Shree Refrigerations IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Wed Jul 23 2025

Shree Refrigerations IPO is open for bidding from 25th July 2025 to 29th July 2025. It is a bookbuilding IPO of ₹117.33 crore comprising a fresh issue of 75.61 lakh shares and offer for sale of 18.25 lakh shares. The issue will be listed on BSE and SME on its tentative listing date, 1st August 2025.
Shree Refrigerations IPO Details
The Shree Refrigerations IPO date is fixed between 25th July 2025and 29th July 2025. The face value of Shree Refrigerations IPO shares stands at ₹2 per share, and the IPO price band is set between ₹119 to ₹125 per share.
MUFG Intime India Private Limited is the registrar of the Shree Refrigerations IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | 25th July 2025 |
IPO Close Date | 29th July 2025 |
IPO Allotment Date | 30th July 2025 |
Refund Initiation | 31th July 2025 |
Issue Size | 93,86,000 shares(aggregating up to ₹117.33 Cr) |
Fresh Issue | 70,91,000 shares(aggregating up to ₹88.64 Cr) |
Offer for sale | 18,25,000 shares of ₹2(aggregating up to ₹22.81 Cr) |
Face Value | ₹2 per share |
Lot Size | 1,000 share |
Issue Price Band | ₹119 to ₹125 per share |
Issue Type | Bookbuilding IPO |
Listing At | BSE & SME |
Listing Date | 1st August 2025 |
Shree Refrigerations IPO Share Reservation
Shree Refrigerations IPO is a bookbuilding IPO issue of ₹75.61 lakh shares worth ₹117.33 crores. Shree Refrigeration Limited shares will be listed on the BSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Categories | Share Offered | % of Shares offered |
Market Maker Shares Offered | 4,70,000 | 5.01% |
QIB Shares Offered | 44,55,000 | 47.46% |
Retail Shares Offered | 31,22,000 | 33.26% |
NII (HNI) Shares Offered | 13,39,000 | 14.27% |
Total Shares Offered | 93,86,000 | 100.00% |
Shree Refrigerations IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Shree Refrigerations IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
23-07-2025 | ₹125.00 | ₹50.00 | ₹175.00 | 40.00% |
22-07-2025 | ₹125.00 | ₹75.00 | ₹200.00 | 60.00% |
As of 23rd July 2025, Shree Refrigerations IPO GMP stands at ₹50 per share, which means the share will likely show a listing at ₹175 on its tentative listing date, 1st August 2025.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Shree Refrigerations GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
Shree Refrigerations IPO GMP Review

Check out the detailed Shree Refrigerations GMP IPO review for a thorough understanding of its potential to report listing gains on 1st August 2025. The Shree Refrigerations IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Shree Refrigerations IPO.
Shree Refrigerations Limited’s revenue soared by 22% from ₹81.19 crores in March 2024 to ₹99.10 crores in March 2025. Moreover, the company’s PAT increased by 17% from ₹11.53 crores to ₹13.55 crores.
Shree Refrigerations Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Shree Refrigerations IPO for its tentative listing day, which is 23rd July 2025.
Technical Analysis
A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Shree Refrigerations IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | 23.81 |
EPS (Earnings Per Share) | 5.25 |
RoNW | 15.44% |
ROCE | 23.22% |
ROE | 15.44% |
EBITDA Margin | 27.29% |
Price to Book Value | 4.98 |
Market Capitalisation | ₹445.38 cr. |
The PE ratio of Shree Refrigerations Limited shares is 23.81, and its Earnings Per Share (EPS) stands at 5.25. Thus, the Shree Refrigerations Limited IPO can potentially deliver gains on its tentative listing date, 1st August 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Shree Refrigerations Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
Indicators | Pre-IPO | Post-IPO |
PE Ratio | 23.81 | – |
EPS | 5.25 | – |
Shree Refrigerations Limited IPO Peer Comparison
Company Name | EPS | P/E Ratio | RoNW | Face value | Revenue |
Shree Refrigerations Limited | 5.03 | 23.81 | 15.44 | ₹2 | 82.72 |
Johnson Controls-Hitachi Air Conditioning India Limited | 21.60 | 81.33 | 9.60 | ₹10 | 1,929.00 |
Shree Refrigerations IPO Subscription Status
Shree Refrigerations IPO is to be opened for bidding on 25th July 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Spunweb Nonwoven IPO Subscription Status.
Investor Category | Shares Offered | Shares Subscribed | Subscription to the Times |
Market Maker Shares Offered | 4,70,000 | Yet to be announced | Yet to be announced |
QIB Shares Offered | 44,55,000 | Yet to be announced | Yet to be announced |
Retail Shares Offered | 31,22,000 | Yet to be announced | Yet to be announced |
NII (HNI) Shares Offered | 13,39,000 | Yet to be announced | Yet to be announced |
Total Shares Offered | 93,86,000 | Yet to be announced | Yet to be announced |
About Shree Refrigerations Limited

Shree Refrigerations Limited was incorporated in 2006, is primarily engaged in the manufacturing of refrigeration solutions for different industries. They specifically deal in the manufacturing of HVAC systems and the designing and manufacturing of testing equipment.
The company has expanded its business in the pharmaceutical, auto, chemical, and even the defence sectors. Shree Refrigeration’s biggest achievement is to work for the indian navy, which built a strong foundation for trust and assured product quality.
- Quality standards and an ISO-certified organisation
- Technology and Collaboration
- Wide range of products
- Strong Leadership and Experienced Management
Shree Refrigerations Limited Financials
The company’s financial analysis is essential before applying for the Shree Refrigerations IPO. Look at the table to learn about Shree Refrigerations Limited’s financials.
Year Ended | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
Assets | 185.60 | 124.11 | 94.32 |
Revenue | 99.10 | 82.72 | 50.90 |
Profit After Tax | 13.55 | 11.53 | 2.57 |
EBITDA | 26.94 | 24.38 | 11.90 |
Net Worth | 114.74 | 60.72 | 45.22 |
Reserve and surplus | 109.13 | 55.82 | 21.25 |
Total Borrowing | 39.73 | 36.80 | 32.07 |
Explanation
Shree Refrigerations Limited’s revenue soared by 24.61% from ₹191crores in March 2024 to ₹238 crores in March 2025. Moreover, the company’s PAT increased by 39.22% from ₹16.60 crores to ₹23.11 crores.
Also Read : Meesho Filed DRHP With SEBI For IPO: Check Key Insights
Shree Refrigerations IPO Bidding Requirements
Investors can bid for a Minimum of 2000 shares in multiples of 100 Shares thereof. The following table represents the Minimum and Maximum Investment by Individual Investors minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
Individual Investors(Retail)(Min) | 2 | 2,000 | ₹2,50,000 |
Individual Investors(Retail)(Max | 2 | 2,000 | ₹2,50,000 |
S-HNI(Min) | 3 | 3,000 | ₹3,75,000 |
S-HNI (Max) | 8 | 8,000 | ₹10,00,000 |
B-HNI (Min) | 9 | 9,000 | ₹11,25,000 |
Shree Refrigerations IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO.
Use the lot size calculator to find how many shares you should apply!
Shree Refrigerations Limited IPO Promoter Holdings
Have a look at the table below to check the holdings of Shree Refrigerations Limited’s promoters: Mr. Ravalnath Gopinath Shende, Mrs. Rajashri Ravalnath Shende, and Mrs. Devashree Vishwesh Nampurkar.
Share Holding Pre-Issue | 56.6% |
Share Holding Post-Issue | 44.59% |
Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
Aim of Shree Refrigerations IPO
The primary aim of the Shree Refrigerations IPO is to raise ₹117.33 crores. On the other hand, Shree Refrigerations has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Shree Refrigerations IPO.
- To meet the general corporate purposes.
- To fund the incremental working capital requirements of the company.
Explore the pros and cons of Shree Refrigerations to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades.
Pros of Shree Refrigerations IPO
- Strong financial performance
- Deep industry knowledge
- Broad product offerings
- Assured product quality
- Cross cutting
Cons of Shree Refrigerations IPO
- Geographical dependence
- Heavy client reliance
- Limited liquidity
- High Valuation
How to Apply for Shree Refrigerations IPO?

Check the steps mentioned below to apply for Shree Refrigerations Ltd
- Step 1: Conduct thorough research on the Shree Refrigerations Limited IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for 2 lots of 2,000 shares worth ₹2,50,000.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Shree Refrigerations IPO from more than one demat account to increase your allotment chances.
How to Check Shree Refrigerations IPO Allotment Status?
You can check for the Shree Refrigerations IPO allotment in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On NSE
- Visit the NSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Shree Refrigerations IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Shree Refrigerations IPO allotment status.
Let’s Wrap
Shree Refrigerations IPO is a bookbuilding issue of shares worth ₹117.33 crores. The shares of Shree Refrigerations Limited will be listed on BSE and SME on its tentative listing date of 1st August 2025. Researching the Shree Refrigerations IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Shree Refrigerations IPO
How is the Shree Refrigerations IPO?
Ans. Currently, on 23rd July 2025, the Shree Refrigerations IPO GMP (Grey Market Premium) stands at ₹50. It indicates that the estimated listing price could be ₹175 per share. It is a bookbuilding IPO of 75.61 lakh shares worth ₹117.33 crores. The face value of each share of Shree Refrigerations Limited is ₹2.
What is the Shree Refrigerations IPO price?
Ans. The Shree Refrigerations IPO price band has been set between ₹119 and ₹125 per share. Retail investors can apply for a minimum of 2 lots consisting of 2,000 shares worth ₹2,50,000. Moreover, HNIs are required to bid for a minimum of 3 lots (3,000 shares) worth ₹3,75,000.
Is the Shree Refrigerations IPO good?
Ans. Shree Refrigerations Limited’s revenue soared by 22% from ₹81.19 crores in March 2024 to ₹99.10 crores in March 2025. Moreover, the company’s PAT increased by 17% from ₹11.53 crores to ₹13.55 crores. Investors can analyse other relevant factors and make a decision accordingly.
Who is the registrar of the Shree Refrigerations IPO?
Ans. MUFG Intime India Private Limited is the registrar of the Shree Refrigerations IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding the Shree Refrigerations allotment and refund, you can contact MUFG Intime India Private Limited at ipohelpdesk@linkintime.co.in or +91-22-4918 6270.
What is the issue size of the Shree Refrigerations IPO?
Ans. Shree Refrigerations IPO is a bookbuilding IPO for 75.61 lakh shares worth ₹117.33 crore. Moreover, the IPO is set to open on 25th July 2025 and will be closed on 29th July 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Shree Refrigerations IPO, download the Shree Refrigerations IPO RHP and Shree Refrigerations IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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