Shree Refrigerations Ltd IPO
Shree Refrigerations is a prominent player in the Heating, Ventilation, and Air Conditioning (HVAC) industry, with a specialized focus on the design, manufacturing, and servicing of chillers and refrigeration systems. Its product portfolio serves both industrial and defense applications, with a presence across key sectors such as:
i. Automotive ii. Marine & Naval iii. Print Media
iv. Chemical & Pharmaceutical v. General Engineering
The company’s comprehensive offerings include:
i. Industrial Process Chillers ii. Marine HVAC & R Systems iii. Printing Chillers
iv. Test Equipment v. Customized Fabricated Components
Defense Capabilities
One of the company’s key differentiators is its strategic involvement in defense projects, particularly for the Indian Navy. Shree Refrigerations is a registered supplier with directorates such as:
i. Directorate of Electrical Engineering
ii. Directorate of Quality Assurance – Warship Projects
Its marine chillers play a crucial role in maintaining onboard temperature, ensuring operational efficiency, and supporting mission-critical systems such as electronic warfare equipment.
Customer-Centric Approach
The company follows a consultative business model, working closely with clients to develop value-engineered HVAC systems that meet stringent operational and environmental requirements. This has helped Shree Refrigerations build long-term relationships across industries.
Strategic Vision
With over 17 years of industry experience, Shree Refrigerations Limited aims to strengthen its domestic footprint and eventually explore international markets. Its expansion into defense, backed by proven execution in commercial industries, positions it as a technically sound, reliable, and growth-oriented HVAC solutions provider.
Objects of the Shree Refrigerations Ltd IPO:
Shree Refrigerations Ltd IPO Details:
Open Date: | Jul 25 2025 |
Close Date: | Jul 29 2025 |
Total Shares: | 93,86,000 |
Face Value: | ₹ 2 Per Equity Share |
Issue Size: | 117.33 Cr. |
Lot Size: | 1000 Shares |
Issue Price: | ₹ 119 - 125 Per Equity Share |
Listing At: | BSE SME |
Listing Date: | Aug 01 2025 |
Promoters And Management:
Financials of Shree Refrigerations Ltd IPO:
Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 |
Revenue from Operations | 98.72 | 80.3 | 50.57 |
EBITDA | 26.94 | 24.38 | 11.89 |
EBITDA Margins | 27.29% | 30.36% | 23.52% |
PAT | 13.54 | 11.53 | 2.57 |
PAT Margins | 13.72% | 14.36% | 5.09% |
ROCE | 23.22% | 34.15% | 19.61% |
Debt to Equity Ratio | 0.37 | 0.63 | 0.72 |
Operating Cash Flows | -24.89 | -5.16 | -4.45 |
Comparison With Peers:
Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
Shree Refrigerations Limited | 98.72 | 27.29% | 13.72% | 23.22% | 0.37 | 445.38 | 32.89 |
Johnson Controls Hitachi Air Conditioning India Limited | 2756 | 5% | 2.21% | 13.80% | 0.07 | 4,746 | 77.8 |
Recommendation on Shree Refrigerations Ltd IPO:
To be updated shortly.
Lead Manager of Shree Refrigerations Ltd IPO:
Registrar of Shree Refrigerations Ltd IPO:
Company Address:
Discussion on Shree Refrigerations Ltd IPO:
Leave a Reply
You must be logged in to post a comment.