IPOName: Snehaa Organics IPO; ListingDate: 2025-09-05; IPOSize: ₹32.68 Cr; PriceBand: ₹115–₹122; OpenDate: 2025-08-29; CloseDate: 2025-09-02; LotSize: 1,000; Exchange: NSE SME; Registrar: Skyline Financial Services; IssueType: Book Built; FaceValue: ₹10;
Snehaa Organics Ltd, a Hyderabad-based solvent recovery and recycling specialist, launched its SME IPO on August 29, 2025. The fresh issue, sized at ~₹32.68 crore, is priced at ₹115–₹122/share, with fast allotment and listing on NSE Emerge scheduled for September 5. (SMEStreet, Economic Times)
IPO Highlights
- Issue Size: ₹32.68 Cr (100% fresh issue; 26.79 lakh shares)
- Price Band: ₹115–₹122 per share
- Lot Size: 1,000 shares → ₹1.22–1.24 L per lot
- Listing: NSE Emerge, expected on September 5, 2025
Company Overview
Snehaa Organics specializes in eco-friendly solvent recovery and recycling—particularly capturing spent solvents and purifying them for industrial reuse. Their eco-sensitive operations and quality focus make them a notable ESG-aligned SME IPO. (Samco, Indian Economy & Market)
Financial Performance & Metrics
| Metric | FY25 | FY24 |
|---|---|---|
| Revenue (₹ Cr) | 26.29 | 23.80 |
| PAT (₹ Cr) | 7.34 | 3.66 |
| EBITDA Margin | 43.5% | — |
| PAT Margin | 28.0% | — |
| ROE | 49.7% | — |
| ROCE | 50.4% | — |
| Order Book | ₹— | — |
The financials reveal a strong growth trajectory, with profitability and capital efficiency leading the way. (Business Today, IPO Platform)
Analyst View & Valuation
Valuation is compelling, with the IPO priced around 12x FY25 earnings and P/B at 0.70x—significantly below sector averages. Analysts recommend ‘Subscribe’ for long-term investors based on strong fundamentals and ESG positioning. (SMEStreet)
IPO Interest & GMP
Snehaa Organics has recorded a strong GMP of ~₹34 per share, implying around 28% expected listing gain. (Business Today)
Strengths & Catalysts
- High-margin circular economy business model
- Robust growth, repeat orders, and sustainability focus
- Strong analyst backing based on valuation and margins
Risks & Considerations
- SME IPOs are illiquid and volatile; don't count on GMP blindly
- Customer concentration and working capital cycles could stretch financials
> “SME IPO GMP is speculative. Many list flat despite high GMP.” — Reddit discussion on SME IPO caution. (r/IPO_India)
Final Take
Snehaa Organics IPO combines sustainability with profitability—an ESG-aligned SME offering with sharp margins and valuation support. Recommended for investors willing to navigate SME risks for long-term upside.
Track daily GMP, allotment status, and listing updates on GMPRadar.com.
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