Shreenath Paper Products IPO share allotment likely today: Check status, listing date and other details

Shreenath Paper Products received subdued response from investors for its IPO as the issue was subscribed just over 1x. The company will finalise the share allotment process later today. Investors can check Shreenath Paper Products IPO allotment status through BSE and also via the registrar’s website.

Firstly, here’s how you check Shreenath Paper Products IPO allotment on BSE

Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Please select the issue name, that is the company’s name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

Check Shreenath Paper Products IPO allotment through Bigshare Services

Step 1: Visit the Bigshare Services website (https://ipo.bigshareonline.com/IPO_Status.html)Step 2: Select Shreenath Paper Products IPOStep 3: Enter the PAN details and click search to know the status

What is the latest Shreenath Paper Products GMP

Shreenath Paper Products GMP on allotment day is at Rs 3, reflecting a premium of 7% over the issue price. The listing is scheduled on March 5.

Also Read: IPO Calendar: Muted market sentiments limit offerings to just 1 this week

Shreenath Paper Products IPO details

Shreenath Paper will be raising around Rs 23 crore through the IPO. The company has offered 53 lakh shares in a completely fresh equity sale at Rs 44 apiece.

The IPO is being managed by Galactico Corporate Services and Bigshare Services is acting as the registrar.

Shreenath Paper Products overview

The company offers supply chain solutions to industries, which have paper as their raw materials. Variety of paper raw materials include coating based paper, food grade paper, machine glazed paper, pressure sensitive adhesive paper.

The paper products manufactured by the company’s customers have a variety of end use applications and are used in industry such
as FMCG, textiles, heat sensitive printers like ATM and POS Paper, restaurants, food and beverages industry automobiles, e-commerce and pharmaceuticals.

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