Snehaa Organics IPO
Snehaa Organics Limited · Chemicals (Solvent Recovery)
- Price band
- To be announcedNot in this filing
- Issue size
- 26,79,000 sharesFresh issue · amount set with price
- Face value
- ₹10per equity share
- Lot size
- To be announcedMin. investment shown once set
- Anchor biddingThu, 2025
- OpensFri, 2025
- ClosesTue, 2025
- AllotmentThu, 2025Refunds and Demat credit same day
- ListingFri, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 26,79,000 shares
- Offer for sale
- None
- Total issue
- 26,79,000 shares
- Market maker portion
- 1,34,000 shares
- Face value
- ₹10
- Listing at
- NSE Emerge
- Promoter holding
- 99.99% → 73.68%
- RHP date
- 21 Aug 2025
Source: Red Herring Prospectus dated 21 Aug 2025Updated
Reservation
Share of the total issue- Retail45.2%
- Big NII30.1%
- Small NII15.0%
- QIB4.7%
- Market maker5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 12,10,000 | 47.54% | 35% |
| Non-institutional investors (NII) | 12,09,000 | 47.50% | 15% |
| Small NII (₹2–10 lakh) | 4,03,000 | 15.83% | — |
| Big NII (above ₹10 lakh) | 8,06,000 | 31.67% | — |
| Qualified institutional buyers (QIB) | 1,26,000 | 4.95% | 50% |
| Market maker | 1,34,000 | — | — |
Source: Red Herring Prospectus dated 21 Aug 2025Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once it is added from a licensed data source.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹9.78
- EPS (diluted)
- ₹9.78
- RoNW
- 49.66%
- ROCE
- 50.38%
- NAV per share
- ₹19.7
- EBITDA margin
- 43.52%
- PAT margin
- 27.98%
P/E and market cap are calculated once the price band is announced.
Source: Red Herring Prospectus dated 21 Aug 2025Updated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 20239 months | 4 Jul 20223 months |
|---|---|---|---|---|
| Revenue from operations | 26.22 | 23.72 | 13.65 | 6.45 |
| Total income | 26.29 | 23.80 | 13.72 | 6.69 |
| EBITDA | 11.41 | 5.83 | 4.17 | 0.94 |
| Profit after tax | 7.34 | 3.66 | 2.78 | 0.47 |
| Net worth | 14.78 | 7.44 | 3.78 | 1.00 |
| Reserves and surplus | 7.28 | 6.44 | 2.78 | — |
| Total assets | 30.06 | 17.10 | 10.80 | 10.61 |
FY 2024-25 vs FY 2023-24: revenue +10.6%, profit after tax +100.5%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: Red Herring Prospectus dated 21 Aug 2025Updated
About the company
The company recovers and recycles solvents for industrial users. It collects spent solvents, purifies them through distillation and testing, and returns or sells the recovered solvents. It also trades solvents by sourcing them from suppliers and selling them in the open market.
- Incorporated
- 2022
- Sector
- Chemicals (Solvent Recovery)
- CIN
- U24290TG2022PLC164443
- Website
- snehaaorganics.com
Source: Red Herring Prospectus dated 21 Aug 2025Updated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Samhitha Reddy Tera | — | — |
| Nandigala Venkata Sai Harish | 50.00% | 36.84% |
| Nandigala Venkata Sai Kiran | 49.99% | 36.84% |
Source: Red Herring Prospectus dated 21 Aug 2025Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Working capital requirements | 23.94 |
| Repayment of loans availed by the company | 3.50 |
| General corporate purposes | Set with price |
| Issue expenses | Set with price |
Source: Red Herring Prospectus dated 21 Aug 2025Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Management team has relevant experience in finance, petrochemicals and business operations.
- Revenue and profit grew across the reported periods, with FY 2024-25 revenue of about ₹2,622 lakh.
- The company serves a growing customer base across industries that use solvents.
- The business model combines solvent recovery, distillation and trading, which the company describes as scalable.
- Promoters have long involvement with the business and extensive domain knowledge.
Risks
- A large share of revenue comes from a few customers, with the top 10 accounting for about 75.67% in FY 2024-25, and there are no binding agreements with them.
- Procurement depends on a small number of suppliers, with the top 5 accounting for about 69.95% of purchases in FY 2024-25.
- Registered office and storage premises are leased, including from promoter group entities, and may not be renewed on comparable terms.
- The planned shift to buying raw materials in the open market is expected to raise the working capital cycle to 145 days, increasing funding needs.
- A GST demand of ₹7.71 lakh is pending, and unascertainable claims are disclosed as contingent liabilities.
Source: Red Herring Prospectus dated 21 Aug 2025Updated
Contacts
Source: Red Herring Prospectus dated 21 Aug 2025Updated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on NSE Emerge.
Frequently asked questions
When does the Snehaa Organics IPO open and close?
According to the Red Herring Prospectus, the issue opens on Friday, 29 August 2025 and closes on Tuesday, 2 September 2025. These dates are tentative.
What is the Snehaa Organics IPO price band?
The Red Herring Prospectus does not include a price band. The company announces it by advertisement before the issue opens, and this page is updated when it is filed.
Where will Snehaa Organics shares list?
On NSE Emerge. The tentative listing date is Friday, 5 September 2025.
Who is the registrar of the issue?
Skyline Financial Services Private Limited (SEBI registration INR000003241). Allotment status is checked on the registrar's website.
How will the money raised be used?
₹23.94 Cr for working capital requirements, ₹3.5 Cr for repayment of loans availed by the company, and the rest for the other stated purposes.