Snehaa Organics IPO Fully Subscribed on Day 1 Amid Strong Retail Demand and QIB Support

Aug 29, 2025 – The Initial Public Offering (IPO) of Snehaa Organics witnessed immense demand, especially from retail investors today. The IPO opened today and by the end of the trading session was already fully subscribed. The subscription was largely due to strong demand from retail investors and significant support from qualified institutional buyers (QIBs).

Snehaa Organics is engaged in providing green and sustainable solutions, specialising in solvent recovery and recycling services. It was incorporated in October 2017, and for the nine months ended December 31, 2024, the company reported total Income of ₹20.58 crore, profit after tax (PAT) of ₹6.37 crore and net worth of around ₹14 crore

Subscription Status (as of 4:00 PM)

Retail subscription stood at 2.31 times, with 12,10,000 shares offered against 27,90,000 shares that were bid for. The QIB category was subscribed 1.00 times, with 1,26,000 shares offered against bid number of 1,26,000. NII category was subscribed 0.81 times, with 12,09,000 shares offered against 9,74,000 shares that were bid for. Overall, on the first day, the issue was subscribed 1.53 times, with a total value of ₹47.458 crore and total applications of 1,516.

Key Details of the IPO

The company has set ₹115-₹122 as the price band for its ₹32.60 crore IPO issue. The issue is entirely a fresh issue of 27 lakh equity shares. Fast Track Finsec is the book-running lead manager for the issue, while Skyline Financial Services is the registrar.

• Issue Opens: August 29, 2025
• Issue Closes: September 2, 2025
• Basis of Allotment: September 3, 2025
• Listing (NSE SME): September 5, 2025

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