ENA MSME 2025-03-05 14:35:00 <p><span style="font-size:14px"><strong>New Delhi, Mar 5 (KNN)</strong> Shreenath Paper Products Limited witnessed a challenging market debut on Wednesday, March 5, 2025, as its shares listed at Rs 35.20 on the BSE SME platform, representing a significant 20 percent discount from its initial public offering (IPO) price of Rs 44 per share.</span></p> <p><span style="font-size:14px">The company's IPO, which was open for subscription from February 25 to February 28, 2025, raised Rs 23.36 crore through an entirely fresh issue of 5.31 million equity shares.</span></p> <p><span style="font-size:14px">Despite expectations set by grey market indicators, where unofficial trading suggested a flat price around Rs 44 per share, the actual listing fell short of these preliminary estimates.</span></p> <p><span style="font-size:14px">The public offering received a moderate investor response, being oversubscribed approximately 1.8 times. The basis of share allotment was finalised on March 3, 2025, with a lot size of 3,000 shares.</span></p> <p><span style="font-size:14px">Bigshare Services served as the registrar, while Galactico Corporate Services acted as the sole book-running lead manager for the IPO.</span></p> <p><span style="font-size:14px">According to the company's Red Herring Prospectus, the proceeds from the public offering will be allocated towards meeting incremental working capital requirements and general corporate purposes.</span></p> <p><span style="font-size:14px">Established in 2011, Shreenath Paper Products specialises in providing supply chain solutions for paper-based industries, offering products such as sublimation base paper, thermal base paper, and specialty papers.</span></p> <p><span style="font-size:14px">The company primarily serves industries including FMCG, textiles, pharmaceuticals, and packaging, with its operational footprint concentrated in Maharashtra, Gujarat, and Madhya Pradesh.</span></p> <p><span style="font-size:14px">The subdued market reception highlights the current challenges in the small and medium enterprise (SME) segment of the Indian stock market.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41288 https://knnindia.co.in/news/newsdetails/msme/shreenath-paper-products-makes-weak-market-debut-lists-at-20-discount 2025-03-05 14:35:00 knnindia.co.in