1. Introduction
The Shree Refrigerations IPO is attracting investor attention as it prepares to list on the SME platform. With a focus on industrial refrigeration and HVAC solutions, the company is launching its IPO with expectations of strong subscription and listing gains. Let’s dive deep into the details, including the Shree Refrigerations IPO GMP, issue size, financials, and more.
2. About the Company
Established in 1991, Shree Refrigerations Limited is engaged in designing, manufacturing, and installing commercial and industrial refrigeration systems, especially cold rooms and HVAC setups. The company serves various sectors like dairy, food processing, hospitality, and pharmaceuticals.
3. Shree Refrigerations IPO Details
4. Objects of the IPO
The net proceeds from the IPO will be used for:
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Working capital requirements
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Repayment of certain borrowings
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General corporate purposes
5. Business Model & Product Portfolio
Shree Refrigerations provides end-to-end solutions in cooling systems including:
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Industrial & commercial refrigeration systems
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HVAC turnkey projects
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Cold storage units for dairy and pharma
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AMC and maintenance services
Their customized and energy-efficient designs give them a competitive edge in the market.
6. Financial Performance (Last 3 Years)
The company has shown consistent growth in revenue and profitability.
7. IPO Grey Market Premium (GMP) & Listing Estimate
The Shree Refrigerations IPO GMP today is around ₹30 (as of July 24, 2025), suggesting a possible listing price of ₹145.
While the GMP is unofficial, it reflects strong market sentiment among investors.
Keep an eye on Live IPO GMP for daily trends before allotment and listing.
8. Valuation & Peer Comparison
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EPS (FY25): ₹6.45
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P/E Ratio: ~17.83x
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Industry P/E Average (HVAC/Refrigeration): ~21x
Peers like Refex Industries, Amber Enterprises, and Blue Star trade at higher multiples, making Shree Refrigerations IPO reasonably valued.
9. Strengths of the Company
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30+ years of experience in HVAC and refrigeration
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Strong order book and client base across industries
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Energy-efficient and customized solutions
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Consistent financial growth
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Promoter-led operations with technical expertise
10. Weaknesses / Risk Factors
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SME listing has lower liquidity and higher risk
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Regional concentration in Maharashtra and nearby areas
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Dependence on cyclical industries like dairy and food processing
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Working capital-intensive business model
11. IPO Schedule: Date, Allotment & Listing
12. Lot Size & Investment Limits
Retail can apply for only 1 lot as per SME norms.
13. IPO Reservation for Retail, QIB & HNI
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Retail Quota: 50%
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NII (HNI): 50%
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QIB: Not applicable (SME IPO)
14. Promoters & Shareholding Pattern
Promoters:
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Mr. Rajesh Gawade
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Mr. Dhananjay Gawade
Shareholding Pattern:
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Before IPO: 100%
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After IPO: 73.36%
15. FAQs about the IPO
Q1. What is Shree Refrigerations' IPO GMP today?
A: As of July 24, the GMP is around ₹30.
Q2. When is Shree Refrigerations' IPO open and close date?
A: IPO opens on July 24 and closes on July 26, 2025.
