Snehaa Organics IPO: Review, Details, Price, GMP, and Allotment & FAQs
The Indian primary market is witnessing a surge in SME IPOs, and among the noteworthy offerings is the Initial Public Offering (IPO) of Snehaa Organics Limited. This Hyderabad-based company, specializing in solvent recovery and recycling, is tapping into the capital market to fuel its growth and strategic initiatives. This blog post provides an in-depth review of the Snehaa Organics IPO, covering all the crucial details for investors considering an application.
About Snehaa Organics Limited
Established in 2017, Snehaa Organics is a key player in the solvent recovery and recycling sector, a niche but vital segment within the chemical industry. The company's business model is centered on providing sustainable solutions by collecting spent solvents from various industries, particularly the pharmaceutical sector, and processing them for reuse. It employs advanced distillation and purification technologies to ensure high-quality recovered solvents. In addition to its core business of recycling, the company also engages in the direct trading of solvents, sourcing raw materials, and selling them in the open market. This integrated model, along with a focus on quality control and a strong client base, has positioned Snehaa Organics for consistent growth.
Snehaa Organics IPO Details
The Snehaa Organics IPO is a book-built issue and is a 100% fresh issue. This means all the funds raised will be directly injected into the company to support its business objectives. Here's a breakdown of the key details:
- Issue Size: ₹32.68 Crore
- Fresh Issue: 26.79 lakh equity shares
- Face Value: ₹10 per equity share
- Listing: NSE SME
Objectives of the IPO
The company plans to utilize the net proceeds from the IPO for the following purposes:
- Meeting the company's working capital requirements.
- Repayment of certain outstanding loans.
- General corporate purposes.
- Meeting issue-related expenses.
Snehaa Organics IPO Date and Price
For investors looking to subscribe, here are the important dates and pricing information:
Key Dates
| IPO Activity | Date |
|---|---|
| IPO Open Date | August 29, 2025 |
| IPO Close Date | September 2, 2025 |
| Basis of Allotment Finalization | September 3, 2025 (Tentative) |
| Initiation of Refunds | September 4, 2025 (Tentative) |
| Credit of Shares to Demat Account | September 4, 2025 (Tentative) |
| IPO Listing Date | September 5, 2025 (Tentative) |
Price and Lot Size
| Details | Information |
|---|---|
| Price Band | ₹115 to ₹122 per equity share |
| Minimum Lot Size (Retail) | 2 lots (2,000 shares) |
| Minimum Investment (Retail) | ₹2,44,000 (at the upper price band) |
Snehaa Organics IPO GMP (Grey Market Premium)
The Grey Market Premium (GMP) is a crucial, though unofficial, metric that gives a glimpse into the market's sentiment towards an IPO before its official listing. The GMP for Snehaa Organics has been showing a strong positive trend, indicating a healthy demand for the shares. As of the latest reports, the GMP is suggesting a significant listing gain for investors. It is important to remember that while GMP can be a good indicator, it is highly volatile and should not be the sole factor in your investment decision. A positive GMP, however, points to strong market confidence in the company's valuation and growth prospects.
Snehaa Organics IPO Allotment Status
After the IPO subscription period concludes, the company will finalize the basis of allotment. This process, managed by the official registrar, Skyline Financial Services Pvt. Ltd., determines how shares are allocated to successful applicants. You can check your allotment status online on the registrar's website. The allotment is expected to be finalized on September 3, 2025. Following this, refunds will be initiated for non-allottees, and shares will be credited to the demat accounts of those who receive an allotment on September 4, 2025.
Financial Performance and Review
A quick look at Snehaa Organics' financials reveals a company on a strong growth trajectory. The company has shown consistent growth in both revenue and profit after tax (PAT) over the past few fiscal years. Its robust financials, coupled with a high return on net worth (RoNW) and return on capital employed (RoCE), make it an attractive proposition. The company's business model is also aligned with the growing focus on environmental, social, and governance (ESG) factors, as it provides sustainable solutions for waste management. However, potential investors should consider the risks, such as high working capital requirements and potential volatility in raw material prices.
Frequently Asked Questions (FAQs)
Snehaa Organics is a company specializing in solvent recovery and recycling. It collects spent solvents from industries and processes them for reuse, and also engages in the direct trading of solvents.
The IPO opened on August 29, 2025, and will close on September 2, 2025.
The price band for the IPO has been set at ₹115 to ₹122 per equity share.
A retail investor needs to apply for a minimum of two lots, which consists of 2,000 shares. The minimum investment at the upper price band would be ₹2,44,000.
You can check the allotment status on the official website of the IPO registrar, Skyline Financial Services Pvt. Ltd., after the basis of allotment is finalized on September 3, 2025.
The shares are tentatively scheduled to be listed on the NSE SME platform on September 5, 2025.
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