Shree Refrigerations SME IPO Subscription Status
Shree Refrigerations SME IPO closed on 29 July 2025 with an overall subscription of 187.55x based on shares applied. QIB demand came in at 167.32x, NII at 196.99x, and retail at 194.94x.
Allotment will be finalised on 30 July 2025. The stock is scheduled to list on NSE and BSE on 1 August 2025.
Issue Price
Rs 125.00
GMP Today
Rs 70.00 (+56.00%)
Overall Subscription
187.55x
Issue Size
₹111.45 Cr
Allotment Date
30 Jul 2025
Listing Date
1 Aug 2025
Shree Refrigerations SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 125.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 22.28 Cr | Rs 3,726.98 Cr | 167.32x |
| NII | Rs 16.73 Cr | Rs 3,294.74 Cr | 196.99x |
| sNII (Rs 2L to Rs 10L) | Rs 5.58 Cr | Rs 884.49 Cr | 158.65x |
| bNII (above Rs 10L) | Rs 11.15 Cr | Rs 2,394.44 Cr | 214.75x |
| IND | Rs 39.03 Cr | Rs 7,607.50 Cr | 194.94x |
| Total | Rs 78.03 Cr | Rs 14,629.21 Cr | 187.49x |
Shree Refrigerations SME IPO Subscription by Shares
Category-wise subscription based on shares bid. Application-wise bid counts are not available for this IPO yet.
| Category | Shares Offered | Shares Bid | Subscription |
|---|---|---|---|
| QIB | 17,82,000 | 29,81,58,000 | 167.32x |
| NII | 13,38,000 | 26,35,79,000 | 196.99x |
| sNII (Rs 2L to Rs 10L) | 4,46,000 | 7,07,59,000 | 158.65x |
| bNII (above Rs 10L) | 8,92,000 | 19,15,55,000 | 214.75x |
| IND | 31,22,000 | 60,86,00,000 | 194.94x |
| Total | 62,42,000 | 1,17,03,37,000 | 187.49x |
What Do These Subscription Numbers Mean?
A subscription of 187.55x by shares means the IPO received bids for 188 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 167.32x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 167.32x, it reflects serious institutional conviction.
NII at 196.99x by shares: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription.
Retail at 194.94x by shares: Allotment is by lottery, but application-wise data is needed for accurate 1-in-X odds. Share oversubscription often overstates how hard allotment is.
Shree Refrigerations SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Share subscription: 194.94x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Share subscription: 158.65x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
BHNI (above Rs 10 lakh)
- •Share subscription: 214.75x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
Check the Shree Refrigerations SME IPO Allotment Status page from 30 July 2025 for your allotment result.
Shree Refrigerations SME IPO GMP After Subscription
GMP for Shree Refrigerations SME stands at Rs 70.00 today, giving an estimated listing price of Rs 195.00 per share.
The GMP has moved up from Rs 75.00 on 22 Jul 2025 to Rs 85.00 on 31 Jul 2025.
A subscription of 187.55x combined with a GMP of 56.00% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Shree Refrigerations SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Shree Refrigerations SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 25 Jul 2025 | 0.00x | 1.43x | 3.60x | 2.11x |
| Day 2 - 28 Jul 2025 | 2.25x | 11.88x | 34.85x | 20.62x |
| Day 3 - 29 Jul 2025 | 167.32x | 196.99x | 194.94x | 187.49x |
Shree Refrigerations SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 25 July 2025 |
| IPO Close Date | 29 July 2025 |
| Allotment Date | 30 July 2025 |
| Refund Initiation | 31 July 2025 |
| Share Credit to Demat | 31 July 2025 |
| Listing Date | 1 August 2025 |
| Minimum Investment | Rs 2,50,000.00 |
| Lot Size | 1000 shares |
About Shree Refrigerations SME
Shree Refrigerations Limited, incorporated in 2006, is a leading defense-focused manufacturer of advanced refrigeration and HVAC (Heating, Ventilation, and Air Conditioning) systems. The company specializes in designing, manufacturing, and supplying high-performance chillers and HVAC/refrigeration components for the Indian Navy (including warships and submarines) and other industries such as automotive, print media, chemical, pharmaceutical, and general engineering.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Shree Refrigerations SME IPO GMP Today
Live GMP, listing price estimate, and listing gain
Shree Refrigerations SME IPO Allotment Status
Check allotment result on allotment date
Shree Refrigerations SME IPO Details
Financials, peers, strengths, and review
All IPO Subscription Status
Subscription for all active IPOs
Shree Refrigerations SME IPO Subscription FAQs
What is Shree Refrigerations SME IPO subscription status today?
Shree Refrigerations SME IPO subscription closed on 29 July 2025 with overall subscription of 187.55x (by shares) as of 18 July 2026, 4:47 PM IST. QIB 167.32x, NII 196.99x, IND 194.94x.
What is the overall subscription of Shree Refrigerations SME IPO?
Shree Refrigerations SME IPO is subscribed 187.55x overall by shares at close on 29 July 2025. QIB 167.32x, NII 196.99x, and IND 194.94x.
What is Shree Refrigerations SME IPO QIB subscription?
Shree Refrigerations SME IPO QIB (Qualified Institutional Buyers) subscription is 167.32x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Shree Refrigerations SME IPO IND subscription?
Shree Refrigerations SME IPO IND subscription is 194.94x by shares. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Shree Refrigerations SME IPO NII subscription?
Shree Refrigerations SME IPO NII (Non-Institutional Investors) subscription is 196.99x by shares. NII covers bids above Rs 2 lakh.
What are allotment chances in Shree Refrigerations SME IPO for retail?
Shree Refrigerations SME IPO retail share subscription is 194.94x. Application-wise data is needed for accurate lottery odds.
When is Shree Refrigerations SME IPO allotment date?
Shree Refrigerations SME IPO allotment date is 30 July 2025. Check Shree Refrigerations SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Shree Refrigerations SME IPO subscription close?
Shree Refrigerations SME IPO subscription closed on 29 July 2025. No new applications are accepted after the close.
What is Shree Refrigerations SME IPO GMP today?
Shree Refrigerations SME IPO GMP is ₹70 today (+56.00% over issue price ₹125). See live GMP on the Shree Refrigerations SME IPO GMP Today page.
What is Shree Refrigerations SME IPO issue price and lot size?
Shree Refrigerations SME IPO issue price is ₹125 per share. Lot size is 1000 shares. Minimum investment is ₹2,50,000 per lot (minimum 2 lots for SME). Issue size: ₹111.45 Cr.
When is Shree Refrigerations SME IPO listing date?
Shree Refrigerations SME IPO listing date is 1 August 2025 on NSE and BSE. Allotment is on 30 July 2025.
How does subscription affect Shree Refrigerations SME IPO allotment?
Allotment odds in Shree Refrigerations SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 187.55x overall, competition is very high.
For allotment results from 30 July 2025, visit the Shree Refrigerations SME IPO Allotment Status page. For listing day updates on 1 August 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.