Shree Refrigerations SME IPO Subscription Status
The Shree Refrigerations SME IPO closed on 29 July 2025 with an overall subscription of 187.55x based on shares applied.
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
What Do These Subscription Numbers Mean?
A subscription of 187.55x means the IPO received bids for 188 times the number of shares available. For every 188 applications, only 1 can receive an allotment.
Here is what each category number tells you:
Shree Refrigerations SME IPO Allotment Chances
Based on the final subscription data, here is a realistic view of allotment probability by category.
QIB Category: QIB allotment is discretionary and handled by the book running lead managers. Retail investors do not participate in this category.
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 - 26 Jul 2025 | 2.25x | 11.88x | 34.85x | 20.62x |
| Day 3 - 27 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 the current subscription status of Shree Refrigerations SME?
Shree Refrigerations SME IPO closed on 29 July 2025 with an overall subscription of 187.55x based on shares applied. QIB subscribed N/A, NII N/A, and retail N/A.
What are the allotment chances for retail investors?
Retail allotment chances depend on final oversubscription. Allotment is by lottery when retail subscription exceeds 1x.
When will Shree Refrigerations SME allotment be finalised?
Allotment will be finalised on 30 July 2025. You can check your allotment status on the Shree Refrigerations SME IPO Allotment Status page from that date.
What happens after subscription closes?
After the subscription closes, the registrar processes all applications and finalises allotment on 30 July 2025. Refunds for unsuccessful applications are typically initiated before listing. Shares are credited to demat accounts before the listing date on 1 August 2025.
Can I apply after subscription closes?
No. The subscription window closed on 29 July 2025. All applications must be submitted during the open period. Late applications are rejected automatically.
What is the difference between QIB, NII, and IND subscription?
QIB includes institutional investors such as mutual funds, FIIs, and banks. NII includes high net worth individuals applying above Rs 2 lakh. IND includes individual investors applying up to Rs 2 lakh. Each category has separate reservation and different allotment rules.
How does subscription affect allotment chances?
Higher oversubscription means fewer applicants receive allotment. In the retail category, allotment is by lottery. In the NII category, allotment is proportional. At 187.55x overall subscription, competition for shares is very high.
What is the issue size and lot size for Shree Refrigerations SME?
Issue size is ₹111.45 Cr. Lot size is 1000 shares. Minimum investment at the issue price of Rs 125.00 is Rs 2,50,000.00 per lot (minimum 2 lots for SME).
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.