The Shree Refrigerations IPO is set to open on July 25, 2025, aiming to raise ₹117.33 crore through the BSE SME platform. Specializing in manufacturing chillers, refrigeration, and air conditioning appliances, the company caters to diverse industries including marine HVAC, printing, and engineering sectors with customized cooling solutions. The company’s product range and specialized fabrication services position it well in an expanding industry driven by increasing demand for efficient cooling systems. The Shree Refrigerations IPO is scheduled to list on August 1, 2025, providing an opportunity for investors interested in the electric equipment and refrigeration segment.
₹70
₹125
₹169.85
Expert Opinions
The Shree Refrigerations IPO is attracting moderate market attention as a niche player in the HVAC and refrigeration sector with a steady growth trajectory. The company’s strengths include its integrated manufacturing capabilities, diversified product portfolio spanning chillers and air conditioning units, and steady financial improvement. For FY 2025, Shree Refrigerations IPO reports a Return on Equity (ROE) of 14.97%, Return on Capital Employed (ROCE) of 22.47%, and a Net Asset Value (NAV) of ₹40.88, indicating solid capital efficiency and profitability.
Risks include dependence on industrial demand cycles, competition from larger HVAC manufacturers, and exposure to raw material price fluctuations. From a long-term investment viewpoint, the company’s steady revenue growth and sector positioning provide a promising outlook for investors willing to hold through market cycles.
Investor Considerations
The Shree Refrigerations IPO presents a company with steady growth and solid fundamentals, reporting revenue of ₹99.10 crore and profit after tax of ₹13.55 crore in FY 2025, up from the previous year. The company shows healthy operational efficiency with an EBITDA margin of 27.29%, a PAT margin of 13.89%, and a conservative debt/equity ratio of 0.36, indicating a strong balance sheet.
The HVAC and refrigeration sector is poised for growth, driven by rising industrial and commercial demand for energy-efficient cooling solutions. Growth prospects include capacity expansion and deeper market penetration. However, risks such as raw material cost volatility, competition, and dependency on industrial cycles persist. The Shree Refrigerations IPO suits long-term investors aiming for steady capital appreciation, while short-term investors should consider industry cyclicality and sector-specific challenges before entry.
| Date | GMP | Trend |
|---|---|---|
| 31 Jul 2025 11.50 | ₹70 | Down |
| 30 Jul 2025 11.04 | ₹85 | --- |
| 29 Jul 2025 19.58 | ₹85 | Down |
| 28 Jul 2025 11.13 | ₹90 | --- |
| 25 Jul 2025 10.51 | ₹90 | Up |
| 24 Jul 2025 10.37 | ₹80 | --- |
| 23 Jul 2025 15.41 | ₹80 | --- |
FAQs
The Grey Market Premium showed good accuracy in predicting Shree Refrigerations IPO’s listing performance. With a final GMP of ₹70, it projected a premium of 56% over the issue price of ₹125. The stock listed at ₹169.85, delivering a gain of 35.88%. This resulted in a prediction error of 20.12%, where the GMP correctly indicated a strong positive listing but significantly overestimated the actual gain, reflecting moderate reliability in this case.
Shree Refrigerations IPO Current GMP is ₹70.
Shree Refrigerations IPO Expected Returns is 56.00%.
Shree Refrigerations IPO estimated listing price is ₹195.