{"id":43876,"date":"2025-07-24T16:56:32","date_gmt":"2025-07-24T11:26:32","guid":{"rendered":"https:\/\/financialtelegraph.in\/index.php\/2025\/07\/24\/shree-refrigerations-limited-ipo-opens-on-july-25-2025\/"},"modified":"2025-07-24T16:56:32","modified_gmt":"2025-07-24T11:26:32","slug":"shree-refrigerations-limited-ipo-opens-on-july-25-2025","status":"publish","type":"post","link":"https:\/\/financialtelegraph.in\/index.php\/2025\/07\/24\/shree-refrigerations-limited-ipo-opens-on-july-25-2025\/","title":{"rendered":"Shree Refrigerations Limited IPO Opens on July 25, 2025"},"content":{"rendered":"<div>\n<p><img loading=\"lazy\" width=\"1200\" height=\"675\" src=\"https:\/\/financialtelegraph.in\/wp-content\/uploads\/2025\/07\/Shree-Refrigerations-Limited-IPO-Opens-on-July-25-2025.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Shree Refrigeration\u2019s Limited IPO Opens on July 25, 2025 - PNN\" decoding=\"async\"><\/p>\n<p><b>Mumbai (Maharashtra) [India], July 24: <\/b><span style=\"font-weight: 400;\">Shree Refrigerations Limited (Shree, The Company), a manufacturer of mission-critical refrigeration and HVAC systems with a deep legacy in India\u2019s defence and industrial sectors, is opening its Initial Public Offering on July 25, 2025, aiming to raise \u20b9117.32 Crores (at upper price band). The Company proposes to list its equity shares on the BSE SME platform.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The issue size is 93,86,000 equity shares with a face value of \u20b92 each. The IPO consists of a fresh issue of 75,61,000 equity shares and an offer for sale of 18,25,000 shares with a price band of \u20b9 119 \u2013 \u20b9 125 Per Share.<\/span><\/p>\n<p><b>Equity Share Allocation<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">QIB Anchor Portion \u2013 Up to 26,73,000 Equity Shares<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Qualified Institutional Buyer \u2013 Up to 17,82,000 Equity Shares<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Non-Institutional Investors \u2013 Not Less than 13,39,000 Equity Shares<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Retail Individual Investors \u2013 Not Less than 31,22,000 Equity Shares<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Market Maker \u2013 4,70,000 Equity Shares<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The net proceeds from the IPO will be utilized Funding the Working Capital requirement and general corporate purposes. The anchor portion will open on Thursday, July 24, 2025 and issue will close on Tuesday, July 29, 2025.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Book Running Lead Manager to the Issue is Narnolia Financial Services Limited, and the Registrar is MUFG Intime India Private Limited.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Mr. Ravalnath Gopinath Shende, Managing Director of Shree Refrigerations Limited expressed, This IPO is a strategic leap forward for the company. With over four decades of experience and a proven track record of delivering refrigeration and HVAC systems for mission-critical applications\u2014from Indian Naval ships to pharmaceutical, manufacturing Industry and Food processing units\u2014we have built a reputation for engineering excellence and trusted execution.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The rising demand for customized, energy-efficient, and regulation-compliant cooling solutions across industries presents a strong runway for future expansion. The funds raised through this offering will support our working capital needs, enabling us to execute our expanding order book efficiently, scale up operations, and pursue new project opportunities in high-compliance environments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">More than just a capital raise, this IPO is a catalyst for scaling our capabilities to meet the evolving needs of India\u2019s industrial landscape. We look forward to entering this new phase of accelerated growth with the support of the wider investment community.\u201d<\/span><\/p>\n<p><b>Mr. Vipin Aggarwal, Director of Narnolia Financial Services Limited said,<\/b><span style=\"font-weight: 400;\"> \u201cWe are proud to partner with Shree Refrigerations Limited in its IPO journey. The company has a well-established reputation for engineering excellence and delivering customized refrigeration and HVAC solutions for highly regulated and mission-critical sectors such as defense, pharmaceuticals, food processing, and chemicals.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What sets Shree apart is its ability to blend deep domain knowledge with modern manufacturing and precision engineering. Its consistent financial growth, strong margins, and blue-chip clientele underscore the company\u2019s operational strength and market relevance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The planned IPO funding is a strategic move that will not only support the company\u2019s working capital needs but also fuel its broader growth ambitions. By expanding its geographical presence and strengthening its position in high-value markets. We believe the company is well-poised for long-term growth and value creation.\u201d\u00a0<\/span><\/p>\n<p><em>If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], July 24: Shree Refrigerations Limited (Shree, The Company), a manufacturer of mission-critical refrigeration and HVAC systems with a deep legacy in India\u2019s defence and industrial sectors, is &hellip; <a href=\"https:\/\/financialtelegraph.in\/index.php\/2025\/07\/24\/shree-refrigerations-limited-ipo-opens-on-july-25-2025\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":43877,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[448],"class_list":["post-43876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","entry"],"_links":{"self":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/43876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/comments?post=43876"}],"version-history":[{"count":0,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/43876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media\/43877"}],"wp:attachment":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media?parent=43876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/categories?post=43876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/tags?post=43876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}