Shree Refrigerations IPO is a book-built issue IPO, aiming to raise ₹117.33 crore. It comprises a fresh issue of 75.61 lakh equity shares aggregating to ₹94.51 crore and an offer for sale of 18.25 lakh equity shares amounting to ₹22.81 crore. The bidding window was open from July 25, 2025, to July 29, 2025, with the IPO allotment to be finalised on July 30, 2025. Shree Refrigerations is scheduled to list on BSE SME on August 1, 2025.
The IPO was priced at ₹119-₹125 per share with a lot size of 2,000 shares. The public issue received bids for 1,17,07,10,000 shares against 62,42,000 shares available, resulting in an overall subscription of 187.55 times. NIIs led the response, subscribing 197.01 times their quota, followed by retail investors at 195.05 times.
Shree Refrigerations' ₹117.33 crore IPO, priced at ₹119-₹125 per share, was subscribed 187.55 times overall. The IPO is a fresh issue of 75.61 lakh equity shares aggregating to ₹94.51 crore and an offer for sale of 18.25 lakh equity shares amounting to ₹22.81 crore. Bidding took place from July 25 to July 29, 2025, with the Shree Refrigerations IPO allotment status on July 30, 2025. Retail investors subscribed 195.05 and NIIs 197.01 times. Listing is expected on August 1, 2025.
The table below breaks down the Shree Refrigerations share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 4,71,000 (5.02%) |
| QIB Shares Offered | 44,55,000 (47.46%) |
| − Anchor Investor Shares Offered | 26,73,000 (28.48%) |
| − QIB (Ex. Anchor) Shares Offered | 17,82,000 (18.99%) |
| NII (HNI) Shares Offered | 13,38,000 (14.26%) |
| − bNII > ₹10L | 8,92,000 (9.50%) |
| − sNII < ₹10L | 4,46,000 (4.75%) |
| Retail Shares Offered | 31,22,000 (33.26%) |
| Total Shares Offered | 93,86,000 (100.00%) |
Data Source: BSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 167.32 |
| Non-Institutional Investors | 197.01 |
| Retail Individual Investors | 195.05 |
| Total shares | 187.55 |
Note: The subscription details are as of July 29, 2025
Sellowrap Industries Limited was initially incorporated as Sellowrap Manufacturing Private Limited on April 6, 2004, under the Companies Act, 1956. The company underwent a name change to Sellowrap Industries Private Limited on February 16, 2011, and was later converted into a public limited company on October 15, 2024. This corporate evolution reflects the company’s continued growth and strategic intent to expand its market presence.
The company is engaged in the manufacturing of customised components for the automotive, non-automotive, and white goods sectors. Functioning within the B2B domain, Sellowrap Industries delivers both adhesive and non-adhesive processed components. Its operations focus on providing high-quality, cost-effective, and customer-centric solutions that meet the specific requirements of its industrial clients.
Sellowrap operates multiple manufacturing units located across India, including facilities in Gurugram, Pune, Kancheepuram, and Ranipet. These units are well-equipped to produce a broad range of foam and plastic-based components, supplying key Original Equipment Manufacturers (OEMs) in both domestic and international markets. The company’s strong infrastructure enables it to maintain product consistency and meet diverse industry demands.
Founded originally as a proprietorship by Mr. Sushil Kumar Poddar in 1983, the company has grown under the joint leadership of Mr. Sushil Kumar Poddar and Mr. Saurabh Poddar. Supported by its promoter group and associate companies like Sellowrap EPP India Private Limited and Prystine Foods and Beverages Private Limited, the company continues to expand. Sellowrap’s growth strategy focuses on innovation, operational efficiency, and building strategic partnerships to enhance its role in the automotive supply chain and extend into new industrial sectors.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 29, 2025, 7:25 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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