Trend
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 25 Jul | ₹90 | ₹215 | 72.00% |
| 24 Jul | ₹90 | ₹215 | 72.00% |
| 23 Jul | ₹80 | ₹205 | 64.00% |
| 22 Jul | ₹80 | ₹205 | 64.00% |
| 21 Jul | ₹75 | ₹200 | 60.00% |
IPO Closes in
IPO Subscription Status
| Category | Times | Allotment Chances |
|---|---|---|
| HNIs (Total) | 1.42 | 70.4% |
| QIBs | 0 | - |
Key Dates
Quick Stats
Issue Details
Reservation
Additional Resources
About the Company
Incorporated in 2006, Shree Refrigerations Limited is a leading manufacturer of advanced HVAC(heating, ventilation, and air conditioning) systems, including chillers, air and water-cooled condensing units, test equipment, marine HVAC systems, and spray dampening systems. The company serves diverse sectors such as automotive, marine, print media, chemical, pharmaceutical, and general engineering. Based in Karad, Maharashtra, SRL operates a well-equipped manufacturing facility offering custom fabrication to meet specific industry standards. The company is also an approved supplier to the Indian Navy, with registrations from the Directorate of Electrical Engineering and the Directorate of Quality Assurance – Warship Projects. SRL focuses on delivering high-quality, reliable, and efficient HVAC solutions tailored to the domestic market.
Strengths
- Expertise in delivering customized HVAC and control solutions for specific client needs
- High-quality product standards backed by ISO and defense certifications
- Diverse product portfolio covering chillers, HVAC systems, marine refrigeration, and custom components
- Diverse client base across key industries supports consistent business growth
- Promoter’s expertise in HVAC and refrigeration industry
- Proven track record of sustained financial performance
Risks
- Customer concentration with Top 5 contributing to over 81% revenue(FY25)
- Significant reliance on Indian Govt and Navy contracts, exposes the business to risks from budget cuts, policy changes or delays in defense orders
- Contingent liabilities, if materialized may impact financials and growth
- Dependence on limited number of key suppliers
- High reliance on Maharashtra, UP and Goa makes the business vulnerable to regional disruptions
Shree Refrigerations IPO – Frequently Asked Questions
- The price band for the Shree Refrigerations IPO is set at ₹119 to ₹125 per share.
- The Shree Refrigerations IPO opens on July 25, 2025 and closes on July 29, 2025.
- The tentative listing date for the Shree Refrigerations IPO is August 1, 2025.
- You can apply for the Shree Refrigerations IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Shree Refrigerations, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Shree Refrigerations IPO is 1000 shares. Investors must apply for at least one lot (i.e., 1000 shares).