Snehaa Organics to List on NSE SME Tomorrow After ₹32.68 Crore IPO Sees 27.75x Subscription

New Delhi, September 4, 2025 – Following a tremendous response from the investors in the subscription process, Snehaa Organics Limited is all set to make its debut on the stock exchanges as it lists on the NSE SME platform tomorrow (September 5, 2025). The ₹32.68 crore IPO was subscribed 27.75 times with robust interest shown by all categories, particularly by retail investors (37.75 times) and QIBs (42.19 times).

The solvent recovery and recycling company will be admitted to trading under the symbol SNEHAA with ISIN INE1OIC01018.

Shareholding Pattern Post-Issue

The post-issue shareholding will include 73.68% of the equity held by the promoters and promoter group. The public shareholders will account for the remaining 26.32% equity. The total equity base will be 1,01,79,000 shares after the IPO.

IPO Journey

As underlined, the ₹32.68 crore IPo, which was open from August 29 to September 2, witnessed extraordinary demand, receiving bids for more than 7.06 crore shares against an offer size of 26.79 lakh shares. The issue was oversubscribed by individual investors at 37.75 times, followed by QIBs at 42.19 times and NIIs at 16.23 times. A total of 7.06 crore shares were bid against 25.45 lakh on offer, mobilising ₹861.53 crore. Retail investors alone submitted 22,839 applications, highlighting robust interest across categories, particularly in the small investor segment.

Funds Usage Plans

The company plans to use Snehaa Organics IPO proceeds in working capital requirements (almost 73%, ₹23.95 crore), repayment of loans (11%, ₹3.50 crore), and the remaining in general corporate usage (including IPO expenses).

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