₹1,22,000 / 1000 shares
Snehaa Organics IPO Details
RHP/DRHPIssue Date
29 Aug - 2 Sep'25
Investment/lot
₹1,22,000
Price Range
₹115 - ₹122
Lot Size
1000
IPO Size
₹32.68 Cr
IPO Listing Details
Listing On
5 Sep'25
Issue Price
₹122
Listed Price
₹ 122
Retail Gain/Listing Gain
--
Schedule of Snehaa Organics
Start date
29/08/2025
End date
02/09/2025
Allotment of bids
03/09/2025
Refund Initiation
Listing on exchange
05/09/2025
Snehaa Organics IPO Subscription Status
(Last updated on 02 Sep 2025 04:45 PM)
| Day | Total | QIB | Retail | NII |
|---|---|---|---|---|
Day 1 | 1.37x | 0x | 0x | 0x |
Day 2 | 0.53x | 1x | 3.05x | 1.06x |
Day 3 | 0.02x | 0x | 0.04x | 0x |
Day 4 | 5.75x | 0.02x | 10.74x | 1.99x |
Day 5 | 18.52x | 41.17x | 23.49x | 13.24x |
Subscription Rate
| Category | Subscription Rate |
|---|---|
Qualified Institutions | 42.19x |
Non-Institutional (HNI) | 16.31x |
Retail | 37.62x |
Total Subscription | 26.34x |
Snehaa Organics IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
HNI (Min) | 2 | 2000 | ₹2,44,000 |
About Snehaa Organics IPO
The IPO of Snehaa Organics Ltd comprises a fresh issue of up to 26,79,000 equity shares. There’s no offer for sale in this IPO, which is a 100% book-built issue. The price band is ₹115- ₹122 and the lot size is 1000. The IPO opens on August 29, 2025 and closes on September 2, 2025.
The listing date is on September 5, 2025 and the allotment date is on September 3, 2025. The credit of shares to the Demat account will take place on September 4, 2025, while the initiation of refund will take place on September 4, 2025.
Snehaa Organics Ltd operates in the solvent recovery and recycling sector, providing sustainable solutions for industries that utilise solvents in their processes. The company collects spent solvents from various industries and employs distillation and purification technologies to process them for reuse. The company's workforce ensures efficient recovery from diverse solvent mixtures, including those with significant variability between batches.
Objectives of Snehaa Organics IPO
The company proposes to utilise the IPO proceeds:
- To meet the working capital requirements of the company
- Repayment of loans availed by the company
- General corporate purposes
- To meet the issue expenses
Snehaa Organics IPO Valuation
Snehaa Organics IPO Lot Size
| Application | Lots | Shares | Amount in INR |
|---|---|---|---|
Individual investors (Retail) (Min) | 2 | 2000 | 2,44,000 |
Individual investors (Retail) (Max) | 2 | 2000 | 2,44,000 |
S-HNI (Min) | 3 | 3000 | 3,66,000 |
S-HNI (Max) | 8 | 8000 | 9,76,000 |
B-HNI (Min) | 9 | 9000 | 10,98,000 |
Snehaa Organics IPO Share Offer and Subscription Details
| Investor | Shares Offered |
|---|---|
Market Maker | 5% of the issue size |
QIBs | Not more than 50% of the net issue |
Non-institutional Applicants | Not less than 15% of the net issue |
Individual Investors | Not less than 35% of the net issue |
Industry Outlook
The Indian solvent market is currently undergoing significant growth, driven by increased industrial applications and technological advancements. The market's expansion is fuelled by ongoing industrialization, urbanisation, and the growing use of solvents in consumer goods production.
Key sectors such as chemicals, pharmaceuticals, agriculture, automotive, and electronics are driving demand for solvents. Additionally, environmental concerns surrounding volatile organic compounds (VOCs) have prompted the development of eco-friendly solvent alternatives. This shift aligns with global sustainability goals while ensuring compliance with stringent environmental regulations.
The demand for solvents in India is witnessing a robust growth trajectory, driven by increasing industrial applications across diverse sectors such as paints and coatings, pharmaceuticals, adhesives, and cleaning products.
This expansion is fuelled by the booming construction and automotive industries, which are key contributors to the rising solvent consumption. With a healthy compound annual growth rate (CAGR) projected over the coming years, the Indian solvent market is poised for substantial growth.
Company Information
Snehaa Organics Limited operates in the solvent recovery and recycling sector, providing sustainable solutions for industries that utilise solvents in their processes. The company collects spent solvents from various industries and employs distillation and purification technologies to process them for reuse. The company's workforce ensures efficient recovery from diverse solvent mixtures, including those with significant variability between batches.
Each batch undergoes comprehensive quality control measures to align with industry requirements. The company also maintains a testing facility to address specific customer needs.
Strengths of Snehaa Organics IPO
- Technology and infrastructure
- Strategic location
- Good reputation in the pharmaceutical sector
- Experienced and qualified management and employee base
- Strong and consistent financial performance
- Growing customer base
- Scalable and reliable business model
Risks of Snehaa Organics IPO
- Significant revenue coming from selected customers
- Termination in rent agreement could affect operations
- Dependent on few suppliers for purchase
- Geographical concentration in Telangana
- Risks arising from operations involving hazardous substances
- Potential conflict of interests between the company, promoter group companies, group companies/ entities
All Financial Information about Snehaa Organics IPO
Peer Comparison
There are no listed companies in India, the business portfolio of which is comparable with Snehaa Organics Ltd. Accordingly it is not possible to provide an industry comparison in relation to the company.
Anchor Investor Bidding Date
Anchor investor bidding date starts from August 28, 2025.
IPO Registrar and Book Running Lead Manager
- IPO Registrar: Skyline Financial Services Pvt Ltd
- Book Running Lead Manager: Fast Track Finsec Pvt Ltd
Business Model
Operating in the solvent recovery and recycling sector, Snehaa Organics Ltd provides sustainable solutions for industries that utilise solvents in their processes. Its main products are:
- Ethyl acetate
- Toluene
- Acetone
- Dimethyl Formamide
- Methanol
Company Growth Trajectory
The revenue from operations of Snehaa Organics Ltd grew from ₹20.1025 crores in FY 23 to ₹26.2233 crores in FY 25, while EBITDA margin grew from 25.41% in FY 23 to 43.52% in FY 25. The company’s PAT margin has grown from 16.15% in FY 23 to 27.98% in FY 25. Good reputation in the pharma sector coupled with a strong customer base has helped the company grow over the years.
Market Position
The company sells its products in the state of Andhra Pradesh, Karnataka, Telangana, Gujarat, Karnataka, Maharashtra and Tamil Nadu, among others. Their revenue from operations has increased from 13.6523 crores in FY23 to ₹26.22 crores in FY25. The company has a good image as a provider of recycled solvents to the solvents industry and has strengthened customer loyalty. The company is recognized as a reliable supplier of eco-friendly solutions, fostering trust among pharmaceutical clients that prioritize sustainability.
Snehaa Organics IPO Profit and Loss
| Parameter | FY25 | FY24 | FY23 |
|---|---|---|---|
Total Income (in ₹crores) | 26.2945 | 23.8031 | 13.7209 |
Profit Before Tax (in ₹crores) | 9.8129 | 5.0232 | 3.7978 |
Profit After Tax (in ₹crores) | 7.3382 | 3.6598 | 2.7783 |
EBITDA (in ₹crores) | 11.4124 | 5.8304 | 4.1697 |
EPS in ₹ | 9.78 | 4.88 | 4.76 |
Snehaa Organics IPO Cash Flow Statement
| Parameter | FY25 | FY24 | FY23 |
|---|---|---|---|
Profit Before Tax (in ₹ crores) | 9.8129 | 5.0232 | 3.7978 |
Net Cash Generated from Operating Activities (in ₹ crores) | 3.0201 | 4.5642 | 1.2492 |
Net Cash from / (Used in) Investing Activities (in ₹ crores) | (7.6271) | (4.7684) | (0.9072) |
Net Cash from / (Used in) Financing Activities (in ₹ crores) | 4.6305 | 0.2372 | (0.3505) |
Cash & Cash Equivalents As At End of Year (in ₹ crores) | 0.1922 | 0.1687 | 0.1356 |
How to Check Allotment Status of Snehaa Organics IPO?
1. Visit the Registrar’s Website
- Visit the official website of Skyline Financial Services Pvt Ltd
- Click on ‘Public Issue’ from ‘Investors’ dropdown
- Choose ‘Company Name’
- Enter DPID/Client ID or Application Number or PAN Number
- Click on ‘Search’ to know the status
2. Check on the National Stock Exchange Website
The National Stock Exchange (NSE) has an IPO bid verification module. You can use it to check the status of Snehaa Organics Ltd. Go to the NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.
On the NSE IPO Bid Verification page, enter:
- Company name from dropdown
- Application number
- PAN
Then click 'Submit' to know the allotment status.
How to Apply for the Snehaa Organics Ltd IPO?
- Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Specify IPO details - Enter the number of lots and the price you wish to apply for.
- Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
- Mandate Notification - Your UPI app will receive a mandate notification to block funds.
- Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Snehaa Organics IPO FAQs
When is Snehaa Organics IPO allotment?
Snehaa Organics IPO will be allotted on 2025-09-03.
When is Snehaa Organics IPO listing date?
Snehaa Organics will list on 2025-09-05.
What is the issue size of Snehaa Organics IPO?
32.68 is the issue size of Snehaa Organics IPO.
What is the minimum lot size required for Snehaa Organics IPO?
The minimum lot size is 1000 shares and the investment required is ₹122000.
What is the price band of the Snehaa Organics IPO?
The price band of Snehaa Organics IPO is ₹115 to ₹122.
Where can I read more about Snehaa Organics business?
You can read more about Snehaa Organics and its IPO from the company’s red herring prospectus (RHP) here.
What is the Snehaa Organics Ltd IPO?
The Snehaa Organics Ltd IPO comprises a fresh issue of up to 26,79,000 equity shares, aggregating up to ₹32.68 crores.
When will the IPO of Snehaa Organics Ltd go live?
The IPO will open on August 29, 2025 and will close on September 2, 2025.
From where can I get more information about the IPO of Snehaa Organics Ltd?
To get more information about the IPO of Snehaa Organics Ltd, click on the company’s red herring prospectus here.
