Snehaa Organics IPO opens on Aug 29; price band fixed at Rs 115-122/share

New Delhi: Snehaa Organics IPO, a book build issue of Rs 32.68 crore, is all set to open for public subscription on August 29, 2025 and conclude on 2nd September. The Green and sustainable solutions provider has fixed a price band of Rs 115 to Rs 122 per share for its upcoming initial public offering (IPO).

The IPO is entirely a fresh issue of 27 lakh equity shares, the company mentioned in its statement. In its draft papers filed with SEBI, the company plans to utilise the proceeds from the issue for working capital requirements and funding general corporate purposes.

Snehaa Organics IPO allotment is expected on September 3. The shares are likely to be credited to the demat accounts of eligible shareholders on September 4, while refunds process may begin on the same date. The company's shares are expected to be listed on the NSE SME with a tentative date, September 5. The minimum lot size of Snehaa Organics IPO is 1,000, for HNI is 3 lots.

The book running lead manager to the issue is Fast Track Finsec, while Skyline Financial Services is acting as the registrar. 

The company came into existence in October 2017 and is engaged in providing services solvent recovery, offering sustainable and cost-efficient solutions for industries that utilise solvents. The company uses distillation and purification technologies to process solvents.

In its financials, Snehaa Organics posted a total income of Rs 20.58 crore for the financial period ended December 31, 2024, while profit after tax stood at Rs 6.37 crore. Its net worth was around Rs 14 crore.