Mumbai: Snehaa Organics, a provider of solvent and sustainable solutions, has announced the launch of its Initial Public Offering (IPO) that opens for subscription on August 29. The company is looking to raise Rs.32.68 crore through a fresh issue of 27 lakh equity shares. The price band for the same is Rs.115-122 per share.
The company aims to use the proceeds to meet the company’s working capital needs, repay/prepay loans and general corporate purposes.
Currently, the company has an installed capacity of 60KL kettles and 27 KL reactors for its solvent and purification solutions. The company aims to improve its utilization rate from 88% currently to almost 95%, encouraged by the 80% repeat order rate.
The IPO will close on September 2 with the shares getting listed on the NSE SME platform by September 5. Skyline Financial Services is the registrar for the issue with Fast Track Finsec acting as the book-running lead manager.
Mr. Nandigala Venkata Sai Kiran, MD of Snehaa Organics Limited, said:
“The launch of our IPO marks a significant milestone in Snehaa Organics’ journey of driving sustainable solutions for the chemical and pharmaceutical industries. With our strong track record of 90–95% solvent recovery, 88% capacity utilization, and 80% repeat business from customers, we have established ourselves as a trusted partner in promoting circular-economy practices. The proceeds from this offering will strengthen our working capital base, enhance operational efficiencies, and further consolidate our market position. We are confident that this step will enable us to deliver long-term value to our stakeholders while contributing to resource efficiency and environmental sustainability.”
Mr. Vikas Kumar Verma, Founder of Fast Track Finsec Private Limited, the Book Running Lead Manager to the Issue, said:
“Snehaa Organics Limited represents a compelling opportunity for investors given its strong financial performance, scalable business model, and sustainability-focused operations. The company has delivered healthy margins with an EBITDA margin of 43.52% and PAT margin of 27.98% in FY25, reflecting both operational strength and disciplined execution. We believe the IPO will provide the company with the necessary resources to capture growing demand in solvent recovery and purification while creating meaningful value for investors.”
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.
