Snehaa Organics 32 Crore IPO to be Listed on the NSE Emerge SME, Opens Today

Aug 29, 2025 – The Initial Public Offering (IPO) of Snehaa Organics Limited opens today. The company is set to raise ₹32 crore with  Snehaa Organics IPO window closing on September 2, 2025. The company has set a price band of ₹115–₹122 per share, and investors can bid for a minimum of 1,000 shares.

The 1,000 shares lot comes to an investment of ₹1,15,000-₹1,22,000 per lot. The shares are expected to be listed on the NSE Emerge SME platform on September 5, 2025. Investors can apply to the issue either through the ASBA facility using the net banking portal of their bank or through UPI mandate using their stock broking platform.

Snehaa Organics is an Indian company that is engaged in the solvent recovery and recycling sector. It offers sustainable solutions by processing spent solvents from industries using distillation and purification technologies. The company was founded in 2017 and employs 54 employees as of February 2025.

IPO Timeline

• Issue Opens- August 29, 2025
• Issue Closes- September 2, 2025
• UPI Mandate Deadline-September 2, 2025 (5 PM)
• Allotment Finalisation-September 3, 2025
• Refund Initiation-September 4, 2025
• Credit of Shares-September 4, 2025
• Listing Date-September 5, 2025

Restated Standalone Financial Performance

The company’s Operating Profit (EBITDA) was ₹1,141.24 lakh in FY25, up from ₹583.04 lakh in FY24 and ₹510.86 lakh in FY23. The Net Worth was ₹1,477 lakh in FY25, up from ₹743.64 lakh in FY24 and ₹377.83 lakh in FY23. The Free Cash Flow to Equity was ₹121.58 lakh in FY25, up from ₹8.18 lakh in FY24 and ₹11.12 lakh in FY23.

Key Strengths

• The company is a major player in solvent recovery with sustainable and cost-efficient solutions.
• The company employs strong quality control measures and has in-house testing facilities.
• It has a positive operating track record and has grown its profits over FY23-25.
• The company is compliant with SME IPO eligibility norms.

Key Risks

• The company has high working capital requirements, which may put the liquidity under pressure.
• Volatility in raw material prices may impact margins.
• The company has exposure to risks related to environmental and regulatory compliance.
• The business is concentrated and relies on a few large clients.

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