Shree Refrigerations IPO Day 2: Issue Booked Over 10 Times, Check Latest GMP And Other Key Details

The Shree Refrigerations IPO is a book-building issue of Rs 117.33 crore. It comprises a fresh issue of 75.61 lakh shares, worth Rs 94.51 crore, and an offer-for-sale (OFS) of 18.25 lakh shares, amounting to  Rs 22.81 crore.

To participate in the IPO subscription, retail investors need to bid for two lots comprising 2,000 shares, requiring an investment of Rs 2,38,000. High Net-Worth Individuals (HNIs) must bid for at least three lots, amounting to an investment of Rs 3,75,000.

The price band for the Shree Refrigerations IPO is set between Rs 119 and Rs 125 per share.

Investors can participate in the IPO from July 25 to July 29. The allotment of shares is proposed to be finalised on July 30. The company will transfer shares to the Demat accounts of successful bidders on July 31 and refunds for non-allottees will also be processed on the same day.

Shares of Shree Refrigerations are proposed to be listed on the BSE SME platform on Aug. 1.

Narnolia Financial Services Ltd. is the book-running lead manager of the Shree Refrigerations IPO. MUFG Intime India Pvt. is the registrar of the IPO. Mansi Share and Stock Broking Pvt. is the market maker for the issue.