Snehaa Organics IPO...
23 Aug, 2025
Snehaa Organics IPO
Snehaa Organics Ltd. is launching a book-built SME IPO on NSE Emerge with an issue size of about ₹32.68 crore, comprising 26,79,000 fresh equity shares of face value ₹10 each and no offer-for-sale component. The price band is ₹115–₹122 per share, the issue opens on 29 August 2025 and closes on 2 September 2025 and the shares are scheduled to list on 5 September 2025. The lot size disclosed is 1,000 shares and several broker interfaces indicate a minimum two-lot application (2,000 shares), implying around ₹2.44 lakh at the upper band for retail applicants. Category allocation guidance shows up to 50% for QIBs, up to 15% for NIIs and up to 35% for retail investors.
Company Background
Snehaa Organics Ltd., Headquartered in Hyderabad, is a solvent recycling, purification and supply company servicing the pharmaceutical and chemical sector with an affordably ESG-compliant replacement to its virgin solvents by reconditioning waste streams to specification. The company was registered on 5 July 2022 as a private limited company and subsequently re-registered on 7 January 2025 as a public limited company to facilitate listing and growth funding. Being near some of India’s pharma and chemical hubs, the company caters to the needs of the customers for compliant waste handling as well as circular economy advantages in their raw material chains.
Operations & Product Range
Facility & Production
Snehaa Organics IPO Operations include end-to-end solvent management - receipt and segregation, multi-stage distillation, polishing and quality control using QA/QC programs before shipment, which allows for homogeneous specs of the re-supplied solvent across various solvent streams present in a batch process. The company’s production design shall emphasize: repeatable throughput, traceable process controls and specification-driven testing to expedite client acceptance with volume scale-up.
Brands & Market Presence
From its Hyderabad base, Snehaa Organics supplies the Indian pharma and chemical clusters with recovered and rectified solvents that can be used as sustainable inputs to achieve cost savings, minimize waste and be in line with environmental compliance of circularity in regulated sectors. The company’s go-to-market strategy addresses the economic necessity of cost-optimisation and sustainability requirements in industrial applications where solvent use and disposal are considerable aspects of their operations.
Revenue Channels
- Sale of recovered and refined solvents to pharmaceutical and chemical manufacturers is the primary revenue stream, supported by quality certifications and batch-specific controls.
- Ancillary revenue from solvent handling, processing and QA-enabled release services, Supplemental to base sales of specification-compliant recycled solvents.
Management & Shareholding
Promoters & Shareholding
The promoters of the Snehaa Organics IPO are Nandigala Venkata Sai Harish and Nandigala Venkata Sai Kiran, who, along with other named shareholders, would see their post-issue promoter holdings reduce in equal proportion following the dilution that the fresh issue would add, as the IPO does not involve an offer for sale. The company’s future capital structure post listing will have an enlarged equity base to support balance sheet capacity and working capital and with promoter control remaining, along with an increased public float.
Board Members
Snehaa Organics IPO has promoter-driven governance with executive supervision of operations and finances from which two separate functions of company secretarial and compliance, appropriate to being a listed SME, make up its operations, with independent gymnastics is anticipated to emerge that is heavily governance, audit and risk management focused as solvent recovery operations scale under a more controlled environment.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Snehaa Organics IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Snehaa Organics IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 29, 2025 to September 2, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹115 to ₹122 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 26,79,000 shares (aggregating up to ₹32.68 Cr) |
| Reserved for Market Maker | 1,34,000 shares (aggregating up to ₹1.63 Cr) Nirman Share Brokers Pvt.Ltd. |
| Net Offered to Public | 25,45,000 shares (aggregating up to ₹31.05 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 75,00,000 shares |
| Share Holding Post Issue | 1,01,79,000 shares |
Snehaa Organics IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Fri, Aug 29, 2025 |
| IPO Close Date | Tue, Sep 2, 2025 |
| Tentative Allotment | Wed, Sep 3, 2025 |
| Initiation of Refunds | Thu, Sep 4, 2025 |
| Credit of Shares to Demat | Thu, Sep 4, 2025 |
| Tentative Listing Date | Fri, Sep 5, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 2, 2025 |
Snehaa Organics IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,44,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,44,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,66,000 |
| S-HNI (Max) | 8 | 8,000 | ₹9,76,000 |
| B-HNI (Min) | 9 | 9,000 | ₹10,98,000 |
Snehaa Organics IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.68% |
Competitive Strength:
- ● ESG- and circularity-aligned model that reduces industrial waste and lowers customer input costs by supplying recovered solvents meeting client specifications.
- ● The Hyderabad location has direct links to rich pharma / chemical belts, resulting in a reliable supply of spent solvents and proximity to end customers, which in turn means good logistics and service levels.
- ● 100% fresh issue propelling proceeds to capacity addition and working capital without OFS overhang, which means Capital to be used for Aspirational Growth and Operational Scaling.
- ● Improving financial profile on growing Revenue and Profitability as for FY2024 Revenue of ₹23.8 crore and PAT of ₹3.7 crore; exhibits strong operating leverage as throughput grows.
Snehaa Organics IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 30.06 | 26.29 | 7.34 | 14.78 | 9.09 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 17 | 24 | 4 | 7 | 9.09 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 10.8 | 20.41 | 3.25 | 3.78 | 3.59 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 49.66% |
| ROCE | 50.38% |
| Debt/Equity | 0.61 |
| RoNW | 49.66% |
| PAT Margin | 27.98% |
| EBITDA Margin | 43.52% |
| Price to Book Value | 0.83 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.78 | 7 |
| P/E (x) | 12.47 | 17 |
Objectives of Snehaa Organics IPO
- Working capital finance for an increase in solvent recovery throughput & geographic coverage across pharma/chemical hubs.
- Repayment or prepayment of outstanding debt to enhance the balance sheet, as well as for general corporate purposes and offering expenses.
Conclusion
Snehaa Organics offers concentrated exposure to the circular economy in pharma/ chemical supply chains for solvent recycling and reconditioning and capitalizes on Hyderabad's cluster benefits and specification-driven quality processes to cost-effectively replace virgin solvents. The SME IPO also has a specified price band, 100% fresh issue and upcoming listing plans in the near future, which will be used for working capital and capacity expansion.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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1. What are the Snehaa Organics IPO dates and listing plan?
The opening date is 29 August 2025 and the closing date is 2 September 2025 and it will be listed on NSE Emerge on 5 September 2025.
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2. What is the issue size and structure?
About ₹32.68 crore via 26,79,000 fresh shares; there is no offer-for-sale component.
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About ₹32.68 crore via 26,79,000 fresh shares; there is no offer-for-sale component.
Price band ₹115–₹122 per share; lot size 1,000 shares, with many platforms indicating a two-lot minimum (2,000 shares) for retail applications.
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Price band ₹115–₹122 per share; lot size 1,000 shares, with many platforms indicating a two-lot minimum (2,000 shares) for retail applications.
Incorporated as a private limited company on 5 July 2022 and converted to a public limited company on 7 January 2025.
