Shree Refrigerations Ltd IPO
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Shree Refrigerations Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 93.86 L | ₹ 18.25 L | ₹ 31.22 L | ₹ 158.9 L | BSE | ₹ 117.33 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 25 Jul, 25 | 29 Jul, 25 | 1000 | ₹ 1,19,000 | Book Building - SME | 01 Aug, 25 |
Shree Refrigerations Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 4455000 | 0 |
| NII | 0x | 1339000 | 0 |
| Retail | 0x | 3122000 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 9386000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Shree Refrigerations Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 21.13 | 8.29 | 8.24 |
| EBITDA | 24.95 | 11.86 | 11.94 |
| PAT | 11.03 | 3.37 | 3.34 |
| Total Assets | 108.51 | 76.03 | 67.37 |
| Share Capital | 4.90 | 23.97 | 23.10 |
| Total Borrowings | 39.75 | 36.01 | 44.65 |
| Operating Activities (Net Cash) | 14.85 | 6.94 | 7.04 |
| Investing Activities (Net Cash) | 1.50 | 1.84 | 1.03 |
| Financing Activities (Net Cash) | 39.75 | 36.01 | 44.65 |
| Net Cashflow | 5.17 | 5.85 | 2.01 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Shree Refrigerations Ltd
Our Company was originally incorporated as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation issued by the Registrar of Companies, Pune, Maharashtra dated April 24, 2006, with the name `Shree Refrigerations Private Limited' bearing Corporate Identification Number U29191PN2006PTC128377. Subsequently our Company was converted into a public limited company vide special resolution passed by the shareholders at the Extra Ordinary General Meeting held on May 23, 2023, and the name of our Company was changed from Shree Refrigerations Private Limited to Shree Refrigerations Limited. A fresh Certificate of Incorporation was granted to our Company consequent upon conversion into public limited company dated December 5, 2023, bearing Corporate Identification Number U29191PN2006PLC128377 by the Registrar of Companies, Pune, Maharashtra, at present, the registered office of the company is situated at Plot. No. 131/1+2, Opp. MSEB Stores, Virwade Road, Ogalewadi, Karad, Maharashtra-415105, India.
The global HVAC systems market was estimated at USD 241.52 billion in 2024 and is projected to reach USD 445.73 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 7.0% from 2025 to 2033. This growth is propelled by energy efficiency regulations and government incentives for smart and sustainable HVAC systems. Technological advancements, including IoT-enabled monitoring, AI-driven optimization, and integration with renewable energy systems, are further encouraging system upgrades and new installations. Indian HVAC Industry: The Indian HVAC sector is experiencing significant expansion, fueled by rapid urbanization, increasing disposable incomes, and evolving climatic conditions. Government initiatives like 'Make in India' and 'Atmanirbhar Bharat', along with Production Linked Incentive (PLI) schemes, are contributing to the growth of an energy-efficient HVAC market. INDIAN MARINE HVAC The global marine HVAC market is experiencing growth driven by the increasing demand for climate control solutions in various marine vessels, coupled with stringent environmental regulations and technological advancements. Market size: The Marine HVAC Market was estimated at USD 25.69 billion in 2022 and is expected to grow from USD 27.84 billion in 2023 to USD 57.3 billion by 2032, with a CAGR of approximately 8.35% during the forecast period (2024-2032). The market is characterized by increasing environmental regulations, such as the International Maritime Organization\'s (IMO) 2020 sulfur cap, which has led to demand for energy-efficient and eco-friendly HVAC systems.
Our company is engaged in the business of manufacturing Chillers, refrigeration and air conditioning appliances and other parts of Heating, Ventilation, Air Conditioning (HVAC) Industry, offering array of advanced systems and equipment to industries majorly in domestic market. Our collection of products serves multiple industries including Automotive, Marine, Print Media, Chemical, Pharma and General engineering sectors. We are also actively involved in the manufacturing of marine chillers, having approved supplier registrations from various professional directorates of Indian Navy (Directorate of Electrical Engineering and backed by Directorate of Quality Assurance - Warship Projects).
Peer Comparison:
- Shree Refrigerations Limited
- Johnson Controls-Hitachi Air Conditioning (I) Ltd
Shree Refrigerations Ltd IPO Key Points
Strengths
- Low competition within the defense segment.
- Capacity to attract a larger client base for marine chillers.
- Good track record.
- Cordial relations with our clients.
- Quality of products and Services.
Risk
- If we fail to maintain an effective system of internal controls, we may not be able to successfully manage or accurately report our financial risk.
- Certain Agreements, deeds or licenses and certificates may be in the previous name of the company, we have to update the name of our company in all the statutory approvals and certificates due to the conversion of our Company.
- Certain key performance indicators for certain listed industry peers included in this Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
Strategy
- Expand and Improve Our Product Range.
- Maintain Strong Relationships with Suppliers and Customers.
- Attract and Keep Talented Employees.
- Low competition within the defense segment.
- Capacity to attract a larger client base for marine chillers.
- Good track record.
- Cordial relations with our clients.
- Quality of products and Services.
How To Apply for Shree Refrigerations Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
