- POSITIVE
Annual Revenue Shree Refrigerations Mar-2026 Annual Revenue is Rs 155 Cr which is growth of 56.5% YoY.
- POSITIVE
Annual Net Profit Shree Refrigerations Mar-2026 Annual Net Profit is Rs 21 Cr which is growth of 56.1% YoY.
Shree Refrigerations was incorporated on April 24, 2006. The company manufactures chillers, refrigeration, and HVAC systems for domestic industries including automotive, marine, pharma, and engineering. It is an approved supplier of marine chillers to the Indian Navy
| Bidding Dates |
|---|
| 25 Jul 2025 - 29 Jul 2025 |
| Subscription |
|---|
| 174.25x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹238,000 | 2 | 2 | 1000 | 9.4 M | ₹119 - ₹125 | 44.6 % | ₹1,116.9 M - ₹1,173.3 M | RHP DOC |
Shree Refrigerations IPO SUBSCRIPTION STATUS
29 Jul '25Total174.25x
Retail Individual Investor259.29x
HNI (NII) Investors260.54x
Qualified Institutional Buyers88.83x
Shree Refrigerations IPO overall subscription rate was 174.25 times the total available shares
Shree Refrigerations IPO retail subscription rate was 259.29 times in the retail segment
Shree Refrigerations IPO non-institutional investor subscription rate was 260.54 times in the non-institutional investor category
Shree Refrigerations IPO Qualified Institutional Bidder subscription rate was 88.83 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
29 Jul 2025 (Day 3) | 259.29x | 260.54x | 88.83x |
28 Jul 2025 (Day 2) | 46.3x | 16.1x | 1.2x |
25 Jul 2025 (Day 1) | 4.81x | 1.9x | 0x |
Shree Refrigerations FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 13.5 | 98.7 | -24.9 | -32.7 | 27.3% |
| FY24 | 11.5 | 80.3 | -5.2 | -6.6 | 30.4% |
| FY23 | 2.6 | 50.6 | -4.5 | -5.1 | 23.5% |
Shree Refrigerations IPO SUBSCRIPTION STATUS DETAILS
Shree Refrigerations had 9.4 M shares on offer
Shree Refrigerations IPO offer price was in the range ₹119 - ₹125
Shree Refrigerations IPO minimum Investment was ₹238000
Shree Refrigerations IPO issue size was ₹ 1,116.9 M - ₹ 1,173.3 M
Shree Refrigerations had a minimum lot size of 1000 Shares per application
Shree Refrigerations NUMBER OF SHARES ON OFFER
Total9.4 M
Fresh Issue7.6 M
Offer for Sale1.8 M
Post Issue Promoter Holding %44.6 %
Shree Refrigerations IPO IMPORTANT DATES
| Issue Open Date | 25 Jul 2025 |
| Issue close Date | 29 Jul 2025 |
| Allotment Date | 30 Jul 2025 |
| Refund Date | 31 Jul 2025 |
| Demat Account Credit Date | 31 Jul 2025 |
| Listing Date | 01 Aug 2025 |
| Listing on Exchange(s) | BSE |
| Shree Refrigerations Allotment Status | Exchange/ Registrar |
Shree Refrigerations IPO subscription opened on 25 Jul 2025, and closed on 29 Jul 2025
IPO allotment for Shree Refrigerations was finalized on Wednesday, 30 Jul 2025
IPO listing for Shree Refrigerations was on BSE on Friday, 01 Aug 2025
Shree Refrigerations IPO LISTING GAINS
| Issue Price (adjusted) | 125.0 |
| Listing Open Price | 169.8 |
| Listing Close Price | 175.4 |
| Listing Gain% | 35.9% |
| Current Gain% | 209.1% |
Shree Refrigerations Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shree Refrigerations Ltd. | 386.4 | 1376.8 | 63.9 | 1.1 | 8.9 | 10 | 7.3 | 155.1 | 56.5 | 21.5 | 59 | 6 | 59 |
| LG Electronics India Ltd. | 1758.6 | 119368.9 | 65.4 | -6.3 | 4.7 | 22 | 12.4 | 24932.8 | 1.2 | 1685.1 | -23.5 | 26.9 | -10.4 |
| Dixon Technologies (India) Ltd. | 13015 | 79613.5 | 42.4 | 0.7 | 1.5 | 30.8 | 7.5 | 49585.8 | 27.5 | 1438.6 | 31.3 | 306.9 | 58.2 |
| Voltas Ltd. | 1067.9 | 35335.2 | 78.7 | -2.6 | 2.4 | 5.9 | 2.6 | 14482.6 | -8 | 375.9 | -55.3 | 13.6 | -30.6 |
| Blue Star Ltd. | 1571.5 | 32312.4 | 63.5 | -10.1 | 2.5 | 15.4 | 6.2 | 12463.9 | 3.5 | 527.7 | -10.8 | 24.8 | -6.3 |
| Amber Enterprises India Ltd. | 6869 | 24225.5 | 315.2 | -4.4 | 1.9 | 4.1 | 1.3 | 12306.6 | 22.5 | 177.6 | -27.1 | 21.8 | -72.1 |
Annual
Balance Sheet
Ratios
Cash Flow
Shree Refrigerations annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
Nested row level
Base Level
Reporting Type
Standalone
Cell Data
Actual
Table Settings
YoY & New to Old
CAGR Columns
Select...
Nested row level
Base Level
Export
| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 |
|---|---|---|---|---|---|---|
45% | 155.1 | 99.1 | 81.2 | 50.9 | ||
Operating Exp. Ann. | 46.1% | 120.7 | 71.8 | 55.9 | 38.7 | |
Operating Profit Ann. | 40.2% | 32.8 | 27 | 24.4 | 11.9 | |
OPM Ann. % | -3.2% | 21.17% | 27.20% | 30.04% | 23.37% | |
41.3% | 130.2 | 80.4 | 63.8 | 46.2 | ||
EBITDA Ann. | 41.1% | 34.3 | 27.3 | 25.3 | 12.2 | |
EBITDA Ann. margin % | -2.7% | 22.14% | 27.57% | 31.12% | 24.02% | |
Interest Ann. | -1.7% | 3.7 | 4.5 | 4.1 | 3.9 | |
Depr. | 17.2% | 5.8 | 4.2 | 3.8 | 3.6 | |
PBT Ann. | 74.1% | 24.8 | 18.7 | 17.4 | 4.7 | |
Tax Ann. | 26% | 3.4 | 5 | 5.2 | 1.7 | |
90.4% | 21.4 | 13.7 | 12.2 | 3.1 | ||
Net Profit Ann. | 90.4% | 21.4 | 13.7 | 12.2 | 3.1 | |
NPM Ann. % | 32% | 13.93% | 13.88% | 15.19% | 6.05% | |
EPS Adj. latest Ann. | 88.2% | 6 | 3.9 | 3.4 | 0.9 |
*All financials are in INR Cr and price data in INR
Add metric to table
Search...
Total Rev. Ann.
1Y CHG
56.5%
2Y CAGR
38.2%
3Y CAGR
45%
Net Profit Ann.
1Y CHG
56.2%
2Y CAGR
32.4%
3Y CAGR
90.4%
Operating Exp. Ann.
1Y CHG
68.1%
2Y CAGR
46.9%
3Y CAGR
46.1%
Shree Refrigerations INFORMATION ON IPO ISSUE
About Shree Refrigerations
Shree Refrigerations was incorporated on April 24, 2006. The company manufactures chillers, refrigeration, and HVAC systems for domestic industries including automotive, marine, pharma, and engineering. It is an approved supplier of marine chillers to the Indian Navy
Object of the Issue
- Funding the working capital requirements of the company
- General corporate purposes
Shree Refrigerations - PROMOTERS
| Name |
|---|
| Ravalnath Gopinath Shende |
| Rajashri Ravalnath Shende |
| Devashree Vishwesh Nampurkar |
Shree Refrigerations Book Running Lead Manager
Narnolia Financial Services Limited
ipo@narnolia.com
Shree Refrigerations Registrar to the issue
MUFG Intime India Private Limited
shreerefrigerations.ipo@linkintime.co.in
Shree Refrigerations Strengths
Quality standards
The company focuses on delivering quality services, backed by ISO 9001:2015 and Ministry of Defence certifications. All products undergo 100% rigorous testing in a fully equipped QA lab, ensuring compliance with global standards and customer satisfaction
Strength
Technology & collaboration
The company leverages strategic collaborations, including technical partnerships for HVAC projects and naval applications. These alliances enhance expertise and scalability, creating strong alternative business models in the defence sector
Strength
Diversified product range
The company offers a diverse range of products including chillers, marine chillers, HVAC systems, and refrigeration units for industries like defence, pharma, and chemicals. This product diversity helps ensure consistent returns and business stability
Strength
Shree Refrigerations Risks
Revenue concentration risks
The company manufactures chillers and HVAC components for various industries, with major revenue from marine chillers. High dependence on this segment poses a risk if new clients aren't secured
Risk
Insurance risks
The company maintains insurance for certain risks and renews policies regularly, but coverage may not be adequate. Any significant uninsured or underinsured loss could adversely impact its business and financial condition
Risk
Inherit risks
The company’s operations involve inherent risks like equipment failure, accidents, or environmental damage. Contractual safeguards and insurance may not fully cover these, potentially affecting its reputation, business, and financial results
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 22.8 crore, of 1,825,000 shares. It also consists of a fresh issue of Rs 94.5 crore.
The promoters of the company are Ravalnath Gopinath Shende, Rajashri Ravalnath Shende and Devashree Vishwesh Nampurkar.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 119.0 - 125.0.
The IPO application opens on Jul 25, 2025 and closes on Jul 29, 2025.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 238,000.0, the maximum value for this IPO is Rs 250,000.0.
This IPO will be allotted on Jul 30, 2025.
The refund will be credited to your account on Jul 31, 2025.
The allotted shares will be credited to your demat on Jul 31, 2025.
Shree Refrigerations Ltd.’s shares listed on the stock exchanges on Aug 01, 2025.